Inequality - how wealth becomes power (1/3) | DW Documentary
HTML-код
- Опубликовано: 19 июн 2024
- Germany is one of the world’s richest countries, but inequality is on the rise. The wealthy are pulling ahead, while the poor are falling behind.
For the middle classes, work is no longer a means of advancement. Instead, they are struggling to maintain their position and status. Young people today have less disposable income than previous generations. This documentary explores the question of inequality in Germany, providing both background analysis and statistics. The filmmakers interview leading researchers and experts on the topic. And they accompany Christoph Gröner, one of Germany’s biggest real estate developers, as he goes about his work. "If you have great wealth, you can’t fritter it away through consumption. If you throw money out the window, it comes back in through the front door,” Gröner says. The real estate developer builds multi-family residential units in cities across Germany, sells condominium apartments, and is involved in planning projects that span entire districts. "Entrepreneurs are more powerful than politicians, because we’re more independent,” Gröner concludes. Leading researchers and experts on the topic of inequality also weigh in, including Nobel-prize winning economist Joseph Stiglitz, economist Thomas Piketty, and Brooke Harrington, who carried out extensive field research among investors from the ranks of the international financial elite. Branko Milanović, a former lead economist at the World Bank, says that globalization is playing a role in rising inequality. The losers of globalization are the lower-middle class of affluent countries like Germany. "These people are earning the same today as 20 years ago," Milanović notes. "Just like a century ago, humankind is standing at a crossroads. Will affluent countries allow rising equality to tear apart the fabric of society? Or will they resist this trend?”
Part 1: • Inequality - how wealt...
Part 2: • Rich and poor - the in...
Part 3: • Money and power - how ...
_______
DW Documentary gives you knowledge beyond the headlines. Watch high-class documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.
Subscribe to DW Documentary:
/ @dwdocumentary
For more documentaries visit:
www.dw.com/en/tv/docfilm/s-3610
Instagram
/ dwdocumentary
Facebook:
/ dw.stories
DW netiquette policy: www.dw.com/en/dws-netiquette-p...
Can't thank Germany enough for the content they are providing to the world free of cost every day. Thanks a ton guys
On.
If anything you are getting is free, then you are the product.
Free content ? DW is a taxpayer paid state TV station. So thank the taxpayers.
SAYS THE PROPAGANDA LICKER.
Well, it’s free for you :D As a German, I‘m paying for this content with my taxes. I don‘t mind that non-germans are watching as well, it‘s more the opposite. It‘s really interesting reading opinions by foreigners. Sometimes, I get a new and fresh perspective on topics :D
“Throw 250 out the window and it comes back right through the door”
*i wish I had that problem
🤣
Well I agree - the more money I made the faster I make even more. Its like they only give the really great deals to people who are already rich. Totally unfair but thats how it is.
Yeah, that's nonsense.
The thing is that the more money you have, the more risks you can take. Poor/normal people can't afford to play with their money, because if they fail once, they are usually fucked for a few years until they pay off the debt, or fucked for life.
Rich people can make money more easily because they can take 10x risks, and fail 9 times, but that 1 time they do succeed, they get their money back, and if they succeed 2/10, they might get some profit. If they succeed 3/10, they get even more profit, etc.
I always like to take this example: In World of Warcraft, there is an auction house for players to buy and sell goods. In my early years, I earned all my gold from crafting magical armor and potions. Eventually, I got rich enough to play in the auction house - buy low and sell high. I eventually earned myself millions of gold. The more gold I had, the higher my influence on the market because I could buy the entire stock of material and keep its price high - not necessarily to earn money with this material, but with the potions that can be produced with it.
That high amount of gold also allowed me to take more risks. Losing 250k gold wasn't really painful anymore, and the next bet had the chance to earn me that money back and more.
Eventually, I became the richest player in my realm - so rich that I even borrowed it to the top player groups so they can buy materials for their raids (fighting powerful bosses).
The gold I made in the game was sold for real $$$ through various websites to other players, and so I made about 10000€ in my entire world of warcraft career - until the developer introduced their own gold to sell to players in exchange for cash, they plummeted the gold price in the 'black marked' to dimensions where it wasn't worth it anymore to earn money with it, because of the high investment of time.
Good times as long it lasted. I was 17/18 at that time and earning money with gaming allowed me to live like a king XD
Anyway, I learned from this that the advantage of having a lot of money is that you can act more freely, take more risks, and invest in stuff with higher payouts. It opens the door to many projects that are simply not possible if you don't have enough cash.
However, you still need the experience and the 'sense' to know what is a 'cash cow' or a 'poor dog.' It doesn't matter how much money you have if you make one mistake after another, mismanaging your finances into debts.
It is easy to make large debts if you have lots of money.
Money will always gravitate towards those who are good with money
yeah. i noticed anytime i put money into other people's (well-dressed) pockets it tends to stay that way.
Money doesn't "trickle down", it clumps. Money attracts money.
Money does not trickle down ? How do you explain that today most of humanity is richer than 100 years ago ? How do you explain VAT taxes in state budgets where the middle class and the rich bring way more money in than working class and the poorer people ? Taxpayer state budget money that is redistributed mostly to the less fortunate in modern societies.
And check the % and amount of taxes you pay per month and the same an upper middle class person and rich person pays.
And when a rich person pays 3 million for a Bugatti Chiron the amount of money on the VAT tax is way higher than when you pay VAT tax for your car.
We're in the last amount of poverty.
Oh yes money does trickle down. You need to make yourself valuable if you want to move up. Think about it. If you don't value yourself enough to educate yourself with a skill set why should I find value in you and hire you at a high wage? Doesn't make sense. Life gives you what you put in. Sit on your ass everyday and put no effort into anything and that's exactly what you'll get in return. Nothing. And yes, being successful is hard that's why 90% of people are not successful, they give up the second it gets hard or uncertain. You gotta have balls.
What do you call “three generations from shirt sleeves to shirt sleeves.” It’s called trickle down.
German want try socialist again? 😂😂
"If I pay a guard so little that he can't live off his salary, then I've done something wrong as an employer." I wish we had more bosses like him in the US
Wish we had more of him in Germany!
he isn't earning that much though. i think that part was included to show the irony
@@mnmj 2000€ is okay, I know many people with a harder job that get paid less. To provide for a family your spouse would have to work at least part time though.
@@petermuller8512 EXACTLY WHAT I WANTED TO SAY
@@mnmj but he's earning enough to live on. A lot of employers in the US don't even pay a livable wage
That security guard is like the sweetest man I’ve ever seen. Truly a stand up guy.
He couldnt answer honestly otherwise he would have been fired.
Judging a book by its cover works both ways, let's be honest you have no idea what that guy does in his spare time..
whats a security card?
