What the ‘Dual Economy’ Model for Developing Countries Reveals About Today’s America

The video discusses the shift in income distribution in the US, highlighting the decline of the middle class and the rise of the upper class. It adapts W Arthur Lewis's economic model to explain this shift, emphasizing the role of the FTE sector. The influence of wealth on politics is explored, with a focus on the top 1% and their impact on policy. Racial prejudice and its historical context are examined, along with its effects on economic policies. The video also addresses the dual education system and mass incarceration, highlighting their impact on communities.

What significant change in income distribution is highlighted in the introduction?

• The stability of middle-class income share

• The increase in lower-class income share

• The decline in middle-class income share

• The increase in middle-class income share

What does the FTE sector represent in the adapted economic model?

• Finance, Technology, and Electronics

• Farming, Trade, and Education

• Farming, Technology, and Electronics

• Finance, Trade, and Energy

According to the adapted model, what is necessary to transition to the FTE sector?

• An apprenticeship

• A college education

• A vocational training

• A high school diploma

Who dominates politics according to the discussion on political influence?

• The top 1%

• The low-wage sector

• The farming sector

• The middle class

What theory suggests that financial resources determine political outcomes?

• The theory of racial dynamics

• The theory of economic development

• The investment theory of politics

• The theory of social control

What historical strategy is mentioned as a response to the civil rights movement?

• The Northern Strategy

• The Eastern Strategy

• The Western Strategy

• The Southern Strategy

What is the impact of mass incarceration on black communities?

• It destroys communities

• It has no impact

• It improves education

• It strengthens family bonds

What is the new form of racial control mentioned in the discussion?

• The new Northern Strategy

• The new Southern Strategy

• The new Civil Rights

• The new Jim Crow

What is the result of the dual education system?

• Improved education for the low-wage sector

• Better funding for public schools

• Reinforcement of social inequalities

• Equal opportunities for all

What is the main theme of the conclusion?

• The stability of economic policies

• The success of the civil rights movement

• The role of the wealthy in shaping public policy

• The improvement of racial equality