The long read: The economic arguments adopted by Britain and the US in the 1980s led to vastly increased inequality – and gave the false impression that this outcome was not only inevitable, but good.
“Much of the inequality we see today in richer countries is more down to decisions made by governments than to irreversible market forces. The most entrenched self-deluding self-perpetuating justifications for inequality are about morality, not economy.”
Corporate influence on government decisions coupled with faulty economics has led to massive inequality.
Source: ‘Socialism for the rich’: the evils of bad economics | Inequality | The Guardian