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[...] the corrosive view that there is nothing that can be done: that there is no alternative to the present high levels of inequality. I reject this view. There have been periods in the past, not just in wartime, when significant reductions in inequality and poverty were achieved. The twenty-first…

The standard objection to proposals such as those described in Part Two is that reduced inequality can be achieved only at the expense of lowering economic output or slowing economic growth. We have to sacrifice efficiency in order to secure greater economic justice.

To this objection, I have tw…