The most productive period in human history was the 19 twenties, of the 19 fifti as the greatest rate of productivity growth. i think obviously we moved beyond the forms of social organization that pre existed capitalism. And even those nineteenth century institutions themselves were built on a process precisely expanding the market by democratizing the institutions within which the market lived. So i actually, the way i read the last 300 years is a gradual process of building greater and greater economies of scale and building democratic in tions to govern those.
Author and Microsoft executive Glen Weyl talks about radical reforms of capitalism with EconTalk host Russ Roberts. Weyl is worried about the concentration of corporate power, especially in the tech sector. But rather than use the traditional tools of antitrust, he has a more radical strategy for reorganizing corporate governance entirely.