Why Inequality Starts Becoming a Problem Now

Yup wealth inequality paralizes the economy.

As it always seems, the world is still a giant pyramid that is only getting higher and more narrow. This is what happens with greed and limited resource. Get it all, whoever is at the top. Get it all and run, because everyone underneath you runs similarly when reality sets in and there is no longer enough.

Adding wealth to the global economy only makes the world richer when the input is extraterrestrial, this is the big problem with industrial economies. Before industry, most of the input into the economy came from the sun, now it mostly comes out of the ground. So most of the wealth we've added since the industrial revolution has been at the expense of the planet we live on, and the economic growth and increase in our standard of living goes along with things like noise, light, and other pollution, big toxic pits, mass extinctions, expanses of asphalt and concrete and other miseries most people see no direct benefit from but much indirect suffering. In many ways we were better off when we used the wind for transportation, because at least it didn't require burning coal and drilling for oil to keep goods moving. If we want to avoid strife from inequality the most important thing is to transition back to using energy that comes from outer space.

Do not believe in equality, as we are born different in capacity,there will b the weak the strong the good the bad n worse the most evil n the greedy,even from the same family rarely willingly to share , we r born equal only thereafter n hereafter differences begun,!

america first then we can carry the world into prosperity ..

Live within your means by controlling your desires, the best things in life are free!

Inequality is irrelevant, what matters is the standard of living of the majority, can they have a reasonable standard of living or not?…someone somewhere will always have more

how in the name of god the "world" is in debt? kkkkk to whom?

eyy, as someone with a networth of less than 10k dollars I can say I am so happy that I can live in one of the richest countries of the world and have a computer to reply to this but man, would I like a job.

Not every thief robs a store.

Some wear business suits. Or they go out of their way to make life difficult for other people.

Now it's becoming mainstream. And we're seeing the effects of it slowly creeping out.

Civilization just isn't built on fighting and pillaging. But a lot of modern societies encourage it now. Even if the general public doesn't want it.

It was not the pandemic, it was our politicians who shut down the world. Not covid, but demagogues

Inequality creates revolutionary tendencies. Need to be careful

It's almost like money creates all of our problems or something...weird.

Inequality has been a problem for a while now. It's just that it is getting to the point that it can't be ignored that ordinary people cannot live decent lives any longer, and that struggle soons turns to resentment, intolerance and discussion.

You are missing out a very important tipping point: Peak Baby!
Since a few years, the global number of births is declining.
That has big implication on demographics, mainly afing society and a shift of producer economy towards consumer economy. With less people to produce, either AI has to take over or we will see massive inflation (that we already see on a global scale).
I'm sure, we won't recognize the world we living in, 20 years ahead of us.

PS: will you do a video on the Peak Baby phenomenon?

Taxation is theft.

The slaves will revolt

There is nothing wrong with inequality. We are NOT all equal. Some are smarter or more ambitious; some are more laid back and easy-going; some work diligently in their formative years to attain a worthwhile education and a foundation for wealth-building while some prefer to party and enjoy themselves instead.

Pretending that we all deserve the same results in life is childish and irrational. In today's world, the gap between productive people and minions is understandably wider than at any time in history. Technology is making basic manual labor almost obsolete. If you don't have a useful skill by the time you are in your mid-twenties, it's too late.

confusing..what were u trying to say overall

Higher debt, higher taxes. Seems obvious there is a limit. There is no point being richer in the future if you are broke now.

I love reading the comments and seeing how the kind of rosy-tinted glasses aproach to inequality that was exposed in the video does not cut it anymore. Having a higher concentration of wealth has never been good for any society, and our robber barons are destroying our societies. It's time to back the economy and the political power.

You lost me at the ludicrous claim that humans have unlimited desires. There's plenty of research to demonstrate that this simply isn't true.

These videos are great, but why do I always feel like they end right before I think they're finally gonna give me an explanation my smooth brain can understand?

Impressive how you've made a 14-minutes long argument to try to prove that we shouldn't revolt agaisnt blatant inequality "because it's actually good for the economy, guys, just trust me." Heck, some of your graphs even contradict your statements. "We were going in the right direction until recently" That's why Global Inequality rose from 35 on the Gini Index in 1980 to 41 in 2015, before it's decline ?

Keynes

The rich get richer and the poor get... richer?

Global wealth disparity doesn't explain on a Country level the inequality. It can mostly be explained by looking at the housing market. When the middle class cannot afford to have their own land it is bad. Economists cannot predict economies or even fix them or a crisis would never happen. All they do is treat the symptoms instead of fixing the root problem. Like giving someone advice they don't need and agree with xD

Lol what problem? It is not like africa is gonna be a first world country overnight even if the rich give them money

Is government debt not just a mechanism for poor citizens to pay rich citizens? Example: I'm not certain, but I believe bonds are held mostly by institutions and the very rich. Even better example: when interest rates go up, normal people have to pay more to their mortgages and credit cards, while rich people collect more from their financial assets. Am I wrong? I don't claim to understand such things, so someone please correct me.

Another dumb video from a populist. Lol very typical.

At all times and in all societies there are individuals that do not want to compete in a free market but rather want society to work for them. This is online problem when they are able to utilize the power of the government to facilitate their agenda. This is why governments should always be kept very weak and limited, only performing basic and negative functions. Big government means big corruption.

How much inequality is healthy for the society? Is there any formula showcasing this

Greed. Still capitalism is necessary

Colonies on average were a net drain. There are a few exceptions to this rule but over a long time span the vast majority cost empires money, it did not make them rich, rather they subsidized their colonies. This also checks out with reality with more heavily or lengthily colonized countries having better GDP per capita.

Perpetuating the lie of exploitative colonization is quite literally the domain of ideologues pretending to be economists.

Surprised there was no mention of the effect of increasing wealth by leveraging wealth and bypassing the goods and services production has on an economy. Sometimes called 'rent seeking'.

What happens when there is a monopoly on wealth in the Capitalist society? Have we reverted to effective Mercantilism?

That was a lot of information on IOU’s
You said- you would discuss what the consequences were if it was NOT paid back
And how could it be paid back?
That is a mountain of STUFF in this world that has made the planet sick !
Plastic/ landfill/ trash and we don’t need it

I really don't see the difference between consumption and investment.
How beneficial for the economy it is only depends on what this cashflow is being allocated towards by the recepient.

Concentration of wealth also affects other stuff....government policies and laws via "interest groups." Lol

The bigger problem with economic inequality isn't the economic side, it's the social side. The evidence is overwhelming that the greater the economic inequality is in a society, the worse the social outcomes are for those at the bottom, particularly in criminal justice systems. It doesn't matter much if everyone gets richer, if that increase in wealth leads to worse outcomes for those at the bottom.

thanks for the informations ❤❤❤

I think 175 empty homes per homeless in Mississippi shows how pointless equality and inequality is. Everyone should never have any money. Ever.

please stop the sound effects

the way he talks is just so distracting I dont know why.