Has capitalism evolved to aid more people or cause more inequality?

 Is capitalism a system that has become transformed as suggested by Professor Reich? Does capitalism merit the reverence it once did or has it become outdated? Prof. Reich suggests that meritocracy is no longer in place as it once was. What is your take on Prof. Reich's ideas? As he ends, he asks the question: Is the system fair? To complement this question also watch this Ted Talk video on whether or not capitalism will always have inequality at the core of the system. Respond with your position on this question, and please remember to back your thoughts with links and coursework content. Prof. Reich’s video can be found here .  When considering your position and defence watch both videos to help you shape your response. Please don't forget to add a link to a video that will aid in your defence of your paper.

 Liberalism vs Neo-Liberalism

Define Neo-liberalism and liberalism with examples of each term. How are the two definitions similar yet quite different. In the video Chomsky proposes that neo liberalism is anti-democratic and we should be cautious of those who propose this is the way to go. On the other hand, those who believe liberalism continues to offer the path to a better society. What side are you on and how do you support your position. Use course content and/or examples we’ve viewed/discussed to respond. I will not expect you to research as much as as the last blog response but nevertheless, your response should be around 300-500 hundred words. Please place your answers in the space provided as usual as I don’t want the responses emailed to me.  You can find the main video here and for more ideas to think about, watch this one.  TY

How Wealth Inequality Spiraled Out of Control – Robert Reich

 

Capitalism (Classic Liberalism), as A. Smith saw it, was to allow all people to create wealth. According to this video, why isn’t this so? What are some roadblocks to achieving a share of the country’s wealth? Why is wealth associated with political power? How does Professor Reich see meritocracy being destroyed by increasing gaps in wealth throughout society? What steps did Teddy Roosevelt take to create a more equitable society? If people like A. Smith or JS Mills were to comment on this video, what would they say about the wealth gap? What should be done, according to Reich? The video link can be found here and if you want a deeper dive, then use this one.

Discuss the pros and cons Reich of the video message. Then, take a stand (position) on the video and discuss it with evidence from the two included links.