“BRITISH POVERTY DOUBLES IN THIRTY YEARS” (June 19, 2014)
Thus The Guardian today. “Research finds number of households with below-minimum living standards has soared since early 1980s,” elaborates the newspaper. And this happened in spite of the fact that the size of the economy increased twofold in the same period. According to the study, a third of Britons cannot adequately feed, clothe, and house themselves and their families compared to a quarter of the population thirty years ago. These findings come from the Poverty and Social Exclusion Project involving several British universities. Led by the University of Bristol, the universities in Glasgow, York, Oxford, and Northern Ireland are also part of the project. Congratulations to all the academics involved, but there is one thing that is sorely missing in the article, and I fear the project itself. And that is the question of where have all the riches accumulated in the doubling of the British economy since 1980s actually gone? That is, what was the proportion of people holding the country’s riches back then and what is it now? I can well imagine another article in the same newspaper with a rather different title: “British Riches Quadruple in Thirty Years.” A cute title, no doubt.