Nicholas Hildyard
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The injustices of wealth
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Research by academics such as Thomas Piketty has documented the growing wealth gap, both within countries and between them, with wealth increasingly concentrated in the hands of the elite 1% of the global rich. Such inequality does not come about by accident: it reflects the extent to which elites have constructed institutions that extract value from society. It takes hard political work to build the social, legal and economic infrastructure that embed such forms of extraction to the point where they are assumed to be ‘normal’. One area where new forms of wealth extraction are being constructed is infrastructure finance.

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Licensed larceny

Infrastructure, financial extraction and the global South


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