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In this time of runaway wealth, there is an alternative for Britain

Rising inequality is the result of the neoliberal economic system that has wreaked havoc since the 1980s. A different path is possible

In this time of runaway wealth, there is an alternative for Britain
Elon Musk is the world’s richest person | David Branson/Alamy Stock Photo. All rights reserved
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Leafing through the Financial Times Weekend property pages recently, as one does, there were central London properties which, while somewhat outside my aspirations, are good examples of the current era of runaway wealth.

One seven-bedroom apartment, conveniently located between Buckingham Palace and St James’s Palace, had a ‘guide price’ of £22.5m. A few streets north in Mayfair, there was a six-bedroom house for £19.75m, and those seeking a cosier pad could snap up a two-bedroom nearby for a mere £12.95m. These prices are typical for that part of London, and indeed are not even the most expensive available.

South of the city in the scenic Surrey Hills, there is an even more interesting location for the super-rich, St George’s Hill estate. Among the properties currently available is an eight-bedroom, eight-bathroom house, described as “an unparalleled masterpiece”, that is set in 1.5 acres of land and priced at £14.5m – which is towards the upper level for this estate, but not the dearest.