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.