And meanwhile, global capital is too often unaccountable. Nearly $8 trillion stashed away in tax havens and a shadow banking system that grows beyond the reach of of effective oversight. A world in which 1% of humanity controls as much wealth as the other 99% will never be stable. I understand that the gaps between rich and poor are not new. But just as the child in a slum today can see the skyscraper nearby, technology now allows any … (12:33–12:42)
CLAIM
Asserts that extreme wealth inequality is destabilizing.
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