The Seen and the Unseen - hosted by Amit Varma cover image

Ep 285: The Life and Times of Montek Singh Ahluwalia

The Seen and the Unseen - hosted by Amit Varma

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Is the Cantalone Effect Causing Inequality?

The cantalone effect is that money doesn't perculate down to society at an equal rate. It's people at the top who get hold of it, and they benefit first, while people at the bottom are basically having their wealth sucked away. People used to think that monetary expansion by the central banks shouldn't be a cause of concern. Now public opinion can be whipped up much easier than was the case earlier. The opinions of people are now being driven by actors which earlier didn't have that much influence on opinion making.

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