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Capitalism
Artificial Intelligence
Social Media
Economics
Education
Regulation
Federal Reserve
Immigration
Trump Administration
Poverty
Wall Street
Democracy
Deregulation
Economic Mobility
Department Of Government Efficiency
En-Shitification
Private Equity
Globalization
Behavioral Economics
Big Tech

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 monthlyEpisodes254Founded9 years ago
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Artwork for Capitalisn't

Latest Episodes

Everyone blames Citizens United for super PACs. Harvard Law professor Lawrence Lessig says they're blaming the wrong case, and he is actually taking his argument to court. The ruling that actually created super PACs, he argues, is SpeechNow.org v. FE... more

At the center of our market economy sits an institution that runs more like a dictatorship. The firm you work for writes the rules and enforces them. There is no vote, no appeal, and no constitution. The only real remedy is to leave.

University of M... more

For every member of the Forbes 400, there are more than 4,000 private business owners worth at least $10 million. You probably have never heard of any of them.

They own the beer distributorship in your town, the dental group with four offices, the H... more

The drugs in your medicine cabinet were probably discovered on your dime, in a university lab, with NIH money. You don't hold the patent. You don't set the price. Same story with the touchscreen, the GPS and the voice assistant in your pocket.

The p... more

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Recent Guests

Elizabeth Anderson
Philosopher and author
Episode: The Workplace Is a Dictatorship? - ft. Elizabeth Anderson
Eric Zwick
Professor of Economics and Finance at the University of Chicago Booth School of Business, co-author of The Everywhere Millionaire
University of Chicago Booth School of Business
Episode: Why Congress Protects Car Dealers More Than Elon Musk - ft. Eric Zwick
Mariana Mazzucato
Author and economist advocating the common good in public policy
University College London / Institute for Innovation and Public Purpose
Episode: Can Capitalism Serve the Common Good? - ft. Mariana Mazzucato
Luis Garicano
Professor at London School of Economics; co-author of Messy Jobs
London School of Economics / Universidad de Chicago Booth (via discussion)
Episode: The One Thing That Could Decide If AI Takes Your Job - Ft. Luis Garicano
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

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
  • Sneering Elites

    I used to really enjoy this show however it has recently veered into sneering elitist snark. The episodes on the “Everywhere Millionaire” and “Workplace Dictatorships” were offensive and unlistenable to anyone who cares about private property or any amount of individual freedom and contained ridiculous amounts of ignorance. Claiming that car dealers don’t add value while ignoring that the bulk of earnings by car dealers is service is just one glaring example. Stumping for European style workers’... more

    Apple Podcasts
    1
    HSamuelLind
    United States11 days ago
  • US tax law changes

    Sense the most senior executives receive performance compensation in the form of stock options, they pay no income tax.

    We need to return to senior executives receiving cash salaries to partially deal with income inequality. Today income inequality is as great as it’s been in 72 years.

    You can have concentration of wealth or democracy, but not both~ Justice Brandise.

    Apple Podcasts
    2
    Lee Esq
    United States2 months ago
  • 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 States2 months 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 States3 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 States4 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
#23
United States/Government
Apple Podcasts
#21
Canada/Government
Apple Podcasts
#29
United Kingdom/Government
Apple Podcasts
#1
Italy/Government
Apple Podcasts
#14
Germany/Government
Apple Podcasts
#33
France/Government

Talking Points

Recent interactions between the hosts and their guests.

The Workplace Is a Dictatorship? - ft. Elizabeth Anderson
Q: Is UBI a good or a bad thing in the sense that perhaps it's a good thing but could undermine work ethic?
The guest suggests that UBI is not a complete solution; while it can stabilize income, it doesn't address all needs like healthcare or housing and may not fully sustain a robust work ethic. The discussion emphasizes that jobs alone aren't the sole measure of meaningful work and that policy should consider broader support and incentives.
Can Capitalism Serve the Common Good? - ft. Mariana Mazzucato
Q: How do you reconcile the need for government capacity with the risk of capture by powerful interests?
They discuss the importance of internal capabilities, paying skilled personnel well, maintaining independence from consultants, and designing governance with explicit conditionalities and accountability to prevent capture.
Can Capitalism Serve the Common Good? - ft. Mariana Mazzucato
Q: What would a mission-oriented state look like in practice, and how do we avoid subsidizing failure while promoting public goods?
The discussion outlines five principles for a mission-oriented framework (co-creation, knowledge sharing, shared rewards, accountability, and clear goals) and highlights procurement and public investment as tools to direct innovation toward societal needs.
Can Capitalism Serve the Common Good? - ft. Mariana Mazzucato
Q: Did you ever have a moment of doubt about capitalism and whether greed is a good idea?
The guest challenges the idea that markets are naturally aligned with the common good, arguing that design, governance, and public institutions shape outcomes; reform should orient capitalism toward shared goals rather than simply chasing efficiency or profits.
The One Thing That Could Decide If AI Takes Your Job - Ft. Luis Garicano
Q: How do you decide which jobs are likely to be strong bundles and resist automation?
Jobs that involve complex coordination, tacit knowledge, trust, and relational elements tend to resist automation, while highly codifiable, rule-based tasks are more vulnerable. The key is identifying which components of a task can be separated and still deliver value.

Audience Metrics

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

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Gender Skew
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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. The Pie: An Economics Podcast
3. Conversations with Tyler
4. The Ezra Klein Show
5. Odd Lots

How many episodes of Capitalisn't are there?

Capitalisn't launched 9 years ago and published 254 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. Elizabeth Anderson
2. Eric Zwick
3. Mariana Mazzucato
4. Luis Garicano
5. Daron Acemoglu
6. Renée Jones
7. Chris Griswold
8. Michael Klarman

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