People tend to forget that in largely unequal societies you start to fear getting mugged, robbed, etc. People with money have to spend a lot on security. Alarms, body guards, etc.. and any staff you may have people start becoming suspicious of. Plus, the pool of potential "friends" or "peers" is highly reduced and has a big impact on quality of life. No one lives in a bubble. The environment around you makes a huge difference in quality of life.
Inequality doesn't matter when you can easily feed your family, have housing, and are protected from losing your source of income. I wouldn’t mind if there are any trillionaires will be present in this situation.
@ But you see, that's the trap. Economic inequality brings another set of problems. The power goes to those with the most wealth. And very likely what is important to you will not be important to those with the power. This is why democracy and limiting the level of inequality is important. To balance power and influence over society. You've stated that you don't mind living in an unequal society as long as the things important to you are there. What assurances would you have that those things won't be taken from you in this environment. I'm with you there. I absolutely don't care if someone is super wealthy. It's not important to me. What they do with their wealth is. From my POV the best thing a superwealthy person can do is just live a life of leisure and spend it all out. Stay away from pet projects and politics. Even those with the best of intentions can have very bad consequences.
@@midiminion6580 Money = power. You think the one who has all the money in the world would not want to be able to straight up control the outcomes of elections and what not. Billionaires are emperors. They run the world.
@@midiminion6580 absolute total bull crap, you can have a poor ass country where everyone is equally poor (equality) and crime is rampant *checks notes* let's say some of the south american ones. You can also have a very unequally country like Singapore with a vert robust rule of law. Why would a pool of friends be reduced, why would it have an impact on quality of life? Why would an unequal environment have a negative impact on your life if you are a successful one? YOU ARE NOT THE SOCIETY YOU ARE A INDIVIDUAL! YOUR LIFE DOES NOT BELONG TO THE STATE! YOU DO NOT OWE NO ONE NOTHING!
@@yashpatel261 Power is power - all people who have power always have money, the state as apex of power is literally printing money, but not all who has money has power. I'm from Ukraine and the most powerful people here are nationalists, hardy the most afluent but the most disciplined,organized and bloodthirsty. Another example is how president Zelensky put the his former mentor and oligarch Ihor Kolomoyskyi in jail and the richest man in Ukraine Rinat Akhmetov has to walk on the eggshells or be nationalized. Power is violence, if you are capable of violence you have power.
In the US, inequality is a deliberate feature, not a bug. Inequality is the point. It's the driving force of our culture and society. It's both the carrot and the stick. Our political economy is designed to ensure, maintain and amplify inequality.
Unfortunately settlers from Europe brought with them the idea that some people have more worth than others and thus deserve to survive at those "others" expense. They just switched what determined worth from bloodline to merit (which Andres has another video showing is no different than feudalism). Feudalism, capitalism communism....all different forms of PREDATION. This will continue until humans collectively recognize predation is a limited limbic system response that traps us in our evolutionary past. We Humans have a prefrontal cortex that provides us other options to survive beyond predation. We just haven't learned to USE it for this enough yet. Sweden, Finland, Canada (mostly Quebec) and Denmark all seem to be catching on to Nurturing as a strategy. The US....unfortunately is still locked into the ugly strategy of domination and predation. The consequences of which are about to produce a bigger storm than any hurricane or tornado....
If you use the word equitable in any conversation with more than five people present a fight will break out. In the US the poor are under the firm delusion than any minute they are going to get a phone call from Hollywood or invent an amazing product or produce a viral video that will make them millionaires. They vote for the rediculous orange🤡 because they believe that he knows some magic solution because he has more money than they do. It is sad.
@@bbhalstead This has to be one of the most absurdly capitalist indoctrinated responses I have ever seen. Someone's purpose in life is... providing a service to a market? A "market" that is established to respond to capital demands (i.e. ruling class desires for control over increased capital accumulation)? Just curious what marketable service did Jesus provided and is his existence completely without purpose because he didn't provide a 'marketable service'? Good grief. Are you that utterly fascist that you think the developing world doesn't provide marketable goods and services? FFS. Stop licking boots.
Your content is CRIMINALLY under rated, sometimes the algorithm really doesn't get things right. I tried to reach out to you on Patreon, but please message me because I would love to work together in the future if you would be interested.
So glad someone is recognizing this man that can help! Algorithm, please pick up The Market Exit so that we’ll keep getting more content, this stuff is so good!
Thank you, I appreciate your kind comment! Congrats on your channel, impressive. It would be fun to work together. I didn't get any message on Patreon, but I emailed you on your sponsor-email-address, it'd be fun to chat!
Really thank you for making a shoutout to this channel. Ive been binge watching it since yesterday and it is amazing. The topics are interesting and the information well presented
Wow! What a mystery. A guy trying to dismantle the lies of oligarchical dystopia, of the burgeoning Dictatorial International is not promoted by the algorithm of Google - owned RUclips? Why might that be? 😂
Living in Ireland, I get so tired of constantly hearing about just how well the economy is doing (last year we had a 10B euro budget surplus) -- yet that does not seem to contribute to a meaningful improvement in our day-to-day lives. Housing is more expensive and (ever more difficult to find) year after year, grocery and entertainment cost rise so fast, and no new infrastructure is built and no new services are added.
That's really interesting, thanks for sharing. I've been thinking about making an essay about Ireland ever since reading Nicholas Shaxson's fantastic book 'The Finance Curse' which dedicates a chapter to the so-called "Celtic Tiger". To me, Ireland seems like an extreme example of a country prioritizing esoteric growth metrics instead of improving the actual quality of life for... well actual people. If I want to learn more about this and what you're describing, what should I read? Please feel free to elaborate on your experiences here or via email if you're comfortable. I'm keen to learn more.
Realistically the figures for Ireland are entirely removed from the experience of the average punter in Ireland. Ireland is essentially a tax haven for huge corporations and Ireland pretty much just collects this money and the multinationals are off the hook in terms of any problems with tax compliance, they are clear. Now you would think that this would still benefit the Irish but it doesn't. Ireland's GDP figures are artificially inflated but because the country has a high GDP per capita they are required to contribute more to the EU collective funding. Also, Ireland is a puppet state of international organisations and has been since the funding program around 2010. So while Ireland has a lot of money flowing into it and the politicians speak up about this, they act out the demands of the internationalists by following all their orders and refusing any capital investment in the likes of housing or improving the transport links.
