Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy podcast

#1764 Wealth Inequality is Bad for Society and There's No Good Counterargument

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Air Date: 1/14/2026

Being a bad person who doesn't care about others is helpful in one's pursuit of becoming wealthy. However, becoming wealthy is also helpful in becoming a bad person who doesn't care about others, not that anyone sets out with this as a goal but it is a natural byproduct of wealth and the normal functioning of our market economy. What this means is that the nature of money, market dynamics, and wealth to corrode morality is a systemic problem, not a collection of individual failings, and should be addressed as such.

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KEY POINTS

KP 1: The Truth About Income Inequality No One Told You - UNFTR Media - Air Date 7-21-25

KP 2: K-shaped Economy: Why the Wealthy Are Thriving as Most Americans Fall Behind - PBS NewsHour - Air Date 10-14-25

KP 3: Chris Hedges: The Warped Psychology of the Rich - The Chris Hedges YouTube Channel - Air Date 6-24-25

KP 4: The Capitalist Mindset - The Market Exit - Air Date 12-9-25

KP 5: How Power Corrupts Part 1 - The Art of Manliness - Air Date 4-6-22

KP 6: Where Are Americas Leaders? - Robert Reich and Inequality Media Civic Action - Air Date 1-6-26

KP 7: Why WORKERS Should OWN Companies - The Market Exit - Air Date 4-30-25

(00:48:50) NOTE FROM THE EDITOR

On all the reasons we need to squash wealth inequality

DEEPER DIVES

(01:02:59) SECTION A: THE EFFECTS OF WEALTH INEQUALITY

A1: The USA Is a "Third World" Country for Millions of Americans - Raising Wildflowers - Air Date 7-13-25

A2: The Shocking Truth About Wealth Inequality in America - Established Context - Air Date 2-22-2025

A3: How Wealth Corrupts Democracy with Christy McGillivray - Head in the Office - Air Date 10-24-25

A4: How Power Corrupts Part 2 - The Art of Manliness - Air Date 4-6-22

A5: UK Budget - The End of Democracy? Part 1 - Garys Economics - Air Date 11-23-25

(01:42:01) SECTION B: THE MINDSET OF THE RICH & POWERFUL

B1: RESOURCE WARS and the Economics of Scarcity with Richard D Wolff - Jacobin - Air Date 9-4-24

B2: Tax Is Not Theft: Why the "It's My Money" Argument Is Wrong - Richard J Murphy - Air Date 12-18-25

B3: The Jacob Rees-Mogg Illusion: Why the Rich Think They're the Victims - Barry's Economics - Air Date 11-16-25

B4: The Fraud Behind Our 'Thought Leaders' - The Chris Hedges YouTube Channel - Air Date 1-5-26

(02:18:09) SECTION C: TAX THE RICH

C1: 'People Are so Disgusted' - Economist Thomas Piketty on Why We Need a Wealth Tax - Channel 4 News - Air Date 12-10-25

C2: UK Budget - The End of Democracy? Part 2 - Garys Economics - Air Date 11-23-25

SHOW IMAGE CREDITS

Description: A horizontally split image of two photos: on top, an extravagant yacht sailing at sunset. On bottom, an open wallet with some $1 bills inside and some coins spilling out.

Credit: Internal composite design. Images: "Wallet" and "yacht" via Pixabay | Pixabay license

 

Produced by Jay! Tomlinson

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