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Capitalisn't

How “Muskism” Is Changing American Capitalism - ft. Quinn Slobodian

Capitalisn't

University of Chicago Podcast Network

Stigler Center, Chicago Booth, Socialism, Antitrust, University Of Chicago Podcast Network, Growth, 087667, Policy, Monopoly, Professors, Distortion, Research, Competition, Capitalisnt, Inequality, Promarket, Politics, Policymaking, Special Interest, Economics, Efficiency, Regulations, Chicago, Business, Markets, University Of Chicago, Kate Waldock, Capitalism, Friction, Bethany Mclean, Government, Macroeconomics, News, Education, Waldock, Georgetown, Microeconomics, Luigi Zingales, Zingales, Finance, Ucpn

4.5584 Ratings

🗓️ 7 May 2026

⏱️ 56 minutes

🧾️ Download transcript

Summary

Conventional wisdom suggests that Silicon Valley billionaires are libertarians trying to escape government oversight, but Quinn Slobodian argues they actually want to achieve state symbiosis by turning the government into a dependent client.

Transcript

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0:00.0

The interesting thing about Musk, he doesn't think about politics in the way that the tradition

0:05.9

of neoliberalism and classical liberalism before I thought about it.

0:09.2

Principles of compromise or meeting people halfway would be the exact wrong kind of

0:14.5

solution to be coming to.

0:16.3

Right?

0:16.9

If you're an engineer, there are good solutions.

0:19.0

The kind of engineer, Musk sees himself.

0:20.9

There are good ways of organizing things, and then there are bad ways of organizing things.

0:25.0

So your goal is to optimize.

0:28.2

And if you approach the social contract, society as a problem of optimization and efficiency,

0:36.0

you lose 90% of the history of political thought,

0:40.5

and you start speaking a language that normal people find very alienating. And that's,

0:46.5

you know, where we are. I'm Bethany McLean. Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

0:56.4

And I'm Luigi Zengalis.

0:57.8

We have socialism for the very rich, rugged individualism for the poor.

1:03.3

And this is Capital Isn't, a podcast about what is working in capitalism.

1:07.0

First of all, tell me, is there some society you know that doesn't run on greed?

1:11.6

And most importantly, what isn't?

1:13.6

We ought to do better by the people that get left behind.

1:16.6

I don't think we should have killed the capital system in the process.

1:19.6

For the better part of the 20th century, capitalism has been defined by Fordism, the new organization of production invented by Henry Ford and then exported

1:29.0

worldwide. Will the 21st century be defined as the century of muskism?

...

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