Do We Live in a “Winner Take All” Society?

Part II with Robert H Frank, Find Part I here. 

This episode focuses one of his central arguments: that growing wealth disparities are basically inefficient and lead to an arms-race of socially useless spending. In his book, The Darwin Economy, Robert H Frank argues that wealth increases of the middle classes have – since the 70s – basically fueled an arms race for bigger houses, school fees, and conspicuous consumption on consumer goods.