Wages, Climate, and Capitalism: A Complex Nexus

This chapter examines the slow wage growth attributed to low productivity and critiques the simplistic narrative surrounding big business and climate change, advocating for collaboration between businesses and government. It delves into the rising skepticism towards capitalism, challenging the historic dichotomy of capitalism versus communism, while highlighting factors like market concentration and innovation. The discussion ultimately explores the intricate relationship between entrepreneurship, market dynamics, and the impact of large firms on startup rates.