Recode Decode: The ‘bad ideas’ that broke American capitalism
from Decoder with Nilay Patel Hosted by The Verge
Washington Post economics columnist Steven Pearlstein talks with Recode's Kara Swisher about his new book, "Can American Capitalism Survive?: Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won’t Make Us Poor." In this episode: (01:57) Why Pearlstein wrote the book; (7:02) "We're not doing as well as we think we are."; (8:46) Is tech different from the rest of the economy?; (12:26) CEO salaries; (17:11) The "natural monopolies" of tech and how to break up Amazon; (23:07) Income inequality and the myth of "equal opportunity"; (28:27) Universal Basic Income and the middle class; (34:10) Why unions broke and how to reintroduce them; (38:38) Government is not the solution; (42:19) Treasury Secretary Steve Mnuchin, the corporate debt bubble and bitcoin; (46:37) The 2008 bank bailout, the estate tax, and California's tax system; (50:30) Immigration, socialism and the cost of college; (57:46) The environmental impact of economic growth, the rising deficit and Saudi money; (1:03:54) The power of shaming people on social media
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