Tuesday, April 22, 2014

Moyers And Krugman: "What The 1% Don't Want You To Know"

Bill Moyers interviewed Paul Krugman on the upcoming phase of income inequality, a discussion sparked by Thomas Piketty's new book, "Capital in the Twenty-First Century." Piketty, according to Krugman, has presented an expanded perspective on today's unprecedented inequality, one in which inherited, dynastic wealth will rise to the forefront. In this oligarchy, the sons and daughters of today's wealthy will continue to buy the political system to serve their interests. Krugman states, “What Piketty’s really done now is he said, ‘Even those of you who talk about the 1 percent, you don’t really get what’s going on.’ He’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth. We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.” Watch this illuminating interview:

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