We had a massive redistribution of income from labour to capital, from wages to profits

Nouriel Roubini : "If you are not hiring workers, there is not enough labour income, there is not enough consumer confidence, there is not enough consumption, there is not enough final demand. "And the last two to three years we've had actually worse than this because we had the massive redistribution of income from labour to capital, from wages to profits, inequality of income and wealth has increased. The margin of propensity to spend of a household is greater than the margin of propensity to spend of a firm because they have a higher margin of propensity to save, firms compared to households. So that redistribution of income and wealth makes the problem of excessive lack of aggregate demand even worse. - in www.theaustralian.com.au