Income Inequality and the Effects of Globalization - Learn Liberty
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Income inequality in America is a serious issue. People are worried about a widening gap between the rich and the poor in the United States. But is the global story the same? Learn more: http://bit.ly/1HVAtKP Professor Tyler Cowen tells how, globally, income inequality worldwide is on the decline. Thanks to globalization and free trade, the world is richer, and billions of people have escaped from poverty through the global economy. This is evidenced by the amazing growth of the economies in China and India. When we talk about income inequality in America, we mustn’t forget that, worldwide, globalization and free trade are the forces that have the potential to eliminate income inequality and bring billions out of poverty. SUBSCRIBE: http://bit.ly/1HVAtKP FOLLOW US: - Website: https://www.learnliberty.org/ - Facebook: https://www.facebook.com/LearnLiberty - Twitter: https://twitter.com/LearnLiberty - Google +: http://bit.ly/1hi66Zz LEARN MORE: -Does Inequality Matter? Exploring Poverty and Finding a Way Out (Program): Learn about income inequality and solutions to poverty with Learn Liberty. http://www.learnliberty.org/course_details/does-inequality-matter-exploring-poverty-and-finding-a-way-out/?utm_source=description&utm_medium=youtube&utm_content=academy%2015,%20Does%20Inequality%20Matter?,%20Annotation,%205/21/2015&utm_campaign=academy%2015 Income Inequality Is Not Rising Globally. It’s Falling. (Op Ed): Tyler Cowen explains how global income inequality is on the decline in the op ed for The New York Times. http://www.nytimes.com/2014/07/20/upshot/income-inequality-is-not-rising-globally-its-falling-.html?_r=1&abt=0002&abg=1 -What Wasn’t Said in “Wealth Inequality in America” (Video): Professor Steve Horwitz explains the sometimes misleading information about income inequality. https://www.youtube.com/watch?v=44LHBViTZI0 -I Do Not Care About Income or Wealth Inequality (Blog Post): Professor Don Boudreax explains, from an economic perspective, how trying to fix income inequality doesn’t address real problems of fairness and inequality. http://cafehayek.com/2013/05/i-do-not-care-about-income-or-wealth-differences.html -Does Inequality Matter? (Blog Post): Professor Matt Zwolinski explains, from a philosophical perspective, how trying to fix income inequality isn’t the best way to help the poor, http://bleedingheartlibertarians.com/2011/10/does-inequality-matter-2/ Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://bit.ly/1UleLbP
Comments
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Corporate propaganda👍🏽
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this channel is conservatism cancer to society
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How can we prove that these changes are due to free market forces?
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Good job.
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Learn Liberty is pro-globalization? My respect for them just went down somewhat.
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I'm gonna give you some pizza! :D
We can split a regular size pizza 50/50
Or
I take 99% of a pizza the size of the planet, leaving you 1%.
So what deal do you want? -
Wealth Equality + Freedom = Wealth Inequality
Wealth Inequality - Freedom = Wealth Equality
Freedom to save or spend as you choose, to work or play as you choose is what creates wealth inequality.
The old saying "3 generations from collar to collar". Blue collar children get white collar jobs, white collar children get socially mindful jobs, socially mindful children get blue collar jobs. And they cycle continues. Each generation has the FREEDOM to choose what they want to do, what they want to contribute. And the cycle, along with healthy capitalistic forces, keeps producing prosperity and happiness for the majority of people.
Not everyone is happy. you don't have a right to happiness. you have a right to PURSUE happiness. If you don't have it, go pursue it. -
Globalization is equaling everyone for underneath. We are turning the West in another communist China. We can not compete with products made by slave hands. The free market only works if there is a level playing field . Unequal countries can not compete honestly , the richest will impoverish to equal the level of the poorest. This is the Communism using the Capitalism.
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Too bad a lot of those jobs in the developing nations came at the cost of American jobs.
These so-called free trade agreements have gutted the American working / lower middle classes and shipped their jobs overseas. This has resulted in increasing "inequality" in the U.S.. We are by far the largest consumer market in the world, but we manufacture next to nothing anymore.
This is essentially a huge wealth redistribution scheme that is already having devastating effects on many American families, and it's only going to get worse.
If you thought NAFTA was bad just wait...the TPP (https://en.wikipedia.org/wiki/Trans-Pacific_Partnership) promises to be much, much worse..
Having the government intentionally trading away American jobs is detrimental to the cause of American Liberty.
Nice to see Learn Liberty seems to support this kind of treason. (I know that is a strong word, but intentionally undermining the financial well-being of your citizens is nothing short)
Unsubscribe... clicked. -
Can we get some references in those arguments?
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But der tryin take ar jerbs!
-every labour dumbass ever -
The only problem with income inequality are the people who complain about it and their supposed solutions for it.
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I love how people forget how we got to where we are and dont want the policies to continue.
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Government is the religion of the left.
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Absolutely true.
You assholes need to go Scandinavian: Socialist government, Free Trade Economy. -
Hmm I'm not too sure about the whole "Globalization" and "free trade" neither of which are beneficial to the sovereignty of countries and individuals. At least as far as they have been unfolding they seem to have had a negative effect on personal liberties overall. Perhaps if big money and big government were to get out of the way then I would be more in favor of it.
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Income inequality seems to me to be a red herring. The real issue to worry about is opportunity inequality. For example, if you work in the fast food industry and want to better your situation, do you have access to education or training, as long as you can afford it, or to put it another way, is something getting in your way of you bettering your situation, i.e. govt. regulations regarding starting your own business, growing a garden in your lawn, etc.
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Slaves have income equality.
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"The US Has shipped all our jobs overseas"... what do you expect when they're taxed into oblivion, forced to give more and more and more benefits, pay ridiculous minimum wages, and abide by unnecessary regulations?
Of COURSE they'll go overseas! -
The people complaining about growing inequality in the US don't really care about how well brown people in Africa are doing.
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