Question: Why are you not more worried about capital?

Maybe you're not so worried because you don't know what the heck I'm talking about. Let's start with a definition: Capital is stuff you own and can make money off of. For example, your house in the hills, your 10 acres of beachfront property, or the 20,000 shares of Google stock you own (I'm an optimist). OK, perhaps you don't have any of those things, but there's a small group of wealthy folks who do. They're the ones holding most of the capital.


And capital should concern you because of a man named Thomas Piketty. Piketty wrote a book called "Capital in the 21st Century" in which he collected a whole lot of data.

We won't go through all that data, but instead, let's just look at a few graphs.

Back in the day (18th and 19th centuries), the value of capital grew faster than the economy. It grew so much that by 1900, wealth in the U.K. was 700% more valuable than the national output. In other words, it was much more lucrative to just have lots of capital than to create goods and services for the economy.

Which meant — big surprise — rich folks benefited from this situation, and wealth inequality got real bad.

However, things got a little more equal in the 20th century. World wars and decolonization either blew up the wealth of those rich folks or forced them to give back some of their stuff.

And as the economy began to grow again after World War II, your average Joe (or Jane) started to gain some traction on the rich.

But here's where the upsetting part comes in: Piketty and his data suggest that since 1980, things are going backward. Capital (remember that thing?) is, once again, starting to grow faster than the economy, and rich folks are pulling away.

That means, according to Piketty, we're headed back to the (not so) good ol' days where the rich pretty much just own all the things. Plus top hats and monocles.

Check out the BBC's explainer of Piketty's "Capital" and find out what he thinks the solution is.

<span class="redactor-invisible-space"></span>
True

It takes a special type of person to become a nurse. The job requires a combination of energy, empathy, clear mind, oftentimes a strong stomach, and a cheerful attitude. And while people typically think of nursing in a clinical setting, some nurses are driven to work with the people that feel forgotten by society.

Keep Reading Show less
via Pexels

The Emperor of the Seas.

Imagine retiring early and spending the rest of your life on a cruise ship visiting exotic locations, meeting interesting people and eating delectable food. It sounds fantastic, but surely it’s a billionaire’s fantasy, right?

Not according to Angelyn Burk, 53, and her husband Richard. They’re living their best life hopping from ship to ship for around $44 a night each. The Burks have called cruise ships their home since May 2021 and have no plans to go back to their lives as landlubbers. Angelyn took her first cruise in 1992 and it changed her goals in life forever.

“Our original plan was to stay in different countries for a month at a time and eventually retire to cruise ships as we got older,” Angelyn told 7 News. But a few years back, Angelyn crunched the numbers and realized they could start much sooner than expected.

Keep Reading Show less

Courtesy of Elaine Ahn

True

The energy in a hospital can sometimes feel overwhelming, whether you’re experiencing it as a patient, visitor or employee. However, there are a few one-of-a-kind individuals like Elaine Ahn, an operating room registered nurse in Diamond Bar, California, who thrive under this type of constant pressure.

Keep Reading Show less

Prior to baby formula, breastfeeding was the norm, but that doesn't mean it always worked.

As if the past handful of years weren't challenging enough, the U.S. is currently dealing with a baby formula crisis.

Due to a perfect storm of supply chain issues, product recalls, labor shortages and inflation, manufacturers are struggling to keep up with formula demand and retailers are rationing supplies. As a result, families that rely on formula are scrambling to ensure that their babies get the food they need.

Naturally, people are weighing in on the crisis, with some throwing out simplistic advice like, "Why don't you just do what people did before baby formula was invented and just breastfeed?"

That might seem logical, unless you understand how breastfeeding works and know a bit about infant mortality throughout human history.

Keep Reading Show less

Dr. Alicia Jeffrey-Thomas teaches you how to pee.

A pelvic floor doctor from Boston, Massachusetts, has caused a stir by explaining that something we all thought was good for our health can cause real problems. In a video that has more than 5.8 million views on TikTok, Dr. Alicia Jeffrey-Thomas says we shouldn’t go pee “just in case.”

How could this be? The moment we all learned to control our bladders we were also taught to pee before going on a car trip, sitting down to watch a movie or playing sports.

The doctor posted the video as a response to TikTok user Sidneyraz, who made a video urging people to go to the bathroom whenever they get the chance. Sidneyraz is known for posting videos about things he didn’t learn until his 30s. "If you think to yourself, 'I don't have to go,' go." SidneyRaz says in the video. It sounds like common sense but evidently, he was totally wrong, just like the rest of humanity.

Keep Reading Show less