How Precarity Puts Capitalism on Edge
The Rhodes Center Podcast with Mark Blyth
00:00
Precarity, Not Inequality, Is the Real Grievance
The rich and highly skilled suffer precarity either because their money is invested in volatile financial markets, or because of the performance pressures they have on their jobs. They're basically miserable, although they're envied as being the winners of capitalism and of globalization. In capitalism, the poor often envy the rich. So there is not so much concern with inequality on the end of the impoverished people. The harder the struggle to achieve access in status within that world, the more that we value it. This runs all the way to the top because no one gets to escape. It's not just the bottom. It filters all the way up.
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