Debt Cycles : under the lens of Inequality

Inequality casts this in an awkward light, in economies such as the US, the UK, and Malaysia, where I live. 

With the bottom half of the population facing considerable austerity, and the top decile facing considerable luxury, the possibility of equitable deleveraging is strongly polarised by class. 

On one hand, the Haves do not want their bubble to pop too suddenly; whereas the HaveNots had their bubbles popped in the far distant past. 

Yet, putting the spotlight on inequality is the first crucial step in a peaceful deleveraging with minimal class conflict, otherwise called a soft-landing.

Nevertheless, there will always be those who assert the need for a class war.