https www youtube com watch v q2gO4DKVpa8 In the video, Nick Hanauer makes his case that we need a new kind of capitalism to prevent rising inequality and social breakdown However, in the same talk he says that capitalism tends toward, inexorably, inequality, concentration, and collapse Do you agree with Nick Hanauer that the best solution to rising inequality is to try to shift from neoliberal capitalism to a different type of capitalism that emphasizes increasing wages to produce more consumer spending Or do you think that capitalism will inevitably produce too much inequality, and society would be better off switching to a different type of economic system (such as one of those shown in the figure below) Or do you think the current system of neoliberal capitalism is working just fine Explain your choice Will the profit interests of the capitalist class and the class conflict in capitalism prevent significant increases in real wages and reductions in inequality Even if we are able to lower inequality again (like in the mid 1900s), will the class conflict inherent in capitalism eventually lead to another long term shift toward higher inequality (like during the last 40 years)

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Posted on Jun 26, 2024

https://www.youtube.com/watch?v=q2gO4DKVpa8 In the video, Nick Hanauer makes his case that we need a new kind of capitalism to prevent rising inequality and social breakdown. However,

https://www.youtube.com/watch?v=q2gO4DKVpa8

In the video, Nick Hanauer makes his case that we need "a new kind of capitalism" to prevent rising inequality and social breakdown. However, in the same talk he says that capitalism "tends toward, inexorably, inequality, concentration, and collapse."

Do you agree with Nick Hanauer that the best solution to rising inequality is to try to shift from neoliberal capitalism to a different type of capitalism that emphasizes increasing wages to produce more consumer spending? Or do you think that capitalism will inevitably produce too much inequality, and society would be better off switching to a different type of economic system (such as one of those shown in the figure below)? Or do you think the current system of neoliberal capitalism is working just fine? Explain your choice.
Will the profit interests of the capitalist class and the class conflict in capitalism prevent significant increases in real wages and reductions in inequality? Even if we are able to lower inequality again (like in the mid-1900s), will the class conflict inherent in capitalism eventually lead to another long-term shift toward higher inequality (like during the last 40 years)?