Chrystia Freeland: The rise of the new global super-rich

The video discusses the rise of global income inequality, particularly affecting the top earners. It explores political and economic factors like crony capitalism, globalization, and technology that contribute to this trend. The video highlights the challenges of meritocratic plutocracy and its potential to evolve into cronyism and aristocracy. It also addresses the impact on the middle class and calls for significant social and political changes to ensure equitable benefits from economic transformations.

What percentage of the national income did the top 1% in the U.S. account for in the 1970s?

• 15%

• 10%

• 20%

• 5%

Which of the following is NOT mentioned as a political factor contributing to income inequality?

• Lower taxes

• Weaker trade unions

• Deregulation

• Increased public spending

What is one of the main economic transformations driving the rise of the super-rich?

• Industrialization

• Globalization

• Decentralization

• Urbanization

Who is mentioned as a recent example of someone who became very wealthy very quickly due to the technology revolution?

• Mark Zuckerberg

• Jeff Bezos

• David Karp

• Elon Musk

What is a potential risk of meritocratic plutocracy turning into?

• Anarchy

• Socialism

• Crony plutocracy

• Democracy

What is the Great Gatsby Curve used to illustrate?

• The relationship between income inequality and social mobility

• The rise of the middle class

• The growth of global markets

• The decline of aristocracy

What is one of the main concerns about the impact of technology on middle-class jobs?

• It increases wages

• It devours traditional jobs

• It makes jobs more secure

• It creates too many jobs

What historical event is compared to the current economic transformation?

• The Enlightenment

• The Cold War

• The Industrial Revolution

• The Renaissance

What does the speaker suggest is needed to ensure the new economy benefits everyone?

• Higher taxes

• More deregulation

• Increased privatization

• A new New Deal

Which of the following was NOT created during the era of social and political inventions mentioned?

• Public education

• Public health care

• Public transportation

• Public pensions