The ART Of Investing Money & Wealth Creation ft. Kotak's Srikanth Subramanian | FO 59 - Raj Shamani
Raj Shamani's Figuring Out
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The Inequality and Disparity of Income in Today's World
I think the level of inequality and disparity we are seeing may actually, the truth may lie somewhere between capitalism and socialism in today's context. And that does not again mean that 25, 30 years later, this again will be true. The biggest example is West Coast, California. San Francisco, the disparity of income is so huge that the problem of homelessness is real. You can't walk downtown California from one place to the other without meeting at least five people inserting the needle or sitting outside or defecating. At some stage, this has happened systematically because the entire technology wave pushed through a formation of capital. But this capital went and lumped up into the top end of the economy and
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