Chapter
The Ethics of Capitalism
14:51 - 30:47 (15:55)
The host and guest discuss the ethics of capitalism, how to reward innovation and hard work while reducing extreme disparities in wealth and ensuring that those at the bottom of the labor market are not exploited.
Clips
The speaker discusses the idea of rewarding innovators who improve society, while preventing extreme disparities in income and poverty.
14:51 - 22:50 (07:59)
Summary
The speaker discusses the idea of rewarding innovators who improve society, while preventing extreme disparities in income and poverty. He explores the nature of free contracts in capitalism and how individuals may take advantage of systems to dominate and coerce others.
ChapterThe Ethics of Capitalism
Episode#349 – Bhaskar Sunkara: The Case for Socialism
PodcastLex Fridman Podcast
Working-class people are true philanthropists who work long hours for a meager salary, supporting the rest of society.
22:50 - 30:47 (07:56)
Summary
Working-class people are true philanthropists who work long hours for a meager salary, supporting the rest of society. However, to truly get out from under poverty and become full participants in society, people need tools that are currently lacking in our current social structure - tools that allow them to improve their lives and the lives of their community.