From media to manufacturing to medicine, technology is reshaping the face of more and more industries, marching them lock-step into an information economy. However, as author Jaron Lanier asks, if information is “free”, then who gets paid in an information economy? Lanier sits down with Steve Paikin to discuss how the rise of digital networks is leading to the demise of the middle class – and how we can stop it.
“The rise of right wing populism represents the failure of liberal and progressive politics,” says Harvard political philosopher Michael Sandel. He joins The Agenda to diagnose the failure of liberal politics, the decline of civic life, and what liberals need to know in the age of anger and populism.
<iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/Ca9uu36w_Vo” frameborder=”0″ allow=”accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture” allowfullscreen></iframe>45:36the references you make here goes to 30sand referencing cow you know the top 1%in the 30s versus today you know youshowed this that the top 1% in the 30sversus today you know top 1% incomeshare has the same amount as the bottom90% in the last time it was like that inthe authorities are you kind ofsuggesting that we may be facing whathappened in the 30s years or no yes I’msaying you so that is why I’m sayingthere are three major divisions okaythree major forces and that force whichi think i emphasized the opportunity gapnot just the wealth gap but they bothmatter if you look at history acrosscountries across timeframesand you say when there’s a large incomeand wealth gap and you have an economicdownturn you have a dangerous fight onyour hands you have a dangerous set ofcircumstances history has taught us thatyou said in April income inequality isthe biggest crisis we have in America on60 minutes and I think in recent acouple months ago you said wealthinequality those are the two main thingsthat we ought to become I’m not sayingan even more fundamental those are theoutcomes and even more fundamental isopportunity in quality and productioninequality because at the end of the dayjust like you said we have to find how47:05
Ben Hunt joins Michael Batnick and Downtown Josh Brown at The Compound to explain what he’s so angry about – he sees wealth inequality as being driven by hijacked narratives about capitalism, stock buybacks, central banks and the managerial overclass orchestrating it all.