3min chapter

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462. The Future of New York City Is in Question. Could Andrew Yang Be the Answer?

Freakonomics Radio

CHAPTER

The Biggest Flaw With Capitalism Right Now Is That It's Optimizing for Humanity

I know that in your book, the war on normal people, you propose that for every hundred million dollars that a company is fined by the department of justice or that they're bailed out by the federal government, and that both its c e o and its largest individual shareholder should spend one month in jail. I don't think that's something i have discretion over in new york city. But there are firms that can just do a very simple cost benefit analysis and say, o k, if we market opioids as a an addiction free wonder drug, we're going to make fifteen billion,. And guess what? Will still be among the richest companies and individuals in the world. So seems i could...

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