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How Lobbying Led to Crony Capitalism, with Brody Mullins
As the United States elections draw near, everyone is wondering who will take control of Washington next. In this week’s Capitalisn’t episode, Pulitzer Prize-winning reporter Brody Mullins reveals how the real winner will be neither Democra
Mailbag: UBI, AI, and Does Luigi Believe in "Free Time"?
You asked and we answered: Over the last year, we have solicited listeners’ questions via voicemail, email, and social media. In this episode, our producer, Matt, turns the tables on Bethany and Luigi and puts them in the hot seat to answer
Harris vs. Trump: Economics Beyond The "Vibes"
Last week, United States presidential candidates Kamala Harris and Donald Trump delivered hour-long speeches outlining their economic policies for the country if they win in November. This week on a special episode of Capitalisn’t, Bethany
Can Democracy Coexist With Big Tech? with Marietje Schaake
International technology policy expert, Stanford University academic, and former European parliamentarian Marietje Schaake writes in her new book that a “Tech Coup” is happening in democratic societies and fast approaching the point of no r
Universities and Politics: Should They Mix? with Hanna Gray
America’s universities have powered its economy by developing an educated workforce and producing transformative technology, including the internet and vaccines. They were seen as vehicles for social mobility; when veterans returned home fr
Raj Chetty's Surprising New Insights On How Children Succeed
Is race a more consequential determinant of social mobility than class? How and under what circumstances do Americans move up the economic ladder? For years, Harvard economist Raj Chetty has leveraged big data to answer these questions. In
The End of Google As We Know It?
This week we're taking a quick summer break, but in the meantime, we wanted to re-share a special episode that is relevant in the news again. With the recent federal court ruling that Google engaged in illegal monopolization of internet sea
Dani Rodrik on the New Economics of Industrial Policy
Harvard professor of international political economy Dani Rodrik has long been skeptical of what he calls "hyperglobalization," or an advanced level of interconnectedness between countries and their economies. He first introduced his theory
The Economic Costs of a Phone-Based Childhood, with Jonathan Haidt
In one of this year's bestselling books, "The Anxious Generation: How the Great Rewiring of Childhood is Causing An Epidemic of Mental Illness," New York University social psychologist Jonathan Haidt argues that today's childhoods spent und
Immigration in America: Data and Myths, Revisited With Leah Boustan
If democracy is a social contract, why don’t we allow everybody who is willing to sign it? Why don’t we have open borders for immigration? In their book "Streets of Gold: America's Untold Story of Immigrant Success," Princeton University’s
Joseph Stiglitz's Vision of a New Progressive Capitalism
In the last 60 years, few economists have contributed more to exposing the failures of capitalism than Joseph Stiglitz. Formerly the chief economist of the World Bank and chair of the U.S. Council of Economic Advisers under President Bill C
Capitalism-Was: What Happened to the American Dream? With David Leonhardt
Is the famed American Dream still attainable for the immigrants and working class of today? What made America the land of opportunity — and if it isn't the same anymore, what happened to it? Joining co-hosts Bethany and Luigi to discuss the
The Money Behind Ultra-Processed Foods, with Marion Nestle
Critics of the food industry allege that it relentlessly pursues profits at the expense of public health. They claim that food companies "ultra-process" products with salt, sugar, fats, and artificial additives, employ advanced marketing ta
The Economics of Student Protests
Over the last few weeks, university politics has captured headlines as students across the country occupy sections of their campuses and demand that their schools divest from Israel in protest of its contentious war in Gaza. Last week for C
Is Private Credit In The Public Interest? with Jim Grant
The meteoric rise of private credit over the last decade has raised concerns among banks about unfair competition and among regulators about risks to financial stability. Historically, regulated banks have provided most of the credit that f
Ralph Nader's Capitalism
"The only true aging is the erosion of one's ideals," says Ralph Nader, the former third-party presidential candidate who just turned 90 after more than 60 years of consumer advocacy and fighting for small business in America. From influenc
The New Business Of News, with Ben Smith
Given the recent mass layoffs, acceleration of media consolidation, continued decline of local journalism, and rapid uptake of generative AI, the news industry—fundamental to institutional accountability in capitalist democracies—appears to
Poverty in America: Terrible Scourge or a Measurement Error?
Perhaps the biggest evidence that capitalism in America doesn’t work, at least not for everyone, is growing income inequality and the persistence of poverty. But what is the current state of poverty and inequality in the United States? Why
When a Few Financial Institutions Control Everything, with John Coates
In his recent book, "The Problem of Twelve: When a Few Financial Institutions Control Everything (https://www.amazon.com/Problem-Twelve-Financial-Institutions-Everything/dp/B0BW67PX7B)," Harvard law professor John Coates sheds light on the
Is Short Selling Dead? With Jim Chanos
The Wall Street Journal wrote that “Wall Street's best-known bear is going into hibernation" after the legendary short seller Jim Chanos announced he would close his main hedge funds late last year, in part due to diminishing interest in st
Manufacturing Influence, with Emily Hund
According to the latest industry statistics (https://www.statista.com/statistics/1092819/global-influencer-market-size/), the global influencer economy grew from $1.7 billion in 2016 to $21.1 billion in 2023 — and it's only expected to grow
The Capitalisn't of Banking, with Anat Admati
It's been nearly 16 years since the federal government bailed out Wall Street to the tune of $700 billion in response to the financial crisis that precipitated the Great Recession. The idea that the public must guarantee critical financial
Ask Luigi Zingales Anything
After two seasons and 163 episodes, Capitalisn’t hosted its first-ever live event late last year. As part of the University of Chicago Podcast Festival, co-host Luigi Zingales fielded questions from three UChicago undergraduate students — S
Who Controls AI? With Sendhil Mullainathan
The firing, and subsequent rehiring, of OpenAI CEO Sam Altman raises fundamental questions about whose interests are relevant to the development of artificial intelligence and how these interests should be weighed if they hinder innovation.
Raghuram Rajan’s Vision Of An Indian Path To Development
After discussing the trajectory of China's economy earlier this year, Luigi and Bethany turn their attention to the future of another global economic behemoth: India. Joining them is renowned Indian economist Raghuram Rajan, who has a brand
How Big Law Firms Shape Capitalism, With David Enrich
After previously exploring the worlds of 'consultants for sale' and 'scientists for sale,' Luigi and Bethany turn their attention to another broken system of 'enablers' - the world of lawyers for sale. With award-winning investigative journ
The Capitalisn't of Crypto: SBF and Beyond, with Zeke Faux
In his new book "Number Go Up," Bloomberg News investigative reporter Zeke Faux takes readers on a wild ride through the world of cryptocurrency, from its origins in the dark corners of the internet, its meteoric rise to mainstream populari
When Capitalism Becomes Tyranny, with Sohrab Ahmari
In his new book, Sohrab Ahmari argues that the concentration of economic power in the hands of a few corporations has created a new form of tyranny in America. "Coercion is far more widespread in supposedly noncoercive societies than we wou
The Capitalisn't Of The U.S. COVID Response, With Bethany McLean
In her brand new book (https://www.penguinrandomhouse.com/books/670529/the-big-fail-by-joe-nocera-and-bethany-mclean/), "The Big Fail: What the Pandemic Revealed About Who America Protects and Who It Leaves Behind," Bethany and her co-autho
Science for Sale, with David Michaels
How does science become public policy? It's not always as straightforward as it might seem. In his book "The Triumph of Doubt: Dark Money and the Science of Deception," leading public health expert and former Clinton/Obama administration of
