Thursday, August 11, 2016

Geoffrey Hodgson — How Capitalism Actually Generates More Inequality

At least nominally, capitalism embodies and sustains an Enlightenment agenda of freedom and equality. Typically there is freedom to trade and equality under the law, meaning that most adults – rich or poor – are formally subject to the same legal rules. But with its inequalities of power and wealth, capitalism nurtures economic inequality alongside equality under the law.…
Evonomics
How Capitalism Actually Generates More Inequality
Geoffrey Hodgson | research professor at Hertfordshire Business School, University of Hertfordshire, England

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