Capitalism
The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model
Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values since 2009...
Europe’s Last Call, China’s PR, and a New Role for the State: a Conversation Between Luis Garicano and Luigi Zingales
Former academic and current Member of European Parliament Luis Garicano and Luigi Zingales discuss the future of the European Union and of its member...
A New Capitalisn’t Episode, Featuring Paul Krugman: A Reading List
On this episode, Kate and Luigi talk with Nobel Prize-winning economist Paul Krugman about his new book Arguing with Zombies: Economics, Politics, and the...
The Best Political Economy Books of 2019
A history of American antimonopoly, the case against Big Tech, and how Europe got better than the US at free markets: here are (in no...
“Avoiding Plutocracy Would Require a Political Change”: Branko Milanovic on the Future of Capitalism
In an interview with ProMarket, CUNY Graduate Center economist Branko Milanovic discussed the differences and similarities between US-style and China-style capitalism and explained why,...
A Fair Amount of Freedom for Everyone: Aaron Director Did Have Ideals
David Henderson of the Hoover Institution defends the legacy of Aaron Director, the most enigmatic among the founders of the so-called "Chicago School." Director, argues...
The Counterfeit Capitalism of WeWork: Predatory Pricing as a Business Model
The company failed to go public and its founder, Adam Neumann, had to step down. This is good news: ordinary investors refused to put...
With the US and China, Two Types of Capitalism Are Competing With Each Other
Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...
The Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business
Senator Mitt Romney wrote Donald Trump a letter to stop his plan to reduce capital gain taxes. This is an important signal that a...
The Secret Code of Capital and the Origin of Wealth Inequality
Capital is not a thing, but a social relation enforced by the law and the state. With the right legal coding, any object, claim,...
