@bikramsen9952
These levels of inequality is the root of most of the problems in country after country.
@somdevraomadala2473
Prof.Banerji is simply is a great fountain of knowledge. Very very WORTHY listening him.
@abcd51849
India too is a prominent example of inequality in every aspect of life, be it income disparity, societal inequality, gender inequality and many other issues and challenges....still the middle class is burdened with high taxes both with direct and indirect taxes...and they are getting simply nothing in the name of tax....
@georgethomas3597
00:05 Professor Banerjee discusses the past of inequality. 03:02 Inequality at historical highs in many countries 08:32 Inequality was claimed to be necessary for growth 11:13 Inequality does not promote growth 16:20 Inequality is not essential for sustaining growth 18:19 Inequality is increasing due to rising profits of companies. 22:38 Global agreement to ban tax havens 24:50 Discussing policy solutions for global inequality 29:38 Personal experience with poverty in childhood inspired interest in development economics 31:48 The elderly population in Korea faces significant income inequality and poverty. 36:31 Inequality may decrease as growth slows down due to demographic changes 38:49 Historical patterns of integration and prejudice 43:09 We need to keep trying and find solutions for the world.
@Birookeen_Bhamiya
It feels right to watch those WORTHY people's opinion on issues rather than from ACTORS yapping random things
@soumitachakraborty9487
Before his name,add Nobel Laureate Prof.Abhijit Banerjee..He is not an ordinary fellow!Do you have any idea what it takes to win Nobel Prize?????Give honour to the one who deserves it..
@subhabiswas7091
Finally the people who knows the subject are on YouTube,let's hear them,not from fancy youtubers
@khurshidakram960
Understood inequality much better than ever. Also the consequences of AI on the mid-level work force. Thanks Prof. Abhijeet Banerjee.
@pbghosh5305
Very clear. That's the way the world has moved from 1980 onwards, following over and excessive insistance on monetization of economy as only panacea to fix agreegate economics. Besides, there is another factor, namely, the objective failures of financial institutions like the World Bank, IMF, and WTO, particularly, that enhanced the perpetuation of inequality everywhere. Prof. Dr. Banerjee has thrown a new light on social mobility issue. I'm from his city of birth and growing up neighbourhood. 🎉
@mariyanantony6554
Economic development is collective effort of education, enterprise, entrepreneurship and workers in the system
@MyHanck
The problem and solution are both in the human heart .
@10ants197
Wonderful conversation! The source of inequality is 1) Corruption 2) Education & Skill deficiency 3) Traditional economical background that again leads to inequality and corruption. The result is undue advantage, agressive capitalism, increased liability for Govt.and thus economy crash. Another reason that could be very important is non compliances to the constitution that given us a framework for equality. So, everything to be acted within that boundary. Constitution and economy both are connected - and this is more about a theoretical guidance vs implementation effectiveness. An operational framework of the constitution is also required. There is so much to do and so little is there. A thorough relook at the policies.and restructuring would help to handle the upcoming situation.
@prakritighosh9092
Omg!!!! I have read his book-the Poor Economics he is a noble prize laureate 🎉🎉so proud. It is an honour to come across a video like this🎉
@sumitdebnath5342
Prf . Abhijit Babu from Kolkata we are proud of you
@JohnChampagne
It's far too easy to predict with high confidence that a discussion among economists about inequality will include no mention of the idea of sharing natural wealth equally. A policy of charging fees to industries proportional to emissions, resource extraction or habitat destruction, with proceeds shared equally, would promote sustainability and end poverty. Why is this not part of the public discourse?
@manoharanthottarath7071
It is a very useful discussion. The earlier generation had been subjected to extreme poverty in many countries. Of course, the level of poverty has come down in many parts of the globe. But, there is great disparity and inequality in the standard of life.
@arandmorgan
We have a permanent growth economic model. It is no longer sustainable or stable. We need an economic model that focuses on efficiency in distribution, and stable resource preservation as a priority.
@TheRakeshgautam
I think now less numbers of people are starving to death due to poverty, only thing we have to make sure is that everyone should live a dignified life without facing crimes. We must have a robust system where wealthy people should not be able to annihilate natural resources. Since natural resources can not be manufactured by feeding money.
@manikaghosh9372
Prof. Banerjee explained inequality and its consequences brilliantly and has put things so simply. It made sense to even common people. So proud of him
@LuckyRose5109