25 min listen
The Economy Is Not a Machine
ratings:
Length:
26 minutes
Released:
Dec 2, 2020
Format:
Podcast episode
Description
How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.Topics covered include:Why income growth has slowed for the middle classWhy the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomesWhy the economy is a complex adaptive system rather than a machineHow the type of job you have and the company you work for affects your incomeWhy greater efficiency increases the risk of catastrophic collapsesWhat are ways to balance efficiency with resiliencyFor show notes and more information on this episode click here.Please go here take the Money For the Rest of Us listener survey and enter to win a copy of my book Money for the Rest of Us – 10 Questions to Master Successful InvestingAlso, go here to learn more about Money For the Rest of Us Plus membership.
Released:
Dec 2, 2020
Format:
Podcast episode
Titles in the series (100)
What If Everyone Worked Only Four Hours Per Day? by Money For the Rest of Us