Economics & Beyond with Rob Johnson cover image

Fred Block: Beyond Industrialism - Building Communities That Work for People

Economics & Beyond with Rob Johnson

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Wealth, Power, and Public Good

This chapter examines the recharacterization of investment in a democratic society, emphasizing the alarming wealth disparities and their influence on political representation. It critiques the current system where public funding supports innovation while the profits benefit a small elite, calling for reforms to address social inequalities and ethical dilemmas in industries like pharmaceuticals. The discussion urges a shift towards a model that prioritizes broad public welfare over concentrated financial interests.

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