Why We Can’t Afford the Rich

Andrew Sayer
The Majority Report with Sam Seder, 2015
Level: beginner
Perspective: Marxian Political Economy
Topic: inequality
Format: Interview
Duration: 00:27:08
Link: https://www.youtube.com/watch?v=uVP_ymo9hR4

In this radio interview, Andrew Sayer first outlines some features of neoliberalism and policies that are associated with it. Then a difference between wealth creation via investment and wealth extraction by means of lending money to those deprived of it or by acquiring property such as real estate or financial assets on the secondary market as absentee owner is established. In this context reference is made to J.A. Hobson's concept of "improperty." Finally, there are some words on the power dynamics associated with capitalism and its relation to climate change.

Go to: Why We Can’t Afford the Rich

Tags: big business | climate change | democracy | finance | internet | markets | neoliberalism | plutocracy | power | privatization | property | rentier | wealth creation | wealth distribution
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