@@samuelj2408 a human
He's an actor he's not a fucking security guard, this video is all too perfect, the only rich guy works a lot and... He's bad? Because he's rich and makes inequality worse and the security guard is just a good guy who could have done more with his life, basically the opposite of the other one. I bet he isn't even a little rich
“It is evident that most people don’t know how money works, if they did there would be a revolution before tomorrow’s sunrise “. -HENRY FORD
Nine Tailed Fox He was referring to 2008 bank bailouts with taxpayer money. He was ahead of our time.
Remember those CEO worked 'smart' not hard as some smart-asses here suggest ;-)
That's what I keep saying. Most people are not interested in thinking too deeply about money. They simply accept the daily/weekly/monthly money-go-round as it's easy to understand (and easy to moan about)
@@radanv2535 Money? Gold is money my friend, nothing else.
laborers are the foundation of any economic structure , which means that they have more power than the elite's do and it also makes them richer than the elite's. "how can I say such things, what I say makes no sense at all" .........on the contrary ....it is the naive workers that make the currency worth anything at all............period , it is their willingness to exchange services for the currency. The "slaves" earning a "slaves wage" is the absolute bedrock of any .......ANY economy !!!!! Without that bedrock, the foundation of the whole "PONZI" scheme wouldn't have a chance in hell of not being crushed by its own weight. "Physical labor workers" have no clue how strong a force they are . enough said ? ;
According to this guy if a guard can live on the wages he pays him he has done his job. That's the attitude of all companies. Just pay the bare minimum so that the empployees don't starve.
Also - his private assisstant has only been there for a few months, his guard also, what's up with that? Big rotation amongst the workers, work burnout or something else?
Hope
A job is an opportunity to succeed... To many individuals run their personal cost of living to the maximum their credit allows so they result is broke. Whilst others "workers" invest in their lives via many different avenues of personal investment, resulting in financial growth... My view is as long as you have a job, you have an opportunity to succeed.... The rest spend their time complaining about inequality, instead of taking the first small steps at acquiring wealth by investing.... It's important at life to learn "life isn't fair, just a lot of hard work and careful financial planning". Good luck and stay positive!
@@brianburnssailorslife5383 🔥
@@daynagotuits your own bitterness and resentement of others accomplishments that's burning! It's going to 🔥 down the house! Inequality and equality are tools the enemies uses to start the 🔥! As long as I have a job, I have oppurtunity. Because I have hope! So take your anger and despair somewhere else.... it's not of God!
@@brianburnssailorslife5383 I was more like your comment is fire 🔥👌
A lot of people don't take into account a lot of luck to be this gentleman to be born to the right mother to be friends with the right guy in the construction company in order for you to invest in it and the list goes on ... Just like the documentary pointed out the security guard speaks multiple languages and has a couple of college degrees...
Although that may play into what he does to make his money, his father was a teacher, didn't mention his mother's occupation. Nothing crazy in any way. If he had programming friends he would have had a program type of company. He's driven and probably thrives on stress and challenges. Traditional Education level rarely plays into extreme earners, yet they constantly learn things. In regards to the door man, both the door man and the boss are wrong. It has nothing to do with his unrelated education, nor if he can live off of his wage. It is all based upon what they agree on together and what the market has valued a door man average wage to be. The door man also said he didn't want his life, other than the money of course lol. There's also a reason why wealth grows exponentially, once you cover your basic expenses you can at least potentially invest anything else, giving you more and more, to invest more and more, to get more and more, potentially infinitum
I thought SOCIALISM works for the poor?🤔
I agree. I have always felt its kind of crazy but when we are born, its like rolling a dice. If you arr born to very poor parents in a war torn county in Afrca or the Middle east, it doesnt matter how much you try to 'pick yourself up by the bootstraps', is callous and ignorant. I an thankful eveyday that i was born into a middle class family in a country with fairly peaceful society. But, these other humsns were not so lucky
@@audrabrandt9198 oh socialism works the poor alright.
@@jasoonmo Ohio go go
Nap a q VB B BFF g Bob v be N g b VB
DW you must get a Nobel Prize for such a stupendous work, all your documentaries are absolutely a work of humanity
Mental Note: don’t watch this before you go to your low paying/abusive job. It will mess up your day.
More like allow you to see reality as it really is
@@Wamsuo58u This seeks to promote socialism rather than the reasons why more Germans are not seeking to better themselves. One of the richest families in my country found their wealth through a single member who built an empire from scratch. In the process of building this empire he failed 7 times, so completely that he said he only had the clothes on his body and they even wanted that. Seven times he got up and started again.... and this is what is lacking in Germany. The people at the top have either personally had to face these risks or some family member before them has had to face these risks. Resentment will only make you poorer, as will doing the same job for the rest of your life. Your lack of ambition isn't your employer's fault, it is yours. It's all about the choices "you" make in life. Don't resent or blame others if your choices land you in financial hardships, the opportunity is there if you are willing to make the sacrifices.
@@garybaris139 Delusional. You sound like weasel who lives in an insular, privileged bubble that's never met somebody that works 10 hours a day in a soul destroying job for a pittance. If you HAVE met somebody like that, then your comment suggests you're living in denial.
@@garybaris139 in capitalism, anyone hard-working can make it to the top, but not everyone hard-working can. do you thing millionaires become millionaires because they wake up at 5am? the majority of the working class wakes up at 5am too. the difference is privilege, for example the privilege of even living in Germany. i refuse to say anyone is self-made if they are born in Germany. you sound like you never considered the global perspective and imperialism
@@kaelia1118, privilege is an excuse used by many to sit back and complain instead of doing what they need to do to attain that success. As I mentioned before, there are many examples of people who stood up out of absolute poverty and achieved success way beyond you and me. I'm content at not being super rich and that, more than anything else is the reason why I'm not. I don't need to be rich to be happy and content and I don't resent the rich because of the choices I make but to blame the system for my choices would be childish and immature...as is the story behind this documentary. Your assumptions about what I consider are just that, assumptions and are based on ignorance. The trend with people today is to shy away from taking responsibility for their actions or lack thereof and rather blame the results of their inaction on those who did take the actions required to achieve their goals. Remember that socialism has never yet succeeded for the simple reason that it removes incentive and along with it, technological advancement, infrastructure improvements and all the jobs associated with a progressive economy. Entrepreneurs take immense risks to achieve what they do and it is rare to find one that hasn't failed at least three times before achieving success. Are you prepared to take those risks? If not you have no right to complain about their success. If you are prepared to take those risks, why haven't you done so?
Owning forests? That's crazy. Just can't get my head around this. What a world we live in! 😬
him screaming at the crowd "how stupid are you?" does really not make him appear as the nice guy he is wanting to get across as...
I seriously don't get, what he intended to accomplish. He is walking this street with security, because he isn't safe there and then he proceeds to validate the inhabitants in every way possible.
he's a psycho obviously. creeped me out immediately. all rich guys think they are nice but they aren't.
