4min chapter

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Ep349 - Robert Reich | Preparing the Economy for AI

Talks at Google

CHAPTER

The Systemic Effects of American Capitalism

In the 1950s one out of three people in the private sector was a member of a labor union now fewer than 7% are unionized workers. The cumulative effect of every big company pursuing its own interests is all sorts of monopolistic and monopolistic outcomes that actually take money from average working people. I had a meeting a couple of months ago with a fellow named David Bratt how many of you know he is a politician? He deposed Eric Cantor by saying that Eric Cantor was guilty of crony capitalism. This is not a partisan issue and so we've got to figure out how to strengthen democratic institutions.

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