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The John Batchelor Show

2/2: #IGini coefficient: Extreme inequality between the 1% of the super rich and the 99% of the rest drives cultural self-destruction such as addiction, homelessness and broad antisocial conduct. Richard Wilkinson, Kate Pickett, Nature Magazine.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 28 March 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary


2/2: #IGini coefficient: Extreme inequality between the 1% of the super rich and the 99% of the rest drives cultural self-destruction such as addiction, homelessness and broad antisocial conduct. Richard Wilkinson, Kate Pickett, Nature Magazine.
https://www.nature.com/articles/d41586-024-00723-3

1910 Wall Street broker Charles Gates (1876-1913)

Transcript

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0:00.0

I'm John Bachelor visiting with two professors of epidemiology who are helping me

0:10.2

understand there's a direct relationship between prosperity and health and

0:16.6

conduct, rules, law and order, all of that.

0:21.1

I'm thinking of the homeless of California a result of income inequality.

0:25.7

What is to be done?

0:27.4

Professor Richard Wilkinson, Emeritus Visiting Professor of Social Epidemiology, Department of Health Sciences,

0:33.9

University of York, University of Nottingham,

0:36.1

Orthumbia University and University College.

0:38.8

That's a whole lot of smarts.

0:40.9

And Kate Pickett, Professor of Epidemiology, Department of Health Sciences, University of York.

0:46.0

Professor Wilkinson, I start with you.

0:48.2

Your first recommendation is, I guess, what you'd say say recognize something must be done because there's a whole lot of people

0:56.8

in this country who would argue that's liberty for you.

1:00.6

What is it that we can do immediately in the United States to begin to redress this historically

1:07.0

getting worse problem?

1:09.0

We have to reduce inequalities both in income and wealth. They both matter.

1:16.0

And really this problem has run away with us since about the late 1970s or 1980. Our societies have changed and become

1:28.9

more antisocial. There are two ways really of reducing income inequality.

1:34.0

One is to redistribute income through taxes and benefits.

1:39.0

They have been dramatically reduced at the top income levels since 1980.

1:48.0

But we also have to make the differences in incomes before taxes smaller.

1:56.5

The main reason why income differences

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