We still talk about the rich and the working class as if nothing has changed, but 15 years ago, the economist Guy Standing argued that the old class system is dead. Instead, he thinks that society is divided into three, and this division is far, far more dangerous than at any time. At the top, you have a ‘plutocracy’ — the ultra-wealthy, the billionaires, the people who do not just have money, but have influence. Below them sits the ‘salariat’ — people with salary jobs, pensions, sick pay, a car
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We still talk about the rich and the working class as if nothing has changed, but 15 years ago, the economist Guy Standing argued that the old class system is dead. Instead, he thinks that society is divided into three, and this division is far, far more dangerous than at any time. At the top, you have a ‘plutocracy’ — the ultra-wealthy, the billionaires, the people who do not just have money, but have influence. Below them sits the ‘salariat’ — people with salary jobs, pensions, sick pay, a car
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