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We investigate how capitalism is—or more often isn’t—working in our world today. Hosted by economist Luigi Zingales and business journalist Bethany McLean, our podcast explains why capitalism can go wrong and what we can do to fix it. Send us your questions or comments by emailing capitalisntpod@gmail.com Cover photo attributions: www.chicagobooth.edu/research/stigler/about/capitalisnt.

PublishesTwice monthlyEpisodes250Founded9 years ago
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Artwork for Capitalisn't

Latest Episodes

AI is coming for your job; AI isn't coming for your job. Economist Luis Garicano thinks both camps are asking the wrong question.

In Messy Jobs: The Work That AI Cannot Reach, Garicano and co-authors Jin Li and Yanhui Wu argue that all knowledge wor... more

For most of the last century liberal democracies offered a simple deal: the economy grows and, if you work hard, you get a fair shot at the rewards. According to 2024 Nobel Prize-winning economist Daron Acemoglu, that deal is broken.

Acemoglu joins ... more

Amazon went public three years after it was founded. SpaceX stayed private for 24 years. What changed and why does it matter?

The standard story is that companies avoid an IPO because public markets carry too many government rules and too many lawye... more

The Republican Party is often associated with free-market fundamentalism, deregulation, and tax cuts. But a new faction on the right is challenging that consensus.

In this episode, Bethany and Luigi sit down with Chris Griswold, the Policy Director ... more

Key Facts

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Recent Guests

Daron Acemoglu
Professor at MIT, Nobel laureate (2024)
Massachusetts Institute of Technology
Episode: Can Liberalism Survive This Kind of Capitalism? - ft. Daron Acemoglu
Renée Jones
Law professor and former ICC official
Untamed Unicorns book author
Episode: How Washington Privatized The Capital Market - ft. Renée Jones
Chris Griswold
Policy Director at American Compass
American Compass
Episode: A Conservative's Attack On Neoliberalism - Ft. Chris Griswold
Michael Klarman
Author of Framers Coup, on the Constitution and democracy
Harvard Law School (implied by book author context)
Episode: Was The Constitution An Anti-Democratic Coup? - ft. Michael Klarman
John Campbell
Economist and author of Fixed
University of Oxford? (based on book authoring; research context)
Episode: Our Personal Finance Mistakes Are The Industry's Profits - ft. John Campbell & Tarun Ramadorai
Tarun Ramadorai
Economist and author of Fixed
University affiliation mentioned in the book discussion
Episode: Our Personal Finance Mistakes Are The Industry's Profits - ft. John Campbell & Tarun Ramadorai
Katherine Tai
As Joe Biden's trade representative, she advocated a worker-centered approach to trade
United States Trade Representative (USTR)
Episode: Was Free Trade Ever Really Free? - ft. Fmr. Biden Trade Rep. Katherine Tai
Adam Winkler
UCLA law professor and author of We the Corporations
UCLA School of Law
Episode: Why Corporations Always Win At The Supreme Court - ft. Adam Winkler
Jimmy Wales
Founder of Wikipedia
Wikipedia/Wikimedia Foundation
Episode: You Can't Buy Trust - ft. Wikipedia Co-Founder Jimmy Wales

Hosts

Luigi Zingales
Host, economist with affiliation to Capitalisnt and University of Chicago Booth School of Business; frequent commentator on capitalism, regulation, and democracy.
Bethany McLean
Co-host and journalist; author and contributor with deep involvement in Capitalisnt and related academic/press networks.

Reviews

4.6 out of 5 stars from 1.3k ratings
  • Sports for entertainment

    The question that was not asked was entertainment for whom?

    Ticket prices are insane And only the oligarchs can afford to actually attend sports games today.

    Shareholder capitalism that only Benefits owners has destroyed the US middle class working class poor.

    Apple Podcasts
    1
    Lee Esq
    United Statesa month ago
  • Manifests muddy thinking

    I love some of their guests but the hosts are not worthy. In their unself-critical muddy thinking, everything good in capitalism stems from the system, but anything bad is an externality. They never once question whether the system’s own logics. To the contrary they take the system and ideological supports of it as givens. Also the hosts purport to be experts they often operate from uninformed assumptions: a recent episode on the value of college assumes that STEM majors are better off financial... more

    Apple Podcasts
    1
    UCgrad
    United States2 months ago
  • Stakeholder capitalism

    Prior to Ronald Reagan, we followed stakeholder capitalism, which equally benefited labor, shareholders, and the community

    After Reagan, we switched to shareholder capitalism, which only Benefits shareholders ~ the owners. Under this form of capitalism, the rich get richer and the poor get poorer.

