March 12, 2015

Fixing Capitalism’s Deepest Flaws

Peter Barnes, entrepreneur and former Newsweek correspondent, discusses his new book “With Liberty and Dividends For All: How to Save Our Middle Class When Jobs Don’t Pay Enough.” He argues that because of globalization, automation, and winner-take-all capitalism, there won’t be enough high-paying jobs to sustain America’s middle class in the future. Therefore, he proposes a supplementary source of nonlabor income; that we give every American a share of the wealth we own together, starting with our air and financial infrastructure.

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