As the Rich Get Richer, the Poor Get Richer
5-Minute Videos | PragerU
PragerU
4.8 β’ 6.9K Ratings
ποΈ 11 January 2019
β±οΈ 5 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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| 0:00.0 | The richer getting richer and the poor are getting poorer. |
| 0:03.6 | The top 1% of people on the planet have half the wealth. |
| 0:07.4 | Western corporations are plundering developing countries. |
| 0:10.9 | Capitalism is on its last legs. |
| 0:14.6 | Really? |
| 0:16.2 | The truth is that global inequality is tumbling. |
| 0:20.2 | Yeah, the richer getting richer, |
| 0:21.8 | but the poor are getting richer faster. |
| 0:24.6 | And what's driving that process? |
| 0:26.9 | The market. |
| 0:28.7 | Look at the most basic measures, literacy, longevity, |
| 0:32.1 | infant mortality, calorie intake, height. |
| 0:35.5 | More and more people are being lifted out of poverty. |
| 0:40.2 | I think of the changes just in my lifetime. |
| 0:43.4 | When I was born in 1971, |
| 0:45.8 | an American worker had to earn a month's salary |
| 0:48.7 | to be able to afford a TV set. |
| 0:51.0 | Now it's two days. |
| 0:53.2 | In 1971, fewer than half of girls |
| 0:55.6 | worldwide completed at least primary education. |
| 0:59.0 | Now it's more than 90%. |
| 1:01.5 | In 1971, a stationary car emitted more pollution |
... |
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