101. Late Stage Capitalism 2: Electric Boogaloo

February 4, 2024

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Linke to documentary mentioned in this ep: https://youtu.be/yjpYzFtxfjU?si=Gi0KpKzfJoEqu_lP

Hold on tight because we're about to untangle the complex web of capitalism with our seasoned capitalism correspondent, Alex Restrepo. Ever wondered how the world of finance and economics influences your daily life? Get ready for an insightful exploration of the current economic landscape, the looming threat of inflation, and the potential strategies that the US might implement to dodge a hard recession. We're diving headfirst into the often misunderstood concept of late-stage capitalism, and Alex is here to defend the tenets of free market capitalism, guided by the wisdom from Adam Smith's seminal work, The Wealth of Nations.

We're not stopping there, though! We'll take a journey through time, examining the fascinating parallels between the Gilded Age and our current era. We'll explore how the meteoric rise of technology and AI has amplified wealth inequality, and how this mirrors the societal shifts during the Gilded Age. We'll also look back at the evolution of the American economy from the early 1900s to the late 1960s, a period marked by the "middle class boom." Delving into the critical roles played by worker rights, labor movements, and influential factors like the GI Bill, we will discuss the need for political pressure and the importance of finding common ground to spearhead change.

But it's not just about understanding the problem, it's about creating solutions and sparking change. And that's where you come in. We'll discuss the importance of having critical conversations, spreading awareness, and educating others to bring about meaningful change. We'll also take an entertaining detour to talk about the power of memes in communication, and how our Discord channel uses them to keep the conversation going. Our goal is to emphasize the need to move beyond unproductive discussions and nurture a sense of unity to effect change. So, are you ready to reshape the conversation on capitalism? Let's do it together, one episode at a time.

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