26min chapter

Capitalisn't cover image

Capitalism-Was: What Happened to the American Dream? With David Leonhardt

Capitalisn't

CHAPTER

The Impact of Globalization and Immigration on American Workers

This chapter delves into the 1999 pivotal moment when the Clinton administration leaned towards globalization, promoting neoliberal policies that opened up trade and led to economic consequences for the U.S. The conversation expands to discuss the effects of immigration on American workers, including research indicating negative wage effects, and the different perspectives on capitalism and corporate power. It also explores the disconnect between elite values and working-class beliefs, advocating for a more democratic approach within the Democratic Party.

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