08.03.2009 10:03

One of the strangest political processses of my lifetime is that when I was young, it was widely agreed that rich people had too much money and that something should be done about it. Now, it’s widely agreed that poor people have too much money and that something should be done about it. And this has taken place, not - as one might expect - while the poor have been increasing their share of income at the expense of the rich, but while the opposite process has been going on. So there’s an unending appetite for hate-the-poor stories, hate-the-public-sector stories as well as the hate-the-unions and hate-the-immigrants stories. Hate-the-banks didn’t last very long though.

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