4.7 • 9.2K Ratings
🗓️ 30 November 2022
⏱️ 8 minutes
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0:00.0 | NPR. |
0:12.2 | This is the indicator from Planet Money, I'm Darien Woods. |
0:15.6 | At the heart of the so-called American Dream is this promise that if you work hard, you'll |
0:21.4 | be better off than your parents were, and your kids will be too. |
0:25.2 | They'll be better off than you. |
0:27.0 | 50 years ago, this was true for most people. |
0:29.8 | Nine out of 10 Americans were out earning what their parents were at age 30. |
0:34.3 | Nowadays though, it's a coin toss, it's 50-50. |
0:37.7 | It really is a fundamental breakage in the deal we have with each other and the deal we |
0:42.3 | have in a society. |
0:43.9 | Scott Galloway is a professor of marketing at NYU. |
0:46.9 | That's sort of what a society is supposed to do. |
0:49.4 | That's the deal. |
0:50.4 | I buy by laws, I work hard, I pay my taxes, and my kids will have the opportunities |
0:55.0 | that on average are bigger and better than mine. |
0:58.1 | Scott sees healthy economies as being like sailing ships powered by the middle class. |
1:02.7 | But he says that today, America, like some other rich countries, is kind of spinning |
1:07.6 | in circles. |
1:09.1 | Scott Galloway's new book Adrift America in 100 Charts is like a bleak PowerPoint presentation. |
1:16.0 | Chart after chart hits you with these ways that the US is strayed from the model of shared |
1:20.8 | prosperity over the last several decades. |
1:25.4 | So today on the show, a conversation with Scott Galloway on the most incisive statistics |
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