Mark Blyth consistently has some of the best explanations for what's going on in economics and politics.
https://gem.cid.harvard.edu/files/gem2016/files/hall_blyth_berglof_gem17.pdf : the link to his slides. They helped me understand what he was trying to say a bit better!
This guy is pretty amazing. Wound up watching this other lecture by him in which he rightly predicts Trump's victory, amidst much other interesting analysis. I love his answer to the question "is there a social system that redistributes wealth fairly and promotes social cohesion?" He said, "Yea, it's called paying your taxes. And corporations and rich people aren't doing it."
I feel like I'm missing something here. I apologize if I'm walking in in the middle of a bigger discussion. I cursorily watched the video. I felt like I wasted my time when he did the mic drop at the end. It seems a bit obvious that we're screwed. It has seemed obvious for a while now. But giving the problem in such a long, drawn out fashion without a solution seems a bit fruitless. The wealth distribution problem has been the main platform for Bernie Sanders for a while now. And places like r/latestagecapitalism on reddit has the wealth distribution problem as their main issue. It's more about what can be done about it now that the problem has become so clear. Again, sorry if I'm missing something obvious here.I love his answer to the question "is there a social system that redistributes wealth fairly and promotes social cohesion?" He said, "Yea, it's called paying your taxes. And corporations and rich people aren't doing it."
I think I came across this one, but maybe not. If it's the one I'm thinking of, it's especially remarkable given that it's been given at a conference for hedge fund managers.