Oireachtas Joint and Select Committees

Wednesday, 7 September 2016

Committee on Budgetary Oversight

Economic and Fiscal Position: Economic and Social Research Institute

2:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I am sorry to cut across Professor Barrett. He says it is not the ESRI's job to give an opinion on wealth distribution and I accept the point that it tries to put together figures. However, when it becomes a macroeconomic problem and threat, does Professor Barrett accept the argument, which has been put forward by people on the left, most notably by Thomas Piketty, that it is the central danger and that where there is a very unequal distribution of wealth and a growing inequality in it, it poses a sort of existential threat to the sustainability and stability of an economy?

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