so now please join me in welcoming thomas piketty. so hello, hello to all. that means you say i would much prefer to be there in person with politics and prose, with. [inaudible] going to sit a few words with my new book questions let me just say how strange it is to talk about the book in this context. let me tell you this is one of the events. [inaudible] inequality between the people. [inaudible] very small globe. [inaudible] continued in the streets of paris gets there to keep working in their jobs. in poor countries of course and many cases pushing out migrant workers along construction sites in some cases were pushed out and sometimes a violent manner and a massive statement of people going back to the countryside. not different from this crises the systems effectiveness. [inaudible] issuing in poor countries something -- nobody knows is his un- precedented. [inaudible] historical experience with especially 1919 people around the world have died because of the policies. what we know from this experience it was much much larger in the poor countries in

earlier today i got the chance to speak to thomas piketty, a french economist whose analysis of economicquality under capitalism has made him world famous. we talked about his new book, "capital and ideology" and all the ideas that affect capitallicism in the world right now. thanks for coming to the "daily social distancing show." ( speaking french ). >> trevor: you are one of the economists in the world many call a rock star economists. one of the things you talk about is inequality in the world. coronavirus is going to shake up the world in a big way. either there's going to be more inequality, or things are going to get fixed. just looking at the way the world is now, what do you think we're about to experience? >> i think this is one of these crises that we see that can really change people's view about the world and how we should organize the economy. because at this stage, what we see is actually a big increasing inequality. so, you know, if you have a lockdown, in your apartment, if you are in a very small apartment, or you are homeless, and marginally, you have a very loi-wage j

it is as symbolic as it gets of the innovation we have been talking about, i was talking to thomas piketty about and american innovation and tom perez. in the end when you look at what america's able to do with this you get a real sense about the fact when we come together and put the capabilities and minds together we can do amazing things. what happens now that this thing has launched? >> reporter: so the -- it'll go up into orbit and basically an unmanned space plane. that is what they put up into orbit. it will go up, we don't know how long it is going to stay up there. usually months. the last mission 700 days so it can stay up for months or years and will conduct a number of experiments. one thing we know, there's many classified experts on the mission and one is the air force academy, a number of cadets spent several years building a satellite. once it's up in orbit it will release that satellite and that will be able to gather more information and conduct some more experiments for the cadets back here in colorado springs. they will gather information back in colorado springs and le

thomas piketty made his name on it.gs a lot of people would argue, like brexit, the afd, president trump. do you think this is going to increase income inequality, and what kind of changes should we expect from that? guest: that is a deep question. you are right about 2008-2009. a lot of the job losses have the average hourly earnings number shooting up for people who remain in work. is right,ates that but that would imply plenty of geopolitical risk. right now, we are very concerned about italy, which is a slow growth economy. same kind of argument that emmanuel macron sent out a couple weeks ago. likely there will be more geopolitical issues. very interesting, where will the u.s. election go? way, in terms of the u.s. election, it should be on the side of -- look at how trump won. trump won in the classic midwestern states from a lot of voters who were on the lower paid side. in that case, the republicans won with backing for lower paid workers -- from lower paid workers. anna: some of the politics may be with us for