
A Guide to the ‘Legal Fictions’ That Create Wealth, Inequality and Economic Crises
“Capitalism, it turns out, is more than just the exchange of goods in a market economy,” Katharina Pistor writes. “It is a market economy in which some assets are placed on legal steroids.”Pistor is a professor of comparative law at Columbia Law School, the director of the Center on Global Legal Transformation at Columbia University and the author of “The Code of Capital: How the Law Creates Wealth and Inequality.” In the book, Pistor argues that economic value isn’t just captured by markets; it is created by the legal system. An asset like a piece of land or a machine has some intrinsic value. But it is only when you graft legal attributes onto those assets — backed by the coercive power of the state — that they are transformed into wealth-generating capital.Pistor’s theory has sweeping implications for some of the most fundamental economic questions of our time: How is wealth actually created? Why does our current economic system produce such huge inequalities? What causes financial crises? In Pistor’s telling, you can’t begin to answer such questions without understanding the legal foundation that our economy is built on.This is a conversation that delves into the deepest layer of our economic system — one that shapes all of our lives even as it remains largely invisible. We discuss the four legal attributes that transform an ordinary asset into a wealth-generating device, how the law creates corporations and financial instruments out of thin air, the “feudal calculus” that underpins our modern economy, why focusing solely on wealth redistribution will never be sufficient to solve economic inequality, how private lawyers — operating outside democratic institutions — end up shaping the rules of our economic system, the “law and finance paradox” that explains why financial crises happen, how legal manipulation has eroded the “social contract” of capitalism, whether the law can work as a tool to help fight climate change and more.Mentioned:“A Legal Theory of Finance” by Katharina PistorBook Recommendations:Capital in the Twenty-First Century by Thomas PikettyCrashed by Adam ToozeAges of American Capitalism by Jonathan LevyThis episode is guest-hosted by Rogé Karma, the senior editor for “The Ezra Klein Show.” Rogé has been with the show since July 2019, when it was based at Vox. He works closely with Ezra on everything related to the show, from editing to interview prep to guest selection. At Vox, he also wrote and conducted interviews on topics ranging from policing and racial justice to democracy reform and the coronavirus.Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Kristin Lin and Rogé Karma. Fact-checking by Michelle Harris and Mary Marge Locker. Original music by Isaac Jones. Mixing by Jeff Geld and Sonia Herrero. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
13 Tammi 20231h 34min

Dan Savage on Polyamory, Chosen Family and Better Sex
Even if you don’t recognize the advice columnist Dan Savage by name, it’s possible that his ideas have influenced how you think about sex and relationships. For decades now, Savage has been arguing that our expectations for long-term partnerships are way too high; that healthy relationships are about acknowledging our vast spectrum of desires, not repressing them; and that monogamy is not the ideal setup for every partnership. Through over 30 years of writing “Savage Love,” one of the most widely read sex advice columns in the country, and more than 17 years of hosting the podcast “Savage Lovecast,” he has been one of America’s most subtly influential public intellectuals on the topic of how humans conduct our most intimate — and important — relationships.In the past half-century or so, America’s culture around sex, dating and relationships has undergone a profound transformation. Women are no longer confined to roles as wives and mothers, same-sex marriage is legal, hookup culture has changed the way young people enter the dating world, and there has been a growing interest in less traditional approaches to relationships, like polyamory and ethical nonmonogamy. These transformations have ushered in a lot of new freedoms but also a lot of new anxieties and frustrations. So I wanted to bring Savage on the show to talk through how we navigate this complicated, messy moment in our relational and sexual lives.We discuss how America’s relationship culture has changed in the past 30 years, why the myth of finding “the one” can be so damaging, what dating apps are (and aren’t) good for, how to give more grace to our partners when they do not meet our expectations, why so many feminist writers are re-evaluating the legacy of the sexual revolution, how gay sexual cultures have influenced straight dating life, why we’ve had a “sexual revolution” but not a concomitant “relationship revolution,” what Savage makes of the statistic that 18 percent of people have had sexual experiences outside their primary relationships without their partners’ consent, the advantages and risks of experimenting with nonmonogamy, what better sex education for young people should look like, why marriages between two men seem to end less frequently than heterosexual marriages do and more.This episode contains strong language.Mentioned:YouGov poll on Monogamy and Polyamory“Can We Change Our Sexual Desires? Should We?” with Amia Srinivasan on The Ezra Klein Show“Let’s Talk About the Anxiety Freedom Can Cause” with Maggie Nelson on The Ezra Klein Show“Sex, Abortion and Feminism, as Seen From the Right” with Erika Bachiochi on The Ezra Klein ShowDan Savage and Esther Perel on “Love, Marriage & Monogamy”Screaming on the Inside by Jessica Grose“What Does the ‘Post-Liberal Right’ Actually Want?” with Patrick Deneen on The Ezra Klein ShowBook Recommendations:The Ethical Slut by Janet W. Hardy and Dossie EastonBerlin Diary by William L. ShirerA Royal Affair by Stella TillyardThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris, Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld and Sonia Herrero. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
10 Tammi 20231h 24min

