Is Wealth Inequality Entrenched in Our Legal Code? With Scholar and Author Katharina Pistor

Money doesn’t grow on trees, but we know some people have vast reservoirs of wealth at their disposal. In certain cases, their tools for wealth creation are passed down from generation to generation. Why do these bottlenecks happen and why does wealth inequality exist? How can we work towards a more equitable society, where those in poverty have a better chance at upward mobility? The answers to these questions aren’t easy, especially when the law itself appears to be a hindrance to the masses. In this episode, Katharina shares her valuable insights on how the law works—and why it is not working in favor of the most vulnerable. The Legal Code’s Role in Inequality: Policymaking around assets is concerned with creating conditions where everyone can prosper. As a result, the legal code is constantly designed and redesigned in an attempt to evolve alongside society.