Recode Decode: The ‘bad ideas’ that broke American capitalism

Recode Decode: The ‘bad ideas’ that broke American capitalism

Washington Post economics columnist Steven Pearlstein talks with Recode's Kara Swisher about his new book, "Can American Capitalism Survive?: Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won’t Make Us Poor." In this episode: (01:57) Why Pearlstein wrote the book; (7:02) "We're not doing as well as we think we are."; (8:46) Is tech different from the rest of the economy?; (12:26) CEO salaries; (17:11) The "natural monopolies" of tech and how to break up Amazon; (23:07) Income inequality and the myth of "equal opportunity"; (28:27) Universal Basic Income and the middle class; (34:10) Why unions broke and how to reintroduce them; (38:38) Government is not the solution; (42:19) Treasury Secretary Steve Mnuchin, the corporate debt bubble and bitcoin; (46:37) The 2008 bank bailout, the estate tax, and California's tax system; (50:30) Immigration, socialism and the cost of college; (57:46) The environmental impact of economic growth, the rising deficit and Saudi money; (1:03:54) The power of shaming people on social media Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(956)

The end of the human internet

The end of the human internet

Hey everyone, this is Nick Statt, senior producer on Decoder. We’re taking a brief publishing break while Nilay is out on vacation. We’ll resume regular programming next week, and we’ve got some great...

30 Jul 43min

Tariffs didn’t bring manufacturing jobs back to the US

Tariffs didn’t bring manufacturing jobs back to the US

Evan Smith, cofounder and CEO of Altana, was last on the show in early 2025 to talk about how Trump’s first few waves of tariffs were starting to affect global trade. It was a very alarming and also v...

27 Jul 1h 11min

What Apple’s OpenAI lawsuit is really about

What Apple’s OpenAI lawsuit is really about

Today, I’m talking with Hayden Field, The Verge’s senior AI reporter, about the major trade secrets lawsuit between Apple and OpenAI, and what this tells us about OpenAI’s future. Hayden has been co...

23 Jul 44min

Dr. Jill Lepore on why the AI backlash is vital for the future

Dr. Jill Lepore on why the AI backlash is vital for the future

Dr. Jill Lepore is one of the best writers there is at identifying institutional patterns in history, and Decoder is a show about systems and organization — so her new book, The Rise and Fall of the A...

20 Jul 59min

Proton’s CTO: No company is going to jail for you

Proton’s CTO: No company is going to jail for you

We’ve got the first of a two-part series on the systems that run the world: I’m talking today with Bart Butler, the CTO of Proton, the company that makes private and secure productivity software. Th...

16 Jul 1h 24min

Yes, even Nvidia's head of automotive is fighting for compute

Yes, even Nvidia's head of automotive is fighting for compute

Nvidia is obviously in the news constantly because of the AI boom — but it's also a major supplier to the entire auto industry As head of Nvidia's automotive division, Xinzhou Wu has a front-row seat ...

13 Jul 1h 11min

Why did Comcast ever buy NBC?

Why did Comcast ever buy NBC?

My guest today is Peter Kafka, chief correspondent at Business Insider and host of Channels, a podcast about the media industry. And it’s a big week for the media industry — Comcast just announced tha...

9 Jul 1h 2min

Inside the big business of the creator economy, with Ali Berman and Raina Penchansky

Inside the big business of the creator economy, with Ali Berman and Raina Penchansky

Today I’m talking with Ali Berman and Raina Penchansky, who run the Creators Division at United Talent Agency. UTA is an enormous talent agency, and Ali and Raina's creators division represents some o...

6 Jul 1h 8min

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