Bhaskar Sunkara Thinks the Market Has a Place Under Socialism

In September, Gallup released a poll that showed that 43% percent of Americans viewed socialism positively, the highest approval since Gallup began the poll back in 2010. Since Zohran Mamdani won the NYC mayoral election, the left has made a number of gains across national politics. Still, the majority of Americans view socialism negatively, according to Gallup. As a longtime DSA member and veteran of leftist media, Bhaskar Sunkara is one of socialism's leading advocates, and he's spent much of his career charting what a socialist economy in America might look like. Unlike some other leftists, he believes the market has a place. In fact, he thinks markets and entrepreneurs are an objective good in society. He proposes a vision of so-called "market socialism" in his recent co-authored book The Blueprint, and he lays out this system for us in today's episode. We talk about how many features of capitalism — from small businesses to monetary policy — might be remade under socialist principles.

Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots

See omnystudio.com/listener for privacy information.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(1307)

How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era

Nvidia's post-Jensen Huang era has just begun and there are so many open questions about the company's future. Who will the board choose to be Nvidia's next CEO? Will the government crack down on the ...

14 Nov 35min

Why a $2 Billion Law Firm Suddenly Collapsed

At the end of October, seemingly overnight, a major law firm called Weil Gotshal announced it was winding down after a number of partners departed and talks of a merger with another firm failed. So ho...

13 Nov 58min

What Nvidia's Megaspeed Scandal Is Really All About

Nvidia CEO Jensen Huang’s extramarital relationship with a woman named Alice Huang, whom US intelligence reportedly identified as a Chinese intelligence asset, is one of the biggest stories in the wor...

12 Nov 54min

The Perfect Storm That Clobbered Hedge Funds

Even before the US midterms, the AI trade was weakening. Just look at all the headlines from October in the hedge fund world — it was one of the bloodiest periods the industry has faced in recent memo...

11 Nov 51min

This Is How New York City Takes Out Its Trash

According to Joshua Goodman, trash collection in New York is one of the last services the city offers that is not yet touched by neoliberalism. What he means is that it's the last free and unlimited c...

9 Nov 52min

The Macro Implications of the Blue Tsunami

We don't need to tell you that the midterm elections were historic: The Democrats won bigger than even they imagined. But as the dust settles, an open question we are puzzling over is the market's ong...

6 Nov 37min

James Bosworth on What Comes After Lula's Stunning Win

When we last talked to James Bosworth, it seemed like an “orange wave” was going to take over Latin America and further realign the region’s interests with those of the Trump administration. But with ...

5 Nov 32min

An Election Day Special With Nate Silver

Nate Silver tells us he is calling this midterms the “rock and a hard place election” — the background conditions are great for Democrats to win both the House and the Senate, but for that to come to ...

3 Nov 42min