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My biggest fear: growing inequality will lead to fascism

August 29, 2024
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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you<00:00:00.199> know<00:00:00.359> I<00:00:00.440> don't<00:00:00.599> personally<00:00:00.960> know<00:00:01.120> these

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you know I don't personally know these

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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

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guys in labor I've got no I've got no

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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

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grudge against them my concern is we

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grudge against them my concern is we have<00:00:06.279> a<00:00:06.600> massive<00:00:07.040> problem<00:00:07.279> of<00:00:07.399> inequality

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have a massive problem of inequality

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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

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that no one is addressing and we have

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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

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Cent parties in power in many countries

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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

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all over the world in Germany in Spain

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all over the world in Germany in Spain you<00:00:14.920> know<00:00:15.080> arguably<00:00:15.559> in<00:00:15.679> America<00:00:16.520> living

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you know arguably in America living

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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

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standards are falling in all of those

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standards are falling in all of those countries<00:00:18.400> because<00:00:18.640> they're<00:00:18.760> not<00:00:18.880> dealing

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countries because they're not dealing

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countries because they're not dealing with<00:00:19.279> inequality<00:00:20.080> the<00:00:20.240> problem<00:00:20.480> is<00:00:20.640> bigger

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with inequality the problem is bigger

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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

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than labor the problem is bigger than

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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

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Karma the problem is a broad problem of

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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

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understanding you need to deal with the

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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

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growing inequality if you don't you will

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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

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not improve living standards and my big

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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

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fear in this country is that labor will

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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

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win the election they will not do

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win the election they will not do anything<00:00:37.760> to<00:00:38.040> stop<00:00:38.320> inequality<00:00:38.840> from<00:00:39.000> growing

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anything to stop inequality from growing

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anything to stop inequality from growing living<00:00:40.079> standards<00:00:40.559> will<00:00:40.760> continue<00:00:41.120> to<00:00:41.320> fall

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living standards will continue to fall

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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

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and a general public who has already

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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

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lost faith in the center right will lose

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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

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faith in the center left and in 10 years

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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