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Springfield XD
Member since Feb 2013
1782 posts

TED Talk: "How economic inequality harms societies"

16 minute vid

Not saying it's totally invalid, but there's a lot of subjectivism used to support his premise. And of course, it makes the US look bad. Again not saying we aren't above reproach, but still.


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
58981 posts

re: TED Talk: "How economic inequality harms societies"
Here's the transcript:
Transcript for Richard Wilkinson: How economic inequality harms societies
quote:

This is social mobility. It's actually a measure of mobility based on income. Basically, it's asking: do rich fathers have rich sons and poor fathers have poor sons, or is there no relationship between the two? And at the more unequal end, fathers' income is much more important -- in the U.K., USA. And in Scandinavian countries, fathers' income is much less important. There's more social mobility. And as we like to say -- and I know there are a lot of Americans in the audience here -- if Americans want to live the American dream, they should go to Denmark.

(Laughter)

(Applause)




RCDfan1950
LSU Fan
United States
Member since Feb 2007
13454 posts

re: TED Talk: "How economic inequality harms societies"
I'll watch when I get the time, XD. Watched HBO's "Amercian Winter" last night. Hell, they had me ready to fall on my knees and go Obama-bot by the end.

This stuff goes deep. As deep as it gets, really.

Letting an individual experience the CONSEQUENCES of their personal choices is the very essence of giving them the opportunity of know themselves. And decide if they would like to be different, by altering problematic behavior. And by making a COMMITMENT to engage in that worth endeavor. One could call that 'being saved', and 'going to heaven'...but I won't go there. Now.



Springfield XD
Member since Feb 2013
1782 posts

re: TED Talk: "How economic inequality harms societies"
I found this link too:

LINK

Again, it's too subjective. He compares actual wealth inequality to what's perceived as "best." Worse yet, he doesn't define or quantify his numbers. Is wealth income or net worth? How many dollars makes you "poor?"

The growth of inequality is definitely a bad thing. But the question is has our Federal Government failed to stop it, or made it happen? For the most part, I believe they made it happen.


islandtiger
LSU Fan
Baton Rouge
Member since Sep 2012
1002 posts

re: TED Talk: "How economic inequality harms societies"
Off topic, but most of those TED talks are gems regardless of your political leanings. I only wish I could captivate an audience like most of the presenters. I will check out the lecture you have linked when I am at a computer (or via Hulu).


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Decatur
LSU Fan
Member since Mar 2007
18124 posts

re: TED Talk: "How economic inequality harms societies"
quote:

Not saying it's totally invalid, but there's a lot of subjectivism used to support his premise.


Seems rather data intensive to me

Anyhoo, I was actually watching the Tony Robbins TED talk just the other night. He was talking about how people always hold themselves back by saying (and I paraphrase) "I'm not good enough, not rich enough...if only I had more people on my side...if only I had..." and someone in the audience yelled "The Supreme Court!" Then the camera cuts to that guy.

It was Al Gore


M. A. Ryland
LSU Fan
silver spring, MD
Member since Dec 2005
1009 posts

re: TED Talk: "How economic inequality harms societies"
I question his fundamental premise.
You would expect that intelligent, talented, hard-working parents tend to have intelligent, talented, hard-working children. So there should be a correlation between the income level of the father and the son.
I suspect that the Scandinavian countries are much more demographically uniform. So the random component of the distribution in talent is more significant compared to the natural spread of the population.
Also, in America there are strong geographic income variations. People are paid more in NYC than Bunkie, but the cost of living is much higher in NYC than Bunkie.
Both places could be perfect meritocracies and still have very different "social mobility".


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32127 posts

re: TED Talk: "How economic inequality harms societies"
quote:

It was Al Gore


When it's that good you know it was planned.


Decatur
LSU Fan
Member since Mar 2007
18124 posts

re: TED Talk: "How economic inequality harms societies"
Didn't look planned

Watch for yourself at around the 5 min mark LINK


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32127 posts

re: TED Talk: "How economic inequality harms societies"
Robbins mentions a conversation they'd apparently had two days before about a minute later.


juice4lsu
LSU Fan
Member since Dec 2007
2968 posts

re: TED Talk: "How economic inequality harms societies"
This is an example of very well put together propaganda. So many other factors that are not being taken into account.

Most of the countries on the higher end of his "bad" countries actually are much more diverse as far as national origin and race.

He left out countries with larger income inequalities, many in Africa, where the pattern does not stay the same.

Far too many oversights to even begin to list them all.


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H-Town Tiger
Toledo Fan
Member since Nov 2003
43216 posts

re: TED Talk: "How economic inequality harms societies"
quote:

The growth of inequality is definitely a bad thing


Why?

Lets say you and I start with income of 50,000 for me, 100,000 for you. 10 years later your income increases 5 X to 500,000 and mine only doubles to 100,000. Am I worse off?

The whole idea that income inequality is bad is based on the idea that there is a finite amount of wealth. PJ O Rouke used the old pizza anaolgy.
But income doesn't work that way. Also these people fretting over income gaps or stagnating wages never seem to account for fact that middle class people live much better lives overall. That we can afford more and better stuff because real costs are generally lower.
Not to mention a lot of these studies are based on household income but don't consider the factor that household size has drastically changed.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25135 posts

re: TED Talk: "How economic inequality harms societies"
quote:

Lets say you and I start with income of 50,000 for me, 100,000 for you. 10 years later your income increases 5 X to 500,000 and mine only doubles to 100,000. Am I worse off?
THiS. Income inequality is a mathematically indeterminate measure. It tells you NOTHING about the relative wealth of either individual. It's not rooted in rationality. It's roots are in jealousy and envy.

Complete logic failure. But it works great on those that covet others' wealth and are jealous of others' success like a charm.

Propaganda is fun.



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uway
USA Fan
Member since Sep 2004
20847 posts

re: TED Talk: "How economic inequality harms societies"
quote:

I suspect that the Scandinavian countries are much more demographically uniform.


Yep. 5 million people, 90% of which are ethnically Danish.

Guess which U.S. state has the least amount of income inequality.....Utah.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25135 posts

re: TED Talk: "How economic inequality harms societies"
I wonder how many would care about "income inequality" if it could be accomplished by segregating the country by demographics or genocide of select ethnicities?

I sure wouldn't. I'll take our diversity in both ethnicity and income any day over the "solutions" to eliminate "income inequality"!


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