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 first episode of a three-part series on antitrust law, Kate and Luigi talk with antitrust expert Carl Shapiro about the evolving concept of consumer welfare and whether antitrust law needs to change with the times.
Paul Tucker, a former official at the Bank of England during the 2008 financial crisis and author of the new book Unelected Power, explains to Kate and Luigi how technocratic hubris can imperil democracy.