Rich and poor – the inequality gap (2/3) | DW Documentary
Video Statistics and Information
Channel: DW Documentary
Views: 1,208,114
Rating: 4.8203425 out of 5
Keywords: Documentary, inequality, charity, child poverty, Joseph Stiglitz, Christoph Gröner, Germany, DW Documentary, Documentary 2018, rich people, donations, raj Chetty, deutsche welle documentary, dw
Id: cYP_wMJsgyg
Channel Id: undefined
Length: 42min 25sec (2545 seconds)
Published: Wed Dec 12 2018
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Saw that and feel sorry for his children. He clearly knows he's a shit parent. Have to say that with,UK going, France tettering and Some of the recent info regarding German inequality, envirionmental issues, and the banks as well... the EU is looking pretty shabby even compared to how it was a few years ago.
Christoph Gröner is one of the richest people in Germany. The son of two teachers, he has worked his way to the top. He believes that many children in Germany grow up without a fair chance and wants to step in. But can this really ease inequality?
Christoph Gröner does everything he can to drum up donations and convince the wealthy auction guests to raise their bids. The more the luxury watch for sale fetches, the more money there will be to pay for a new football field, or some extra tutoring, at a children's home. Christoph Gröner is one of the richest people in Germany - his company is now worth one billion euros, he tells us. For seven months, he let our cameras follow him - into board meetings, onto construction sites, through his daily life, and in his charity work. He knows that someone like him is an absolute exception in Germany. His parents were both teachers, and he still worked his way to the top. He believes that many children in Germany grow up without a fair chance. "What we see here is total failure across the board,” he says. "It starts with parents who just don’t get it and can’t do anything right. And then there’s an education policy that has opened the gates wide to the chaos we are experiencing today." Chistoph Gröner wants to step in where state institutions have failed. But can that really ease inequality? In Germany, getting ahead depends more on where you come from than in most other industrialized countries, and social mobility is normally quite restricted. Those on top stay on top. The same goes for those at the bottom. A new study shows that Germany’s rich and poor both increasingly stay amongst themselves, without ever intermingling with other social strata. Even the middle class is buckling under the mounting pressure of an unsecure future. "Land of Inequality" searches for answers as to why. We talk to families, an underpaid nurse, as well as leading researchers and analysts such as economic Nobel Prize laureate Joseph Stiglitz, sociologist Jutta Allmendinger or the economist Raj Chetty, who conducted a Stanford investigation into how the middle class is now arming itself to improve their children’s outlooks.