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 new insight or understanding did you gain from this video?