The Push and Pull of Inequality and Identity

The video discusses the concepts of vertical and horizontal inequality, focusing on the dynamics between rich and poor, workers and capitalists. It highlights the importance of understanding income inequality through measures like the Gini coefficient and explores the roles of uncertainty, power, and institutions in shaping economic and social outcomes. The video also emphasizes the need for creating horizontal identities to foster socio-political change and address severe inequality issues.

What is the main difference between vertical and horizontal inequality?

• Vertical inequality focuses on income distribution, while horizontal inequality focuses on group differences.

• Vertical inequality is about gender differences, while horizontal inequality is about income.

• Vertical inequality is about ethnic differences, while horizontal inequality is about wealth.

• Vertical inequality focuses on group differences, while horizontal inequality focuses on income distribution.

Which economic model traditionally focuses on the rich and the poor?

• Heterodox model

• Neoclassical model

• Monetarist model

• Supply-side model

What is the Gini coefficient used to measure?

• Social mobility

• Horizontal inequality

• Economic growth

• Vertical inequality

How can horizontal inequality lead to conflict?

• By creating economic growth

• By fostering a sense of common identity

• By increasing social mobility

• By reducing ethnic diversity

Which groups are considered horizontal groups in the context of inequality?

• Men and women

• Rich and poor

• Capitalists and workers

• Young and old

What are the three concepts introduced to understand the economy and society?

• Education, finance, and media

• Growth, stability, and equality

• Uncertainty, power, and institutions

• Wealth, poverty, and class

Why is power considered important in the context of uncertainty?

• It reduces social inequality

• It influences decision-making and control

• It helps predict future events

• It ensures economic stability