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EssentialThe Essential Conversation

Tom Steyer on Generational Theft and Economic Justice

Featuring Tom Steyer and Ed Harrison

Feb 17, 2021 • 40 minutes

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Essential

The Essential Conversation

Tom Steyer on Generational Theft and Economic Justice

Tom Steyer explains how COVID-19 has exacerbated inter-generational tensions & why he can't separate these issues from social issues & climate change.

Featuring Tom Steyer and Ed Harrison

Feb 17, 2021 • 40 minutes

Tom Steyer, founder of NextGen America, argues that the low rate of political participation in America from younger generations is a result of older generations profiting from the system to the detriment of younger generations. In this interview with Real Vision managing editor Ed Harrison, Steyer touches on how the pandemic has exacerbated and exposed these issues and why he cannot separate these economic issues from social issues or climate change. In addition to tackling this intergenerational rift, Steyer is also keenly focused on the lack of opportunity in the banking system, which led him to starting the Beneficial State Bank. He also lends his take on regulation vs. antitrust of monopoly businesses and why he views deficit spending as an investment in America's future rather than a sunk cost. Filmed on February 11, 2021. Key Learnings: The current political and economic systems are broken for younger generations—they have been put at a disadvantage as older generations have been able to reap the benefits offered by the current regime at the expense of those who are younger. As long as these inter-generational tensions persist, they will continue to boil over into markets and create potentially destabilizing effects like with GameStop if left unaddressed. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

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The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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