Capitalism Is Not Free Market | Grace Blakeley Explains Why | It’s All Relative

2026-07-01

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The defining political emotion of the 21st century is powerlessness, says Grace Blakeley who I sat down with on this episode. Capitalism, inequality, stagnant wages, the housing crisis, Gen Z, millennials, entrepreneurship, AI, social mobility, and the future of work are all colliding in ways that are reshaping how we live, work, and think about our future.If capitalism won, why do so many people feel like they're losing? Grace argues that capitalism was never quite the free-market system we were promised. Instead, she...

The defining political emotion of the 21st century is powerlessness, says Grace Blakeley who I sat down with on this episode.

Capitalism, inequality, stagnant wages, the housing crisis, Gen Z, millennials, entrepreneurship, AI, social mobility, and the future of work are all colliding in ways that are reshaping how we live, work, and think about our future.

If capitalism won, why do so many people feel like they're losing? Grace argues that capitalism was never quite the free-market system we were promised. Instead, she suggests we live in an age of concentrated power, monopoly, political influence, and growing inequality. Together, we unpack how this affects everything from education and homeownership to entrepreneurship, community, social mobility, and our sense of freedom itself.

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