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But if the economic revolution of the last 30 years has increased the wealth generating capacity of the economy quite impressively, it has also ensured that the principal beneficiaries are the already wealthy.
And the theme of this report is that, by combining our enterprise with investments in skills and science, infrastructure and housing, at every point matching investment with reform, Britain can lead in the world's most wealth generating and dynamic sectors - in science and modern manufacturing, in finance and capital markets, in education and the creative industries.
Barnes cites three pathologies of contemporary capitalism which the next upgrade needs to address: first, its tendency to destroy nature; second, the growing gap between rich and poor; and third, the fact that despite massive increases in the wealth generating capacity of the economy, research shows that few people have experienced any improvement in happiness or overall wellbeing.
Now ask: Is our wealth generating new wealth or is it just sitting there like deadweight?
Similar(55)
That wealth generates more wealth with minimal tax.
His reputation for making risks pay off was established by the wealth generated in cable television.
The phenomenal wealth generated saw urbanisation in the region reach 30%.
Much of the wealth generated in an industrial economy ends up in increasing land values.
"Wealth generates from the earth, from the lands and the resources," he said.
All Iraqis should share the wealth generated by their national economy.
There is growing tension over how to share out the wealth generated by natural resources.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com