Leaders recognize 'it's all going to come crashing down' without fairness in society, says Summers

The video discusses the complexities of setting economic policy amid challenges like the pandemic, recession, and racial injustice. It highlights lessons from the Mexican crisis, emphasizing the need for bold policy actions. The speaker advocates for inclusive growth measures and government investment to address macroeconomic issues. The relationship between economic fairness and growth is explored, arguing that fairness can benefit business. The video concludes with a discussion on taxation and historical economic performance, suggesting that higher tax rates in the past coincided with strong economic growth.

Discuss the relationship between economic fairness and business growth as presented in the text.

What historical context is provided regarding tax rates and economic performance in the US?