Techdirt Podcast Episode 177: Why People Don't Trust Capitalism Anymore

from the market-based dept

The tides of public opinion on economics seem to be shifting, and criticism of the very idea of free markets is on the rise. The conversation is messy, confusing, and transcends many traditional political boundaries — so we've got an expert source to help us dig in. EconTalk host Russ Roberts joins us to look at why so many people don't trust capitalism anymore.

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Filed Under: capitalism, economics, free markets, podcast, russ roberts


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  1. identicon
    John Smith, 8 Aug 2018 @ 4:51pm

    Dapitalism requires people to play fair. Otherwise, it's organized crime and cronyism that rewards that which merit does not.

    We don't hire the best qualified
    We don't invest wisely (thus not rewarding good businesses)
    we lie, cheat, and steal

    This puts money and hands into the wrong people as surely as breeding to sexually aggressive men gives us the #metoo generation.

    People who talk about personal responsibility don't seem to like individuals who attempt to those the powerful accountable

    The only way to counter this is not to fight corruption directly, but to minimize its damage, through a socialist safety net.

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