Capitalism in America: The Cult of Wealth

Episode 3: Who Wants to Be a Billionaire? (1981-Today)

November 7, 2023 • 59 min

The federal welfare state controlled American capitalism until the 1973 oil crisis and recession, which led to the election of the ultra-liberal Ronald Reagan. At the dawn of the computer revolution, a generation of entrepreneurs, including Bill Gates and Steve Jobs, emerged in Silicon Valley around Stanford University, which combined public and private research.