Political elites say they love the private sector because it’s so much more efficient than the public sector. In truth, the private sector only works by scrounging billions of pounds of public money in the form. It is the corporate elite, not the poor, who are the real scroungers.
Inequality doesn’t matter: the poor are getting richer. This is the fantasy the elite at Davos want us to believe. In reality, while executive pay soars, there are more people living in extreme poverty in sub-Saharan Africa than ever before. The first in a series of Davos Myths.