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The Rise of the freeloaders

As we have pointed out many times before, the richest British-born individuals are members of the half-dozen or so aristocratic families who still own the most valuable areas of Central London. In dynamic economies, the greatest wealth is held by entrepreneurs and innovators such as Microsoft’s Bill Gates. In the British economy, a propertied ruling class sustains its wealth by playing the economic role of a currency forger. This has caused a century of social stagnation and economic decline.

David Cooper has written an article in Prospect magazine which explains why these people are no better than currency forgers.