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.
In the wake of a blocked merger between the German and French rail giants Siemens and Alstom, Luigi and Kate debate the role of global antitrust regulators. How do they protect consumers while also helping domestic companies compete with state-supported rivals from China?
Are millennials giving up on capitalism? A recent survey found a majority now prefer socialism. Luigi gets the scoop from Kate, who says most simply want European-style social welfare, student-loan debt relief and campaign finance reform.
Kate and Luigi discuss the health hazards and economic costs of air pollution and contaminated drinking water from the toxic chemical PFOA (C8), which has been used in the manufacture of Teflon. How did DuPont skirt regulation and avoid corporate responsibility for so long?