The Evolution of Consumer Capitalism

This chapter examines the shift from traditional capitalism to consumer capitalism influenced by economists like Keynes and political leaders such as FDR. It discusses the rise of capitalist social democracy in post-war Europe and its subsequent decline during the economic shifts of the 1970s, leading to increased inequality. The conversation also reflects on the complexities of modern capitalism, the challenges faced by the middle class, and the implications of government regulation and monopolies.