Is inequality inevitable?
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During the pandemic, a new billionaire was created every 30 hours. In many countries, inequality increased. Profits rose for large corporations while skyrocketing food and energy prices triggered global unrest. 60% of low-income countries are on the brink of debt distress.
Capitalism, in its rawest, most unfettered form, provides profits to investors with little regard for the well-being of workers. But there are people who are trying to change that. Stakeholder Capitalism imagines a market-based economy that works for workers while meeting the shifting demands of a rapidly changing society and technologies. In this video-podcast, Natalie Pierce and Peter Vanham explore how workers’ conditions and power have deteriorated in the last number of decades. They also look at current examples and practical ideas and policies for empowering workers and how that will benefit society as a whole. (Click here for the audio version.)
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Lesson duration 10:42