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We can't afford to subsidise the fat cats
Andrew Sayer's new book show how the rich have feathered their own nests, writes John Moore

Why We Can't Afford The Rich. Andrew Sayer (Policy Press, £15.99)

In Why We Can't Afford the Rich, Andrew Sayer shows how financial markets came to overshadow the traditional industrial economy, exacerbating the depth of the economic crisis and increasing the share of the rich in national wealth in the process.

Sayer defines the rich as "income extractors" rather than earners, as they get most of their revenue from their control of assets such as land, money, buildings and equipment which enable them to draw off value that others produce.

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