In this week’s featured TED talk Nick Hanauer – entrepreneur, venture capitalist and self-described “obscenely rewarded” plutocrat – warns of the dangers of wealth inequality.
If the divide between the richest and the poorest keeps growing at its current rate, Hanauer warns, then society will soon reach inequality levels not seen since pre-revolution 18th century France.
“I have a message for my fellow plutocrats, and zillionaires and anyone who lives in a gated bubble world: wake up. Wake up. It cannot last,” he says.
“If we cannot do something to fix the glaring economic inequities in our society, the pitchforks will come for us.
“It’s not a matter of if, it’s a matter of when.”
But, Hanauer continues, there is a convincing business case for tackling inequality too.
To watch this video on the TED website, click here.
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