Class 5: “Monopoly, Labor, and Antitrust” by UC Berkeley Professor Reich

Welcome back. This is the fifth session. Number five. And let me just very, very quickly summarize where we are, how we got here, where we are going.

I started off looking at the question — the big paradox — what happened? Why are we the outlier?

Why is inequality of income and wealth so wide and widening so fast?

And why did it all start in the late seventies, early 1980s? And then we looked at why should we care? Should we care?

Is it a problem? And then we began to ask, “Well, why is it happening?”