Fascinating discussion. I really hope you both get the chance to do more of these
@toddbilleci8563
2 жыл бұрын
Outstanding, thank you.
@RWROW
2 жыл бұрын
Wondering if differently designed plans to encourage workers to save for retirement could provide an incentive to reduce pressure to reduce workers' wages since a well-designed plan might encourage enough investment.
@georgeokello8620
2 жыл бұрын
I would argue that will not change unless the country(especially USA) has to change investment structure of the market in order to appreciate the labor of workers and increase share of newer laborers to form small local nimble capital markets that smaller banks can service which provides a healthier return on investment and disperses productivity gains to workers. It will significantly mitigate excess hunger for global yield that tends to encourage dominant market actors in economies of scale to outcompete share of the market from local markets.
@jonathangilmore3193
10 ай бұрын
Matthew Klein is a less able and clear speaker than is Michael Pettit. Clarity is important, and public speaking anxiety, the tumbling of his diction and repetition impede the book’s essential messages. Unfortunately, the book’s authors seem not to understand the importance of a clear explication of the book’s principal economic/political messages, which are profound insights for national policy makers and the public.
@anthonynicoli
2 жыл бұрын
Interesting but you guys take a very long time to get to how to take action to help those suffering from these imbalances. A little less economic propeller spinning and a little more plain speak on how to fix the problem please!
@georgeokello8620
2 жыл бұрын
This was already explained in general especially at 42:00-45:00 mark and these solutions require leaders whom are willing to risk the old economic order for the sake of a youthful economic order. Unless your politician is a younger person whom does not have a great stake in consuming current asset returns as opposed to forward long term return on capital, then the more volatile solution is excess social unrest and perhaps revolution. The only countries that I am aware of that have these kinds of structures for making these kinds of policies are countries in the African block, some South American countries and some South Western Asian countries like Iraq whom do not have great concentration of capital assets and large trade imbalances along with heavy reliance on treasuries for managing debt servicing.
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