A Skeptical Take on the A.I. Revolution
The year 2022 was jam-packed with advances in artificial intelligence, from the release of image generators like DALL-E 2 and text generators like Cicero to a flurry of developments in the self-driving car industry. And then, on November 30, OpenAI released ChatGPT, arguably the smartest, funniest, most humanlike chatbot to date.In the weeks since, ChatGPT has become an internet sensation. If you’ve spent any time on social media recently, you’ve probably seen screenshots of it describing Karl Marx’s theory of surplus value in the style of a Taylor Swift song or explaining how to remove a sandwich from a VCR in the style of the King James Bible. There are hundreds of examples like that.But amid all the hype, I wanted to give voice to skepticism: What is ChatGPT actually doing? Is this system really as “intelligent” as it can sometimes appear? And what are the implications of unleashing this kind of technology at scale?Gary Marcus is an emeritus professor of psychology and neural science at N.Y.U. who has become one of the leading voices of A.I. skepticism. He’s not “anti-A.I.”; in fact, he’s founded multiple A.I. companies himself. But Marcus is deeply worried about the direction current A.I. research is headed, and even calls the release of ChatGPT A.I.’s “Jurassic Park moment.” “Because such systems contain literally no mechanisms for checking the truth of what they say,” Marcus writes, “they can easily be automated to generate misinformation at unprecedented scale.”However, Marcus also believes that there’s a better way forward. In the 2019 book “Rebooting A.I.: Building Artificial Intelligence We Can Trust” Marcus and his co-author Ernest Davis outline a path to A.I. development built on a very different understanding of what intelligence is and the kinds of systems required to develop that intelligence. And so I asked Marcus on the show to unpack his critique of current A.I. systems and what it would look like to develop better ones.This episode contains strong language.Mentioned:“On Bullshit” by Harry Frankfurt“AI’s Jurassic Park moment” by Gary Marcus“Deep Learning Is Hitting a Wall” by Gary MarcusBook Recommendations:The Language Instinct by Steven PinkerHow the World Really Works by Vaclav SmilThe Martian by Andy WeirThoughts? Email us at ezrakleinshow@nytimes.com. Guest suggestions? Fill out this form.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld and Sonia Herrero. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion audio is Annie-Rose Strasser. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
6 Tammi 20231h 11min

Sabbath and the Art of Rest
Do we know how to truly rest? Who would we be if we did?I’ve been wrestling with these questions since I read Abraham Joshua Heschel’s stunning book “The Sabbath” in college. The ancient Jewish ritual of the Sabbath reserves a full day per week for rest. As it’s commonly practiced, that means about 25 hours every week of no work, very little technology and plenty of in-person gathering.But the Sabbath is a much more radical approach to rest than a simple respite from work and technology. Implicit in the practice of the Sabbath is a stinging critique of the speed at which we live our lives, the ways we choose to spend our time and how we think about the idea of rest itself. That, at least, is a central argument of Judith Shulevitz’s wonderful book, “The Sabbath World: Glimpses of a Different Order of Time.”Shulevitz is a longtime culture critic and currently a contributing writer for The Atlantic. Her book isn’t just about the Sabbath itself, it’s about the world the Sabbath tries to create: one with an entirely different conception of time, morality, rest and community. It’s the kind of world that is wholly different from our own, and one whose wisdom is urgently needed.So, to kick off the new year, I invited Shulevitz on the show to explore what the Sabbath is, the value system embedded within it and what lessons it holds for our lives. I left the conversation feeling awed by how such an ancient practice can feel simultaneously so radical and yet so incredibly urgent.Mentioned:The Sabbath by Abraham Joshua HeschelI and Thou by Martin BuberBook Recommendations:Adam Bede by George EliotThe Seven Day Circle by Eviatar ZerubavelOn the Clock by Emily GuendelsbergerThoughts? Email us at ezrakleinshow@nytimes.com. Guest suggestions? Fill out this form.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Emefa Agawu, Annie Galvin, Jeff Geld, Rogé Karma and Kristin Lin. Fact-checking by Michelle Harris, Mary Marge Locker and Kate Sinclair. Original music by Isaac Jones. Mixing by Jeff Geld. Audience strategy by Shannon Busta. The executive producer of New York Times Opinion audio is Annie-Rose Strasser. Special thanks to Pat McCusker. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
3 Tammi 20231h

Best Of: How America's Poet Laureate Sees Our World
“One of the biggest things about poetry is that it holds all of humanity,” the poet Ada Limón tells me. “It holds the huge and enormous and tumbling sphere of human emotions.”At the end of a turbulent year, we thought revisiting this May 2022 conversation with Limón would be fitting. Just months after our conversation, Limón was named U.S. poet laureate.Limón’s work is a salve for all that the world faces: her books of poetry are filled with meditations on grief and infertility, as well as striking moments of insight about friendship, lust and our fellowship with animals. Her most recent book, “The Hurting Kind,” explores what it means to share the planet with nonhuman beings like birds and trees. Limón describes the marvels of Kentucky’s rural landscape and the dusky beauty of a New York City bar with equal care. Her writing is highly acclaimed by fellow poets and also delightfully accessible to those who have never before picked up a book of poetry.Limón is a lively reader of her own poetry, so to structure this conversation, I asked her to read a varied selection of her work. We use those readings to discuss what poetry gives us that the news doesn’t, the importance of slowing down in a world that demands speed, how the grief of infertility differs from that of losing a loved one, how to be “in community” with ancestors and animals in lonely times, why Limón loves “chatty” and humorous poems as much as serious ones, why we often have our best thoughts in cars and on planes, how Instagram and Twitter affect our relationship to the world, why Limón meditates every day, how our relationship to excitement changes as we age and more.Book Recommendations:Stones by Kevin YoungFrank: Sonnets by Diane SeussPostcolonial Love Poem by Natalie DiazThoughts? Email us at ezrakleinshow@nytimes.com. Guest suggestions? Fill out this form.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Haylee Millikan; original music by Isaac Jones and Jeff Geld; mixing by Jeff Geld; audience strategy by Shannon Busta. Our executive producer is Irene Noguchi. Special thanks to Kristin Lin, Kristina Samulewski, Rebecca Elise Foote and Jahan Ramazani. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
30 Joulu 20221h 17min

Best Of: Want to Save Democracy? Run For Office.
This week, we’re revisiting some of our favorite episodes from the year. For those who make New Year’s resolutions, today’s conversation might plant the seed for a bold one: Running for office.Amanda Litman is a co-founder of Run for Something, which recruits and supports young, progressive candidates who want to run for office. We spoke in February 2022, but our conversation remains relevant as ever. It’s about the mechanics of American democracy, the confusions and myths that keep so many of us from participating in them and the practical question of what it means to step off the sidelines and, well, run for something. We also talk about why Democrats tend to chase “shiny objects” over real political power, what right-leaning organizations have been up to that liberals should envy, how you probably have more control over issues like abortion and climate change than you think, what it actually takes to run a local campaign, the three questions prospective candidates should be able to answer, and more.This is the rare conversation about democracy that left me feeling better, rather than worse, about what’s possible. I think it’ll do the same for you.This episode contains strong language.Mentioned:“Heeding Steve Bannon’s Call, Election Deniers Organize to Seize Control of the GOP — and Reshape America’s Elections” by Isaac Arnsdorf, Doug Bock Clark, Alexandra Berzon and Anjeanette DamonWhat It Takes by Richard Ben CramerFind out what elected offices you can run forBook recommendations:The Heart Principle by Helen HoangOlga Dies Dreaming by Xochitl GonzalezLet’s Get Physical by Danielle FriedmanThoughts? Email us at ezrakleinshow@nytimes.com. Guest suggestions? Fill out this form.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld; audience strategy by Shannon Busta. Our executive producer is Irene Noguchi. Special thanks to Kristin Lin. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
27 Joulu 20221h 5min

