AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
18min chapter
Political Capitalism and the Power of Elites: Randall Holcombe
The Answer Is Transaction Costs
Political Capitalism and Democratic Dynamics
This chapter explores the concept of political capitalism, highlighting its divergence from traditional capitalist ideals and the interactions between private enterprises and the state. It examines voter behavior, the influence of political elites, and the need for competition in democracy, while reflecting on historical perspectives of capitalism and socialism. The speakers also introduce their upcoming book, 'Politics as Exchange,' discussing the essential role of a political elite in shaping public policy.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode