How the drive for efficiency leads to greater wealth concentration and threatens capitalism. What can be done about it.

Topics covered include:

Why income growth has slowed for the middle class
Why the economy now follows a power-law distribution rather than a normal distribution, leading to skewed outcomes
Why the economy is a complex adaptive system rather than a machine
How the type of job you have and the company you work for affects your income
Why greater efficiency increases the risk of catastrophic collapses
What are ways to balance efficiency with resiliency

Show Notes

For more information on this episode click here.

The Economy Is Not a Machine 25:31 Share

Money For the Rest of Us