With pay gaps and the power of the 1% growing, economic inequality is a problem in modern society. Tax laws were put in place after the Great Depression to hinder economic inequality. Those tax laws were changed in the 1980s and the problem has grown since.
Global economist Dambisa Moyo talks about the other social problems that can arise from economic inequality. Moyo explains how the breakdown of social mobility has led to income inequality.
South Africa has one of the worst rates of economic inequality. The problem has led to a high rate of crime and the rise of private security firms. A health spy company has hired rural residents and giving them a chance to rise out of extreme poverty.
Credits: For Richer, For Poorer: The Dangers of Inequality
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What is the cost and risk of inequality? Part 1 features Bloomberg experts including Carl Riccadonna, Greg Elders, and Yelena Shulyatyeva from Bloomberg Intelligence. Part 2 features economist Dambisa Moyo. Part 3 examines inequality in South Africa and how one business is seeking to make a difference.
Length: 25 minutes
Copyright date: ©2016
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