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#349 – Bhaskar Sunkara: The Case for Socialism
Lex Fridman Podcast
Is It Better to Pay Workers a Living Wage Than to Stay in Business?
The way firms go out of business is by an explosion, like a way popcorn starts getting cooked. The state has some sort of role in fostering firms in either my version of a socialist economy or a capitalist economy to help with these time horizon problems. But more often than that, it's coming from investors,. It's coming from just a host of other market pressures that people might have. So I think this is a problem that could be solved through public policy but definitely exists today as well.
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