Published: 9th Oct 2014

As inequality and concentration of wealth return to 19th century levels, can ownership and power be democratised through a revival of the commons and the resurgence of co-operative approaches? We asked seven experts to give their views As Thomas Piketty’s work has shown, concentration of wealth is reaching levels similar to those seen in the early 19th century. In 1810 the top 10% owned 80% of the wealth in the UK; in 2010 the figure was 70%. Britain is now the most unequal country in Europe and the impact of such inequality is playing out in every aspect of life, from housing and education to health and democracy. For local economies that have been in decline since the 1970s, income inequality stacks the odds against them re-building their population base and recreating flourishing places for all. As the public sector shrinks and the private sector steps into the breech, corporations … (To read the full article, subscribe below)