Well, if billionaires are talking about it…

There is a lot of talk about the rapidly widening economic gap between the very very wealthy and the rest of the population. It’s an important conversation and something that needs desperately to be addressed in my opinion. There’s lots of great stuff out there to be read on the subject. One of my favorites is this one from mid-2018 in The Atlantic. Another is this piece from, of all places, Mckinsey & Co, on the impact of the wealth gaps that exist among people of different races in the US. But we’ve reached a whole new level now… because billionaires are talking about.

Two interesting points of view. This interview from Marketwatch with Ray Dalio is interesting. I’m not much of a Ray Dalio fan for a variety of reasons, but he has become an interesting voice in the billionaire wilderness advocating for substantial changes to how the world economy, and capitalism in particular, treats everyone.

Perhaps more interesting though, is this interview with entrepreneur and investor Nick Hanauer. Nick has been flying the inequality flag for some time, but in this episode of The Ted Radio Hour, he speaks about how we begin to rewrite our contracts with each other and with capitalism to the benefit of all. It starts at the 40:15 mark (though this whole episode is great).

It’s my belief that the widening gap between those that have and those that don’t is one of the most challenging we face in the near future. And if billionaires are talking about it…

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