Best Of: Who Wins — and Who Loses — in the A.I. Revolution?
This past year, we’ve witnessed considerable progress in the development of artificial intelligence, from the release of the image generators like DALL-E 2 to chat bots like ChatGPT and Cicero to a flurry of self-driving cars. So this week, we’re revisiting some of our favorite conversations about the rise of A.I. and what it means for the world. Today’s conversation is with Sam Altman. He’s the C.E.O. of OpenAI, the company behind ChatGPT. When I talked to him in June 2021, ChatGPT was still over a year away from being available to the public for testing. But the A.I. developments since then have only increased the salience of the questions Altman raised in his 2021 essay “Moore’s Law for Everything.” Altman’ argument is this: Since the 1970s, computers have gotten exponentially better even as they’re gotten cheaper, a phenomenon known as Moore’s Law. Altman believes that A.I. could get us closer to Moore’s Law for everything: it could make everything better even as it makes it cheaper. Housing, health care, education, you name it. But what struck me about his essay is that last clause: “if we as a society manage it responsibly.” Because, as Altman also admits, if he is right then A.I. will generate phenomenal wealth largely by destroying countless jobs — that’s a big part of how everything gets cheaper — and shifting huge amounts of wealth from labor to capital. And whether that world becomes a post-scarcity utopia or a feudal dystopia hinges on how wealth, power and dignity are then distributed — it hinges, in other words, on politics.Mentioned: “Moore’s Law for Everything” by Sam AltmanRecommendations: Crystal Nights by Greg EganThe Last Question by Isaac AsimovThe Gentle Seduction by Marc Stiegler“Meditations on Moloch” by Scott Alexander Thoughts? Email us at ezrakleinshow@nytimes.com. Guest suggestions? Fill out this form.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld, audience strategy by Shannon Busta. Special thanks to Kristin Lin. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
23 Joulu 20221h 12min

Best Of: Is A.I. the Problem? Or Are We?
This past year, we’ve witnessed considerable progress in the development of artificial intelligence, from the release of the image generators like DALL-E 2 to chat bots like ChatGPT and Cicero to a flurry of self-driving cars. So this week, we’re revisiting some of our favorite conversations about the rise of A.I. and what it means for the world. Brian Christian’s “The Alignment Problem” is the best book on the key technical and moral questions of A.I. that I’ve read. At its center is the term from which the book gets its name. “Alignment problem” originated in economics as a way to describe the fact that the systems and incentives we create often fail to align with our goals. And that’s a central worry with A.I., too: that we will create something to help us that will instead harm us, in part because we didn’t understand how it really worked or what we had actually asked it to do.So this conversation, originally recorded in June 2021 is about the various alignment problems associated with A.I. We discuss what machine learning is and how it works, how governments and corporations are using it right now, what it has taught us about human learning, the ethics of how humans should treat sentient robots, the all-important question of how A.I. developers plan to make profits, what kinds of regulatory structures are possible when we’re dealing with algorithms we don’t really understand, the way A.I. reflects and then supercharges the inequities that exist in our society, the saddest Super Mario Bros. game I’ve ever heard of, why the problem of automation isn’t so much job loss as dignity loss and much more.Mentioned: “Human-level control through deep reinforcement learning”“Some Moral and Technical Consequences of Automation” by Norbert WienerRecommendations: "What to Expect When You're Expecting Robots" by Julie Shah and Laura Major"Finite and Infinite Games" by James P. Carse "How to Do Nothing" by Jenny OdellThoughts? Email us at ezrakleinshow@nytimes.com. Guest suggestions? Fill out this form.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.“The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld; audience strategy by Shannon Busta. Special thanks to Kristin Lin. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.
20 Joulu 20221h 17min





















