Economist Refutes Anti-Capitalist Narrative at Dem Senate Hearing on Race

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On Thurs­day, duel­ing visions of cap­i­tal­ism and finance clashed in a Sen­ate Bank­ing Com­mit­tee hear­ing focused on the racial wealth gap. 
The event, titled “Wall Street vs. Work­ers: How the Finan­cial Sys­tem Hurts Work­ers and Widens the Racial Wealth Gap,” offered a clear mes­sage from the Demo­c­ra­t­ic sen­a­tors who framed it: cap­i­tal­ism is fail­ing mar­gin­al­ized Amer­i­cans and our finan­cial sys­tem fur­thers sys­temic oppression.
This was clear from the tes­ti­mo­ny of New School econ­o­mist Dar­rick Hamil­ton, called to tes­ti­fy by Democ­rats on the Com­mit­tee, who argued exact­ly this point.
Hamil­ton called for mas­sive gov­ern­ment inter­ven­tions into the econ­o­my, such as guaranteed …

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