2min chapter

Capitalisn't cover image

Revisiting The Meritocracy Debate With Adrian Wooldridge And Michael Sandel

Capitalisn't

CHAPTER

The Global Financial Crisis - The Failure of the Elites

The global financial crisis for the first time I saw it as systemic in the sense that the people in charge really weren't worthy of being in charge. If you think about it, these these meritocratic elites have actually governed very poorly. They brought us four decades of stagnant wages from most workers inequalities have income and wealth not seen since the 1920s. The Iraq War, a 20 year inconclusive war in Afghanistan, they brought us financial deregulation. A system of campaign finance that makes a mockery of democracy.

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