Economic Update: Worsening Economic Inequality Yields Worsening Social Conditions

[EU S14 E33] Worsening Economic Inequality Yields Worsening Social Conditions On this week’s Economic Update, Professor Richard Wolff discusses Kate Pickett’s and Richard Wilkinson’s best-selling study in the book “The Spirit Level“ (2009), showing how economic inequality correlates with most of the major social problems of our time. We will juxtapose their latest paper “The Spirit Level at 15: The Enduring Impact of Inequality“ Which details how economic inequality has only gotten worse since the past fifteen years, despite government laws and programs aimed to “reduce“ inequality. Wilkinson and Pickett show how inequality leads to severe social ills, divisions, and disintegration. What we need is to face that it is capitalism that generates the inequality that generates the hostilities and social tensions intruding upon and damaging our lives.“ Important reading “The Spirit Level at 15: The Enduring Impact of Inequality: If you haven’t already, please subscribe to our channel, follow us on social media and of course be sure to sign up on our website: As always, we thank you for your attention, support, and solidarity. The d@w Team Economic Update with Richard D. Wolff is a Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: Or you can go to our website: Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can’t get anywhere else. We want to thank our devoted community of supporters who help make this show and the others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: Professor Wolff’s latest book “Understanding Capitalism“ is available now for purchase: