Can We Build a Middle Class Without Factories? - ft. Dani Rodrik
Capitalisn't
University of Chicago Podcast Network
4.5 • 584 Ratings
🗓️ 22 January 2026
⏱️ 42 minutes
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| 0:00.0 | It's not a conclusion that I reach, you know, willingly. |
| 0:02.9 | I mean, I reach that conclusion because there is simply no option. |
| 0:06.6 | And if my story doesn't convince you, Luigi, that the services-based strategy can deliver some development, |
| 0:13.3 | then the alternative is not to say, let's go manufacturing. |
| 0:17.0 | The alternative is jumps simply to be very pessimistic about the future. |
| 0:22.4 | I'm Bethany McLean. |
| 0:24.1 | Did you ever have a moment of doubt about capitalism and whether greed's a good idea? |
| 0:29.3 | And I'm Luigi Zengalis. |
| 0:30.7 | We have socialism for the very rich, rugged individualism for the poor. |
| 0:36.2 | And this is Capital Isn't, a podcast about what is working in capitalism. |
| 0:40.1 | First of all, tell me, is there some society you know that doesn't run on greed? |
| 0:44.6 | And most importantly, what isn't? |
| 0:46.6 | We ought to do better by the people that get left behind. |
| 0:49.5 | I don't think we shouldn't kill the capital system in the process. |
| 0:53.0 | There's a massive disconnect right now between the economic data and how people actually feel. |
| 0:57.8 | The data says inflation is down. |
| 0:59.8 | Things are affordable. |
| 1:00.6 | You should be happy. |
| 1:01.5 | But the voters say the system is broken. |
| 1:04.0 | For the last 40 years, the North Star of our economy was simply make things cheaper. |
| 1:09.2 | We assume that if goods were affordable, people would be happy. |
| 1:13.0 | And by that metric, we succeeded. Consumer goods have never been more accessible. Yet, people are |
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