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Academic Literacy I: Myth of Individual Opportunity
When The Blackstone Group bought a company and immediately laid off 841 people to boost profitability, the investors made a killing at the expense of the employees whose lives were derailed. In this program, Bill Moyers talks with best-selling journalist Barbara Ehrenreich—author of Nickel and Dimed: On (Not) Getting By in America and Bait and Switch: The (Futile) Pursuit of the American Dream—about the real-world impact of the growing inequality gap between the increasingly wealthy and an eroding middle class.
We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.