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Event Name ACS – Where’s the Nuance?: Wealth Inequality
Start Time February 11, 2020 12:40 pm
End Time February 11, 2020 1:40 pm
Event Location Law Center, W323
Event Description

The 2009 Great Recession was the worst economic downturn since the Great Depression. The world economies have taken years to recover with some economists arguing the recovery is ongoing. Regardless, the Great Recession's decade long recovery has been the largest economic expansion in United States history. However, unlike in the post-Great Depression economy, where the United States witnessed widespread prosperity and the full emergence of the middle class, the post-Great Recession economy has seen the majority of wealth created go to the top 1%. The issue of wealth inequality is fully apparent today, but it's as old as civilization itself. Aristotle believed wealth inequality spelled disaster for any democratic society. In his view, the disappearance of the middle class led to one of two ends: either (1) the poor, now a majority, would take money from the rich, or (2) the rich, fearful of tyranny of the majority, would seek to disband the democracy. Was Aristotle on to something? Join the American Constitution Society for a discussion on wealth inequality in America and the steps needed to rectify the disparity. What is the source of wealth inequality? Is it inherent to any economy? At what point will the disparity demand action? Is the issue an existential threat to our democracy as Aristotle hypothesized? We plan to dive into these questions and more during our second discussion in our Where's the Nuance? series.

Category
Organization American Constitution Society
Representative James Taylor
Representative Email jtay142@lsu.edu
Event First Posted January 21, 2020
Event Last Updated January 21, 2020