"A Few People Want Everything" — Heather Cox Richardson on the Fight Over Inequality
Historian Heather Cox Richardson joins Scott Galloway and Ed Elson to debate whether today's central fight is young versus old. Richardson argues it is the same old struggle between a powerful few and everyone else.
The gist
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The hosts argue the defining issue is young versus old, noting a third of French education spending goes to teachers who no longer teach.
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Richardson says the 1850s question was really whether government protects a privileged few's property or the good of the whole community.
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Richardson sees the fight against data centers as the symbol of rising pushback against billionaires, more than against retirees.
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The hosts cite a stat that since 2022, net worth rose 37% for people 75 and older but fell 23% for those under 25.
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Richardson says frustration becomes change when new candidates carry voters' demands into office, as happened in the Progressive Era around 1900.
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