Even the most ardent supporters of capitalism would have to admit it isn’t a perfect system. Inequality is built into it. In a capitalist system there are naturally going to be winners and losers. Not all winners won fairly, and not all losers lost because they didn’t play well enough.
The clip we chose for this week discusses possible ways capitalism as we know it may end or at least evolve. There are some solid points made in the video. It talks about wealth inequality, a move towards a digital economy, and advances in technology reducing the human labor pool. In the clip they theorize this could spring forth a slightly different type of capitalism. One far different than what we now have. We know not everyone will agree with the assertions found in the clip; we certainly don’t, but we think there are some interesting ideas in it worth sharing. Enjoy.