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
Michael Burry CALLS OUT The Fed's Inflation Metrics
Well, just when you thought I was done talking about inflation, heck, even when I thought I was done talking about inflation, guess who pops back into the frame? Yes, that guy right there, Michael Burry. So, I can’t let this one slide past. Honestly, I wa…
See How Dancing Helps This Young Refugee Feel Welcome in a New Country | Short Film Showcase
[Music] [Music] [Music] We’re gonna do the question of the day. I am from Karachi, Pakistan. I’m nervous but got them from blast. Everyone looking for my face. I want to be a little bit challenged, so to be ready in September for school, you need to anal…
Lesson Planning with Khanmigo Webinar
Welcome, welcome everybody! We are here today to talk about lesson planning and how at KH Academy and with Con Migo we can support you with lesson planning. We know we are all teachers; we have been in the classroom. We have gone through lesson planning.…
The Less You Seek, The More You’ll Find | The Happiness Paradox
The less we try to think about a blue elephant, the more likely this creature persists in residing in our thoughts. Imagine the blue elephant represents our unhappiness – our dissatisfaction with life – hence the color blue. Obviously, no one likes feelin…
Understanding equivalent ratios
We’re told that Burger Barn makes dipping sauce by mixing two spoonfuls of honey with one half spoonful of mustard. Sandwich Town makes dipping sauce by mixing four spoonfuls of honey with one spoonful of mustard. Which dipping sauce has a stronger mustar…
Investors Said No, Now What?
Investor spends two minutes writing the email, and then later hears that you’ve pivoted your entire company because of it. Right? Not a huge signal of, uh, conviction. [Music] Hello, this is Michael with Harj and Brad. Welcome to Inside the Group Partne…