Episode 4: When does wealth become harmful? Should there be limits?

Listen to this episode from Antisocial Economics on Spotify. When does having “enough” turn into having too much? The richest people on the Sunday Times rich list are 5,000 times as rich as somebody who's already in the top 1%. Do they really need their surplus billions more than society needs money to improve public services and lift low paid workers up to a living wage?  Sarah Kerr talks to Luke Hildyard and Fernanda Balata about the idea of limits. Luke is Executive Director of the High Pay Centre and author of 'Enough: Why It’s Time to Abolish the Super Rich', and Fernanda Balata is a political economist with the New Economics Foundation and co-author of Exploring an extreme wealth line. Insights from political figures, policy experts, and millionaires on a threshold for harmful wealth.  Together, they think about what the moral, efficiency, and environmental cases are for limiting wealth ownership at the top, and explore the moral and efficiency case for increasing the share of collective wealth, and the levers of corporate and political governance, held by the people who actually produce the wealth in the first place (that is, the workers).