Episode 947: Some-of-the-Money Ball

Baseball is a winner-take-all career. There is a very small chance of making massive amounts of money. But more importantly, there is a very big chance of making almost no money. Some minor leaguers earn $8,000 dollars per year.

To have more chances at winning the baseball lottery, some players are deciding to get together and face the odds as a group. They are joining “income pools,” which could change the way baseball players, and lots of professionals, think about how we get paid.

Davos: A Family Reunion for the People who Broke the Modern World

For the past several decades, world leaders, CEOs, tech titans, billionaires, philanthropists, and celebrities have descended upon Davos, Switzerland with the goal of “improving the state of the world.” Anand Giridharadas, author of Winners Take All: The Elite Charade of Changing the World, says they are part of the problem.

Trade wasn’t working for everyone.

Dynamic scheduling, underpaid, contractors, fight minimum wage, more flexible labor, tax cults for the wealthy anti-inheritance taxes, evade existing taxes, rewards offshoring, expresses no loyalty to communities. (5 min)

I don’t think arsonist need to attend at a firefighter’s convention.

Poor people are very accessible. They want someone to bear witness. They don’t have publicists.

You can’t understand inequality without understanding rich people and the systems they use to justify themselves (10 min)

Today’s elites are among the most socially away, yet also predatory

I don’t think we have free markets, we have a capitalism of monopoly, and rent seeking

Jane Meyer’s Dark Money: how we got here.

Business didn’t have power (Nixon started the EPA) and worked to understand it. They used an alliance with evangelicals and philanthropy to build power.

History is life a mob boss: we can do this the easy way or we can do this the hard way.  It can go down like the civil war or women’s suffrage.

82% of new money was in the 1 percent’s hands.

It’s going to require many to become traitor’s to their class.  If Gates devoted as much to pushing an estate tax, he could have a bigger impact.

I think things are changing.  There aren’t going to be as many Goldman Sachs and McKinsey people in the next administration.

Anand Giridharadas: “Winners Take All: The Elite Charade of Changing the World” | Talks at Google

Anand Giridharadas, MSNBC analyst and Aspen Institute fellow, discusses his new book, “Winners Take All,” which explores the philanthropic practices of the global elite and argues that they reinforce social inequities rather than ameliorate them.

 

Google was slow to post this video.