Glen Weyl: The Myth of Individualism, Radical Markets, New Societies
Musing Mind Podcast
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Is There a Conflict Between Capital and Labor?
Labour is owned in a much more diffuse way than capital is. We know that some people earn far higher ries than others do. Much of inequality has come not from inequality in labor income, but from the fact that capital income is so much more concentrated and earns a significant share of the economy. But if capital comes to be more commonly owned, more broadly owned, than labor does, then the whole dynamics could completely reverse.
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