What Good Industrial Policy Should Look Like?

The basic premise of capitalism has always been that more people generating more profits will be better for everybody. Oren Cass wants to challenge that premise by prioritizing values over value and over market power. Oren was formerly an Economic Advisor to the Mitt Romney Presidential Campaign, now executive director of the nonprofit American Compass and author of The Once and Future Worker: A Vision for the Renewal of Work in America (2018). A successful economy, according to him, should not be measured by consumption but by opportunities for all to be productive with a wide range of aptitudes and interests. Luigi, Bethany, and Oren discuss what this means for replacing jobs with AI, China's economic relationship with the US, the idea of "Big Labor", and the interplay of neoliberalism with capitalism. Plus, Luigi and Bethany discuss Elon Musk and Twitter for the Capital-Is/Ins't section (47:00)