How to enjoy at least 5 extra healthy, independent years

To ensure that people can enjoy at least 5 extra healthy, independent years of life by 2035, whilst narrowing the gap between the experience of the richest and poorest.
It's social inequality, not economic difference that makes us miserable and today the UK does rather a good job of reducing economic inequality which determine health and life chances.
Richard Wilkinson and Kate Pickett tell us that inequality makes us miserable, causes crime and, ultimately, kills. The authors of The Spirit Level, a screed against inequality, have just published a follow up, The Inner Level: How More Equal Societies Reduce Stress, Restore Sanity and Improve Everyone’s Well-being.
The Spirit Level was ably demolished by Chis Snowdon of the Institute of Economic Affairs. is a privately funded non-profit conservative think tank founded by Antony Fisher in 1955. The biggest problem with Wilkinson and Pickett’s argument is a failure to distinguish between social and economic inequality, and to make unfounded assumptions about the relationship between the two.
The point is the difficulty of identifying which inequality we are talking about: that of wealth, income or consumption? On income the UK is doing a good job of reducing inequality. Top 10% - bottom 10% household incomes differ by a ratio of 12 to 1
Richard Layard work on happiness concludes that not having anything very much makes us unhappy but that misery of inequality only kicks in, or becomes dominant, above a certain level of prosperity. People need to perceive they are missing out.
All of the measures of inequality are of economic inequality. But the method by which we are made miserable is social inequality. Those are different things and Layard uses the measurement along one axis to prescribe actions upon the other. We cannot assume that economic inequality is proof in itself.
It is now my firm belief that the way to at least 5 extra healthy, independent years of life by 2035 is the path to prosperity. This lies not in insularity even within the fluffy blanket of the EU, but in embracing the opportunities of globalisation. Through this we can ensure competition, increase productivity and the incentive to innovate – ultimately making us all better off.

Why the contribution is important

Economic inequality is not the same as the social inequality by which we are made miserable and it is important to recognize this.

It is also important to recognize that while the UK has done much to to reduce economic inequality much more is still to be done particularly with regard to the Government ensuring that the opportunities offered by Brexit are made available to to everyone.

by MartinCain2018 on July 16, 2018 at 08:13AM

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