Thank you for an excellent video. I live in Sweden and can attest to what you say. I make a lot less money than my sibblings, but there are 3 things that more than make up the difference. The first is health care, which is free. This reduces worry. The second is support for parents, including very low cost day care, parental leave and a monthly check for families with children. This makes it easier to support children. Finally, higher education is free, and this means that I don't have to pay a fortune for my son's education. Taken together these things make life better for the great majority.
I've been looking for this type of concentrated information about how many problems are at least related with inequality. I'm from Mexico where that's a big issue. Thank you for your labour at Market Exit, you're doing a great job
I’m American born and raised and you highlighted a lot of problems I see in Southern California and America at large. Just like anywhere access to a good life is so dependent on the zip code one grew up in because of access to good schools, good food, level of crime etc. We need the brightest and smartest minds to invest in solving these problems in society and not pursuing private equity, another great video of yours by the way! America is cutthroat place that could use a little more equality!
I would suggest looking to history for some examples of where levels of inequality have been reduced, then possibly analysis of exactly how that inequality was reduced the effects on wider society and not just the policies that were implemented but the narrative around how they were introduced. This may be a good starting point. I believe there are a lot of examples post the last war of multiple nations that became more equal than could be researched.
Interesting bc in my area of the US the poorer zip codes actually get more per child to educate bc the state taxes the local communities and redistributes the money to the poor locations. Unfortunately it has done nothing to improve outcomes. It all comes back to the same thing. Just like money doesn’t necessarily improve happiness it also doesn’t improve education. It all has to do with the deliberate breakdown of the family and creating dependency on the state. The poorer communities have a much higher rate of children being born out of wedlock with fathers who aren’t involved in raising the family. This creates a single mother who is dependent on the state. Ultimately bc she is single and has a child at a young age she is poorly educated and can’t get a well paying job. It then creates a viscous cycle. The politicians don’t want to change it bc it creates votes and power. It is very difficult to compare the US to Europe bc many of the European countries are still very homogeneous. The challenges can be seen in Denmark and Sweden by their reversal on immigration. This does not mean that immigration is bad it means along with its benefits it brings its challenges. In a town close by me of 80,000 people there are upwards of 50 different languages. How do you educate and finance that?
@@Rob-me8vp so if more money doesn't result in better outcomes in education why are the best performing schools world wide almost without exception expending the most money? Would reducing expenditure per pupil in the areas in your state that are classed as poor areas improve or worsen education performance or outcomes ? If you consider reducing the budget would improve those outcomes could you explain why specifically? Could you please give us the details of the state and area you're referencing so we can lookup the data to make a comparison? Many thanks.
@@philipnorthfieldif it was about money the US would be outperforming every other country by far bc the US spends more money per pupil than any other country. If you look at the PISA test results the Asian countries score highest. Why is that? Are they spending more money? Or is it as a culture they value education more as a society and they also have the lowest rate of single parent households. The correlation bw highest PISA scores and lowest single parent households is quite stark. If you have two parents overseeing the education of a child they will perform better. The US has the highest rate of single parent households in the developed world so we throw money at our education system to make up the difference. I would bet my house and retirement savings that the highest performing areas in the US also have the lowest levels of single parent households. You can see this just by looking at the demographic groups in the US. Rank the demographic group by rate of single parent household and you will see which demographic performs the best. Yes again it is the Asians.
And we're way more to the neoliberal side than is good for anyone. Even those who are rich are miserable yet will ruin everyone else's lives to get more wealth, this is purely evil.
God you people are so absurd it amazes me. There is no "good balance" between freedom and tyranny. There is no "Goldilocks Zone" where being only partially enslaved will make you happy. These people are actually succeeding in convincing you to give up more of your rights with the promise you'll be happier for it...and YOU ARE BUYING IT.
Beyond the injustice of inequality, the underlying issue that people should consider is that inequality will come knocking at your door. The days of living well on a working person's salary have disappeared because the very few people/entities who hold most of the wealth want more and more of it, and so they take it (think of the housing crisis driven by private equity firms). By supporting what is good for the most at risk, we support what is good for everyone. That also includes not only class but race and gender.
No - what the world needs more of is intelligent, independent thinkers who don't buy into this nonsense that you should give up even more of your freedom in order to be happier. I am amazed at how you eat up this nonsense.
@@johnnynick9115 Yeah we shouldn't give our freedom to see more drug abuse, teen pregnancies, and homicides, like especially if it prevents much richer people than you and me to buy a second yach
@@johnnynick9115 Exactly. Everybody knows that inequality causes problems in wealthy countries. Inequality makes people hustle, struggle thus unhappy and short lived. At lower levels of income they have a room to grow economically. So there is reward. They only have to catch up to the more developed. At higher levels the reward is smaller and distributed more unevenly. The growth of a wealthy country comes from a much-much lower proportion of their population. We can artificially redistribute wealth to increase happiness. But it is a trade off. The smaller the batch of people who drive the progress, the bigger the negative impact on economy. Inequality is a trade-off. The video speaks about the problems it causes, but does not speak about the benefits. Most of these far left think tanks think wealth grows on trees, and every wealthy person is a criminal.
@@tarhelytarhely5662 Inequality does NOT cause problems - anywhere. There is NOTHING WRONG with inequality, unless you are referring to equality *under the law.* That is the ONLY form of equality that is good. Every time you strive to force humans to be equal you impose FORCE on one group in an attempt to benefit another group. That is ALWAYS immoral. Humans are not all the same. Humans will never be all the same. Trying to force humans to all be the same is ineffective, immoral, and imbecilic.
@@johnnynick6179No. It is not always immoral. We force equality when we force children into schools, ban child labor, let everyone use roads, for example. This has nothing to do with equality under the law. It has something to do with better productivity through community services and individual rights. The author of the video takes the stance, that forcing more equality is an absolute good. You take the opposite. Both of you are incorrect. It is a trade-off. Two of you make a good pair though.
Greetings from Colombia, one of the most unequals countries in the world, here and engineer could make between 1.000 to 2.000 USD a month. Keep the great, work you have a new suscriber.
I dunno man, that tends to be a blessing in disguise down the line. I'd rather this channel just grow organically on the merit of it's content. Way stronger too, when it manages that without winning the attention lottery. Agree on the sentiment though. Definitely deserves being known more.
You’re doing such a great job including actual research not just opinion. I hope you feel like it’s worth your time. Bringing knowledge with nuance to people (who are constantly bombarded with “black and white” statements, oversimplified analysis, emotionalised language, correlation dressed up as causation.. is really helpful for all of us. Please keep going 🙏
This is a really useful reference. Some inequality is inevitable, 2 example reasons: - people make bad lifestyle choices - there is a lifetime pattern so the me now has more wealth than when I first joined the workforce. However the socially disasterous inequality is hereditry wealth and power and the corresponding divergence of opportunity.
Fantastic work and insight!! I think only an “outsider” can ‘see’ the perspective and call it out the way you did. Once in the swamp, you’re just too close to get such perspective. Thank you!
Such an insightful video, Andres! Your storytelling skills and these attractive graphics make the viewer hooked in so well! This inequality is so visible in my home country, Hungary. If you roamed around the center of Budapest, you would get an impression of a wealthy society. Yet, given the past years of massive inflation, people are not living better, especially as rent and other living costs not equal Western European levels. And while our GDP per capita is nowhere near Sweden's or even Spain's, there's always the sentiment that public money could be allocated to sectors that could ensure the improvement of society, especially lower classes.
The funny thing is that I believe most people realize deep down, intuitively, that inequality creates social problems. But for reasons probably having to do with ideology, history, psychology (which you obviously know a lot more about than me), most of us constantly play down inequality concerns. There is obviously so much more that could be said about this topic, the problem is that it's a difficult topic to talk about without losing people's attention. Thanks Johan for your patient and kind support!
You did a great job with those visualizations! Yes, people realize, but they've been fed the idea that there's nothing you can do about it. And they want to beleive we're on the right path. When Lance Armstrong was found guilty of doping, people still supported him and disregarded the facts. They wanted to beleive...
This is however, a double edged sword. When you punish those who drive the economy, you stifle innovation. I believe wealth taxes must definitely exist, but how you define the policies around them makes or breaks everything.
@@carlosjosejimenezbermudez9255it actually doesn't stifle innovation. Some of the most authoritarian (even against the rich) countries had high innovation. This is because most innovation originates from the state or public level. Wealth has little to do with innovation because the method by which innovation is attained is usually bad for wealth generation.
@@carlosjosejimenezbermudez9255@carlosjosejimenezbermudez9255 eggs being sky high has nothing to do with innovation. The monopolization of industries and price fixing has nothing to do with innovation. Neither does extreme inflation. it's just illegal
Just found your channel and delved into your topics with passion. Love your objective view on modern life. Hope that your channel rises like a shinning star !
This is somesthing I've never seen on the internet!!!! Great Research. Now I'm interested in where the break-even point/sweet spot would be in society.
This is good content, what I’ve learnt on RUclips is many people are not interested in educational videos that speak truth but they love videos with fallacies and false hope.
Hey Andres, just a suggestion: try to optimize the first 30 seconds of the video related to the title/thumbnail. It will definitely help increase viewership. Also, thanks for the project file. Are there more project files available? I'm open to paying for them or joining Patreon as well
Thanks, Ron! Yes, I have tons of project files. Maybe I should start sharing them on Patreon, I just didn't think anyone would be interested in them ;) I appreciate your suggestion about the first 30 seconds. If you can, please elaborate a bit on what you mean. Feel free to drop me a message at hello@andresacevedo.com 🙏🙏
Oh that’s a very good point that after certain threshold economic growth it does not translate to quality of life. That reminds me of a study from a few years ago (don’t remember which country it was made in) but it showed that after earning certain amount it would stop translating into more happiness.
The solutions are: strong anti-monopoly laws, more strict wealth taxes, remove loopholes on tax credits and deductions, more encouragement for competition and entrepreneurship.
You don't encourage entrepreneurs by threatening them with higher taxes. True monopolies only exist when government creates them. No evil monopoly ever existed without government help Freedom from government intervention is the only way to eliminate poverty and undeserved imbalances in any economy.
I went to a presentation held at Auckland University (NZ) by Kate and Richard about 10 years ago, after reading their books. It was excellent, but despite the wealth of information regarding relative inequality very little has been done especially in the west. This I suspect is primarily due to the fact it is not in the politicians interests to act, as they are largely beholden to the rich for financial support and to maintain power.
Just discovered your channel and it’s really remarkable work. Wonderful contribution to make these discussions reach deeper. I appreciate your book recommendations and sources
Thanks again for a thoughtful, prescient video. Here in New Zealand, inequality has grown since the reforms of the 80s, to the point where the cost of living has spiraled out of control, house prices,rents, food, extremely hard for the poor, even the middle class are struggling. All attributable to successive govt policy, who is pulling the strings?
Excellent video, the statistics are really sobering! The most frustrating argument I see in support of inequality is - "well, those 1% have EARNED their enormous wealth, and we shouldn't take it from them just like you wouldn't want things taken from you". However, even if we grant this argument, we can always ask "well, what are the effects?" For instance, if private property is precious, then people buying automatic weapons should be no problem, even if they buy them to start shooting randomly and killing people left and right - they have EARNED the right to those rifles, and we shouldn't take them away from them, regardless of what they are doing with them. Or take a factory for instance - an owner of a factory can spill out poison waiste in water that children drink, because he did EARN the right to that factory and how he uses it and who gets hurt is not as important. Of course, the part that is left out is that this part of "earning" the right to something is not according to some law of nature, but according to laws that we made up - we can make up other laws, we can completely change them, because really "earning" is a social convention - no one earns the right to someone else's life because we, as a society, say so, while some older societies did think it was possible to earn the right over someone elses life. Same goes with natural resources, or companies, or money - we can DECIDE that some of those things are off limits for ownership, regardless of any merit.
Your videos are simply amazing. Most of this is no news to me, but it is such a great reference to point people towards in order to bring them up to speed about these issues.
good job, thanks for the high quality information. some requests: 1) reference papers/stats in the description, so that we can share the evidence! 2) some less fancy hi-tech audio and graphics will make you loose some social-media-addicted viewers but increase your credibility towards the academia and everyone who is literate as well 3) a good continuation could be researching on practical solutions and better tax system implementations. there is literature also about this. we want proposals to arrive to governments from below. this would be the duty of you "good influencers"
Just discovered your channel through this video (thanks to the algorithm) and was amazed by your video editing skills especially on data visualisation!!! Definitely subscribing and supporting you 🎉
Thank you for this video from Skåne, it''s been very interesting and I especially appreciate when you cite your sources so that I can dig deeper into where your information comes from and find primary sources if I should wish to cite them myself in the future.
Awesome video. Causation. If you possess enough knowledge, admittedly is biased, you can connect inequality to all that hurts humanity. But what drives inequality and much of the metrics you presented is unresolved trauma. Why does anyone need to accumulate so much wealth? So much power? Unresolved trauma. Anything anyone does is fueled by something. Take away the fuel and you take away the bad behavior.
Incredible work! Not sure what tools you use to create such an amazing content, nor how long it actually takes for you to create such a data-laden video, but it's pretty amazing. Congrats!
This is so on point. As a US resident, it’s frustrating to hear the capitalism “purists” go on and on. Societal problems can’t be solved through pure capitalism or pure socialism, but a balanced approach, good policy, and strong culture. All modern nations implement a mixed approach, many of which more successfully than the US, to date. It’s embarrassing to have such a strong GDP, whilst scoring so poorly on things such as the GINI ratio, executive to average earner pay ratios, infant mortality, etc.
Hopefully YOU will soon be leaving the US for one of those "modern nations" you speak of. We don't want you to be "frustrated" or "embarrassed" living in such a prosperous society. I hear Venezuela is pretty this time of year. Bye.
A world of actual equality would be better for all. At first, only the egotistic and self centred would " complain" = but eventually they'd see and experience the benefits of "giving as you'd like to receive"
My problem with Wilkinson's work is that he bases all his research on inequality of gross income instead of income after taxes and transfers which is a far more significant number. One of his solutions is to raise taxes on the rich which would have zero impact on their gross income.
I recommend Prof. Heiner Flassbecks and Frederike Spieckers newest Book but I think it’s only available in German. It’s about how wrong the neoliberal economy is already in its theory, and much more like the sectoral balances of several countries. The Book „Das Ende der Massenarbeitslosigkeit“ (The end of Mass unemployment) from them changed my world view totally and made me understand Macro Economics as it made so much sense and practical gives explanation to nearly every problem and gives you the tools, to how to solve the problems.
Haven’t read the book and I’m really - and have been for a long time - subscribed to this idea of inequality as a driver of so many ills, but I hope those graphs were illustrative not directly from the book because the variance is outrageous and there are some huge outliers! Some of them are barely trends at all
I like your style of video essays quite a lot. But seeing the linear fits for so few and very far spread data points gave me shivers. I came here after watching your newer video on how believes change, or rather how they stay the same. There you said that you were wondering why people presented with the same facts would not come to the same conclusions and made some good arguments for why this could be the case. After seeing this video, I would add that we sometimes also can disagree on what we call facts which in turn leads us to different conclusions. While correlations are interesting, they have little to no causal explanatory character for the data sets you presented. The United States is most of the time an obvious outlier and there are many cases where you could argue that ideology and geopolitical realities play a far larger role than the inequalities within a country. Identifying how those are correlated themself could be interesting nonetheless. I don't know enough about your work so far to make a general statement, thus this is only a single observation concerning this particular video. This doesn't mean I didn't enjoy my time watching it, which I sure did.
Thanks for sharing your thoughts and for watching my video essays. Overall I agree with your comment. Your point about correlation not implying causation is well-taken and that's why I addressed it briefly in the video but maybe could have talked about it a bit more and gone into some of the subsequent studies that have established causative links between inequality and certain social problems. I also agree with your observation that the United States is somewhat of an outlier. I didn't mention in the video though that Pickett and Wilkinson has also made similar correlation studies between the US states and get largely the same results as when they compare different rich countries. That's why I believe the overall trend holds even if the US is an outlier. I hope you'll keep watching my essays and keep posting thoughtful comments! :)
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People tend to forget that in largely unequal societies you start to fear getting mugged, robbed, etc. People with money have to spend a lot on security. Alarms, body guards, etc.. and any staff you may have people start becoming suspicious of. Plus, the pool of potential "friends" or "peers" is highly reduced and has a big impact on quality of life. No one lives in a bubble. The environment around you makes a huge difference in quality of life.
Inequality doesn't matter when you can easily feed your family, have housing, and are protected from losing your source of income. I wouldn’t mind if there are any trillionaires will be present in this situation.
@ But you see, that's the trap. Economic inequality brings another set of problems. The power goes to those with the most wealth. And very likely what is important to you will not be important to those with the power. This is why democracy and limiting the level of inequality is important. To balance power and influence over society. You've stated that you don't mind living in an unequal society as long as the things important to you are there. What assurances would you have that those things won't be taken from you in this environment. I'm with you there. I absolutely don't care if someone is super wealthy. It's not important to me. What they do with their wealth is. From my POV the best thing a superwealthy person can do is just live a life of leisure and spend it all out. Stay away from pet projects and politics. Even those with the best of intentions can have very bad consequences.
@@midiminion6580 Money = power. You think the one who has all the money in the world would not want to be able to straight up control the outcomes of elections and what not. Billionaires are emperors. They run the world.
@@midiminion6580 absolute total bull crap, you can have a poor ass country where everyone is equally poor (equality) and crime is rampant *checks notes* let's say some of the south american ones. You can also have a very unequally country like Singapore with a vert robust rule of law. Why would a pool of friends be reduced, why would it have an impact on quality of life? Why would an unequal environment have a negative impact on your life if you are a successful one? YOU ARE NOT THE SOCIETY YOU ARE A INDIVIDUAL! YOUR LIFE DOES NOT BELONG TO THE STATE! YOU DO NOT OWE NO ONE NOTHING!
@@yashpatel261 Power is power - all people who have power always have money, the state as apex of power is literally printing money, but not all who has money has power. I'm from Ukraine and the most powerful people here are nationalists, hardy the most afluent but the most disciplined,organized and bloodthirsty. Another example is how president Zelensky put the his former mentor and oligarch Ihor Kolomoyskyi in jail and the richest man in Ukraine Rinat Akhmetov has to walk on the eggshells or be nationalized. Power is violence, if you are capable of violence you have power.
In the US, inequality is a deliberate feature, not a bug. Inequality is the point. It's the driving force of our culture and society. It's both the carrot and the stick. Our political economy is designed to ensure, maintain and amplify inequality.
Unfortunately settlers from Europe brought with them the idea that some people have more worth than others and thus deserve to survive at those "others" expense. They just switched what determined worth from bloodline to merit (which Andres has another video showing is no different than feudalism).
Feudalism, capitalism communism....all different forms of PREDATION. This will continue until humans collectively recognize predation is a limited limbic system response that traps us in our evolutionary past. We Humans have a prefrontal cortex that provides us other options to survive beyond predation. We just haven't learned to USE it for this enough yet. Sweden, Finland, Canada (mostly Quebec) and Denmark all seem to be catching on to Nurturing as a strategy. The US....unfortunately is still locked into the ugly strategy of domination and predation. The consequences of which are about to produce a bigger storm than any hurricane or tornado....
Are the average people okay and satisfied with this?
If you use the word equitable in any conversation with more than five people present a fight will break out. In the US the poor are under the firm delusion than any minute they are going to get a phone call from Hollywood or invent an amazing product or produce a viral video that will make them millionaires. They vote for the rediculous orange🤡 because they believe that he knows some magic solution because he has more money than they do. It is sad.
@@das_moosmutzel696NO
Sad.
In short... having a lot of money is NOT everything, but having no money IS!
Why do you have no money? You should think about providing a marketable service. Get a purpose in life
@@bbhalstead This has to be one of the most absurdly capitalist indoctrinated responses I have ever seen. Someone's purpose in life is... providing a service to a market? A "market" that is established to respond to capital demands (i.e. ruling class desires for control over increased capital accumulation)? Just curious what marketable service did Jesus provided and is his existence completely without purpose because he didn't provide a 'marketable service'? Good grief. Are you that utterly fascist that you think the developing world doesn't provide marketable goods and services? FFS. Stop licking boots.
@@bbhalstead not everything in life is about physical possessions
@dg9444 true. Health is very important. Family, good friends, a loyal pet
Your content is CRIMINALLY under rated, sometimes the algorithm really doesn't get things right.
I tried to reach out to you on Patreon, but please message me because I would love to work together in the future if you would be interested.
So glad someone is recognizing this man that can help! Algorithm, please pick up The Market Exit so that we’ll keep getting more content, this stuff is so good!
Thank you, I appreciate your kind comment! Congrats on your channel, impressive. It would be fun to work together. I didn't get any message on Patreon, but I emailed you on your sponsor-email-address, it'd be fun to chat!
Really thank you for making a shoutout to this channel. Ive been binge watching it since yesterday and it is amazing. The topics are interesting and the information well presented
Wow! What a mystery. A guy trying to dismantle the lies of oligarchical dystopia, of the burgeoning Dictatorial International is not promoted by the algorithm of Google - owned RUclips? Why might that be? 😂
I think the same. Btw, I'm here thanks to How money works
Living in Ireland, I get so tired of constantly hearing about just how well the economy is doing (last year we had a 10B euro budget surplus) -- yet that does not seem to contribute to a meaningful improvement in our day-to-day lives. Housing is more expensive and (ever more difficult to find) year after year, grocery and entertainment cost rise so fast, and no new infrastructure is built and no new services are added.
That's really interesting, thanks for sharing. I've been thinking about making an essay about Ireland ever since reading Nicholas Shaxson's fantastic book 'The Finance Curse' which dedicates a chapter to the so-called "Celtic Tiger". To me, Ireland seems like an extreme example of a country prioritizing esoteric growth metrics instead of improving the actual quality of life for... well actual people.
If I want to learn more about this and what you're describing, what should I read? Please feel free to elaborate on your experiences here or via email if you're comfortable. I'm keen to learn more.
Realistically the figures for Ireland are entirely removed from the experience of the average punter in Ireland. Ireland is essentially a tax haven for huge corporations and Ireland pretty much just collects this money and the multinationals are off the hook in terms of any problems with tax compliance, they are clear. Now you would think that this would still benefit the Irish but it doesn't. Ireland's GDP figures are artificially inflated but because the country has a high GDP per capita they are required to contribute more to the EU collective funding.
Also, Ireland is a puppet state of international organisations and has been since the funding program around 2010. So while Ireland has a lot of money flowing into it and the politicians speak up about this, they act out the demands of the internationalists by following all their orders and refusing any capital investment in the likes of housing or improving the transport links.
@@TheMarketExituse Rory Hearne’s work on housing crisis. He is leading the charge to hold government account and make social and affordable housing
Governments should reduce regulations so the market could develop more affordable housing and better infrastructure
@@theoptimisticpessimist9335Lol insane take.
Thank you for an excellent video. I live in Sweden and can attest to what you say. I make a lot less money than my sibblings, but there are 3 things that more than make up the difference. The first is health care, which is free. This reduces worry. The second is support for parents, including very low cost day care, parental leave and a monthly check for families with children. This makes it easier to support children. Finally, higher education is free, and this means that I don't have to pay a fortune for my son's education. Taken together these things make life better for the great majority.
I am shocked as why this channel is not being recommended to others. The content is top notch. Keep it going!
Much appreciated! Thanks for commenting! :)
Indeed. 👍
The information is decent but the editing is awful.
@novusod i disagree. although you might just not like the contemporary yt editing style
I've been looking for this type of concentrated information about how many problems are at least related with inequality. I'm from Mexico where that's a big issue. Thank you for your labour at Market Exit, you're doing a great job
I’m American born and raised and you highlighted a lot of problems I see in Southern California and America at large. Just like anywhere access to a good life is so dependent on the zip code one grew up in because of access to good schools, good food, level of crime etc. We need the brightest and smartest minds to invest in solving these problems in society and not pursuing private equity, another great video of yours by the way! America is cutthroat place that could use a little more equality!
Thanks for your comment! If someone wants to make society more equitable, what do you think that person should focus on first?
I would suggest looking to history for some examples of where levels of inequality have been reduced, then possibly analysis of exactly how that inequality was reduced the effects on wider society and not just the policies that were implemented but the narrative around how they were introduced. This may be a good starting point. I believe there are a lot of examples post the last war of multiple nations that became more equal than could be researched.
Interesting bc in my area of the US the poorer zip codes actually get more per child to educate bc the state taxes the local communities and redistributes the money to the poor locations. Unfortunately it has done nothing to improve outcomes. It all comes back to the same thing. Just like money doesn’t necessarily improve happiness it also doesn’t improve education. It all has to do with the deliberate breakdown of the family and creating dependency on the state. The poorer communities have a much higher rate of children being born out of wedlock with fathers who aren’t involved in raising the family. This creates a single mother who is dependent on the state. Ultimately bc she is single and has a child at a young age she is poorly educated and can’t get a well paying job. It then creates a viscous cycle. The politicians don’t want to change it bc it creates votes and power. It is very difficult to compare the US to Europe bc many of the European countries are still very homogeneous. The challenges can be seen in Denmark and Sweden by their reversal on immigration. This does not mean that immigration is bad it means along with its benefits it brings its challenges. In a town close by me of 80,000 people there are upwards of 50 different languages. How do you educate and finance that?
@@Rob-me8vp so if more money doesn't result in better outcomes in education why are the best performing schools world wide almost without exception expending the most money? Would reducing expenditure per pupil in the areas in your state that are classed as poor areas improve or worsen education performance or outcomes ? If you consider reducing the budget would improve those outcomes could you explain why specifically?
