The Michael Shermer Show cover image

The Michael Shermer Show

326. Naomi Oreskes — The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market

Feb 21, 2023
01:54:16

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Capitalism and democracy can coexist but require well-regulated capitalism for the common good.
  • The myth of free market fundamentalism ignores market failures and the need for government intervention.

Deep dives

The Social Costs of Capitalism and the Need for Reform

The late 19th century was marked by exploitative working conditions, child labor, and industrial accidents. Workers were injured or killed on the job frequently, and there was a need for significant reform. Progressive reformers like Gifford Pinchot pushed for reforms such as Workman's Compensation and child labor regulations. However, these reforms faced fierce resistance from those who argued for the sanctity of the free market and limited government intervention. This debate highlighted the struggle between the need to protect workers and promote the common good, and the desire for individual liberty and limited government involvement.

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