Malcolm Henry who normally blogs at Views from the Boatshed has produced an animation “Crazy Money: How The Rich Get Richer While The Rest Of Us Get Deeper In Debt.” The animation presents many actual monetary figures and is few years out of date, but it is unlikely the overall picture will have changed significantly since 2014. Malcolm has kindly agreed that we can link to it here at Progressive Pulse.
The actual figures are quite alarming. Malcolm has been notified that the video is being posted today and hopefully will have time to respond to comments.
I’m not sure if absolutely everything is correct and there are some areas which are subject to debate (From Richard Murphy: “I think the role of government in money creation is wrongly stated: this is a PM view. And I do not buy the negative interest rate to UBI argument: it’s curious but no more than that. I think it’s worth sharing but with a health warning attached”). As ever we welcome lively debate and constructive criticism at Progressive Pulse, I’m sure none of us know all the answers but I think it is a valuable contribution even if we might disagree about some of the details.