Big Technology Podcast Professor Scott Galloway On Whether Our Economy Is Rigged (And What To Do About It)
May 19, 2021
Scott Galloway, a professor at NYU's Stern School of Business and a bestselling author, dives into the complexities of our seemingly rigged economy. He breaks down how the system favors the wealthy older generations while leaving younger wage workers struggling. Galloway emphasizes the importance of alternative pathways for success, like vocational training, and discusses the impact of the pandemic on economic disparity. He advocates for empathy and collaboration to navigate these challenges, offering insights on how to reimagine opportunities in today's landscape.
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Tilted System
- The system is tilted to favor older generations and asset owners, disadvantaging young people reliant on wages.
- This intergenerational inequality fuels shame, rage, and volatility, as evidenced by movements like the meme stock frenzy.
Thriving in a Tilted System
- Leverage elite platforms like top universities or established companies for career advancement.
- If lacking such access, prioritize certifications and relentless work ethic due to global competition.
Wealth Disparity
- There's a vast wealth disparity, with some amassing fortunes while others struggle with mortgages and expenses.
- This divide highlights the insulation of extreme wealth, even from those within the same industry.
