FET #60: The shakedown business

How do organisations that emerge to help people end up degrading over time and becoming a plain old shakedown?That’s the topic I discuss with regular co-host Jonathan Gadir. Although we don’t mention it, my book Rigged, co-authored with Paul Frijters, explains many of the economic mechanisms behind the degradation of institutions into what could be described as a rent-seeking mafia. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts.Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0Interested in learning more? Fresh Economic Thinking runs in-person and online workshops to help your organisation dig into the economic issues you face and learn powerful insights. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe