Catchy headline, huh? Yeah people like to be dooms-dayers.
Using this phrase in the video, Joseph Stiglitz brings up some interesting data. Speaking about income inequality, he cites that only 8% of Ivy League students come from families in the bottom 50% of household incomes. Wow. I didn’t know that. That’s especially interesting because those schools accept students regardless of ability to pay.
Personally, I find the guy too alarmist and too apt to blame everything on “the system” keeping the people down.
But the conversation is good thought candy, so I’m happy to feature it here: )