The aim of this weekly podcast is to make economics easy, uncomplicated and accessible. With the world at a political, technological and financial tipping point, economics has never been so important to all of us and yet, it’s made inaccessible and complicated by so many.I’ve always thought what is complicated is rarely important and what is important is rarely complicated.That will be our motto.Every week we are going to tease out some big economic or political issue facing us, not just here in Ireland but in Europe and further afield. Globalisation has brought us all together. We all face similar challenges whether you live in Dublin, London, Minnesota or Milan.If you would like to enjoy all of our content ad-free and have early access to episodes, subscribe to DMCW+ on Apple Podcast.If you would like to support the show, please consider becoming a patron at www.patreon.com/DavidMcWilliams. Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast. Hosted on Acast. See acast.com/privacy for more information.
http://www.davidmcwilliams.ie/
episode 26: 2024:26 The Curse of Inheritance
Inheritance makes inequality permanent and favours the children of the rich. Millennials are about to become the wealthiest generation, which begs the question - should inheritors of wealth play a role in driving social change? A recent Bank of Italy paper reveals the rich stay rich. Tax records dating back to 1427 reveal that the top twenty wealthiest families in Florence remain almost identical to the top twenty richest families in 2008. However, 15th Century Florence understood that altruistic measures such as building museums, roads, and more would be their insurance policy to ensure social stability - but today's rich don't quite care. Does this mean violent, catastrophic social change inevitable, or will democracy do its job?
Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.
Hosted on Acast. See acast.com/privacy for more information.