The Dirty Secret of Capitalism

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Notes - 2014 Speech

  • Since 1980, wages of CEOs went from 30x median to 500x median.
  • "Let's shrink the size of the government, but not by slashing poverty programs, but by ensuring that workers are paid enough, so they don't actually need those programs.
  • "Divine right" of kings shifted to "trickle-down economics" of the 20th century.

How Economic Inequality Harms Society

  • Wealth in rich countries doesn't affect prosperity. Level of equality affects prosperity in rich countries.

Links

  • Other critiques of capitalism - Mexie on postcapitalism - [1]