yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

What causes income inequality and tribal politics | Bill Drayton | Big Think


3m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

Bill Drayton: Maybe a good way to get into this is to ask: why are income distributions everywhere getting worse and worse, regardless of the nature of the economy, regardless of ideology? That’s just a fact.

And the second question: why do we have “us versus them” politics (and all the pain and disruption that causes) spreading and spreading across the world? So that’s another fact. So this is not based on a personality or some economic peculiarity. There’s a deeper force at work.

So let’s start with some other facts. From 1700 to now, the rate of change and the degree of interconnection have both been going up, each feeding the other exponentially. And the demand for repetition has been going down in a mirror curve. These curves have been going for 300 years, and we’re now at a point that much of the world is already functioning as an everything-changing world where you must be a “change-maker” to be able to play in this game.

And those are skills that are almost exactly the opposite of the skills that were appropriate in a world organized around efficiency and repetition. The old model was: you learn a skill – barber, banking, it doesn’t matter. And then you repeat it for life in workplaces with walls – assembly lines, law firms.

And that world is basically gone, except a lot of people don’t know it yet. And in the world that is all around us, the successful parts of the world, you have to have very different skills. You’ve got to be able to live in a kaleidoscope of contacts that are all changing and are interconnected.

And you have to be able to see new patterns and come together in new teams and work with teams of teams. This is very complex and it requires very specific skills. And the world is now increasingly divided by the new inequality between those that have the skills and are in the new game of change and those who don’t have the skills.

And this is very bitter. The people who are in the game are helping one another get better as it speeds up because that’s what you do with teammates. You need your teammates to be really good. So that part of the world is getting better and better at a game that the other part doesn’t see, doesn’t have the skills, and is being pushed out.

And we’re telling those people, “Go away. We don’t need you. It’s your fault. And by the way your kids don’t have much of a future.” So why do we have income distribution getting worse? Because there’s a bidding war for the people who are change-makers, who are in the change game, and there’s going-away demand for people who don’t have those skills. Economics 101.

Why do we have us-versus-them politics? Because if you treat anyone—let alone large parts of humanity—in this really terrible way, “You can’t be a part of society; You can’t contribute; You are powerless”—This is terrible! This is what makes people profoundly unhappy.

And of course you have opioids. We have to tear down the new inequality and therefore the income inequality and this outrageous way of treating a large part of the population.

And the key is we have to help every single human being have the skills so they can contribute, so they can be powerful, so they are change-makers. That’s the heart of it...

More Articles

View All
Latin and Greek roots and affixes | Reading | Khan Academy
Hello readers! Today I want to talk about vocabulary and how many English words have Greek or Latin roots embedded in them, and how you can use that to your advantage. The story of why English has Greek and Latin in it at all is super fascinating to me, …
Developing an American identity, 1800-1848 | US history | Khan Academy
In this video, I want to take a look back at the period from 1800 to 1848, kind of from a bird’s eye view. This is a huge time in American history. In 1800, the United States was just a fledgling nation, less than 20 years out from winning its independenc…
Adding 1 vs. adding 10 | Addition and subtraction | 1st grade | Khan Academy
So pause this video and real quick figure out what 27 plus 1 is, and then if possible, figure out what 27 plus 10 is. All right, so a lot of, let’s think about it together. You might have been able to do this one pretty easily. You might have said, okay,…
Here's Why I AM the BEST Salesman in the World! | Kevin O'Leary
[Music] So, Shark Tank, luck. People don’t understand it’s a really grueling, tough, long day, and you got to be sharp because you’re basically buying and selling millions of dollars worth of product. So, that means you can’t go there with a hangover. Bel…
How The Economic Machine Works by Ray Dalio
How the economic machine works, in 30 minutes. The economy works like a simple machine. But many people don’t understand it — or they don’t agree on how it works — and this has led to a lot of needless economic suffering. I feel a deep sense of responsibi…
Why Youtube Feels Boring Now
Behind me are 100 people and they range from the age one all the way [Music]. This is Mummy Pig. YouTube feels boring now. Those were the exact words my friend said to me as we talked about the current state of the platform. I asked him why he felt so, a…