Higher Education & The Reproduction of Social Elites

Discover Society:

There has been much public and media commentary on the financial crisis of 2008, the subsequent years of austerity, and the current banking system’s dubious practices, with discussions of how to tackle these issues continuing to dominate political discourse during the run up to May’s General Election. Yet, despite all this, financial elites continue to thrive in the City of London, reproducing their privilege while others struggle with the impact of austerity cuts and the reduced economic value of less valued forms of employment.

It is widely acknowledged that inequalities within UK society are increasing, with fewer people appropriating a greater proportion of the wealth and a widening chasm forming between the financial elite and the rest of society. A piece by Lisa McKenzie in April’s Discover Society illustrated powerfully how this growing inequality is experienced by those at the bottom of the income distribution and living in and around the City of London, with some facing forced eviction to make way for luxury housing for the wealthy, and others forced to use ‘poor doors’ to access their social housing within these opulent new developments.