Capitalisn't

Why America's Poor Remain Poor, With Matthew Desmond

9 snips
Jun 29, 2023
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Desmond's Poverty Experience

  • Matthew Desmond grew up poor, experiencing gas cuts and foreclosure.
  • While researching his book Evicted, he witnessed even more severe poverty, like elderly people without heat and frequent child evictions.
INSIGHT

Poverty Is More Than Income

  • Officially, poverty is measured by income, but this is too narrow.
  • It encompasses various hardships like pain, violence, eviction, homelessness, hunger, and premature death.
INSIGHT

The Poverty Paradox

  • Government programs are vital but haven't significantly reduced poverty despite increased spending.
  • This paradox suggests underlying societal issues, especially in labor and housing markets, hinder progress.
Get the Snipd Podcast app to discover more snips from this episode
Get the app