Thread by @chris_de92

The grand final of the #UBSCenterForum starts in a few minutes at 6pm CET. @NobelPrize laureate @DeatonAngus will share his thoughts on #inequality and the future of #capitalism. Don't miss the live stream and this thread for some reflections 🧵
#EconTwitter #EconomicsForSociety

https://twitter.com/ubscenter/status/1326560962359529475

How does #capitalism generate #inequality? Think of life as a casino 🪙🪙🪙
#UBSCenterForum

The super-rich in the US are usually 'makers' whose innovations benefited many--but may also harm many if the 'makers' become 'takers'
Deaton's view 👇
#UBSCenterForum

Deaton presents insights from his research on educational inequality. Inequality in education and health may actually bother people more than income and wealth inequality.
#UBSCenterForum

Education is beneficial for health and life expectancy.
#UBSCenterForum

What to do? Deaton picks up some ideas for regulation by Eric Posner.
#UBSCenterForum

The discussion of solutions to the #inequality problem continues in the Q&A session. According to Deaton, big companies paying all their taxes is the crucial first step, much more important than philanthropic help.
#UBSCenterForum #EconomicsForSociety

Deaton criticizes heavily the role of the pharma industry in the opioid epidmic. They may or may not redeem themselves with the development of a Covid #vaccine.
#UBSCenterForum

Will #climatechange aggravate #inequality? Most likely, yes. But what to do about it? Not even Deaton has a good answer... "tough issue"
#UBSCenterForum

Final question: Will #inequality be the coffin nail of #democracy? Deaton: key is to prevent that 2/3 of people feel as exploited workers while 1/3 cash in. This sensation might also be a reason for so many people supporting Trump.
#UBSCenterForum #EconomicsForSociety