The Dirty Secret of Capitalism: Difference between revisions
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*"Let's shrink the size of the government, but not by slashing poverty programs, but by ensuring that workers are paid enough, so they don't actually need those programs. | *"Let's shrink the size of the government, but not by slashing poverty programs, but by ensuring that workers are paid enough, so they don't actually need those programs. | ||
*"Divine right" of kings shifted to "trickle-down economics" of the 20th century. | *"Divine right" of kings shifted to "trickle-down economics" of the 20th century. | ||
=How Economic Inequality Harms Society= | |||
*Wealth in rich countries doesn't affect prosperity. Level of equality affects prosperity in rich countries. | |||
<html><div style="max-width:854px"><div style="position:relative;height:0;padding-bottom:56.25%"><iframe src="https://embed.ted.com/talks/richard_wilkinson" width="854" height="480" style="position:absolute;left:0;top:0;width:100%;height:100%" frameborder="0" scrolling="no" allowfullscreen></iframe></div></div></html> | |||
Revision as of 01:44, 28 October 2019
Notes - 2014 Speech
- Since 1980, wages of CEOs went from 30x median to 500x median.
- "Let's shrink the size of the government, but not by slashing poverty programs, but by ensuring that workers are paid enough, so they don't actually need those programs.
- "Divine right" of kings shifted to "trickle-down economics" of the 20th century.
How Economic Inequality Harms Society
- Wealth in rich countries doesn't affect prosperity. Level of equality affects prosperity in rich countries.