Is capitalism the engine of destruction or the engine of prosperity? On this podcast we talk about the ways capitalism is—or more often isn’t—working in our world today. Hosted by Vanity Fair contributing editor, Bethany McLean and world renowned economics professor Luigi Zingales, we explain how capitalism can go wrong, and what we can do to fix it.
Cover photo attributions: https://www.chicagobooth.edu/research/stigler/about/capitalisnt.
If you would like to send us feedback, suggestions for guests we should bring on, or connect with Bethany and Luigi, please email: contact at capitalisnt dot com. If you like our show, we'd greatly appreciate you giving us a rating or a review. It helps other listeners find us too.
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Revisiting The Meritocracy Debate With Adrian Wooldridge And Michael Sandel
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Taylor Swift, Ticketmaster, and Chokepoint Capitalism with Cory Doctorow
The "Woke" Capitalism Game With Vivek Ramaswamy
We're taking the holiday off to be with our families, but that doesn't stop the economic news. And there is no story bigger than the collapse of the crypto exchange, FTX. One aspect that attracted our attention was Sam Bankman-Fried, the young CEO of FTX, officially bought into a philosophy called Effective Altruism, where you make the most money to give it to the poor. However, in a text exchange with a Vox reporter SBF said "this dumb game we woke westerns play where we say all the right things and so everybody likes us". It reminded us of what Vivek Ramaswamy said about woke capitalism on the show last year. We've decided to replay that show for you, and we'll be back in two weeks with a brand new episode of Capitalisn't.
Vivek Ramaswamy, a scientist, lawyer, and former venture capitalist and entrepreneur, has a new book out: "Woke, Inc.: Inside Corporate America's Social Justice Scam". In this book, he argues that "wokeism" has become a way for corporations to wrap themselves in a mantle, which then furthers the idea of crony capitalism and extends their power into spaces they were never meant to be in.
Luigi Zingales and Bethany McLean sit down with Ramaswamy to discuss his perspectives on the role of virtue, ethics, and politics in business and society.
The Capitalisn't of Elon Musk's Twitter
Is the world better off now that Elon Musk owns Twitter? The $44 billion acquisition is the largest leveraged buyout of a technology company in history, and also the first time in well over a decade that the ownership of a global social media platform has changed hands. It also begs the evergreen question that this podcast explores: Is the saga an example of Capital-Is or Isn't?
Bethany and Luigi debate and discuss the many different aspects of the deal: how Musk might be forced to run Twitter as a traditional business even if he initially claimed otherwise, his content moderation experiments to prevent it from becoming a "free-for-all hellscape", the effects of mass layoffs, and much more.
All the best Kate and thank you both!
I live the UK and although most of your topics are US related I think your podcast gives great inside into the issues we face today from economical perspective and how they are connect to our social context.
Thank you for the amazing podcast and all the best to you Kate, hope you get to bring about some needed change in new chapter.
Taken a huge downturn
Podcast used to be good but now interviewing cronies and people who are famous but have little expertise. New cohost is terrible too.
New co-host doesn’t cut the mustard
At least the one on the Friedman show.
I love this show. But whoever the cohost was on that one was not good.