    After Reagan GDP continued to increase and wages flatlined

    See the Robert Reich last semester of economics he taught at Uc Berkeley entitled “ wealth, and poverty“ on YouTube.

    Also, we need to... more

    Apple Podcasts
    5
    Lee Esq
    United States2 months ago
  • Wiki Truth?

    Enjoy the show. However most recent episode (Wiki) seemed to ignore the bias in Wiki these days. Great example is origin of COVID:

    The virus was derived from a bat-borne virus and most likely was transmitted to humans via another animal in nature, or during live wildlife trade such as that in food markets.

    While other explanations, such as speculations that SARS-CoV-2 was accidentally released from a laboratory have been proposed,such explanations are not supported by evidence.

    Apple Podcasts
    4
    UofC Optimistic Sceptic
    United States3 months ago
  • Insightful thinking--thank you!

    Podcast Addict
    5
    Janis
    4 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Guests are consistently strong; hosts sometimes perceived as biased but provocative.
Audio issues and occasional bias criticisms appear in reviews, but content remains thought-provoking.
High-quality analysis on capitalism, inequality, and policy that's useful for decision-makers.
Insightful and data-driven discussions that push for reform without discarding markets.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#21
United States/Government
Apple Podcasts
#14
Canada/Government
Apple Podcasts
#15
United Kingdom/Government
Apple Podcasts
#9
Italy/Government
Apple Podcasts
#19
Germany/Government
Apple Podcasts
#35
Australia/Government

Talking Points

Recent interactions between the hosts and their guests.

How Washington Privatized The Capital Market - ft. Renée Jones
Q: Did you ever have a moment of doubt about capitalism and whether greed is a good idea?
The discussion frames greed as a real, observable force that has shaped ongoing debates about how capitalism should work, but it also stresses the importance of governance, disclosure, and accountability to ensure the system serves more than just a few insiders.
A Conservative's Attack On Neoliberalism - Ft. Chris Griswold
Q: What is the purpose of capitalism beyond profit?
Capitalism should channel capital toward productive uses that support human flourishing, dignity, and stable communities, not simply maximize short-term profits.
Was The Constitution An Anti-Democratic Coup? - ft. Michael Klarman
Q: What is democratic about the framers' vision, if at all, and how did they balance popular sovereignty with stability?
They believed in a public-interest government but thought that unchecked democracy could threaten stability, so they built mechanisms to filter popular influence (e.g., indirect elections, large constituencies) and to create a republic designed to balance competing interests.
Was Free Trade Ever Really Free? - ft. Fmr. Biden Trade Rep. Katherine Tai
Q: You have said that free trade isn't actually free. Could you elaborate on what you mean by that?
Free trade in practice often operates as capture trade, where rules and dispute mechanisms privilege multinational corporations over workers and the public, undermining the proclaimed benefits of cheaper goods and growth.
You Can't Buy Trust - ft. Wikipedia Co-Founder Jimmy Wales
Q: How do you resolve disputes in Wikipedia when editors disagree?
The discussion centers on consensus-building, sourcing standards, and a preference to avoid voting; editors aim for a collaborative compromise and rely on a structured process to reflect credible, well-sourced viewpoints.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Capitalisn't

What is Capitalisn't about and what kind of topics does it cover?

This show analyzes how capitalism works in today's world, frequently challenging conventional wisdom about markets, regulation, and growth. Across recent episodes, topics include wage stagnation, private markets and deregulation, corporate power, and the political economy of innovation. Discussions often pair academic rigor with practical policy ideas, weighing reforms in taxation, education, antitrust, health care, and worker empowerment to realign incentives without sacrificing innovation. A standout pattern is the hosts' willingness to question established dogmas—whether about neoliberal orthodoxy, stakeholder versus shareholder orientations, or the balance between market efficiency and democratic accountability—while spotlighting influe... more

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1. Big Brains
2. Odd Lots
3. Conversations with Tyler
4. Macro Musings with David Beckworth
5. Interesting Times with Ross Douthat

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Capitalisn't launched 9 years ago and published 250 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Capitalisn't?

Recent guests on Capitalisn't include:

1. Daron Acemoglu
2. Renée Jones
3. Chris Griswold
4. Michael Klarman
5. John Campbell
6. Tarun Ramadorai
7. Katherine Tai
8. Adam Winkler

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