@@truth135 He comes across as a psychopath to me as well.
That scene was pure Python! It would have been hilarious if it was satire! But, wow. 😯
On the other hand, an American businessman would smile at you and lie to your face.
Too many people believe they are 'Middle Class' when they are really with the class of Working Poor. 'Middle Class' is a feeling for the too many. Wealth is measured in numbers and proven on financial statements.
Middle class income salary is $100000aud - $200000aud gross salary in Australia
classes are a spook.
80,000 dollars in New York is nothing, especially if you add a couple of kids...
@@inferno7181 true
The rich invented " Middle Class " to give the poor something to aim for . The poor are there to remind the middle class how shit life can be if they don't keep focused on money . Therefore the 1% keep everything running along smoothly by keeping the rest of us as wage slaves .
Less than 30 seconds in, and this dude spits the facts about excessive wealth: it's impossible to spend it.
100 Videos And No Subscribers But he did it with lies. He actually said you can’t destroy money by consuming unless the translator got it wrong. Consuming is exactly the way to destroy money, investing would seem to be the way to extend it. The three examples he gave to support his assertion were buying cars gold and real estate. Only collectible cars appreciate, and he knows the difference because he couldn’t always afford one and wasn’t riding in a particularly collectible one shortly after he said it. Cold and real estate are also investments with fluctuating values. I think his ego is such that he confuses having never lost for being unable to lose.
DistriktA Truth is absolute, perception is relative. That’s the distinction he’s trying to blur. And everyone no matter how rich or how poor has to buy food don’t we?
Just ask lottery winners 😂😂
@@REGjr old comment chain but how could you really lose money when you're _extremely_ rich?
If you buy cars, clothes, houses, jets... people respect you more and you get better connections. If you invest, you earn interest. If you give money away, you're a saint and you get attention and power. Even if you pile it up and make a bonfire, you're legendary. That's what the Escobars did at parties.
100 Videos And No Subscribers It’s been so long since I watched this video I’m no longer 100% sure what we’re disagreeing about or if we even are. What I was trying to say is any amount of money can and will be depleted, and what looks impossible to spend is actually maintenance/growth of the fortune at either the same rate or one that outpaces spending. When you look at some of the great industrial fortunes made in the United States during the industrial revolution it’s important to keep in mind those were accumulated before there was an income tax, and that taxes (and other spending) have diminished those fortunes in subsequent generations in the absence of the individuals who first built them. Without a level of stewardship that is almost never seen it isn’t impossible to spend any amount of wealth, it’s actually all but inevitable. I think I read it’s the Japanese who have a saying “from shirtsleeves to shirtsleeves in three generations”.
Within the same generation if wealth were actually impossible to spend/destroy how then to explain people going broke? It’s possible to make any argument here and I suppose one can say oh well fortunes are destroyed when people steal them… but that’s just a transfer of ownership. Connections and respect don’t pay the bills, but I do think the guy in this video had some superiority complex that caused him to want to perpetuate the notion his relationship to money is fundamentally different (entitlement). He absolutely wants people to think he has so much money he’s untouchable, but that’s probably more a function of only sleeping three or four hours a night (if I remember correctly from the video). Believe what you want I’m just pointing out that the guy doesn’t need any help masturbating his ego.... he’s definitely fishing for people who’ll validate his entitlement for him. The title of the video is something about how wealth becomes power and I dare say a considerable part of that is this very type of misinformation/disinformation-the bewildered herd complicit in mythologizing it’s own oppressors. Goes hand in hand with almost everybody wanting to tax “the rich“ and almost nobody agreeing on what amount defines said rich....which matters less anyway in nations where we have all manner of other taxation beyond that simply on employment income.
Thank you so much for using voiceovers when there is a different language being spoken. I love to watch these all day with my phone away so I’m grateful I can understand all the content while being away from the screen. It is also great to have this accessibility for people who need it. Thanks again!
Thanks for watching and taking the time to comment, Aidan! We're glad you find our documentaries helpful. :-)
As always DW provides the best thought provoking documentaries and I'm very grateful for this kind of content. It always makes me think about my life and the life of others, diving into questions about the value of life, the value of gold and diamonds, what it means to be rich and what it means to be poor, perspectives, are we truly all created equal, on some level a human being can overcome these differences if he searches deep enough but not everyone in today's modern age has that kind of strength because life's pressures have broken their spirits. I wish i was rich, had money but my kind of rich might not be the same as your kind of rich...And what about shared values or quality of life
Thanks @Rudi Botha for watching and taking the time to comment, we're glad you like our content.
🎯
Rudi Botha I think DW should do a documentary on wealth distribution in California.
Being poor is the worst thing that could happen to a person nothing is as disturbing as being at the bottom of everything.
I agree somewhat w/that sentiment, Gandhi said the worst act of violence against people is poverty. HOWEVER, I think greed is equally menacing to ones life as well, it's life predicated on sustained material wealth, which has nothing to do w/happiness.
you have no idea what the worst thing is if you think its being poor ahahhahahahahaha
Poor health is the worst. Even the elites cannot escape it, yet. Just look at that bastard Steve Jobs - all that money couldn't save him.
Mental health issues make your life miserable no matter how much you own. They make you lonely in a very desperate way just like addictions do. I think you can have a pretty decent life on low income if your self esteem is in condition and you have no addictions whatsoever. Then you are able to control your behavior for your own good vs self destructiveness, that often leads to a poor handling of money.
Steve Jobs is a thief and backstabbed his friends (esp Wozniak) to make it that far. To consumers and laymen he appears to be some level-headed genius. Half of these people don't even realize Jobs is just a businessman, and mistake him for some genius inventor. To workers he was an arrogant asshole. For all his successes you should read the times he screwed Apple with dead-end hopeless products everyone was against. Arrogance killed him in the end, he had the snobbish hipsterrific belief in alternative medicine for his sickness so he festered it until it became too terminal that modern medicine could not rescue him.
"My company doesn't pay me to sit behind a steering wheel"
*Spends time running up stairs for shits and giggles
And he has a human standing by and pushing the stopwatch button for him. He needs an audience.
hhhhhhhhhhhh fuck this life
I'm so glad I wasn't the only one who noticed the irony of that scene
I mean exercise is probably whats keeping him alive with how much he is sleeping
In fairness, running upstairs IS good exercise.
I love Germany for their intelligence and honesty, this film was great at highlighting the housing problems. Thank you DW.
What about the fact that they burned people alive in the past?😢
@@AndrewKoff and what country are you from?
@@mauricelibotte3027 from Russia, and from the USSR
I am really shocked at this documentary. I always believed Germany to be extremely democratic and moderately equal with a smaller difference between rich and poor. I stand corrected.
It is always a matter of degree.
Very racist people. Trump is from there. or his pimp grandfather was at least. Though he pretended to have Swedish ancestry for some reason.
