Marshall here, welcome back to The Realignment. In this episode, I'm joined by the New Yorkers

John Cassidy, author of a new book, Capitalism and Its Critics, A History from the Industrial

Revolution to AI. In our conversation, John and I unpack the rise of anti-capitalist sentiment

across the political spectrum since 2016, from President Trump's right-wing economic nationalism

to Senator Bernie Sanders' left-wing democratic socialism.

John argues that the backlash to the stealths quo that has defined our politics for almost a decade

is rooted in deeper issues that trace back to the Industrial Revolution in the 19th century.

We also cover the consequences of globalization, missed opportunities in U.S. trade policy,

the coming AI disruption, and the brewing tensions between tech and democracy.

I really enjoyed this conversation, and I want to note that John is the author of one of my favorite

books.com, How America Lost Its Mind and Money in the Internet Era.

The book covers the rise and fall of the 1990s tech boom and played a huge role in shaping

my interest in the economic and market side of the internet. What's also interesting about the book

is it came out right around the time of 9-11, so the tech boom and bust was really overshadowed

by that moment, but the book itself is a great retelling of our 1990s story that we often look upon with nostalgia today,

but involves so many more complicated factors that the book does an excellent job of covering.

Huge thanks to the Foundation for American Innovation for supporting the work of this podcast.

John Cassidy, welcome to The Reallignment.

Thanks for inviting me on, Marshall. I'm glad to be here.

I'm very excited to chat with you. So you've written a new book,

capitalism and its critics, a history from the Industrial Revolution to AI. And what you articulate

you're trying to accomplish for the book is to tell the story of capitalism through the eyes

...