3min chapter

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Deaths Of Despair And The Future Of Capitalism — Angus Deaton

The Joe Walker Podcast

CHAPTER

The Proximate Causes of Inequality

Before 1970, there was growth and no increase in inequality. Afterward, there was lower growth and growing inequality. Are those trends interrelated? Yes, but I'm not quite sure in which ways. Most people could see other people doing much better than them if their life is going okay. But if the lives are not going okay, that's likely to produce life trouble.

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