Thursday, February 18, 2021

Overcoming the Systemic Challenges of Wealth Inequality

David Peter Stroh of Bridgeway Partners addresses wealth inequality and how to begin to correct it in Overcoming the Systemic Challenges of Wealth Inequality. At its core, the model addresses how people are kept in either a virtuous cycle for elites or a vicious cycle for disadvantaged. Only by understanding the dynamics of power concentration, globalization, and allocation of resources can we begin to see how badly the current system of wealth inequality abuses everyone, including the wealthy. Key issues involved in challenging the current system and replacing it with a system that benefits all include; 1) how disadvantaged people have begun to push back, 2) how ethnic manipulation ignites resistance to change among elites, and 3) how authoritarian leadership plays both elites and disadvantaged in the process.

So many things could change for the better and for all if we as a society could agree to a goal of benefitting all in opportunity and access to resources.