Vat tax & excise taxes is socialism policy... Germany more socialist today not capitalist why you struggle to live blame government
@@nejuw He pretended to have Swedish ancestry to distance himself from his German heritage when there was anti-German sentiment after World War 2 in America. I believe their original family name was Drumpf?
Germany is capitalist. It does have a much smaller difference between rich and poor then the US or the UK (look up gini index by country), mostly because revolution and the threat form labor was stronger in Germany so more concessions had to be made, and its position visa vi the cold war ment the US invested heavaly (the Dawes plan).
However as the cold war ended, and labour has been degraded in strength, the intrinsic tendency for capitalism to concentrate wealth and power is once again pushing that gini index up.
These documentaries are extremely thought provoking, insightful and perceptive. Many thanks.
But shallow and deceptive. The rent, and renting houses, is THE big slavery ever existed. The same is valid for the house purchased by bank's loans.Ask the rotten political oxbridge morons, why they taxed rent income with 10-15% tax bracket, but the salary income- with 35-40-45%? BECAUSE all the political scum own property, shares, and cheat taxes by offshores. Actually- the rich NEVER pay ANY taxes- if they are smart- AND THEY ARE... very smart. And they have the money to hide their money, and to cheat the system. Look here -"Treasure Islands: Tax Havens and the Men who Stole the World", Nicholas Shaxson, the book will open some eyes.
How can someone own a forest, trace their family wealth back almost 1000 years, and not consider themselves truly rich?? (He stated this in another video)... That is the definition of being out of touch with reality.
What other video is he in? I cant seem to find anything about him.
@@alexanderh8377 Don't know if we're thinking about the same video, but I happen to have just watched this other DW documentary about wealthy germans where the same guy appears and says that he's not rich: ruclips.net/video/NXaVLXSZdEw/видео.html
(I put a timestamp to the relevant part, but he's present throughout and regardless it's a very good documentary and you should watch it all)
The thing is, while his family is historically wealthy, that's not so much the case today: his job is to manage the wealth and estates of people far richer than him. He also says that you're only "really" rich after 100 million euros. So basically, I'd say that he works with people who are so much richer than him that he feels middle class in comparison.
Rich is a relative term. In the eyes of others I might be considered well off, but personally I think there is a long way to go. So... subjective.
Alexander George
There is a story behind a life story, a story that no ending
Personally being rich is having enough, have good health and character, provide for your family, love your wife and kids, and create opportunities for others. In addition to your primary work, have other intellectual pursuits, give thanks for what you have, and be content.
extremely well said
I'm sorry, but it sounds like you have less than you would like. You are saying this to make yourself feel better.
I'm reminded of a quote I heard from Jordan Peterson: "Once you have enough money to stave off misery, extra money doesn't make you feel better."
@@gregnixon1296 May be, but what he said is what it is. And, I know it.
The problem is that works until you get thrown an inevitable curveball. In America you'll find out how unequal things are when middle class person gets laid off and dosent have the same ease the upper class or wealthy have. When it's realized thier child has special needs or a learning disability. When someone gets sick and they don't have adequate or any healthcare. When there's a macro crisis like in 2008 or 2020. When their parent loses their ability to care for themselves. When they get a divorce. In America you can believe your comfortably middle class only until life stops bieng simple.
When my son was about 11 years old he entered a Jaycee Relay Race. He’d never ran track before and didn’t know everybody wore shorts. He came in jeans, to everyone’s amusement. He ran the last leg for his team - and came away the fastest runner of the day, and made up considerable distance to win. This video made me think of that day. How I wish I had been able to see it, instead of only hear and read about it. I was a single mom and had to work. My son was an amazing athlete. ❤️
"The miracle of America is that 90% of everyone thinks they are middle class."
- Louis Rukeyser, WALL STREET WEEK
There is much bigger middle class in USA per capita tho
Not exactly. It is more like they think they are millionaires that are "temporarily" in embarrassed circumstances.
Powerful statement
@@etbuch4873 million dollars of debt doesn't make you a millionaire
"Middle class" is a statistical function that will have as many above it as below it. Divide the population in thirds or quintiles. This connotes nothing about the actual living circumstances that that this third or fifth actually finds themselves in. It's not as cool as it used to be.
Have I finally found a news outlet with TRUE journalistic integrity? In the 21st century? NO WAY. Thank you DW for staying true
Hi SDPRZ, thank you very much! We´re working on it, every day. Stay tuned & enjoy!
You mean the integrity that made them completely gloss over what is really behind these changes that took place in the last 10 years? I.e. the insanely low interest rates sold to naive masses as the way to save them from the financial crash of 2008? They mentioned it once and completely out of context. Socialist countries have the biggest private debt levels and low interest rates are part of that game. That's integrity alright.
Great documentary! Eye opening and giving a macro perspective from insiders both from top and down of social strata.
I don't understand this video. They're literally comparing the security guard with a high level skilled educated business man. Makes no sense..... It's stupid to be honest
This is the same thing that is happening in the US. The disparity between the wealthy and the middle class is great. Salaries do not increase to keep up with the costs of living - especially housing market. I fear it gets worse before it gets better.
Italy too...
I live in Fort Collins, Colorado and the story of housing/real estate in this documentary could have been us verbatim. All the new housing that gets built is priced through the roof, and rent just goes up for average people. We get pushed out and replaced by people with more money.
I have a Master's degree and I don't know how I'm not homeless in this country. Capitalism is a disgrace!!!!
@@lisabaughn It's globalism actually... In the western countries, it's almost the same situation.
@@ermesscaccabrozzi6814 The problem certainly is global, if I'm correct in what you meant.
@@lisabaughn you got that right.
Come to India you would see real inequality.
Or pretty much any 3rd-world country.
The should go to the Congo. See the children miners.
@@shauncameron8390 bankers are the devils
@@Wamsuo58u LoL. As they say, give a man a gun & he will rob a man. Give a man a bank & he will rob the world
Inequality is relative to your location, thats obviously stated.
Thank u DW especially Gruner for his experience and story
thank you for the insightful video. it's unfortunate to find out about the wealth disparity between the people, and it exists all over the world. i hope that the middle and lower class's situation improves.
Reporter: "would you like to have a house with a pool?"
Me: "what would be the point of having that if I don't have the time to enjoy it"?
I have a house with a pool, and the time to enjoy it. Just work 30 hours a week, because I choose to earn less and have something precious: free time
Some people enjoy working
For goodness sake, how many times in a month do you want to be in your pool?? 🤣🤣🤣 It's not like people with pools are out here swimming in it everyday unless you're training for the olympics .
@@Nokss87 i confirm that
@@Nokss87 I have a house with a pool and I haven't swam in it for 3 years🤣
The documentaries coming from DW are some of the best in the world. Thank you for sharing for free on RUclips as otherwise I would have never found them.
