We are heading towards Thomas Piketty’s predicted steady state of wealth being worth six times national income. We are not immune to his prognosis of a return to Victorian-style levels of inequality.
The most recent NBR Rich List has revealed the biggest proportional increase in wealth since the list first appeared in 1986. But what do these figures mean and what else do we know about New Zealand’s fortunes? Following his groundbreaking work on income inequality, Max Rashbrooke examines how wealth shapes our experience. Drawing on previously unpublished data, he explores what constitutes wealth in New Zealand – where, how and why it is held. In doing so, he addresses how wealth has come to be so unevenly distributed, and why this imbalance is something we can no longer ignore.
What are BWB Texts?
BWB Texts are short books on big subjects by great New Zealand writers. Spanning contemporary issues, history and memoir, new BWB Texts are released regularly, and the series now amounts to well over fifty works.
All recently published BWB Texts can be purchased in print and digital formats using the ‘Buy’ or ‘Preorder’ buttons on this page. You can also subscribe to the series – a great gift idea! Find more information about subscription offers here.