Not Fair Enough offers a fresh perspective on the barriers to true equal opportunity in Canada. Challenging the conventional focus on labour market earnings, this book examines both sides of GDP – income from labour and income from capital – highlighting the critical role of inherited wealth in sustaining Canada’s financial aristocracy of great family fortunes. Through a compelling exploration of both upward and downward social mobility, the book reveals the hidden mechanisms that reinforce inherited privilege and the persistent barriers to change.
Challenging the myth of a meritocratic society, Not Fair Enough makes a compelling case for systemic reform – calling not only for expanded opportunities but also for a stronger social safety net to mitigate the realities of downward mobility. With a sharp focus on taxation of large inheritances, the vital role of unions, and the impact of progressive social policies, this book presents a powerful call to action for a fairer, more just economy. Engaging and thought-provoking, it is essential reading for anyone concerned about the future of economic equality in Canada.
Introduction
1. The Importance of Property
2. The Downs and Ups of Social Mobility
3. How Much Does "Inequality of Opportunity" Matter for Inequality?
4. Fair Opportunity to Make a Living
5. Of Gender, Race, and Ethnicity
6. Equal Opportunity and the Inheritance of Wealth
7. What to Do?
References
Footnotes
Lars Osberg is McCulloch Professor of Economics at Dalhousie University.
