Growing up in Italy, Luigi Zingales got to experience firsthand something that looked a lot like capitalism but definitely wasn't. Government subsidies, regulations tailored to serve the interests of existing corporations and a system in which connections were more important than merit combined to ensure a capitalism that was anything but inclusive or competitive. Wanting to live in the most competitive and inclusive system on the planet, Zingales moved to the United States. However, during his time here, Professor Zingales has seen the United States start to look worryingly like Italy. In his latest book, A Capitalism for the People, Professor Zingales draws a distinction between being pro-market and pro-business. Being pro-business means using government power to support the already rich. Being pro-market means designing the system to maximize competition. Berlusconi is pro-business…and so are a lot of American politicians. In fact, American politicians who are truly pro-market are incredibly rare. In this interview, Hunter (Bryan is too successful as an actor to be able to do his own podcast) gets Professor Zingales to explain this essential distinction and some of the other important aspects of his superb book.
Guest Links
Website: http://research.chicagobooth.edu/stigler Twitter: https://twitter.com/zingalesFacebook: https://www.facebook.com/luigi.zingales/
Guest Promo
Product 1: http://www.amazon.com/Capitalism-People-Recapturing-American-Prosperity/dp/0465085954
Product 2: http://www.amazon.com/Saving-Capitalism-Capitalists-Unleashing-Opportunity/dp/0691121281/ref=asap_bc?ie=UTF8