Capitalism Hasn't Failed, Government Failed First: Steven Rattner

The video discusses the interplay between capitalism and government, emphasizing that capitalism requires strong governmental guardrails to function effectively. It highlights the impact of globalization, noting both benefits and drawbacks such as income inequality. The video critiques the diminishing role of government in economic policy since the 1980s, pointing out issues like stagnant minimum wage and reduced antitrust enforcement. It also addresses corporate governance failures, particularly in executive compensation. Historical parallels are drawn with the Progressive Era, suggesting that reforming and strengthening government is key to improving capitalism.

What does the text suggest is necessary for reforming capitalism?

What are some responsibilities that companies are being asked to take on in the absence of strong government?