S03, Eps. 11: What Is Wrong with Capitalism?

Alan explains why the profit-seeking incentive of businesses in a capitalist economic system is socially destructive. He discusses Marx's ideas about the exploitation of labor in his critique of classical economics, and then he makes the case that profits are mostly obtained by unequal bargaining power and the use of political power to back it up. He finishes by talking about the culture of a political movement, using Gandhi as an example.