Our fifth class begins our focus on power — and on the relative weakness of workers and the relative power of big corporations

Background: It’s one of the oldest struggles inside the American economy and within capitalism worldwide: between labor and capital. And it has a direct effect on inequality.The way we’ll approach it today is by looking at two sides of the same coin: antitrust laws designed to contain the market power of corporations, and labor laws designed to allow workers to organize.

Both sets of laws have been changed over the last 40 years — giving corporations greater market power, and dramatically reducing the power of organized labor. We’ll examine why these changes have occurred.

Ready? Here goes!

IN THIS LESSON