Mailbag: UBI, AI, and Does Luigi Believe in "Free Time"?

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

4.5 • 584 Ratings

🗓️ 10 October 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You asked and we answered: Over the last year, we have solicited listeners’ questions via voicemail, email, and social media. In this episode, our producer, Matt, turns the tables on Bethany and Luigi and puts them in the hot seat to answer your burning questions in an Ask Me Anything “AMA” format. How do Bethany and Luigi actually define capitalism? Does universal basic income disincentivize work? Does the adoption of artificial intelligence mean we need to rethink economics? What would Bethany and Luigi do if they were president for a day? And perhaps the scariest one of all: does Luigi believe in taking time off?

Transcript

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0:00.0	I'm Bethany McLean.
0:03.5	Did you ever have a moment of doubt about capitalism and whether greed's a good idea?
0:08.8	And I'm Luigi Zengalis.
0:10.2	We have socialism for the very rich, rugged individualism for the poor.
0:15.6	And this is Capital Isn't, a podcast about what is working in capitalism.
0:19.6	First of all, tell me, is there some society you know that doesn't run on greed?
0:24.1	And most importantly, what isn't?
0:26.1	We ought to do better by the people that get left behind.
0:29.0	I don't think we shouldn't kill the capital system in the process.
0:32.6	All right, this week on capitalism, we are turning the tables.
0:36.8	We're flipping the script.
0:38.0	We're putting the hosts in the hot seat. My name is Matt Hodap. Normally, I'm just the producer of this show. My job is to edit the questions. Luigi and Bethany ask our guests. But this week, I'm going to be asking questions. But mostly I'm going to be a stand-in for you, the audience. We've solicited questions from all of you over the last year, either by voicemail, by email,
0:58.3	just talking to you over Twitter.
1:00.7	And this week, we're going to get you some answers.
1:02.9	We're joining the ranks of all your favorite podcasts.
1:05.2	We're doing the mailbag episode.
1:06.7	We're going full Reddit AMA.
1:08.7	You guys ready?
1:09.9	With that introduction, I'm a little scared, but fine. Luigi, what do you? There's nothing too scary. I actually think this first question is probably the most terrifying question for both of you. What do you both do for fun? We take ourselves very seriously on this show, but when you guys are blowing off steam, when you're having a good time, just enjoying yourself, what do you guys like to do?
1:30.0	What are your hobbies?
1:32.0	Silence.
1:32.8	I told you to be the scariest one.
	...

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