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Episode 2233: John Kay on why (almost) everything we are told about business is wrong

Keen On America

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The Evolution of Modern Capitalism

This chapter examines the transformation of economics and entrepreneurship from the Industrial Revolution to the present day. It contrasts historical business models with contemporary practices, focusing on the differences in wealth accumulation and corporate structures between figures like Henry Ford and Jeff Bezos. The discussion offers insights into the implications of these changes on individuals' interactions with capitalism, revealing how average people are linked to disproportionately large corporations through their investments and assets.

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