What the ‘Dual Economy’ Model for Developing Countries Reveals About Today’s America
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- Опубліковано 16 лип 2024
- MIT’s Professor Peter Temin, addressing the Institute’s economics of race conference, sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis. Access to education is the key to social mobility into the high-tech sector, but plutocratic public policy is choking off desperately needed investment in public education.
Credits: Matthew Kulvicki, Nick Alpha
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5:45 He's talking about Robert Mercer here. That's an important name to put in your inventory when thinking about the "investment theory of politics." Jane Mayer wrote thorough piece on his influence on American politics in the New Yorker.
Both political parties appear happy with the 1 percent getting it all. No difference any more.
Lower and middle class folks want more taxes on their income?
The Low-wage sector is Native American actually
Education segregation has replaced race segregation. Think about it.
For all those are in the farming part of his talk, pick up Mao ZeDong's "The red book", trust me you will need it later!
Complete bullshit graph on the first slide. You can't compare percentiles captured by groups across time if you don't define the groups as percentiles. The graph totally obscures that fewer people fall into the "middle class" according to his narrow definition, and more people are in his definition of "upper class". Of course the "upper class" is going to have a higher % capture if it magically gets more people. Sensible graphs show what happens at quintile boundaries, or averages for quintiles, not averages for bullshit moving targets.
finaly a decent presentation by an economic historian not talking about RACE JESUS CHRIST
The world is becoming more poor. EUA is a symbol of that.