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11min chapter
S7 E6: Thirty Glorious Years
Scene on Radio: Capitalism
The Impact of the Fall of the Iron Curtain on Economies and Ideologies
Discussing the economic ramifications of the fall of the Iron Curtain in 1990, this chapter juxtaposes the disparities between economies operating without the market system and capitalist market economies. It delves into the contrasting viewpoints of Friedrich von Hayek and Karl Polanyi on inequality, social justice, and the role of property rights in society, exploring the nuances of the market system and the necessity for broader societal considerations beyond profit-making activities.
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