Hi root, your compliment is much appreciated! Please spread the word & stay tuned!
This documentary should be called, Opportunity- How hard work creates Wealth.
Brain dead.
The guy in this documentary is not brain dead. In fact he is one smart cookie.
He's a psycopath, a human failure. He thinks he's some kind of God. Any idiot with capital can leverage it to make profits. It's not hard to do.
I am really enjoying this channel. You are so unbiased, it is incredibly refreshing to consume content and being allowed to formulate our own opinions.
I'm from the US and it's terrible that I don't feel like many of these things are abnormal. Vast inequality is the accepted mindset here.
Very good high quality journalism you are doing in most of the documentaries! There are fewer and fewer documentaries that try to be objective which is frustrating. Really like your way of presenting and I am looking forward to see more videos from you guys!
Dominik Gadecki. Might it not be the case that a documentary such as this one, taking the socially progressive stand it does, is feigning an appeal to millions of leftward-leaning German workers (particularly those whose families were made paupers by the annexation of the DDR/East Germany) and perhaps also to the progressive business interests of Russia, with whom the German business élite is looking forward to forming a political alliance? When one sees political truth from the capitalist establishment, caution is in order. The construction worker Clauss actually believes that he's part of the German middle class, so deceived are German workers these days by the corporatist media. What really frightens the German establishment is the prospect that German workers will begin to see themselves as part of the working class of Germany. Or even, God forbid!, part of the international working class!
This documentary had the conclusion before they researched. They wanted to show the investor and inheritance class is the problem. The reality is it is government and the professors that want to take resources (money) from other people without doing any work for it. This documentary is really scary and will ultimately lead to hyperinflation and WWIII. People need free land to start their empire. However, many move to apartments in the city as it is a better place to accumulate wealth, despite the rent they pay. For this reason I give this documentary a 0, as it ultimately results in war and violence.
^ quite idiotic conclusion , great docu truth about the situation needs to be wide spread and discussed
in Sweden, one single family officially owns 40% of the entire country - and inoffically 80%. if you're born a Wallenberg, no court in the world will ever disturb you.
Which family?
@Kira It says right there in the post of @The Passion of Anna: Wallenberg
@@reabetsweimanmoabi7911 duh Wallenberg, its written there
It’s funny, when they showed a rough area of Berlin and that teenager with the anarchist jacket and red mohawk is exactly what I would have pictured lol
Gröner humbles himself by not driving to save company time and work from the moving car, but then the very next scene he uses an employee to do nothing else but to run a stopwatch to time his showoff staircase climb.
probably did that for the camera, but still... what a f**** pig
As a brazilian, i read "inequality in Germany" and start to laugh lol
Daniel B. Gontijo same
Né
But is it really "inequality" in Brazil or is everyone just poor? Because that's a big difference…
@@gu3sswh075 No, theres a lot of veeery rich people in Brazil too. Its pretty much like France in 18th century with its royals (the elite), the borgeois (the middle class who thinks they are elite 🤦♀️), the poor and the miserables. Except here there's no revolution in course and i think it never will :(
As Indian i did same
First generation self made rich is always fascinating smart hard workers.. but maintaining it for next generations maybe not that easy..
Just diversify and have a mix of high yield returns, really conservative 'backups', and a lot of 'real assets' like homes, businesses, goods, and you'll be fine even in a 'crash'. Who knows how much you might lose during 2008, but you try and make up for that during the bubble/boom-times, and you never lose everything if you have those backups/reserves. You always have a few million/billion to fall back on if literally everything goes sour.
Nothing worthwhile is short and easy. You want easy? Visit the communities living on welfare and unemployment benefits. Visit any political party rally where people give their precious time in exchange for hours of empty promises.
@@macioluko9484 "You want easy? Visit the communities living on welfare and unemployment benefits." That's not an easy life by any means. Is it easy to be helplessly stuck at a place and barely meeting ends? It is tragic.
You make it sound as if they are rich high school kids having a pool party every night. If it is so fun then why isn't everyone quitting their jobs to be like them?
Of course politician, celebrity, etc are all jobs that is about "mass appeal" not any talent (unless you count duping people into supporting you as a talent) so they can be said to be easy. Nepotism makes life easy for some people. Inheriting a ton of wealth makes life easy for some.
But sure, according to you the real fun is surviving on benefits.
Only a dumb indian would say that. No such thing as self made rich, the only way anybody ever got rich was by persuading/forcing others to give him their money. And because the world is full of suckers, there are will always be people to take advantage.
Depends on what’s the source of wealth, above a certain level it’s almost impossible to waste completely. Paris Hilton....need I say more?
Finding this channel is a blessing.
Thanks so much.
I’m a newcomer to DW Documentary: first-class productions.
While others seem very satisfied with the documentary, I do feel that it focused more on just real estate, rather than the other true aspects of inequality essentially focusing on Inequality, wealth inheritance, etc.
Good attempt, great economists and sociologists but it only managed to scratch the tip of the iceberg.
Still for me who lives in Germany is very privileged..waay better than any europe and balkan country for sure..we call it a paradise so perspective is also needed here
if you started a documentary about race inequality in germany.... oh boi :) there would plenty of material you shouldnt actually broadcast
Yes, inaccurate title
The self-made real-estate entrepreneur from Leipzig makes the point, "If I don't pay my door guard enough to live, I have failed." Take that to the state level, and we see that the system has failed. Increasingly people are not able to live even if they work hard and have earned what used to be enough. But they don't notice it, like the toad that's being poached in lukewarm water imperceptibly getting hotter.
I up
But that's the thing, we DO notice it
@@ecclairmayo4153 So does the toad. We just aren't enough people to start a riot. Not yet...
@@ecclairmayo4153 Doesnt matter if you notice, what matters is if you act or not. The Yellow Vest movement was based on outrageous robberies that the members have been noticing for a while but the fuel tax was the boiling point.
no chance in euk they will keep you down at every possible chance of you making a gain in your life.
the best part of this is that the exact same documentaries exist in other languages too.. this is amazing to learn a new lanuage. I absolutely love the content.. It was hard to find a chanel that really had quality full docus (lots have) but most are just not intresting
People like this guy will always gain more power until there are millions of people celebrating his power and dreaming to become like him, completely misunderstanding what keeps these guys afloat.
Really enjoyed this video. I think it is very interesting insight into the mentality of the super-wealthy. I don't consider the entrepreneur to be a villain, but I also don't think he really has the time, or perhaps also the inclination, to stop and thoroughly consider his impact on society. His world is making more money for his company, and that seems to define his ethics and his perspective. I think in order for him to be able to adequately comprehend the matter, he would probably have to retire from his profession and take up studies in economics and sociology.
Hi @darylkizer,
Thanks for watching and taking the time to share your thoughts on the documentary.
