5min chapter

The Prof G Pod with Scott Galloway cover image

Rewriting the Rules of Capitalism and Public Investment — with Mariana Mazzucato

The Prof G Pod with Scott Galloway

CHAPTER

The Uncoupling of Wages and Productivity

Until about 19 70, wages and productivity rose somewhat in tandom. And then in 19 70, something happened. Productivity kept going up, but wages sort of flatlined. The choices we have made around investment within the private sector has led to this uncoupling. We can also learn from other parts of the capitalist world, for example, how they govern companies,. How they govern government. But the main thing is that with the current status quo global with this form of capitalism, we're not going to be able to tackle the biggest problems of our time.

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