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Source : Robert Reich, Inequality Media, August 2022

© Vadym / Adobe Stock

Private equity : how rich people make your life more expensive

Robert Reich, Inequality Media, August 2022

Watch the video here: https://www.inequalitymedia.org/videos 
Duration: 5’09’’

In this video Robert Reich, Bill Clinton's former counciler, proves that rich people in the USA have captured the most important part of the economic growth over the past decades. The top 1 % have become richer. The problem is that their way of life won’t create the necessary economic environment to provide a reliable growth for everybody.

Vocabulary

  • Keep pace: garder le rythme
  • The Fed: la banque fédérale américaine ou banque centrale 
  • Bubble burst: éclater 

Questions

1. Who is Robert Reich and why can you consider this video as reliable?

2. Why does he mention the growing debt of the Americans?

3. Why does he compare the current situation to the great depression?

4. What is the link with low interest rates?

5. Why does he mention democracy at the end of the video?

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