Capitalisn't

Presidential candidate Elizabeth Warren blames private equity for many of the issues in our economy. She plans to reign it in and regulate it with her new bill the "Stop Wall Street Looting Act". On this episode, Kate and Luigi explain how private equity really works, whether it’s bad or good for society, and they dissect Warren’s proposal to regulate these firms. Hosted by Simplecast, an AdsWizz...

Getting into the right college is arguably more important than ever, which has put the justice or injustice of admissions processes in the spotlight. On this episode, Kate and Luigi give a fresh perspective on a recent admissions trial involving Harvard, explain its implications for college admissions in general, and ask whether the way elite universities choose their students is an example of cap...

On this episode, Kate and Luigi explain how to win the econ Nobel, why it's important, and they attempted to predict who the 2019 winner might be. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this episode, you're going to hear how the sausage gets made in economic research as Kate and Luigi personally investigate whether private equity is to blame for the retail apocalypse. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the last few weeks, we've seen two examples of seeming corporate self-regulation. One is Walmart's decision to end all handgun ammunition sales, and the other is the four largest automakers going around the Trump administration's less stringent fuel emission standards to cut a private deal with California that is closer to Obama era-emission standards. But there's an important overarching quest...

Many are praising a recent Business Roundtable announcement that corporations should serve stakeholders as well as shareholders. On the surface, this may seem like a historic reversal of the status quo that has held since Milton Friedman's famous "shareholder primacy" theory was put forward in the 70s. But it's not that simple. On this episode, Kate and Luigi layout the history of this t...

Are stock buybacks evil? A lot of politicians seem to think so. Senators Bernie Sanders and Chuck Schumer wrote an op-ed in the New York Times this year calling for a limit on corporate buybacks. On this episode, Kate and Luigi break down what stock buybacks really are, how long they've been around, and whether we should ban them. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for i...

If you've been paying attention to Andrew Yang's Democratic presidential campaign, you're probably familiar with the concept of universal basic income. On this episode, Kate and Luigi give the economic outlook on how a UBI might work, or not work, and investigate how automation and techno-anxiety are driving the conversation. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for inform...

With Democratic presidential candidates making the student debt crisis one of the central issues of the 2020 race, Kate and Luigi give an in-depth economics look at the ideas of free college tuition and debt forgiveness, explain the history of how we got to into this student debt crisis, and debate some solutions for how to get out of it. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.c...

Last episode, Kate and Luigi discussed how the patent system creates a temporary monopoly designed to make the incentives to innovate. But the real question is does the patent system, and our entire system of intellectual property for that matter, actually accomplish that goal? We start to answer that question by investigating one of the most powerful figures in intellectual property...Mickey Mous...

After our series about the dangers of monopolies, we're going to investigate a situation in which the government actually works to create monopolies on purpose: the patent system. On the first of two episodes, Luigi and Kate examine whether our current patent system is helping or hurting capitalism. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection...

In part three of our series investigating how digital platforms like Facebook and Google should be regulated, Tyler Cowen from George Mason University argues to Kate and Luigi that more regulation may not be the answer to all our questions about digital platforms. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for adverti...

In part two of our series investigating how digital platforms like Facebook and Google should be regulated, Kate and Luigi dissect the ways these companies interact with our political system by speaking with Nolan McCarty, Susan Dod Brown Professor of Politics and Public Affairs at Princeton University. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collect...

As digital platforms like Facebook and Google become globally powerful, some countries are investigating and even proposing legislation to regulate these companies. Building off a conference happening at the Stigler Center at the University of Chicago, Kate and Luigi speak with Fiona Scott Morton, a Professor of Economics at Yale, to interrogate these platforms from a traditional market structure...

With Democrats like Alexandria Ocasio-Cortez and presidential candidate Elizabeth Warren proposing wealth taxes, Kate and Luigi break down how these taxes have or haven't worked in other countries and whether they could work in America. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

There’s an acronym you’ve probably heard in the news a lot lately: IPO. With companies like Pinterest, Airbnb and UBER all considering going public this year, Kate and Luigi break down why these companies already have huge valuations, and whether rich people have an unfair advantage when it comes to investing. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our...

Last year Elizabeth Warren proposed the controversial Accountable Capitalism Act. One of its most talked about proposals was focused on "codetermination." Kate & Luigi explain how it works, its effectiveness and examine one country that's been trying it out since the 1950s. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of p...

In the wake of a blocked merger between the German and French rail giants Siemens and Alstom, Kate & Luigi debate the role of global antitrust regulators. How do they protect consumers while also helping domestic companies compete with state-supported rivals from China? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data f...

Are millennials giving up on capitalism? A recent survey found a majority now prefer socialism. Luigi gets the scoop from our resident millennial, Kate, who says most simply want European-style social welfare, student-loan debt relief and campaign finance reform. Is that really so radical? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of...

In our second episode on pollution, investigative journalist Carey Gillam joins Kate and Luigi to discuss her new book "Whitewash: The Story of a Weed Killer, Cancer, and the Corruption of Science." Gillam reveals how pesticide companies secretly influence scientific research and avoid EPA regulations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about ou...

In the first of a two-part series on pollution, Kate and Luigi discuss the health hazards and economic costs of air pollution and contaminated drinking water from the toxic chemical PFOA (C8) found in Teflon. How did DuPont skirt regulation and avoid corporate responsibility for so long? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of p...

As Sen. Elizabeth Warren (D-Mass) jumps into the 2020 Presidential race, Kate and Luigi examine her legislative record and economic policy proposals, including several bold ideas to reform American capitalism. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Pulitzer Prize-winning journalist Steven Pearlstein drops by to talk with Kate & Luigi about the incredible shrinking newspaper -- especially the business section -- and why that's bad for the economy. His new book "Can American Capitalism Survive?" argues that the mantra of “maximizing shareholder value” ultimately caused Americans to lose faith in the free market. Hosted by Simplec...

Fahmi Quadir thinks short sellers get a bad rap. Known as the "financial assassin" for helping expose fraud and misconduct at Valeant, she tells Luigi that Tesla might be next. But Kate isn't convinced -- she thinks journalists and regulators are the real heroes. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data fo...

In the second of a two-part look at global inequality Kate & Luigi talk about the downside of globalization. A listener's email sparks a conversation about what's driving the growing wage gap within the U.S. We survey the latest research on the lingering effects of the 'China Shock' and debate how to reverse the trend before the people revolt. Hosted by Simplecast, an AdsWizz company. See pcm....