Tag: inequality

The K-Shaped Economy: Raging Moderates on the Moral Collapse of American Prosperity

Galloway and Tarlov’s Raging Moderates episode captures America’s moral divide: a K-shaped economy feeding the top 1 percent while MAGA normalizes hate and authoritarian awe. Between Gatsby’s glitter and populist rage, they find the same creed—power without empathy, cruelty mistaken for strength.

This summary was generated with AI assistance to capture the moral and political through-lines of Scott Galloway and Jessica Tarlov’s latest Raging Moderates episode.

The full conversation is worth your time; watch it here.

Podcast: Raging Moderates – “Trump’s K-Shaped Economy”
Hosts: Scott Galloway & Jessica Tarlov

1️⃣ The K-Shaped Economy: America’s New Gatsby Era

During the longest government shutdown in U.S. history, military families lined up at food pantries while Trump hosted a Great Gatsby-themed party at Mar-a-Lago—girls in martini glasses, confetti over unpaid workers. That tableau, the hosts argue, is the moral diagram of the K-shaped economy itself.

“Budgets are moral documents.”

“America is a terrible place to be unfortunate.”

GDP may grow 3.8 percent, but for most Americans “the bottom 90 serve as nutrition for the top 10 percent.” Markets become morality plays; as Galloway notes, “As long as the stock market is up, you can do anything—even deploy secret police with masks.”

The metrics that matter are off-book:

  • Pawn-shop sales, auto-loan delinquencies, Hamburger Helper spikes.
  • Teen self-harm, anxiety, and hunger.

These, not the S&P 500, are the nation’s true balance sheet.
The “K” is a hieroglyph of our values—one arm ascending toward excess, the other collapsing into despair.

2️⃣ MAGA’s Dark Communion

Later the hosts turn from money to morality. Their focus shifts to Nick Fuentes, whose praise of Stalin exposes what the MAGA movement has become: a coalition comfortable with white nationalism, antisemitism, and authoritarian awe.

“Strength and masculinity have been conflated with coarseness and cruelty.”

“The most dangerous person in the world is a young man without economic or romantic opportunity.”

Fuentes, Tucker Carlson, and their online echo chambers reveal a movement that glorifies domination and calls it leadership. Algorithms amplify the poison because rage pays. Ben Shapiro, once an architect of grievance media, now looks aghast at the antisemitic monster it unleashed—a moral recursion too late to contain.

3️⃣ The Moral Through-Line

Between Gatsby’s glitter and MAGA’s rage lies a single creed: power without empathy. One end worships wealth; the other worships strength. Both treat human beings as expendable.

“Budgets reflect the values of a nation.”

When compassion is weakness and cruelty is currency, prosperity becomes performative. The republic mistakes spectacle for virtue, the algorithm for conscience, and domination for destiny.

The Problem is Ignorance

Even when the odds are stacked against them and they are ill equipped to meet the challenge, it’s still their fault.

 

If I Were A Poor Black Kid – Forbes:

“President Obama was right in his speech last week.  The division between rich and poor is a national problem.  But the biggest challenge we face isn’t inequality.   It’s ignorance.  So many kids from West Philadelphia don’t even know these opportunities exist for them.  Many come from single-parent families whose mom or dad (or in many cases their grand mom) is working two jobs to survive and are just (understandably) too plain tired to do anything else in the few short hours they’re home.  Many have teachers who are overburdened and too stressed to find the time to help every kid that needs it.  Many of these kids don’t have the brains to figure this out themselves – like my kids.  Except that my kids are just lucky enough to have parents and a well-funded school system around to push them in the right direction.

Technology can help these kids.  But only if the kids want to be helped.  Yes, there is much inequality.  But the opportunity is still there in this country for those that are smart enough to go for it.”

(Via Forbes.)

Mr. Marks is exactly right the problem is ignorance.  His.  Its willfulness especially.  I don’t doubt his heart is somewhere near the right place, but seriously.  His entire argument boils down to this:  Poor black kids “don’t have the brains to figure this out for themselves” just like his presumably white middle class kids.  Further, they don’t have adults with the resources to help them.  So even when the odds are stacked against them, and like all children, are ill equipped to face these challenges alone, it’s still their fault they struggle.  You gotta love conservative ideology for it’s ability to engender doublethink.  Orwell would be impressed.