This chapter examines the effects of financialization on the American economy, emphasizing the growing inequality in wealth distribution. It critiques the evolution of corporate responsibility, the rise of private equity, and the historical context of wealth ownership in relation to modern capitalism's failings. The conversation raises awareness of the socio-economic implications of these trends and highlights a shift in political ideologies towards addressing these disparities.
S7 E7: Gilded Age 2.0
After 40 years of neoliberalism, most Americans of every political stripe agree that the economy is “rigged” in favor of corporations and the wealthy. But we may not know the half of it.
By John Biewen, with co-host Ellen McGirt. Interviews with Nancy MacLean, Edward Balleisen, Brad DeLong, Marjorie Kelly, and Oren Cass. Story editor: Loretta Williams. Music by Michelle Osis, Lilli Haydn, Chris Westlake, Alex Symcox, and Goodnight, Lucas. Music consulting by Joe Augustine of Narrative Music.
"Capitalism” is a production of the Kenan Institute for Ethics at Duke University, in partnership with Imperative 21.