Recode Decode: The ‘bad ideas’ that broke American capitalism

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 7 November 2018

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Washington Post economics columnist Steven Pearlstein talks with Recode's Kara Swisher about his new book, "Can American Capitalism Survive?: Why Greed Is Not Good, Opportunity Is Not Equal, and Fairness Won’t Make Us Poor." In this episode: (01:57) Why Pearlstein wrote the book; (7:02) "We're not doing as well as we think we are."; (8:46) Is tech different from the rest of the economy?; (12:26) CEO salaries; (17:11) The "natural monopolies" of tech and how to break up Amazon; (23:07) Income inequality and the myth of "equal opportunity"; (28:27) Universal Basic Income and the middle class; (34:10) Why unions broke and how to reintroduce them; (38:38) Government is not the solution; (42:19) Treasury Secretary Steve Mnuchin, the corporate debt bubble and bitcoin; (46:37) The 2008 bank bailout, the estate tax, and California's tax system; (50:30) Immigration, socialism and the cost of college; (57:46) The environmental impact of economic growth, the rising deficit and Saudi money; (1:03:54) The power of shaming people on social media Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:44.4	How Steve Jobs' revolutionary catastrophe of a computer, the Apple Lisa,
0:49.6	earned a brief second life and then was buried for good.
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1:02.4	Hi, I'm Cara Swisher, Editor-Large of RICO.
1:04.7	You may know me as someone who loves the free market,
1:07.1	but in my spare time I talk tech and you're listening to RICO D-Code
1:10.4	from the Vox Media Podcast Network.
1:12.5	Today we're going to play an interview I did with Stephen Pearlstein,
1:15.2	a Washington Post economics columnist and a professor of public affairs at George Mason University.
1:20.7	He was also one of my first bosses.
1:22.7	He's the author of a new book called Can American Capitalism Survive?
	...

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