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The System: Democracy, Oligarchy, and the Political Construction of Markets

Welcome to Crisis in Perception, where we examine the systems shaping our world.

Author: Robert B. Reich

This episode explores The System by Robert B. Reich as a structural analysis of how economic power transforms into political power — and how political power subsequently reshapes the economy in return.

The discussion examines lobbying, shareholder capitalism, deregulation, financial bailouts, and the erosion of countervailing institutions to explain how modern markets become systems of rule construction rather than neutral arenas of competition.

Rather than framing inequality as an…

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