S7 E11: Better Capitalism?
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Rethinking Capitalism: Profit vs. Purpose
This chapter critiques the traditional mentality of profit-maximization in capitalism, arguing for a more sustainable business model. It highlights the rise of monopolistic practices in successful tech companies and discusses the detrimental effects of stock buybacks on employee welfare and community investment. Suggestions for reform, including stronger regulations and the introduction of transaction taxes, aim to foster a more equitable and responsible economic framework.
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