Trade Increases Inequality (older, longer version)
Channel: leftymathprof
Date: 07/01/2021

Inequality has become enormous in our society. That's because trade gives greater profit to whichever trader was already in the stronger bargaining position. The transcript for this video is at https://leftymathprof.wordpress.com/transcripts/#trade

A later, shorter version of this essay is available at https://leftymathprof.wordpress.com/trade/

This video just barely mentions the fact that great economic inequality has terrible consequences -- poverty, corruption, war, etc. That topic is explored in much greater detail in another video of mine, at https://www.youtube.com/watch?v=e2_k8Rpo5XA