DSOC 1101 Lecture Notes - Lecture 15: Progressive Tax, Stephen Hawking, Dot-Com Bubble

• School: Cornell University
• Department: Development Sociology
• Course: DSOC 1101
• Professor: Tom Hirschl

Document Summary

87) inequality, economic growth and financial bubbles: due to inequality, economic growth tends to be driven by financial bubbles. Political dilemmas racially framed by media and popular organizations: freddy gray - african american male who died in custody in baltimore, is police violence. A race problem, a problem of police mis(conduct) Or a class problem related to unemployment, poverty, and homelessness. Answer: if machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure--- . Negative response to hawking from silicon valley moful (mark andreessen: tweeted hawking was trotting out old rhetoric, shorter stephen hawking: for hundred of year, people who claimed that machines reduce jobs have looked silly. Positive response from mit professor (hirschl has more respect for: my reading of the data is that technology is the main driver of the recent increases in equality.