Exploring the historical rise in per-capita GDP, the chapter delves into the misleading notion of societal well-being tied to capitalism's material wealth, and discusses the negative impacts such as economic instability, environmental degradation, and climate change.
To fully grasp capitalism, it helps to understand the system it replaced – and the most meaningful differences between feudalism and capitalism. We visit the British Isles of the Middle Ages.
By John Biewen, with co-host Ellen McGirt. Interviews with Karen Dempsey, Ben Jervis, and Eleanor Janega. Story editor: Loretta Williams. Music by Michelle Osis, Lilli Haydn, Chris Westlake, Alex Symcox, and Goodnight, Lucas. Music consulting by Joe Augustine of Narrative Music. “Capitalism” is a production of the Kenan Institute for Ethics at Duke University, in partnership with Imperative 21.