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Capitalism is the story every modern economy tells about itself. But is anyone actually living it? From prehistoric obsidian traders to trillion-dollar bailouts, this episode traces the real history of capitalism — the version Adam Smith theorised, the version Karl Marx feared, and the version governments quietly practice while publicly preaching the free market gospel. We go inside the 2008 financial crisis, the 2020 pandemic stimulus, and the uncomfortable truth that in America, France, and China alike, the rules of capitalism apply rigorously to the small — and get suspended gracefully for the large. True capitalism may be the biggest myth the modern world has ever agreed to believe.
capitalism, free market, Adam Smith, Karl Marx, 2008 financial crisis, Federal Reserve, stock market, geopolitics, economic history
Hosted on Acast. See acast.com/privacy for more information.
By Fault Lines4.5
88 ratings
Capitalism is the story every modern economy tells about itself. But is anyone actually living it? From prehistoric obsidian traders to trillion-dollar bailouts, this episode traces the real history of capitalism — the version Adam Smith theorised, the version Karl Marx feared, and the version governments quietly practice while publicly preaching the free market gospel. We go inside the 2008 financial crisis, the 2020 pandemic stimulus, and the uncomfortable truth that in America, France, and China alike, the rules of capitalism apply rigorously to the small — and get suspended gracefully for the large. True capitalism may be the biggest myth the modern world has ever agreed to believe.
capitalism, free market, Adam Smith, Karl Marx, 2008 financial crisis, Federal Reserve, stock market, geopolitics, economic history
Hosted on Acast. See acast.com/privacy for more information.