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Open to Debate

#185 - Is It Time to Redistribute the Wealth?

Open to Debate

Open to Debate

Education, Society & Culture, News, Government, Politics

4.52.1K Ratings

🗓️ 12 October 2020

⏱️ 51 minutes

🧾️ Download transcript

Summary

Robert Reich, Yanis Varoufakis, Lawrence Summers and Allison Schrager join us for a debate on economic inequality in the premiere episode of “That’s Debatable," our new series presented in partnership with Bloomberg Media and sponsored by IBM. As nations around the world grapple with the financial impacts of the pandemic, we ask: Is it time to redistribute the wealth? A note from our sponsor: There’s nothing to lose from gaining a fresh perspective. IBM Watson® was built to help us look at an issue from all sides—from cultural debates to customer reviews. Using advanced natural language processing, Watson is making sense of data from a range of topics to help give us more informed perspectives, so we can make more informed decisions. See how Watson informs a human debate at ibm.com/debatable Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm John Don Van and this is Intelligent Squared US.

0:08.2

This special episode marks the premiere of our new global television series That's Debatable,

0:14.3

which we're presenting in partnership with Bloomberg Media and sponsored by IBM.

0:18.9

So let's get to it.

0:20.4

Some statistics come as a jolt and one of those is the headline number about wealth inequality

0:25.6

that of the world's wealth.

0:27.3

44% is owned by the richest 1% alone.

0:31.2

And it didn't use to balance out that way.

0:33.8

Wealth was more spread out.

0:35.8

The trend in our lifetimes has been and continues to be more wealth in fewer hands.

0:42.1

And is that a trend that merits disruption?

0:44.8

Can we pinpoint what the harms are?

0:47.4

Can those harms be addressed without unintended consequences?

0:50.7

Well, in these questions we thought we had the makings of a debate, so we had it.

0:54.4

In front of a live virtual audience, we brought together four experts, two teams of two

0:58.8

who have spent decades thinking about these issues.

1:02.0

They argued for and against the resolution, it's time to redistribute the wealth.

1:08.2

This debate was recorded on October 9th and it went in three rounds and then our live

1:12.6

audience voted to decide the winner.

1:14.4

But you can still weigh in.

1:16.0

The vote is still open online at our website, IQ2US.org forward slash vote.

1:22.0

All right, let's meet our debaters.

...

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