Do poor people make the rich richer?

Debunking Economics - the podcast - A podcast by Steve Keen & Phil Dobbie - Wednesdays

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Karl Marx argued that the bourgeoisie got rich by creaming their wealth off the proletariat who did all the work. But in this podcast Prof Steve Keen tells Phil Dobbie that it’s not the capitalists who are getting rich from the workers – it’s the often ignored “third class” of citizen, who make up a large part of the wealthiest people on the planet. And they’ve been increasing their influence over recently decades. Hosted on Acast. See acast.com/privacy for more information.