Whenever things are going badly from an economic perspective, we like to point fingers. And, let’s face it, things are not going well. Wednesday’s GDP figures showed the economy on its knees and household incomes going backwards. On top of that, unemployment has been creeping higher for the better part of a year, while house prices continue to climb, leaving our biggest cities among the most unaffordable in the world.
Kristalina Georgieva, the managing director of the International Monetary Fund, said in a speech earlier this year: “Many people feel that the economy is not working for them. Many are not just anxious but angry. And we are seeing this play out in society and in politics, raising the spectre of an ‘age of anger’, of further polarisation and instability.”
