Is American Capitalism Broken?

Is American capitalism broken? The 2020 presidential campaign, in the midst of an economy-shattering pandemic, reignited the debate over whether our version of capitalism needs some socialism to survive. Vermont Senator Bernie Sanders offered a full-throated defense of democratic socialism, for instance, while his opponents on the Republican side warned against tilting too far to the left. Harvard economist Benjamin Friedman, author of 'Religion and the Rise of Capitalism,' joins the podcast for a nuanced discussion about these competing economic systems. Subscribe today to support our important work! Subscriptions begin at only $5 per month. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.