4 ms·
Inequality in the context of this interview means wealth distribution. It does not refer to racial equality, as I interpret your reference to affirmative action
by maxhallinan 8y ago
Inequality in the context of this interview means wealth distribution. It does not refer to racial equality, as I interpret your reference to affirmative action. "...We Got More Inequality" refers to the ease with which people can borrow money from a bank. New regulations make it more expensive for banks to loan money to people with relatively less capital. So those with less capital have less access to credit. This includes people who are capable of paying off the loans. And those with more capital have easier access to credit, simply because it is less expensive for the bank. So now it is easier for the wealthy to grow their wealth and the result is a less even wealth distribution.