A graph shows how well the richest people in the world are doing. David Frum: It's visually very striking, but it's relatively unsurprising. He says if this curve was drawn for individual countries, you would say basically it's a positive message.Frum: The problem is when you look at this at the world, then the message changes because of nation state politics.
Yascha Mounk and Branko Milanovic discuss what his famous elephant curve says about the ills—and the gains—of globalization; how the left’s concern with inequality is being turned against its concern with internationalism; why economic causes of populism are often expressed in cultural ways; and how a determination to increase the financial and educational endowments of ordinary citizens can combat inequality and boost their living standards.
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