Best,
The DW Documentary Team
He has more comprehension in the matter than two economics and sociology graduates put together.
@@joshuavalencia1 lier
@@joshuavalencia1 No, he has a one-sided view of both economics and sociology; that is he understands how to use some of that information for the benefit of himself and either lacks the ability or willingness to understand the local and global costs to his decisions. Dynastic wealth degrades democracies, aristocracies kill innovation.
The middle class is more important to global well being than any king or CEO. Societies and humanity prosper only under a meritocracy and the delusion that already having money or inheriting money somehow confers merit is a modern delusion. It doesn't. The difference between an already rich person's bad idea and a poor person's bad idea is that the rich person can *force* the market and the public to absorb the failure. The wealthy can, and do, fail upwards.
He lacks empathy. That is the problem with virtually everyone who has the power/influence to do something about it.
Thank you for the great and unbiased journalism. Please don't take it down after a month.
Yeah Trump and all the other rich inheritors (the vast majority of wealth) sacrificed so much when he received his first million from his pappy.
I'll Clean this Interviewers car for a while see he gives me a house with a pool.
'Unbiased'? they literally pick agreeing comments and only give thumps up to them.
Even their 'Thump' is bias.
@@OpiumBride you're right, there's people I know working over 100 hours a week overtime, 16 hour days, long shifts, always in work... Meanwhile I'm like you, earn less and live life more because you're only young once and once the time has gone it will never come back
@Long Duk Dong You have no idea what context is, you just like picking cherries. I don't debate with someone so small minded.
i was look for this kind of documentries im glad i found this channel never knew this existed!!
I am in completely love with DW Documentaries.
Hi @Dhiraj sharma, thanks for watching and for your positive feedback! Glad you like our content and we appreciate your support. Where are you watching from? 🙂
@@DWDocumentary Indian, living and working here in Essen, Germany.
Hi @Dhiraj sharma, greetings to you in Essen from us in Berlin! 🙂
Exceptional quality work in these documentaries. Sadly for us in the UK they are streets ahead of the BBC these days.
BBC is know for their great nature and such documentaries. Both do a great job.
The production value of this mini-series is amazing! Amazing work DW!
So Glad to have discovered this Channel, I enjoy every minute of watching your documentaries. Thank you so much for this free and quality content
Thank you for watching and taking the time to comment! We’re glad you like our content.
I feel motivated to work hard...l keep watching this documentary over and over... Much respect to Mr Christoph kruner
2:19 The question is: "what does my company pay me for?" Not for sitting behind a steering wheel.
But for running up the stairs.
He owns the company & can pay himself whatever he likes 🤫
I thought exactly the same thing!
If he drove and run the stairs, he would spend more time than if he does not drive and just run the stairs which is an investment in health and energy. Those two don't compare. He can't pay someone to run for him or to be healthy for him, that he has to do. But he can pay for a driver.
@@FifalianaFR same thought.
what's wrong with working during a commute and having some fun at the job when you are outside? dude seems to be having a good time all in all.
“If the sons of Adam had a valley full of gold, he would like to have two valleys, for nothing fills his mouth except dust (when he is buried)”
No Doubt Quran was True
@@mianmuhammadabdullah3394 Its a hadith.
Much respect to DW from Kenya,Kisumu.
I am impressed by the work you do, journalists of DW. My dream is to contribute to this work, but much work i \s ahead. Seriously, not much of journalism is so brave(sic!) to be against the current situation, which, I believe, opresses all of us. Thanks for your work!
Ok
The fact that housing became such a huge commodity that everyone with any money is using it as investment is one of the real kickers for society overall . Everyone deserves to have affordable housing so they can have some stability to build their lives from and because its all getting snatched up and hoarded by the rich in a land grab is not going to end well. How much can house prices and rent keep going up year on year while salaries have been stagnant for decades.
Very simplistic analysis. Salaries are proportional to the value created by an individual. Whatever may be that perceived value. Also, no one deserves anything just because they exist. There is no logical explanation to that kind of thinking, just an emotional one.
@@rhitamsanyal Simplistic analysis.......ok buddy whatever you say. You seem like someone who is obviously on the side that is "winning" financially from rampant inequality. I'm glad you're happy the world is such a screwed up place , where many people have to waste all their time and energy getting into huge debts and paying them off just to live a simple life instead of having stability to be able to cultivate their minds and become better people. There's more than enough money in the world to make sure everyone can have a comfortable life but we wouldn't be human i suppose if we didn't have massive amounts of greed now would we.
I don't think I want to be a person that doesn't have an emotional reaction when seeing enormous poverty on one side and rampant wealth accumulation on the other and believe that's ok .I expect us to evolve and use our high intelligence to make the world better for everyone.
@@VI5H "You seem like someone who is obviously on the side that is "winning"
"
another simplistic analysis without even knowing me.
I am not on anyone's side. There are always winners and losers.
That is the reality of life. Always has been. As for debt, it
is always a choice. No one is forcing anyone to take on debt.
You talk about greed and yet have no problem being greedy when
you you suggest that since there is enough money in the world,
I must have some of it. Is that not greed? Enormous poverty is
a result of not enough opportunity for people to lift themselves
out of poverty which can only be done as a result of someone else
(a business owner) to be greedy enough to give them a job so
that they can make a profit of off it. And if the govt has a role
to play to do that, then I have nothing against that. But simply
to redistribute wealth just because it exists doesn't make any sense.
@@rhitamsanyal What is this "simplistic analysis" bullshit. You seem determined on being a condescending asshole without actually making any worthy arguments. The world is how it is and "There are always winners and losers" is a simplistic argument .Those aren't even clever answers, anyone with half a brain and no intellectual curiosity to understand further will always spout that nonsense to explain inequality , but nothing you've said does anything to explain why there needs to be such massive inequality. Who does it benefit to have such massive inequality. See I can be a condescending asshole on the internet too.
It takes deeper understanding of global issues to know what has been happening in the last few decades is beyond "natural inequality", but is a concerted effort by people with power to accelerate their wealth accumulation beyond "natural" means.
The mega rich have been manipulating government regulations, tax systems and financial markets around the world over several decades to ensure more money flows into their pockets, for doing nothing except taking down the barrier that prevented them from getting exponentially rich. They've turned trickle down economics into a flowing stream upwards. It's a pure power , asset and land grab with no regards to economic stability, because ultimately they will win and 99% of the rest of the world will lose if there is a massive economic collapse.
It's the difference between having well regulated capitalism and crony corrupt capitalism without regulations and over several decades we've gone from the former to the latter and subsequently accelerated inequality.
It's the difference between having a world where everyone can afford to take a loan to buy a home VS most people can't afford to own a home, while the rich few are buying , entire blocks of land, yachts and multiple million dollar properties around the world, paying less taxes and hoarding their wealth and assets in hidden offshore accounts.
