Have a few thousand bankers made the world more equal than it had been for a hundred years? In this blog post, I will investigate the distributive impact of the 2008 financial crisis and show that today’s inequalities are more complex than we think: if political philosophers want to understand the repercussions of the crash, they need to team up with economists and track down the hidden divides in post-crisis societies.
It was on 14 September 2007 that the general public first noticed that something was wrong. Hundreds of desperate customers queued in front of the branches of mortgage lender Northern Rock, fearing that their savings were already gone.