Human Capital-ism

Daniel Markovits is Guido Calabresi Professor of Law at Yale Law School. In this interview with Andrew Keen, he explains how the accumulation of human capital--the skills and education that enable advanced economies--has been captured by the elites. But, he argues, because these skilled workers in fields like law and finance are also laborers, they find themselves alienated in the Marxist sense, despite also achieving higher and higher incomes. To help fix democracy, Markovits says, this concentration of human capital can be addressed with education and labor reform.