@@rhitamsanyal Also just to put it in more simplistic terms for you.....
As far as I am concerned ,there's 3 types of people who say , "the world is how it is , there's always winners and losers", when it comes to discussing how to make things better for everyone.
1) People who don't care to understand or want to think about how the world can be a better place, because it hurts their brains.
2) People who are in rich and powerful positions that benefit the most from the current system.
3) People who are dreaming of being the people in 2.
"I own this forest".... Nature like " Yeah right xD, for a short period of time", like a fly owns your bread when you're going to the bathroom xD
the best comment I've ever read. thank you.
Yeah, the forest doesn't know about it.
I was like "look an ape thinks he owns the land, what a delusional self aggrandising idea of him".
You need to born with a special kind of greed to belive that you own something that were there long before even your "noble family" was conceived and will be there long after you decayed to dust with all of your descendant for good.
These type of ppl completelly lack the grand perspective of eons, just because they are some kind of "significant shit" amongst the members of their species they suddenly think they are something in context of nature and they can claim part of it as their own. Well, I'd bet nature will own every single atom of this guy and will build something else from it (presumably something more worthy) in less than 300 years from now, a time which is a blink of an eye for a forest, unimaginably long for a tiny human.
Well, he could always cut it down if its his truly...but lets hope it dosnt...at least he has the kind of greed for beauty and not avarice
I take it that none of you folk own your homes... of course not, the bank does....lol
Self made is a misnomer.
Few people make millions of dollars without employees, making money off the backs of others.
DW is the news channel I love the most in Germany. Inequality is huge in Germany, millions work hard for very low wages. Even so, Germans and Immigrants in this country are 100% dedicated to their job. It’s a bit sad.
I love these documentaries so much!
"You can't destroy money by consuming it"
-Rappers:
-Sports stars:
-Movie stars:
"Hold my Cristal, Hennessy and tray of coke"
They didn’t destroy it through consuming they destroyed it through debt
They probably get sponsored to say the brand names so they profit off if it
Pennies. His company is worth $33 billion.
Lol your comment was an epic fail
no. they already pay someone in their entourage to hold that.
Great video, thank you for the continued high quality content
When looking at income and wealth it's very important to take age into account. Never compare a 25 year old to a 55 year old.
DW these documentaries are so informative
Yet based on lies. Germany simply isn't the country with the most inequality compared to other industrialised nations. Perhaps the chances of climbing the social ladder are more confined, but that's a different thing. I hate how little nuance there is in this piece of trash journalism.
I love when they ask the 1% what they think about wealth inequality, everyone squirms in the same language
You know you're dealing with old money when the guy from medieval wealth says you get a wench to pull the dead deer
DW a wonderful documentary.
DW documentary are awesome
7:15 "- Will he be able to ever afford a house with a pool? - Of course not, he doesn't want that" Food for thought
Boris Posavec I think his mentality is that if he wanted it, he’d have worked hard for it.
@@Jamjar-iu3ji exactly. He went to school for 14 years and is working as a guard. He doesn't want a house with a pool.
@@MarshasJourney everyone goes to school for 14 years in most European countries, It is the minimum years of compulsory schooling
But he said he DOES want a pool (in Greece).
Great advice on the type of employee to get
I think he loves it. you catch that smile from time to time
Very nice documentary
Your documentaries are "German quality". I have confidence in the information you provide and that it has been well researched. Thanks very much.
It's funded by german state (still independent), they have a very high standard of journalism.
This is happening EVERYWHERE! I left NYC 26 years ago. I could not afford to live decently.there now. Every major American city.
Facts! There is no where to run!
@@bruderschweigen6889 Why are you so racist?
@@bruderschweigen6889 have you wondered why you encountered those people you hate in Colorado after leaving California? Because supremacists like you who are fearing some people from another race are taking over are right. You will continue with that ignorance thinking those you hate will forever wallow below your level, but a time is coming when you will be pushed in their position as they scale the ladder to pass you. Being racist is a waste of space on this earth.
@@bruderschweigen6889 what is the point of that
Good to hear. Poor jackasses like you should be kept out of a city. NYC belongs to royals and rich only.
I can see the issue talked in this documentary right here in the comments section.. Instead of being moved by the facts shown here, everyone just wants to thank the channel for making this. Obviously we're thanking them by watching, subscribing and liking the video. This documentary should've had comments that are of fire, inspiration and a feeling to fight due to inequality. Yet most people are completely outside it because they either dont have the capacity, or they're already so defeated.
They are bots .....
30:28 truly precious words sir. That's why you won the noble prize.
The worker will always be the sucker. Been there myself . Worked insane hard loooong hours in an abusive inviroement for 8 years once and i learned that braking your back for a stingy exploitative Shylock wont get you any perks or golden nest eggs.
I should have subscribed sooner. When I was still watching cable tv, I used to watch DW but when I stopped using cable I have forgotten about you. I love your documentaries. It’s great to have you back.
In the 1950s, a typical CEO in America made 20 times the salary of his or her average worker. in 2018 the CEO pay at an S&P 500 Index firm was about 361 times more than the average worker. Is this really the sign of a fair society?! Seems feudalism is making a comeback pretty soon if the same trend continues.
What do you mean by "is making"?
Feudalism always existed, and always will. Consider Jeff Bezos. His products help government more than anything.
I wouldn't mind if a CEO is 361 times richer than their employees. The problem is the employee should have a good enough wage to have a nice standard of living, not working their bones off to only get minimum payment.
Progressive Wisdom they also do about 361 times more than the average worker. You
forget the average worker is 9-5 doing menial, repetitive, or low impact work. CEOs work even when they go back home. Every choice they make every word they say could make or lose the company thousands to millions of dollars. They have to constantly network and constantly be in meetings. They don’t have the luxury of having their phone being blown up and ignoring it. Checking emails takes you like 10 minutes? Ha, try a whole day. Imagine working under high stress your entire life, literally having wealth equal to or greater than many states in America affected by what you do. And not only that but have a company that big and you directly have great effect over many peoples lives. You mess up once by doing something like oversleeping and you may possible fuck the entire world, or at least very big communities.
Well doesnt carw if u win 500 times more that your employees.
The fact is having a reasonable income
I'm impressed with how the salary inside the middle class is close, industrial worker, social worker, civil engineer and medical specialist. If I'm not mistaken German minimal wage is approximately 1k euros.
In Brazil, minimal is 1.2k reais, a civil engineer makes about 4+ minimal wages and a medical specialist at least 8.
Part of it is due to our tax system. The more you earn the more taxes you have to pay. For high income its 42% taxes.
This is also happening in the US, although we have to pay for our own expensive healthcare & daycare etc, even a % cut in pay to take benefits to pay for the week or 2 of vacation if you even get one. They'll "offer" benefits but you ultimately pay for them yourself.
