Robert and Edward Skidelsky - How Much is Enough? 1/3

The video discusses the growing wealth disparities since the 1980s, highlighting the reversal of previous trends towards equality. It examines the relationship between work hours and societal equality, noting differences between the US and Europe. The concept of military Keynesianism is explored as a historical economic recovery strategy. The video proposes progressive taxation and social innovation, such as worksharing and basic income, to address societal issues and promote a good life.

What major economic trend began in the 1980s according to the transcript?

• A shift towards greater equality

• A significant increase in wealth disparities

• A decrease in consumerism

• A rise in median incomes

How did work habits in the United States change from the 1950s to the 1980s?

• There was no change in work habits

• The reduction in work hours was slower than in Europe

• Americans became workaholics

• Americans started working fewer hours than Europeans

What is military Keynesianism as mentioned in the transcript?

• A policy to increase consumer spending

• A method to resolve economic slumps through military expenditure

• A plan to decrease inequality through taxation

• A strategy to reduce military spending

Which of the following is NOT a proposed solution mentioned in the transcript?

• Increased military spending

• Worksharing

• Progressive consumption tax

• Basic income

What is the purpose of a basic income as suggested in the transcript?

• To provide a livelihood independent of employment

• To reduce state intervention

• To increase working hours

• To encourage consumerism