Capitalisn't

When Capitalism Becomes Tyranny, with Sohrab Ahmari

18 snips
Nov 2, 2023
Author Sohrab Ahmari discusses his book 'Tyranny Inc.' which explores the concentration of economic power and its impact on personal freedoms. The conversation touches on neoliberalism, the neglect of power in neoclassical economics, the exploitation of bankruptcy laws, and the struggle with compromise in American society.
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INSIGHT

Neoliberalism's Reach

  • Neoliberalism applies market logic to all of society.
  • Government's role becomes promoting market principles everywhere.
INSIGHT

Inherent Issues

  • Some issues with market liberalism are inherent to the system.
  • Technological advancements and power concentration exacerbate these issues.
INSIGHT

Low-Wage, High-Benefit Economy

  • The US has a low-wage, high-benefit economy, which is not ideal.
  • Employers benefit from low wages while taxpayers bear the cost of benefits.
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