Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.

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Why some mathematicians argue the economy is designed to create a few super rich people – unless we stop it.
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I make documentaries on money, power, war, & crime.
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Gaps between countries have always existed, but as late as 1700, per capita income in the wealthiest part of the world (Western Europe) was only 2.5x that of the poorest reason at the time (Africa). In this sixth lecture in INET’s “Economics For People” series, Ha-Joon Chang looks at international inequality. About “Economics for People”: “It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – Ha-Joon Chang Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem. In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.
“It is extremely important for our democracy to function that ordinary citizens understand the key issues and basic theories of economics.” – Ha-Joon Chang
Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.
In the new series “Economics For People” from the Institute for New Economic Thinking (INET), University of Cambridge economist and bestselling author Ha-Joon Chang explains key concepts in economics, empowering anyone to hold their government, society, and economy accountable.
Chang is a renowned economist, specialising in development economics. He has served as a consultant to various UN agencies, the World Bank, the Asian Development Bank, the European Investment Bank, and Oxfam. His publications have enjoyed extensive commercial and academic success, with Kicking Away the Ladder winning the Gunnar Myrdal Prize. In 2013 Chang was listed as one of the top twenty world thinkers by Prospect magazine.
Chang is a renowned economist, specialising in development economics. He has served as a consultant to various UN agencies, the World Bank, the Asian Development Bank, the European Investment Bank, and Oxfam. His publications have enjoyed extensive commercial and academic success, with Kicking Away the Ladder winning the Gunnar Myrdal Prize. In 2013 Chang was listed as one of the top twenty world thinkers by Prospect magazine.
Free Trade Agreement
'Twas always like this, it's always been so But we tend to forget it and let it go Again for the masses, 'tis a great new show Their wits are now dim and their memories low ’Tis free for the rich, for the frail ’tis not fair If you count all the losses the weak has to bear It makes all the wishes of rich as lawful However nefarious, even so awful Which rulers are calling, a free trade agreement For public, it would be a painful resentment
According to that the rich will be free Free to wish and loot, and to any degree Oh the Covid, lockdowns, and all propaganda It seems that free trade was one in agenda But what proles can do to improve situation Take technical training, and cloud certification
2020 - A Poem
I'd like to throw an informative expression One's academic qualification is not one's profession
Please accept my sincerest apology But medicine is different from virology
Yeah, they're indeed related, I bet Just like a car and a carpet
Anyway, all this has little to do with either The matter, in fact, is related to neither
It’s been always about power and politics To cripple already impaired economics
Normal is normal, 'tis not what you’re told ’Tis neither new, nor something old
They used to say, fortune favours the bold Not any more, the selves are somewhat sold
Anyway, I gotta go; I've a vote to cast Like, from my mind, they've erased the past 'Tis only started, so just behold Many other farces you'll be told You would believe each to be truer The same Big Brother will be the brewer
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