My biggest fear: growing inequality will lead to fascism
August 29, 2024
Wealth InequalityEnough is EnoughTax Wealth Not WorkEconomics of CovidRich get RicherPoor get PoorerEconomics ExplainedTax the RichEnd AusterityBillionairePoverty
you know I don't personally know these
guys<00:00:01.439> in<00:00:01.560> labor<00:00:01.839> I've<00:00:01.959> got<00:00:02.159> no<00:00:02.639> I've<00:00:02.760> got<00:00:02.919> no
guys in labor I've got no I've got no
grudge<00:00:03.480> against<00:00:03.760> them<00:00:04.200> my<00:00:04.440> concern<00:00:05.000> is<00:00:06.000> we
have a massive problem of inequality
that<00:00:08.080> no<00:00:08.160> one<00:00:08.280> is<00:00:08.400> addressing<00:00:08.840> and<00:00:08.960> we<00:00:09.080> have
that no one is addressing and we have
Cent<00:00:10.120> parties<00:00:10.719> in<00:00:11.320> power<00:00:11.679> in<00:00:11.799> many<00:00:12.040> countries
Cent parties in power in many countries
all<00:00:12.519> over<00:00:12.719> the<00:00:12.799> world<00:00:13.320> in<00:00:13.519> Germany<00:00:14.080> in<00:00:14.280> Spain
you know arguably in America living
standards<00:00:17.119> are<00:00:17.199> falling<00:00:17.439> in<00:00:17.560> all<00:00:17.640> of<00:00:17.800> those
with inequality the problem is bigger
than<00:00:21.080> labor<00:00:21.560> the<00:00:21.720> problem<00:00:21.920> is<00:00:22.039> bigger<00:00:22.279> than
than labor the problem is bigger than
Karma<00:00:23.400> the<00:00:23.599> problem<00:00:23.920> is<00:00:24.080> a<00:00:24.279> broad<00:00:24.920> problem<00:00:25.199> of
Karma the problem is a broad problem of
understanding<00:00:26.679> you<00:00:26.960> need<00:00:27.560> to<00:00:27.880> deal<00:00:28.480> with<00:00:28.599> the
understanding you need to deal with the
growing<00:00:29.199> inequality<00:00:29.960> if<00:00:30.039> you<00:00:30.160> don't<00:00:30.439> you<00:00:30.560> will
growing inequality if you don't you will
not<00:00:30.840> improve<00:00:31.199> living<00:00:31.400> standards<00:00:32.160> and<00:00:32.360> my<00:00:32.960> big
not improve living standards and my big
fear<00:00:33.719> in<00:00:33.920> this<00:00:34.120> country<00:00:34.600> is<00:00:34.719> that<00:00:34.879> labor<00:00:35.239> will
fear in this country is that labor will
win<00:00:35.680> the<00:00:35.800> election<00:00:36.600> they<00:00:36.760> will<00:00:36.960> not<00:00:37.280> do
living standards will continue to fall
and<00:00:42.280> a<00:00:42.440> general<00:00:42.800> public<00:00:43.079> who<00:00:43.239> has<00:00:43.399> already
and a general public who has already
lost<00:00:44.000> faith<00:00:44.160> in<00:00:44.239> the<00:00:44.399> center<00:00:44.760> right<00:00:45.239> will<00:00:45.440> lose
lost faith in the center right will lose
faith<00:00:45.960> in<00:00:46.079> the<00:00:46.199> center<00:00:46.520> left<00:00:47.199> and<00:00:47.440> in<00:00:47.600> 10<00:00:47.879> years
faith in the center left and in 10 years
we'll<00:00:48.399> be<00:00:48.559> in<00:00:48.680> fascism<00:00:49.520> that<00:00:49.640> is<00:00:49.760> my<00:00:49.960> concern