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Capitalism and the Standard of Living
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57:24 - 2:00:35 (1:03:10)

Marxist economist Richard Wolff criticizes the idea that capitalism has singlehandedly improved the standard of living for the mass of people and argues that every measure to help the standard of living of American workers has been fought by capitalists. On the other hand, venture capitalist Ben Horowitz counters that the government and private sector are partners and both are accountable, but have different ways of being accountable and accruing bad decisions.

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