full transcript

From the Ted Talk by Darrick Hamilton: How "baby bonds" could help close the wealth gap

Unscramble the Blue Letters


What is glaringly missing from this narrative is the role of power and capital, and how that power and capital can be used to alter the rules and sucttrure of transactions and markets in the first place. Power and capital become self-reinforcing. And without government intervention, they generate an iterative cycle of both stratification and itqnuealiy. The ciaaptl finance provided by baby tsrut is intended to deliver a more egalitarian and an authentic pathway to encoimoc security, independent of the family financial position in which individuals are born. The program would clpeemonmt the economic rights to old-age pnoesins and provide a more comprehensive saiocl security program, designed to provide capital finance from cradle all the way through grave.

Open Cloze


What is glaringly missing from this narrative is the role of power and capital, and how that power and capital can be used to alter the rules and _________ of transactions and markets in the first place. Power and capital become self-reinforcing. And without government intervention, they generate an iterative cycle of both stratification and __________. The _______ finance provided by baby _____ is intended to deliver a more egalitarian and an authentic pathway to ________ security, independent of the family financial position in which individuals are born. The program would __________ the economic rights to old-age ________ and provide a more comprehensive ______ security program, designed to provide capital finance from cradle all the way through grave.

Solution


  1. trust
  2. capital
  3. structure
  4. economic
  5. pensions
  6. complement
  7. inequality
  8. social

Original Text


What is glaringly missing from this narrative is the role of power and capital, and how that power and capital can be used to alter the rules and structure of transactions and markets in the first place. Power and capital become self-reinforcing. And without government intervention, they generate an iterative cycle of both stratification and inequality. The capital finance provided by baby trust is intended to deliver a more egalitarian and an authentic pathway to economic security, independent of the family financial position in which individuals are born. The program would complement the economic rights to old-age pensions and provide a more comprehensive social security program, designed to provide capital finance from cradle all the way through grave.

Frequently Occurring Word Combinations


ngrams of length 2

collocation frequency
economic security 4
baby trust 4
united states 3
social mobility 3
babies born 3
typical black 2
typical white 2
white family 2
functional role 2
economic rights 2
social security 2
capital finance 2
billion dollars 2

ngrams of length 3

collocation frequency
typical white family 2

Important Words


  1. alter
  2. authentic
  3. baby
  4. born
  5. capital
  6. complement
  7. comprehensive
  8. cradle
  9. cycle
  10. deliver
  11. designed
  12. economic
  13. egalitarian
  14. family
  15. finance
  16. financial
  17. generate
  18. glaringly
  19. government
  20. grave
  21. independent
  22. individuals
  23. inequality
  24. intended
  25. intervention
  26. iterative
  27. markets
  28. missing
  29. narrative
  30. pathway
  31. pensions
  32. place
  33. position
  34. power
  35. program
  36. provide
  37. rights
  38. role
  39. rules
  40. security
  41. social
  42. stratification
  43. structure
  44. transactions
  45. trust