Part 4/9:
Stevenson particularly highlights the economic fallout of the COVID-19 pandemic, arguing that while the government distributed vast sums of money, the upper echelon of society reaped the benefits. A higher concentration of cash amidst the wealthy led to ballooning asset prices, making home ownership and housing affordability even less attainable for ordinary people.
He lays the blame not only on economic agents but on the prevailing narrative that blames immigrants for the economic woes faced by working-class individuals. Stevenson believes that this narrative diverts attention from the real source of wealth inequality, which continues to grow unchecked among billionaires. He finds this shift in discourse troubling, as it could further alienate the working class from their objectives.