Is There an Inequality Between Capitalism and the Working Class?

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The top 1% of Americans have more wealth than the bottom 50%. That's not talking about perhaps capitalist class and the working class. But if you just look at countries that have more economic freedom, more capitalism versus less capitalism, their GDP seems to be significantly higher. So strong social net, in many ways, make it more efficient to fire people who are not good at their job.

Bhaskar Sunkara is a democratic socialist, political writer, founding editor of Jacobin, president of The Nation, and author of The Socialist Manifesto. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(13:24) – Socialism
(31:54) – Communism
(58:31) – Class struggle
(1:09:33) – Quality of life
(1:17:29) – Unions
(1:29:57) – Corruption
(1:43:15) – Freedom of speech
(1:51:38) – War
(1:59:24) – Karl Marx
(2:13:03) – Socialist vision
(2:18:28) – AI and socialism
(2:23:26) – Socialist policies
(2:48:45) – Billionaires
(2:54:43) – Bernie Sanders
(3:05:10) – AOC
(3:17:11) – 2024 presidential election
(3:22:05) – China
(3:31:06) – Jacobin
(3:38:35) – The Socialist Manifesto
(3:45:55) – Advice for young people
(3:49:28) – Meaning of life