Capitalism is losing its luster.
Most millennials in the U.S. now say they prefer socialism. Inequality is rising, as those at the top take more of economic winnings. Anger and despair have risen among many of those who are being left behind. Populism is on the rise, on the political left and right.
Capitalism and democracy were once seen as symbiotically related: a broadly market economy embedded within a liberal, representative demos. Now the partnership is in question, in part because of the perceived failure of democratic institutions to generate shared economic prosperity.
So: what’s next? State capitalism? Socialism? A basic income?
An expert panel discusses these issues, featuring: Leslie McCall, presidential professor of sociology and political science and associate director of the Stone Center on Socio-Economic Inequality at The Graduate Center; Vanessa Williamson, senior fellow at the Brookings Institution and author of Read My Lips: Why Americans Are Proud to Pay Taxes; and Andrew Yang, tech entrepreneur, philanthropist, founder of Venture for America and 2020 presidential candidate.