Exploring production centred redistribution to addressing rising inequality

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ABSTRACT Policy interventions to address widening inequality have focused on fiscal-based redistributive measures as governments remain less inclined directly to intervene in shaping outcomes within the production system itself. However, low and stagnating tax rates and contractions in social spending have reduced the quantum of resources available to address inequality, curtailing the effectiveness of such policies. Clearly, the pursuit of purely redistributive and other fiscal policies have been insufficient in addressing growing within country wealth and income inequality. Much less work has focused on how social disparities are reproduced through the production, financial and geospatial organisation of the economy and therefore how appropriate policy may be designed to achieve more equitable outcomes. It is therefore crucial to understand how the structure of markets and political institutions produce particular distributional outcomes before the intervention of fiscal authorities.