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.
With the Democratic primary heating up and billionaire candidates such as Michael Bloomberg spending significant sums of their own personal fortunes, Kate and Luigi break down the economics of money in politics.
Kate and Luigi turn their attention to failures of capitalism outside of the United States—specifically, in Russia. To do so, they chat with Russian president Vladimir Putin’s so-called number one enemy, financier and activist Bill Browder.
What should we do to fix American health care? Could Democratic candidates Elizabeth Warren and Bernie Sanders be right that Medicare for All would be better? Would a single-payer system fix all the frictions in the industry? Kate and Luigi delve into the economics of the health-care debate.
Two recently proposed rule changes at the SEC would transfer more power to CEOs. But do we really want to empower managers to operate with fewer checks and balances? Kate and Luigi sit down with SEC Commissioner Rob Jackson to talk through these issues and debate the proposed rules.