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
What if You Were Born in Space?
Hey, Vsauce. Michael here. How many people are in space right now? Dot com tells us that the answer is 6. Ever since the first person reached outer space 52 years ago, more than 500 humans have left Earth, and they’ve gone as far as the moon, an impressiv…
Jane Goodall's Inspiration | StarTalk
Back in the 1960s, Jane Goodall, with no formal training in science at the time. I mean, holding aside her four-year-old exploits. The fact is, in the real world, people look, well, what’s your resume? Where did you get your degrees in science? She had no…
Tesla : The Ponzi Factor
When we think about the stock market, we think about money, the finance industry, businesses, and making money from investing in successful businesses. The belief is investing in successful businesses is what leads to investment profits, and there’s a dir…
The Brightest Part of a Shadow is in the Middle
Where is the darkest part of a shadow? I mean, the obvious answer seems to be right in the middle. If you look closely at a shadow, as you move the object away from the wall, you notice that the shadow gets a bit fuzzy. So clearly, the edges are lighter. …
How I Made MILLIONS After Being FIRED | Shark Tank's Kevin O'Leary Ask Mr. Wonderful
You are going to meet people in your life you do not like. They may not like you. Doesn’t matter. If you have to decide, I’m going to pursue that path which is going to be really, really hard and difficult and take many, many years and be a great sacrific…
Differentiating using multiple rules: strategy | AP Calculus AB | Khan Academy
So I have two different expressions here that I want to take the derivative of, and what I want you to do is pause the video and think about how you would first approach taking the derivative of this expression and how that might be the same or different …