Go offline with the Player FM app!
Why the rich always win
Manage episode 517812063 series 3475482
Thomas Piketty called it the most important formula in economics: it's R > G , which means that the rate of return on capital (R) is greater than the rate of growth in the economy (G).
That simple equation explains why the wealthy always get richer, why inequality keeps growing, and why governments pretend it’s inevitable when it isn’t.
In this video, I unpack how political choices and not economic laws have made wealth compound and wages stagnate, and what we can do to reverse it.
311 episodes
Manage episode 517812063 series 3475482
Thomas Piketty called it the most important formula in economics: it's R > G , which means that the rate of return on capital (R) is greater than the rate of growth in the economy (G).
That simple equation explains why the wealthy always get richer, why inequality keeps growing, and why governments pretend it’s inevitable when it isn’t.
In this video, I unpack how political choices and not economic laws have made wealth compound and wages stagnate, and what we can do to reverse it.
311 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.