Capitalisn't

Renowned for her incisive reporting, Bethany McLean dissects the policies, decisions, and systemic structures that exacerbated the pandemic's fallout. They analyze the failures of experts, media, and leaders in handling the pandemic, and discuss Trump's response. They explore excessive marketization and the failures of capitalism, using Rush Hospital as a case study.

David Michaels, a leading public health expert and former Clinton/Obama administration official, discusses the manipulation of science by corporate interests to protect profits. Case studies on Big Tobacco, Volkswagen, American football, and baby powder reveal the disinformation playbook used to sow doubt. The podcast explores the ethics of scientists working for consulting firms and the need for independent experts. It also discusses the role of litigation, clear disclosure on mortgages, challenges for journalists, and the importance of an independent body to verify studies.

Renowned political philosopher Patrick Deneen joins hosts Bethany and Luigi to discuss his proposed 'Regime Change' and its implications for capitalism. They explore political ideologies, compare Hungary's Orban government to the US, delve into justice and progress, critique capitalism, and consider alternative ideas to prioritize non-economic values.

Esteemed Stanford professor and expert in technology, health care, and corporate mergers and acquisitions, Susan Athey, discusses the recently released draft 'Merger Guidelines' by the DOJ and FTC and their impact on mergers, acquisitions, and the economy. The podcast explores the importance of competition, market power, and antitrust legislation, with discussions on the Microsoft case, the role of reporters, and the tension between simplicity and complexity in implementing change.

Chilean economist Sebastian Edwards discusses his book about the 'Chicago Boys' in Chile. The podcast explores the tension between democratic freedom, economic growth, and social equality. It delves into the success and consequences of neoliberal policies in Chile, the narrative and reality of the Chilean experiment, and the relevance of neoliberalism and lessons learned. The significance of income distribution, social stability, and the ongoing need for safeguards in market-based societies are also explored.

In this podcast, the hosts discuss the evolving views on antitrust and the recent changes made by the Biden administration. They explore the founding moment of antitrust law in the United States and the exploitation of vague regulations. The link between monopolies and authoritarianism is examined, as well as the concentration of power and its impact on democracy. The history of antitrust enforcement, price fixing cases, and merger regulation are discussed. The decline of monopolization cases and the challenges of litigation in this area are also explored. The lack of corporate accountability and the importance of democratic values in economic decision-making are emphasized.

Republican presidential candidates, such as Ron DeSantis and Vivek Ramaswamy, continue to keep ESG in the national conversation. Ramaswamy in particular called it "woke capitalism" in his book and on our podcast. As we take our summer break, we decided to re-release our conversation with Tariq Fancy, BlackRock’s former global chief investment officer for sustainable investing, whose criticism of ESG is based not on its goals, but rather on an insider's knowledge of how it actually works.We’re taking a short summer break as we put together some fascinating episodes on the past and future of antitrust, the shortcomings of neoliberalism, and whether science and law are for sale in our capitalist system. In the meantime, we thought we might re-share some of our most thought-provoking episodes that are still relevant, maybe even more relevant, today. I hope you get as much out of it on a second listen as we did, and we’ll be back with brand new episodes soon. Thanks for listening. Link to our interview with Ramaswamy: https://podcasts.apple.com/is/podcast/is-woke-capitalism-a-threat-to-democracy/id1326698855?i=1000543737590 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the last episode of our podcast, we had a mini version of a never-ending debate on this show: whether private equity is good or bad. Afterward we talked about doing a full episode debating the pros and cons of PE until we realized, we’d already done it. The debate features Jeff Hooke, author of the book "The Myth of Private Equity," and Chicago Booth Professor Steven Kaplan, once referred to by Fortune Magazine as "probably the foremost private equity scholar in the galaxy."We’re taking a short summer break as we put together some fascinating episodes on the past and future of antitrust, the shortcomings of neoliberalism, and whether science and law are for sale in our capitalist system. In the meantime, we thought we might re-share some of our most thought-provoking episodes that are still relevant, maybe even more relevant, today. Our prior debate on private equity seemed like the perfect place to start. I hope you get as much out of it on a second listen as we did, and we’ll be back with brand new episodes soon. Thanks for listening.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

How can public policy improve upon and fix the mess of U.S. health care? In a new book, health economists Amy Finkelstein (MIT) and Liran Einav (Stanford) argue that's the wrong question. Instead, they suggest we ask: What is it that U.S. health policy should try to accomplish?Finkelstein, also a MacArthur Genius grantee, joins Bethany and Luigi to discuss health care as a social commitment and to make the case for free, automatic, and universal coverage for a basic set of medical services. She argues why the current patchwork system of incremental reforms isn't the answer, why insurance is not the lever to reduce racial disparities in health inequality, and why we must “tear down the system and build from the ground up.”Finkelstein and Einav's new book, "We've Got You Covered: Rebooting American Health Care," is out now.Show Notes: On ProMarket, read:Lowering the Barriers to Entry for Economics Research in Healthcare, by Filippo LancieriRethinking How To Achieve Universal Health Care Coverage in the U.S., by Katherine Baicker, Amitabh Chandra, and Mark ShepardMore Than 20 Years of Consolidation Have Led to a Dysfunctional Health Care Market, by Martin GaynorThe Secret Driver of U.S. Health Care Costs: Politicians Wanting to Get Reelected, by Asher Schechter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

"Poverty will be abolished in America only when a mass movement demands it," writes Princeton sociologist and Pulitzer Prize-winning author Matthew Desmond in his new book, "Poverty, by America." Building on his own lived experiences of growing up poor and continued contact with impoverished communities that "forces [him] to be intellectually honest," he claims that poverty persists in America not because we are incapable of preventing it but because society - and especially the wealthy - benefits from it at the expense of the poor.Bethany and Luigi draw from their recent conversation with former U.S. Sen. Phil Gramm, who argued against the premise altogether and said that poverty in America is not as terrible a "scourge" as many like Desmond claim it to be. With Desmond, our hosts discuss his views on the complex and deeply entrenched root causes of poverty, its relationship with the American capitalist system, and how we could build on individual choices - towards which we have otherwise been so stubbornly resistant - to end poverty.Show Notes:In case you missed it, here's Bethany and Luigi's conversation with Sen. Phil Gramm: "Is American Inequality a Myth?"Read related reading on ProMarket: "Monopolies: Silent Spreaders of Poverty and Economic Inequality" and a conversation with Nobel Prize-winning economist Angus Deaton on "The Under-Discussed Driver of Inequality in America." Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.