Addressing Persistent Economic Inequality: Yakov Feygin

Yakov Feygin, associate director of Berggruen's Future of Capitalism Program, gave a keynote presentation on his recent research work for PLANADVISER's one-day digital learning seminar, "Building Your Practice in 2021,"

At the seminar, Feygin explained that the current level of wealth inequality in the U.S. is not an intrinsic characteristic of a market-based economy. It is, rather, largely the result of the imbalanced monetary and fiscal regime that has existed in the nation since short periods of high inflation seen in the mid-1970s and the early 1980s. However, he believes that the pandemic is a breaking point and a test case for a new kind of emerging fiscal regime that can improve the overall wealth distribution.

Watch his full presentation here.

For a written summary visit www.planadviser.com/exclusives..../new-telling-story-p