The OECD has a new report out insisting that inequality is rising to monstrous proportions and it won’t be all that long before the dispossessed peasantry rise up and murder us all in our beds. Well, perhaps they’re slightly less apocalyptic than that but not all that much. They insist that inequality is rising to unprecedented levels, that this is damaging economic growth and we’d really all better do something about it. There’s a number of ways of taking issue with this: for example, I like to note that global inequality is falling, so I don’t worry very much about what happens to in-country inequality. I’m also prone to insisting that the diminution of absolute poverty is closely linked to that rise in in-country inequality at which point I actively support the inequality rises the OECD is so lamenting. But there’s one more reason not to take the OECD very seriously which we’ll come to in a moment.