Could you please give us the details of the state and area you're referencing so we can lookup the data to make a comparison? Many thanks.
@@philipnorthfieldif it was about money the US would be outperforming every other country by far bc the US spends more money per pupil than any other country. If you look at the PISA test results the Asian countries score highest. Why is that? Are they spending more money? Or is it as a culture they value education more as a society and they also have the lowest rate of single parent households. The correlation bw highest PISA scores and lowest single parent households is quite stark. If you have two parents overseeing the education of a child they will perform better. The US has the highest rate of single parent households in the developed world so we throw money at our education system to make up the difference. I would bet my house and retirement savings that the highest performing areas in the US also have the lowest levels of single parent households. You can see this just by looking at the demographic groups in the US. Rank the demographic group by rate of single parent household and you will see which demographic performs the best. Yes again it is the Asians.
The thing people always forget is that pretty much everything has a balance, a sweet spot, a goldilocks zone.
And we're way more to the neoliberal side than is good for anyone. Even those who are rich are miserable yet will ruin everyone else's lives to get more wealth, this is purely evil.
Yeah it's almost like maximizing production and growth at all costs stops being sustainable pretty quickly
God you people are so absurd it amazes me. There is no "good balance" between freedom and tyranny. There is no "Goldilocks Zone" where being only partially enslaved will make you happy.
These people are actually succeeding in convincing you to give up more of your rights with the promise you'll be happier for it...and YOU ARE BUYING IT.
Most of capitalists nowadays hate the concept of "Enough"
That book sort of says what I believe many of us have realized by being informed, no big discovery...but nice that someone proves it in a book!
Beyond the injustice of inequality, the underlying issue that people should consider is that inequality will come knocking at your door. The days of living well on a working person's salary have disappeared because the very few people/entities who hold most of the wealth want more and more of it, and so they take it (think of the housing crisis driven by private equity firms). By supporting what is good for the most at risk, we support what is good for everyone. That also includes not only class but race and gender.
This sort of video is what the world needs more of.
No - what the world needs more of is intelligent, independent thinkers who don't buy into this nonsense that you should give up even more of your freedom in order to be happier.
I am amazed at how you eat up this nonsense.
@@johnnynick9115 Yeah we shouldn't give our freedom to see more drug abuse, teen pregnancies, and homicides, like especially if it prevents much richer people than you and me to buy a second yach
@@johnnynick9115 Exactly.
Everybody knows that inequality causes problems in wealthy countries.
Inequality makes people hustle, struggle thus unhappy and short lived. At lower levels of income they have a room to grow economically. So there is reward. They only have to catch up to the more developed.
At higher levels the reward is smaller and distributed more unevenly. The growth of a wealthy country comes from a much-much lower proportion of their population.
We can artificially redistribute wealth to increase happiness. But it is a trade off. The smaller the batch of people who drive the progress, the bigger the negative impact on economy.
Inequality is a trade-off. The video speaks about the problems it causes, but does not speak about the benefits. Most of these far left think tanks think wealth grows on trees, and every wealthy person is a criminal.
@@tarhelytarhely5662 Inequality does NOT cause problems - anywhere.
There is NOTHING WRONG with inequality, unless you are referring to equality *under the law.*
That is the ONLY form of equality that is good.
Every time you strive to force humans to be equal you impose FORCE on one group in an attempt to benefit another group.
That is ALWAYS immoral.
Humans are not all the same. Humans will never be all the same. Trying to force humans to all be the same is ineffective, immoral, and imbecilic.
@@johnnynick6179No. It is not always immoral.
We force equality when we force children into schools, ban child labor, let everyone use roads, for example.
This has nothing to do with equality under the law. It has something to do with better productivity through community services and individual rights.
The author of the video takes the stance, that forcing more equality is an absolute good. You take the opposite.
Both of you are incorrect. It is a trade-off. Two of you make a good pair though.
Greetings from Colombia, one of the most unequals countries in the world, here and engineer could make between 1.000 to 2.000 USD a month. Keep the great, work you have a new suscriber.
Maaaaaaaan, the algorithm is doing a gigantic disservice not pushing out your videos more.
(It's almost as if the channel has been flagged/coded to be suppressed, innit...)
I dunno man, that tends to be a blessing in disguise down the line. I'd rather this channel just grow organically on the merit of it's content. Way stronger too, when it manages that without winning the attention lottery. Agree on the sentiment though. Definitely deserves being known more.
You’re doing such a great job including actual research not just opinion. I hope you feel like it’s worth your time. Bringing knowledge with nuance to people (who are constantly bombarded with “black and white” statements, oversimplified analysis, emotionalised language, correlation dressed up as causation.. is really helpful for all of us.
Please keep going 🙏
Thank you for an eye-opening, informative video. I had heard of the data before, but your video brought it to life for me.
This is a really useful reference.
Some inequality is inevitable, 2 example reasons:
- people make bad lifestyle choices
- there is a lifetime pattern so the me now has more wealth than when I first joined the workforce.
However the socially disasterous inequality is hereditry wealth and power and the corresponding divergence of opportunity.
Fantastic work and insight!! I think only an “outsider” can ‘see’ the perspective and call it out the way you did. Once in the swamp, you’re just too close to get such perspective. Thank you!
This is why GDP is almost meaningless & NO ONE in govt discuss GINI coefficient...
The editing of this video is crisp af
Spirit Level changed my mind!
It must be a compulsory read in every school!
Such an insightful video, Andres! Your storytelling skills and these attractive graphics make the viewer hooked in so well!
This inequality is so visible in my home country, Hungary. If you roamed around the center of Budapest, you would get an impression of a wealthy society.
Yet, given the past years of massive inflation, people are not living better, especially as rent and other living costs not equal Western European levels.
And while our GDP per capita is nowhere near Sweden's or even Spain's, there's always the sentiment that public money could be allocated to sectors that could ensure the improvement of society, especially lower classes.
Thank you Máté! Thanks for sharing that insight!
Not related to the subject of the video, but your channel is quickly becoming my favorite on the entire youtube. Thanks for your dedication!
This video is not about inequality, but about inequity. There's a big difference!
I have dreamt of someone making this video for such a long time. It's going to take time, but in the end truth will win. Keep going!
The funny thing is that I believe most people realize deep down, intuitively, that inequality creates social problems. But for reasons probably having to do with ideology, history, psychology (which you obviously know a lot more about than me), most of us constantly play down inequality concerns. There is obviously so much more that could be said about this topic, the problem is that it's a difficult topic to talk about without losing people's attention.
Thanks Johan for your patient and kind support!
