It brings to mind a headline I saw recently,

And that is not a bad thing, in itself.

It's the same with institutions.

At that time there was a we and them.

It comes from the World Values Survey.

But another really important difference is how they get their greater equality.

It's not geography.

But there are huge differences at the same time between the better off countries and the worse off countries and there are also huge inequalities within countries.

And here, Maharashtra, with Mumbai, is forging forward.

Economic historians call this The Great Divergence.

It has to do with the fact that in a quadratic version of the error,

And you can see here that there's an exponential Great Divergence.

No man is an island.

like the Mughals and the Ottomans.

Here it is in relation to that same measure of inequality.

And this slide here is the best simplification of the Great Divergence story

There's a world of difference in the way in which young people are prepared for today's economy.

And there, you see it in relation to the measure of inequality I've just shown you, which I shall use over and over again in the data.

If I go to my output for 100 steps, I find that the y value is between 0.7 and 0.9.

And the result is an even bigger divergence in a very short space of time than happened in Germany.

And politically, it was awful.

I think I'm in a difficult position here.

And I believe if we do these things, we can close the opportunity gaps, we can close the hope gaps.

And the fact is that our healthcare system today is characterized by unconscionable disparities disparities in health on the basis of race and ethnicity, geography, orientation and socioeconomic status.

They didn't help at all.

Here we have children dropping out of high school.

And so, if you think about what that means, it means a lot more than just building a cool website.

We're only trying to improve our lives.

But most of it is about more punitive sentencing, harsher sentencing.

And if I split Guizhou into urban and rural, the rural part of Guizhou goes down there.

But one thing is for sure, the Great Divergence is over, folks.

So we conclude that it doesn't much matter how you get your greater equality, as long as you get there somehow.

One is that, in graph after graph, we find the countries that do worse, whatever the outcome, seem to be the more unequal ones, and the ones that do well seem to be the Nordic countries and Japan.

So normally if XT and XT plus one is the same, this will be zero.

They're all problems that tend to be more common at the bottom of the social gradient.

Let's eliminate disparities so we all feel thankful for everyday

And if I would also look at India, you have another type of inequity, actually, in India.

There's huge frictions if you were to buy and sell, there's 20 every time.

And I think you already get the sense that the lower the

What's changed is we now can look at the evidence, we can compare societies, more and less equal societies, and see what inequality does.

It's the main intersection. We could head him off that way.

So, this should be pretty straight forward just conceptually.

U.K., Portugal, USA, Singapore the differences are twice as big.

I'm no dierent from a can of pineapple.

About as good as you look.