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Dr. James H. Nolt has been a Senior Fellow at the World Policy Institute for 20 years. He is also the author of the book “International Political Economy: The Business of War and Peace”. His core research interest is the influence of business, especially finance, on international relations. He frequently provides succinct and powerful explanations of US economic inequality in his online writing.
June 18, 2020 Sign up to get occasional emails when I publish here. You can also register for “The Difference Principle: A Newsletter on Inequality” here. Listen to this interview podcast style on Soundcloud. This conversation focuses on the wealth gap in the US. Wealth (assets and income minus debt) inequality is much greater than income inequality. By the end of 2019, the bottom 50% of households had $1.67 trillion while the top 10 percent held $74.5 trillion. Why does such a small portion of the US population seem to own everything (financial assets, housing, etc)? Why are they mostly white? Why are Americans in such high levels of debt, and is debt necessary to uphold an unequal economic system? Finally, are we in the midst of a Depression? Has inequality made us more vulnerable to economic collapse? Check out the interview: https://soundcloud.com/julian-jacobs-430162621/interview-nyu-professor-james-nolt-on-wealth-ownership-and-a-coronavirus-depression Sign up to get occasional emails when I publish here. You can also register for “The Difference Principle: A Newsletter on Inequality” here.
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