You did a great job with those visualizations! Yes, people realize, but they've been fed the idea that there's nothing you can do about it. And they want to beleive we're on the right path. When Lance Armstrong was found guilty of doping, people still supported him and disregarded the facts. They wanted to beleive...
It's funny you should bring this up. My next video is about why we're so hesitant to change our minds. Maybe I should run the script by you :)
Anytime! (Unless I change my mind, that is.)@@TheMarketExit
I am so glad this channel was recommended to me!
This channel is a gem.
I get it. As wealth goes up measures should be taken that enough is spread around to the entire population.
This is however, a double edged sword. When you punish those who drive the economy, you stifle innovation. I believe wealth taxes must definitely exist, but how you define the policies around them makes or breaks everything.
But then how would the ultra wealthy buy a yacht for the Mediterranean and a yacht for the South Pacific?
@@carlosjosejimenezbermudez9255it actually doesn't stifle innovation. Some of the most authoritarian (even against the rich) countries had high innovation. This is because most innovation originates from the state or public level. Wealth has little to do with innovation because the method by which innovation is attained is usually bad for wealth generation.
@@carlosjosejimenezbermudez9255@carlosjosejimenezbermudez9255 eggs being sky high has nothing to do with innovation. The monopolization of industries and price fixing has nothing to do with innovation. Neither does extreme inflation. it's just illegal
Once again an amazing video with great insights! Thanks Andres, keep it up 🙌
Just found your channel and delved into your topics with passion.
Love your objective view on modern life.
Hope that your channel rises like a shinning star !
Thanks
Thank you very much!
Love all the stats. Great way of telling a more accurate story! Cost of living vs wages vs a myriad of factors. Great job!
This is somesthing I've never seen on the internet!!!! Great Research. Now I'm interested in where the break-even point/sweet spot would be in society.
There is no break even spot between freedom and tyranny. Stop falling for this nonsense.
This is good content, what I’ve learnt on RUclips is many people are not interested in educational videos that speak truth but they love videos with fallacies and false hope.
Money is not important. Merely the lack thereof.
- Someone far brighter than me, just can’t remember who.
Hey Andres, just a suggestion: try to optimize the first 30 seconds of the video related to the title/thumbnail. It will definitely help increase viewership. Also, thanks for the project file. Are there more project files available? I'm open to paying for them or joining Patreon as well
Thanks, Ron! Yes, I have tons of project files. Maybe I should start sharing them on Patreon, I just didn't think anyone would be interested in them ;)
I appreciate your suggestion about the first 30 seconds. If you can, please elaborate a bit on what you mean. Feel free to drop me a message at hello@andresacevedo.com 🙏🙏
Thanks!
Wow, thanks Edward!
@@TheMarketExit Hi Please make all your video super-thanks enable, you did great work!
@@02edward027433 Ah, I thought all of them were automatically. :) Thank you again
Oh that’s a very good point that after certain threshold economic growth it does not translate to quality of life. That reminds me of a study from a few years ago (don’t remember which country it was made in) but it showed that after earning certain amount it would stop translating into more happiness.
The solutions are: strong anti-monopoly laws, more strict wealth taxes, remove loopholes on tax credits and deductions, more encouragement for competition and entrepreneurship.
You don't encourage entrepreneurs by threatening them with higher taxes.
True monopolies only exist when government creates them. No evil monopoly ever existed without government help
Freedom from government intervention is the only way to eliminate poverty and undeserved imbalances in any economy.
I went to a presentation held at Auckland University (NZ) by Kate and Richard about 10 years ago, after reading their books. It was excellent, but despite the wealth of information regarding relative inequality very little has been done especially in the west. This I suspect is primarily due to the fact it is not in the politicians interests to act, as they are largely beholden to the rich for financial support and to maintain power.
Danke!
🙏
Just discovered your channel and it’s really remarkable work. Wonderful contribution to make these discussions reach deeper. I appreciate your book recommendations and sources
Really phenomenal production quality! I really appreciated the transparency and presentation of the source material.Wishing your channel all the best
*Cries in South Africa*
Thanks again for a thoughtful, prescient video.
Here in New Zealand, inequality has grown since the reforms of the 80s, to the point where the cost of living has spiraled out of control, house prices,rents, food, extremely hard for the poor, even the middle class are struggling. All attributable to successive govt policy, who is pulling the strings?
Why this doesn't have 1M views?
Because the system of keeping people away from critical knowledge, works very well.
Excellent video, the statistics are really sobering!
The most frustrating argument I see in support of inequality is - "well, those 1% have EARNED their enormous wealth, and we shouldn't take it from them just like you wouldn't want things taken from you". However, even if we grant this argument, we can always ask "well, what are the effects?"
For instance, if private property is precious, then people buying automatic weapons should be no problem, even if they buy them to start shooting randomly and killing people left and right - they have EARNED the right to those rifles, and we shouldn't take them away from them, regardless of what they are doing with them. Or take a factory for instance - an owner of a factory can spill out poison waiste in water that children drink, because he did EARN the right to that factory and how he uses it and who gets hurt is not as important.
Of course, the part that is left out is that this part of "earning" the right to something is not according to some law of nature, but according to laws that we made up - we can make up other laws, we can completely change them, because really "earning" is a social convention - no one earns the right to someone else's life because we, as a society, say so, while some older societies did think it was possible to earn the right over someone elses life. Same goes with natural resources, or companies, or money - we can DECIDE that some of those things are off limits for ownership, regardless of any merit.
Logic and reasoning skills are something you severely lack.
Your absurd comment actually hurt my head.
Your channel change the way I look to things and allow me see things from many angles thank you so much for making these videos ❤
The quality of this channel is amazing!
Great stuff. Just found the channel and can't wait to see more.
Best of luck with the algorithm 🤞🍀🤞!
Good job pointing out that poverty cannot be addressed without a redistribution of weath... without using such scary language.
As always, a very outstanding video!
Your videos are simply amazing. Most of this is no news to me, but it is such a great reference to point people towards in order to bring them up to speed about these issues.
Amazing work Andres, I will make many people watch this video mark my words!
Thank you! :) I'm grateful that you watched it
good job, thanks for the high quality information. some requests:
1) reference papers/stats in the description, so that we can share the evidence!
2) some less fancy hi-tech audio and graphics will make you loose some social-media-addicted viewers but increase your credibility towards the academia and everyone who is literate as well
3) a good continuation could be researching on practical solutions and better tax system implementations. there is literature also about this. we want proposals to arrive to governments from below. this would be the duty of you "good influencers"
Extremely well done. Thank you.
