Cronyism, privatization, and public choice

Panel discusses contracting risks, public choice incentives, and why politicians pursue visible giveaways.

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Transcript

Episode notes

This week, editors Peter Suderman and Katherine Mangu-Ward are joined by Senior Editor Robby Soave and reporter Reem Ibrahim to discuss California Gov. Gavin Newsom's "free diapers" initiative and the political controversy surrounding its nonprofit structure. The panel examines whether the program is a useful benefit for new mothers or another example of government turning a simple problem into an expensive, politically connected spending project. They also consider what the backlash reveals about California governance more broadly, from high-speed rail to homelessness spending to a troubled 911 program, and whether frustration with the state's Democratic establishment is creating an opening for Los Angeles mayoral candidate Spencer Pratt.

Next, the panel turns to Rep. Alexandria Ocasio-Cortez's (D–N.Y.) claim that billionaires cannot ethically earn their wealth and her argument that the American Revolution was a revolt against the billionaire class. They also discuss President Donald Trump's ongoing conflict with Iran, whether the war has weakened his negotiating power ahead of a meeting with Chinese President Xi Jinping, and what the fallout could mean for U.S. credibility abroad. The editors then examine escalating fights over redistricting in Virginia and Florida. Finally, a listener asks whether rising ticket prices and corporate consolidation are evidence that government should play a larger role in regulating mergers and competition.

0:00—Newsom's "free diaper" program

13:04—Pratt's mayoral campaign

17:30—AOC attacks billionaires

28:40—Has America lost in Iran?

38:51—Listener question on ticket prices

46:00—Redistricting battles escalate nationwide

53:23—Weekly cultural recommendations