Joseph Stiglitz's Vision of a New Progressive Capitalism
Capitalisn't20 Kesä 2024

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 Clinton, Stiglitz won the Nobel Prize in Economics in 2001 for his work showing that the possibility of having different information can lead to inefficient market outcomes.

On this episode of Capitalisn't, Stiglitz joins Bethany and Luigi to discuss his latest book, "The Road to Freedom: Economics and the Good Society" (W.W. Norton, 2024). The book, as Bethany describes it, is a "full frontal attack on neoliberalism" that provides a prospective roadmap towards a more progressive form of capitalism. Together, the three discuss the role of mis- and disinformation in producing market inefficiencies, the importance of regulation, institutional accountability, and collective action in correcting market failures, and the role of neoliberalism in today's global populist uprising. In the process, they underscore the close link between economic and political freedom.

Jaksot(218)

Martin Wolf: Is Capitalism Killing Democracy?

Martin Wolf: Is Capitalism Killing Democracy?

Read the following articles in ProMarket:There Is a Direct Line from Milton Friedman to Donald Trump's Assault on Democracy, by Martin WolfGeorge Stigler and the Challenge of Democracy, by Anat AdmatiCorporations Are Not “We the People,” by Geoffrey StoneeBook: Milton Friedman 50 Years Later, a ReevaluationAlso, check out relevant past Capitalisn't episodes:Why Capitalism Needs DemocracyThe Breaking Point Of Democracy With Morton Schapiro and Gary Morson

16 Helmi 202351min

Google: The New Vampire Squid? With Dina Srinivasan

Google: The New Vampire Squid? With Dina Srinivasan

In a Wall Street Journal article about Google’s Secret ‘Project Bernanke,’ Jeff Horwitz and Keach Hagey quoted Google Chief Economist Hal Varian's answer to a question he was asked during the Stigler Center's 2019 Antitrust and Competition Conference. Watch the video excerpt here."Why Google Dominates Advertising Markets," by Dina Srinivasan, Stanford Technology Law Review, December 2019Read ProMarket's ongoing coverage of Google here.

9 Helmi 202350min

The End Of China’s Miracle?

The End Of China’s Miracle?

Show notes:On February 9th, 2023, "China’s New Covid Strategy," the next webinar in the Stigler Center's series on China's political economy, will feature Chang-Tai Hsieh, along with Schwarzman Scholars/Harvard Medical School's Joan Kaufman and the Financial Times' Nian Liu (Stigler Center Journalist in Residence, 2021). Register here.Revisit previous webinars hosted by the Stigler Center on China’s political economy and read a summary: https://www.promarket.org/2023/02/02/event-notes-chinas-political-economy-in-review/ Economists share blame for China’s ‘monstrous’ turn, Janos Kornai in the Financial Times.

2 Helmi 202350min

Shattering Immigration Myths: Data Beyond Borders

Shattering Immigration Myths: Data Beyond Borders

19 Tammi 202335min

Revisiting The Meritocracy Debate With Adrian Wooldridge And Michael Sandel

Revisiting The Meritocracy Debate With Adrian Wooldridge And Michael Sandel

Capitalisn't will be back in your feeds with a brand new episode on January 19. Don't forget to rate and review our podcast if you haven't already, and leave us a voicemail at https://www.speakpipe.com/Capitalisnt.

5 Tammi 202354min

He Foresaw Inflation. Here’s What He Expects Next. Feat. Lord Mervyn King

He Foresaw Inflation. Here’s What He Expects Next. Feat. Lord Mervyn King

22 Joulu 202248min

Taylor Swift, Ticketmaster, and Chokepoint Capitalism with Cory Doctorow

Taylor Swift, Ticketmaster, and Chokepoint Capitalism with Cory Doctorow

Read an excerpt from the book here: https://www.promarket.org/2022/10/03/why-streaming-doesnt-pay/

8 Joulu 202256min

The "Woke" Capitalism Game With Vivek Ramaswamy

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.

24 Marras 202250min

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