Capitalisn't: Podcast - Economics/Political Economy (Shooting Azimuths)

Part of ENG 102: Concepts, Theories, and Thinkers

 Capitalisn't is a podcast hosted by Luigi Zingales and Bethany McLean: "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." 

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Ahmari, Sohrab. "When Capitalism Becomes Tyranny." Capitalisn't (November 2, 2023) ["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 would like to think—provided we pay attention to private power and admit the possibility of private coercion," he writes. Ahmari, founder and editor of Compact magazine, joins Bethany and Luigi to discuss his book, "Tyranny Inc.: How Private Power Crushed American Liberty--and What to Do About It." In this episode, they discuss the complex relationship between capitalism, personal freedoms, and political power. The conversation sheds light on what classical liberalism ignores, how today's Right is discovering what the Left may have forgotten, and ultimately, where today's political Left and Right may be able to work together."]

Coffee, John C. "How Corporations Get Away With Crime." Capitalisn't (July 22, 2022) ["When it comes to corporate rulebreaking, data from 2002 to 2016 reveals that the US government arranged more than 400 "deferred protection agreements" as a means of deterrence. Under these, a company acknowledges what it did was wrong, pays a fine, promises not to misbehave for a period of time -- and thus is largely let off the hook. Columbia Law School Professor and author of "Corporate Crime and Punishment: The Crisis of Underenforcement", John C. Coffee, says these have done little to deter future wrongdoing. Coffee joins Luigi and Bethany, both of whom have also extensively researched and exposed corporate wrongdoing, to discuss how to reform aspects of enforcement, such as self-reporting mechanisms, internal investigations, independent external auditors, whistleblowers, and even shame and humiliation."]

Faux, Zeke. "Crypto: SBF and Beyond." Capitalisn't (November 16, 2023) ["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 popularity, and finally its equally precipitous fall. A few days after the 'convicted' verdict in the trial of beleaguered crypto entrepreneur Sam Bankman-Fried (SBF), Faux joins Bethany and Luigi to make a case for why we should judge cryptocurrency by what it has done and not what it can do. They discuss whether it is too soon to write crypto off, what larger commentary it offers about capitalism, and why Luigi, who teaches a popular MBA course on fintech, feels "crypto is money that can only be created by computer scientists who don't understand history.""]

Haidt, Jonathan. "The Economic Costs of a Phone-Based Childhood." Capitalisn't (July 18, 2024) ["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 under the influence of smartphones and overprotective parenting has led to the reported explosion in cases of teenage anxiety and depression. He calls this process a "three-act play": the diminishment of trust in our communities, the loss of a play-based childhood, and the arrival of a hyper-connected world. Haidt also believes the problem is solvable. On this episode of Capitalisn't, he joins Bethany and Luigi to discuss parenting, learning, adolescence, and in an age where Congress won't act on regulation, his four proposed solutions to break social media's "collective action trap" on children. But are his solutions feasible? How do we weigh their costs, benefits, limitations, risks, and the roadblocks to their implementation? What are the consequences of an anxious generation for our economy — and what can we really do about it?"]

Ahmari, Sohrab. "When Capitalism Becomes Tyranny." Capitalisn't (November 2, 2023) ["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 would like to think—provided we pay attention to private power and admit the possibility of private coercion," he writes. Ahmari, founder and editor of Compact magazine, joins Bethany and Luigi to discuss his book, "Tyranny Inc.: How Private Power Crushed American Liberty--and What to Do About It." In this episode, they discuss the complex relationship between capitalism, personal freedoms, and political power. The conversation sheds light on what classical liberalism ignores, how today's Right is discovering what the Left may have forgotten, and ultimately, where today's political Left and Right may be able to work together."]

Coffee, John C. "How Corporations Get Away With Crime." Capitalisn't (July 22, 2022) ["When it comes to corporate rulebreaking, data from 2002 to 2016 reveals that the US government arranged more than 400 "deferred protection agreements" as a means of deterrence. Under these, a company acknowledges what it did was wrong, pays a fine, promises not to misbehave for a period of time -- and thus is largely let off the hook. Columbia Law School Professor and author of "Corporate Crime and Punishment: The Crisis of Underenforcement", John C. Coffee, says these have done little to deter future wrongdoing. Coffee joins Luigi and Bethany, both of whom have also extensively researched and exposed corporate wrongdoing, to discuss how to reform aspects of enforcement, such as self-reporting mechanisms, internal investigations, independent external auditors, whistleblowers, and even shame and humiliation."]

Faux, Zeke. "Crypto: SBF and Beyond." Capitalisn't (November 16, 2023) ["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 popularity, and finally its equally precipitous fall. A few days after the 'convicted' verdict in the trial of beleaguered crypto entrepreneur Sam Bankman-Fried (SBF), Faux joins Bethany and Luigi to make a case for why we should judge cryptocurrency by what it has done and not what it can do. They discuss whether it is too soon to write crypto off, what larger commentary it offers about capitalism, and why Luigi, who teaches a popular MBA course on fintech, feels "crypto is money that can only be created by computer scientists who don't understand history.""]

Mullins, Brody. "How Lobbying Led to Crony Capitalism." Capitalisn't (October 24, 2024) ["Mullins is the co-author (along with his brother Luke, also an investigative reporter) of The Wolves of K Street: The Secret History of How Big Money Took Over Big Government. Brody joins Bethany and Luigi to discuss how corporations ranging from Genentech to Google participate in the invisible but massively influential lobbying industry to bend government policy toward their favor. Together, the three trace the roots and evolution of political lobbying from the 1970s to now and explore how it penetrates and leverages other spheres of society to abet its operations. How are academia and the media complicit in this ecosystem of influence operations? How has lobbying adapted to the changing attitudes of Americans towards Big Business? How might it change under either a Harris or Trump administration and beyond?"]

Rodrik, Dani. "The New Economics of Industrial Policy." Capitalisn't (August 1, 2024) ["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 of the "globalization trilemma" in the late 1990s, which states that no country can simultaneously support democracy, national sovereignty, and global economic integration. At the time when he proposed his trilemma, Rodrik was considered an outcast. However, economists and policymakers have come to accept his theory as governments seek to address populism, trade imbalances, and uneven growth through renewed interest in industrial policy, or government efforts to improve the performance of key business sectors. Rodrik joins co-hosts Bethany and Luigi to discuss changing attitudes towards globalization: its distributional effects, how it affects politics, and how it is still searching for a narrative consistent between academic circles and the media. Together, the three of them discuss what role corporate America should play in our world restructured by economic and political populism and if economics is getting too far away from the rest of the social sciences when it comes to shaping industrial policy and creating the jobs of tomorrow."]

Schaake, Marietje. "Can Democracy Coexist with Big Tech." Capitalisn't (September 26, 2024) ["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 return. Both Big Tech and smaller companies are participating in it, through the provision of spyware, microchips, facial recognition, and other technologies that erode privacy, speech, and other human rights. These technologies shift power to the tech companies at the expense of the public and democratic institutions, Schaake writes. Schaake joins Bethany and Luigi to discuss proposals for reversing this shift of power and maintaining the balance between innovation and regulation in the digital age. If a "tech coup" is really underway, how did we get here? And if so, how can we safeguard democracy and individual rights in an era of algorithmic governance and surveillance capitalism? Marietje Schaake’s new book, “The Tech Coup: Saving Democracy From Silicon Valley."]