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7min chapter
S7 E6: Thirty Glorious Years
Scene on Radio: Capitalism
Economic History and the Labor Share of National Income
The chapter delves into a historical period of reduced inequality within capitalism, focusing on the labor share of national income as a key economic indicator. It details the rise and fall of labor income percentage in the United States, reflecting on the impact of policies and social movements on wealth distribution. The chapter explores the tensions between capitalism and social welfare policies, highlighting the complexities of their relationship and its implications on inequality.
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