Second video watched and you have my subscription. Really good work! 👍🏽
Great work, great video(s). And overall a very important message.
Just discovered your channel through this video (thanks to the algorithm) and was amazed by your video editing skills especially on data visualisation!!! Definitely subscribing and supporting you 🎉
Man this was a fantastic way of capturing this issue concisely. Thanks for the video.
Glad you enjoyed it!
Great job! Nicely presented and enlightening as always!
Just found out your channel,, love the editing, keeps the attention very easily, explain the ideas very well. I'll be sharing with my friends!!🙏🏻😁
Great video, thank you. I have just found out about your channel and sure I will be following.
Thank you for this video from Skåne, it''s been very interesting and I especially appreciate when you cite your sources so that I can dig deeper into where your information comes from and find primary sources if I should wish to cite them myself in the future.
Awesome video.
Causation. If you possess enough knowledge, admittedly is biased, you can connect inequality to all that hurts humanity.
But what drives inequality and much of the metrics you presented is unresolved trauma. Why does anyone need to accumulate so much wealth? So much power? Unresolved trauma. Anything anyone does is fueled by something. Take away the fuel and you take away the bad behavior.
Incredible work! Not sure what tools you use to create such an amazing content, nor how long it actually takes for you to create such a data-laden video, but it's pretty amazing. Congrats!
This is so on point. As a US resident, it’s frustrating to hear the capitalism “purists” go on and on. Societal problems can’t be solved through pure capitalism or pure socialism, but a balanced approach, good policy, and strong culture. All modern nations implement a mixed approach, many of which more successfully than the US, to date. It’s embarrassing to have such a strong GDP, whilst scoring so poorly on things such as the GINI ratio, executive to average earner pay ratios, infant mortality, etc.
Hopefully YOU will soon be leaving the US for one of those "modern nations" you speak of. We don't want you to be "frustrated" or "embarrassed" living in such a prosperous society. I hear Venezuela is pretty this time of year. Bye.
A world of actual equality would be better for all. At first, only the egotistic and self centred would " complain" = but eventually they'd see and experience the benefits of "giving as you'd like to receive"
Keep going, thx for sharing your thoughts
Wow, this animation is incredible! I will try to use the same for my physics projects. Thank you very much!
My problem with Wilkinson's work is that he bases all his research on inequality of gross income instead of income after taxes and transfers which is a far more significant number. One of his solutions is to raise taxes on the rich which would have zero impact on their gross income.
True, since capital tax is far more relevant but even then their wealth is largely stored in offshore assets
Excellent video. Your graphics are clear and often revelatory
Thank you for your content, brother. I had a similar perspective shift after moving to Canada from Russia.
I recommend Prof. Heiner Flassbecks and Frederike Spieckers newest Book but I think it’s only available in German. It’s about how wrong the neoliberal economy is already in its theory, and much more like the sectoral balances of several countries.
The Book „Das Ende der Massenarbeitslosigkeit“ (The end of Mass unemployment) from them changed my world view totally and made me understand Macro Economics as it made so much sense and practical gives explanation to nearly every problem and gives you the tools, to how to solve the problems.
Thanks. If you want to expand on that, I'd find that really interesting. hello@andresacevedo.com
adoore your work and the last explanation part!!
will follow this channel happily
Haven’t read the book and I’m really - and have been for a long time - subscribed to this idea of inequality as a driver of so many ills, but I hope those graphs were illustrative not directly from the book because the variance is outrageous and there are some huge outliers! Some of them are barely trends at all
Great work, great quality 👏 👌 👍 🙌 well done
Great work - deeply researched and delivered with humility. Subscribed!
this is such a great channel, very informative and thought provoking. keep it up and big subs numbers are def coming!
I am going to be in that 1% Richest !
Good for you. I applaud your confidence and determination. Go for it.
AMAZING WORK. thank you.
Thank you ❤
Amazing quality and extremly interesting content🎉 Your subscribers should be millions and I am sure the numbers will be growing!!!
Thankyou for sharing this it's very good.i live in india and the income inequality is mind boggling. And quite depressing too 😢
People are NOT born equal.
Thanks for making this video and sharing this information. It explains a few things I have been wondering about.
Keep doing this, it's amazing and very helpful, thank you 🙏
Thanks for making these videos; it must have been a lot of work!
You bet! But also extreme amounts of fun :) Thank you for watching and commenting!!
Its crazy how Japan and the USA, the two biggest economies, are almost polar opposites in the Life expectancy / inequality graph.
Excellent research and findings. Everything which you said about causation and correllation is conspicuously seen in Malaysia.
Just adding a comment for the algorithm. Great video, and thanks for the book tips!
Great work! thanks for everything including the explanation of how you created this!
Excellent content - well presented, credible theory, supported by evidence ... so why so few likes?
You’re so right , inequality matters. Because if everyone was given the same no one would do anything!
Really high quality presentations! Thanks for your hard work :)
Your work is amazing i'm totaly focus when i'm looking the video
Thank you, your work is so important!
I like your style of video essays quite a lot. But seeing the linear fits for so few and very far spread data points gave me shivers.
I came here after watching your newer video on how believes change, or rather how they stay the same. There you said that you were wondering why people presented with the same facts would not come to the same conclusions and made some good arguments for why this could be the case.
After seeing this video, I would add that we sometimes also can disagree on what we call facts which in turn leads us to different conclusions.
While correlations are interesting, they have little to no causal explanatory character for the data sets you presented. The United States is most of the time an obvious outlier and there are many cases where you could argue that ideology and geopolitical realities play a far larger role than the inequalities within a country. Identifying how those are correlated themself could be interesting nonetheless.
I don't know enough about your work so far to make a general statement, thus this is only a single observation concerning this particular video. This doesn't mean I didn't enjoy my time watching it, which I sure did.
Thanks for sharing your thoughts and for watching my video essays. Overall I agree with your comment. Your point about correlation not implying causation is well-taken and that's why I addressed it briefly in the video but maybe could have talked about it a bit more and gone into some of the subsequent studies that have established causative links between inequality and certain social problems. I also agree with your observation that the United States is somewhat of an outlier. I didn't mention in the video though that Pickett and Wilkinson has also made similar correlation studies between the US states and get largely the same results as when they compare different rich countries. That's why I believe the overall trend holds even if the US is an outlier. I hope you'll keep watching my essays and keep posting thoughtful comments! :)
Great video! Can't wait for the algorithm starts favouring your channel
You and me both! ;) Thank you!
excellent director work behind this clip ) also helps to quantify the obvious, that's usually fluid.