A frequent topic for discussion is the widening gap between super-rich and the poor, with people in the middle being squeezed down. This is occurring in most countries, the effect being particularly marked in the USA and Britain. Nobody seems to know what to do about it. Yet there is no mystery about what is happening. It is precisely as predicted by the nineteenth century economist Henry George, who, in his book "Progress and Poverty" examined and accounted for the paradox whereby the enormous increase in productive power produced by the Industrial Revolution led to a small class of wealthy people and a huge class of people squeezed to the limit and living in poverty. The past thirty years have seen a succession of revolutions which have had the same effect as the first Industrial Revolution, of increasing people's productive capacity. First we had the large centralised mainframe computer, which did away with a vast number of routine jobs. Then came personal computers, w...
POLITICS ∙ ECONOMICS ∙ RELIGION ∙ MUSIC