The way this boss talks let's you know just how much he's forgotten his roots. He may have started from nothing, but he sure as hell can't remember that.
Doesn't matter, I'm sure he didn't work this hard to be weighed down by memories of poverty lmao. People find any reason to complain about a successful person.
Christoph Groner shouldn't be the center of this debate but the broken system which allows people like him take advantage of it. Is he a criminal? No. Is he rich? Yes. So rich that his real estate business is building delusional properties that does not serve the current population. Just the fact that the government allows him to do this is ridiculous.
@@viktorijakarakulko949 Its called "Capitalism". You're more than welcome to not take part.
The replies show that humanity WAS designed to be a slave race. No doubt.
@@Sali-yw1rd Debt, ultimately, is a choice. Period. The universe cares not about your survival.
This is not only in Germany...it is everywhere! It is a global issue!
Exactly. In London, Vancouver, etc, etc, its damn near impossible to afford a flat, apartment, or townhome near the city. Professionals that traditionally pay well are usually not enough. Now you have to be wealthy to play the real estate game. This excellent documentary reinforces how poor we will remain, lol.
Well we'll likely get the last laugh. I'm 95% sure there's some sort of bubble brewing. When it blows up (Like they always do) then the super wealthy can be upended.
I have a feeling that only middle class will be hit... again...
I have lived in Spain and the UK as well...now in Germany...I come from Poland...
In the UK was a very low standard and very expensive. In Spain, it was better to rent from a German - it was a bit cheaper...
Now in Germany it is also very expensive.
Generally...living cost everywhere is so high that you are basically a slave :D
2050 there will be 9.7 billion on earth , everyone needs a space to live.
One of the best channels on YT
really good documentary show us the how the wealth gap is wider
I love the attitude of the guard. The honesty in his replies is amazing 🙂
What most of the people seem to forget, is that there is a difference between working hard and working smart. there is a saying that if hard work was all you needed to be rich, then physical labor workers would be the richest people. The other thing is responsibility and risk taking. The security guard makes a mistake, something might happen or not, probably might not affect anyone badly. If he is fired, he can look for a new job. The CEO makes a small mistake, that could mean that all of his employees will need to find new jobs the next day and and he has to start over from nothing. with so many people losing their jobs can ruin the economy of a city if the company is big enough.
Responsibility and value is what gets you paid a lot, second is risks you are willing to take.
95% of the people are just not willing to take such risks, time investments, and responsibility. THIS is the reason why the difference between the rich and middle class is so huge. Even in this documentary it says that the rich guy started from the bottom, doing simple construction jobs. But he was willing to risk it all by starting his own company and try and survive. His company did and now its huge.
I don't see the inequality. Everyone has opportunities in life that they could use to get to a better place. Want better things in life? Learn, improve yourself and work for it, that means taking risks and dealing with failures.
I agree with this, for progression in life. but most people box them selves in being afraid of risk or not willing step out of there comfort zone a factor of fear, not confident in them selves, or don't have constitution handle huge responsibility. But comes down too how hard do you want it.. but your right everyone does have opportunity and choices they make.
Maybe, when you're starting from the bottom and have your own company. This is not the way most 'CEO' make it. It's through politics within 'da big company' itself, and if he makes 'small' mistake that all of his employees will need to find a new job next day, so what? He has his golden parachute ready ;-)
CEO's are but 'agents' and are there to manage the business for the owners, rather than to make themselves rich and fat.
It's time to realise that agency agreement no longer works as intended i.e. spirit is gone.
The problem I have is with rentereer capitalists who set prices so high people are barely able to afford anything beyond the essentials, they are forced to hand over everything and left with nothing at the end of it. You might assume these people are 'low skilled' but even doctors, nurses have to live like this in the big cities, working 50/60hrs every week, all year, and if they get fired? Well they aren't able to accumulate capital doing those things, despite how important their role is to society (no one can deny the importance of doctors,farmers, etc.) If you can't accumulate capital then you're trapped in a cycle that you can't escape from until you're dead or homeless.
@Michael Fox Everyone can acquire capitals, especially middle class. The difference is how much risk you are willing to take. Are you willing to quit your job to work for something that would not work or not sell? Sell your house and car? Cut some "essentials" that are luxury for less affluent people? Apply to VC that would probably not even read your application? Attend fairs that would mostly get you nowhere?
An example is dentists. I know dentists who quit hospitals to start their own cliniques, and earned huge money. They needed no capital beyond their own maintanance, until their cliniques started to profit. Of course, they could have failed and start to have financial problems. That is the risk they were taking.
A lot of middle class people value stability over wealth, and you generally work a lot harder and under more stress as an entrepreneur. So everyone has his own choice.
Meh. I am a big capitalist and generally agree. But, if a flat costs $500k and median wages are $25-$30k, I see a problem at the foundation of the system. Not sustainable.
Life is made for the rich to stay rich and the ones struggling to keep struggling.
Wasnt the rich guy son of a teacher? He is self made. This being said do I think that security guard should have earned a bit more, yes, but should he earn as much as ceo or the owner, my answer will be no. If workers are paid well above some local average (maybe not the case here) ceo has every right to earn any amount he wants.
I live in Canada and I am not sure about rates of security guards now, but 3k canadian dollars that security guard makes in the video is above average Canadian salary BEFORE tax (30k average canadian yearly salary).
That’s completely false lmao.
Excelent documentary
Holyshit!! I can't keep up with the level of high quality in-depth documentary DW produces.
Hi Eddie N, tell your friends and share the burden...Thanks a lot, we appreciate your compliment!
I totally agree!
DW Documentary Sure. Actually I just referred to my sister just short while ago. Thanks again for bringing such insightful contents.
@@DWDocumentary Thats also good doc theme right there😃graat
I always get excited when I see a new DW documentary posted and this did not disappoint. Thank you for making quality content. The widening wealth gap is evident in every major city today. You presented a balanced view of the subject.
Good one!
Putting your money in the right place, at the right time and in the right things is not an easy thing. It may not be physical work, but it takes a lot of mental fortitude and strong gut instincts to do... I wouldn't write it off as not doing real work.
great documentary! it feels there is much more that could be told, yet it it is zipped perfectly! respect DW!
Really love DW Documentary, the right social topics I interested, the English language without accent, even the background music is better, I mean compare with other American/British doc.In one word -- REFRESHING. The best of it is that they uploaded onto youtube to share for free. Thank you DW
The narrator has an English accent
Well this isn't an American or British Documentary. It's German. The narrator's accent is British, while the translations are American
The answer lies in being thankful; while working hard to attain what is needed, by using whatever one has... The Tenth Commandment is crucial: Do not want what one sees others have... Envy is more than being jealous; it includes destroying/harming/spoiling that which one cannot attain.
The love of money; the lust of the eye, flesh and pride of life; this above most of all loving God, and loving others as oneself; herein lies the root of evil.