Summary
In the video, the speaker discusses the debunking of the economic myth that growth benefits will naturally trickle down, emphasizing the proven false idea. They shed light on the escalating wealth gap globally, particularly in countries like China, India, and South Africa, and stress that growing inequality is a conscious policy decision. The harmful impacts of rising inequality on society as a whole are explored, advocating for a shift from divisive to distributive economies by focusing on redistributing wealth and controlling money creation. The video highlights the potential in the 21st century to embed distributive design at the core of economies for a more equitable future.
Doughnut Economics
Kate Raworth discusses 7 ways to think like a 21st-century economist.
The Myth of Trickle-Down Economics
Exploration of the economic myth that growth benefits will eventually trickle down, which is proven false.
Rising Inequality as a Policy Choice
Highlighting the increasing wealth gap globally, especially in countries like China, India, and South Africa, and emphasizing that rising inequality is a conscious policy choice.
Harmful Effects of Inequality
Discussion on how rising inequality harms society as a whole and the importance of addressing it.
Transition to Distributive Economies
Encouragement to move from divisive economies to distributive ones by focusing on redistributing wealth and controlling money creation.
Embedding Distributive Design in Economies
Opportunity in the 21st century to incorporate distributive design at the core of economies for a more equitable future.
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