Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
The US Economy Is A Scam
Posted
September 18, 2024
Views
43,410
Likes
1,707
Comments
249
Engagement
4.51%
September 18, 2024
43,410
1,707
249
4.51%
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16:02Now PlayingLive-streamed on September 9, 2024
Benjamin Shestakofsky, assistant professor of sociology at the University of Pennsylvania, discusses his recent book Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality.
Professor Benjamin Shestakofsky then joins, diving right into the rise of Venture Capitalism out of late 1970s/early ‘80s reforms that shifted economic and corporate power to financiers and investors, such as the opening of pensions to riskier assets and dropping capital gains taxation, pushing businesses to put a much greater emphasis on stock prices and the promise of immediate growth instead of production or sustainability.
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