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Capitalisn't

Ralph Nader's Capitalism

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

🗓️ 11 April 2024

⏱️ 49 minutes

🧾️ Download transcript

Summary

"The only true aging is the erosion of one's ideals," says Ralph Nader, the former third-party presidential candidate who just turned 90 after more than 60 years of consumer advocacy and fighting for small business in America. From influencing the transformative passage of car safety legislation to advancing numerous environmental protection and public accountability causes, Nader has fought against the proliferation and insinuation of corporate power in our government. In between all of that, Nader has also found the time to develop a prolific writing career. In this week’s episode, Nader joins Bethany and Luigi to discuss his new book, "Rebellious CEO: 12 Leaders Who Got It Right." The three talk about the possibilities of ethically profitable business, Nader’s lifelong pursuit of justice, his views on the state of capitalism today, the political disillusionment of the public, and how we can reclaim democratic control of capitalism.

Transcript

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0:00.0

My basic two reforms are subordination under the Constitution of corporate rights to human rights.

0:08.2

And the second is to, and this is the most important, is to strengthen local business.

0:16.7

I'm Bethany McLean.

0:18.5

Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

0:23.7

And I'm Luigi Zengalis.

0:25.1

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

0:30.6

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

0:34.6

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

0:39.3

And most importantly, what isn't?

0:41.3

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

0:43.3

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

0:47.3

As our loyal listeners know, it capital isn't, we distinguish between positions that are pro-capitalists, which we call pro-business, and positions that are pro-capitalists, which we call pro-business, and positions

0:55.0

that are pro-capitalism, which we label pro-market. Sometimes the two positions are sufficiently aligned

1:01.0

such that it's difficult to distinguish them. Other times, they are so far apart that it's impossible

1:06.2

to miss the difference. If there is one person who at least in the popular conception cannot be accused of

1:12.5

being pro-business, that's Ralph Nader, the consumer advocate who has transformed America.

1:18.0

Just recently, he published a book entitled The Rebellious CEO, where he celebrates some of the

1:23.6

benefits of the free enterprise system. While he never held public office, Nader was repeatedly considered one of the most influential

1:31.9

people in America during the last 60 years. Yes, you heard well 60, because Nader just

1:39.0

turned 90 at the end of February. It was back in 1965 that Ralph Nader became famous with his first book, Unsafe at Any Speed,

1:47.3

which was a fierce critique of the safety record of the American car industry, and particularly

1:52.1

of General Motors.

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