Here in Britain the government claims that there is only twenty billion pounds worth of tax evasion and avoidance, but some economists estimate that it could be a hundred and twenty billion, and similar tax dodging carries on all around the world. Since Margaret Thatcher deregulated the banking system in 1986 and President Clinton abolished the bank regulation laws in 1998 the world’s been transformed with wealth being shifted all around the planet so that the super-rich and the giant corporations don’t have to pay their share of tax. The consequence of this has been a huge increase in inequality in Britain – it had doubled in the last forty years so that it is now as bad as it was in 1914. Labour’s new leadership under Jeremy Corbyn and John McDonnell would almost certainly be committed to reforming this appalling and unaccountable concentration of power, so we can expect the financial sector to do everything in its power to stop Jeremy getting into Downing Street.

via Ken Livingstone: Decade after 2008 crisis, no changes made, richest get richer, inequality growing — RT Op-ed