Capitalism, wrote economist Andrew Shonfield, is “the great engine of prosperity of the postwar Western world.” Karl Marx, on the other hand, asserted that capitalism sows the seeds of its own demise. Could both things be true? On the Stigler Center/CBR podcast Capitalisn’t, hosts Luigi Zingales of Chicago Booth and Kate Waldock of Georgetown examine questions that help indicate how well capitalism is—or isn’t—functioning in the context of contemporary culture, technology, and politics. For more on the show and its hosts, visit Capitalisnt.com.
As college enrollment goes up, social mobility continues its 50-year decline. Kate and Luigi look for answers in the latest research on the role of higher education. Are today’s universities engines of social mobility or simply bastions of privilege?
Luigi shops for an airline ticket and ponders how our retirement investments might be hurting our wallets. New research suggests that giant mutual funds with large stakes in the companies of one industry can lead to reduced competition and higher prices.
The new tax reform bill includes a dramatic reduction in the U.S. corporate tax rate. Is this a handout to the rich or a necessary measure to spur the economy? Luigi and Kate debate the pros and cons and break down the law’s impact on pass-through businesses.