Intelligence Squared A New Vision for Capitalism, with Anne Case, Angus Deaton and Francine Lacqua
Mar 23, 2021
Anne Case and Angus Deaton, both renowned economists from Princeton, shed light on the alarming rise of 'deaths of despair' in America, particularly among the working class. They examine how aspects of capitalism contribute to these crises, exploring topics like the paradox of social media and its role in isolation. They also delve into the potential of universal basic income as a solution and debate the need for reform in education and healthcare. Francine Lacqua skillfully moderates this thought-provoking conversation.
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Unequal Capitalism
- Capitalism, while having lifted many out of poverty, has failed to deliver for a significant portion of the population.
- This unequal distribution of prosperity, particularly among those without a BA, fuels social and political unrest.
Reform Priorities
- Prioritize reforming education by focusing on skills training and connecting students with meaningful jobs, especially for those not college-bound.
- Address the exorbitant costs of the U.S. healthcare system, which burdens the economy and working-class jobs.
Social Media and Loneliness
- Social media may worsen feelings of isolation.
- People may compare themselves to others online and feel inadequate, leading to increased loneliness.
