The End of Capitalism
Program #HARD001. Recorded in Philadelphia, PA on November 30, 2011.In its long history, Capitalism has undergone many booms and busts. It is, simply put, an economic system in which a relatively large group of people, workers, sell their labor and production to a small group of people, the owners, for a wage. It generates a lot of money for the few and some for others down the economic scale. Since the crash of 2008 and the bank bailout, the share of income and wealth flowing to the top 1 percent has accelerated. In fact, the top 1 percent took more than 90 percent of all new income.
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