The Long History of Capitalism's Critiques (w/ John Cassidy)

There is no denying that capitalism has played a leading role in warming the planet.   As the Industrial Revolution ushered in previously unseen levels of prosperity for some people, human beings' negative impact on the natural world exploded at a ferocious rate.  While it's helpful for modern-day economists to look back at the faults and failures of capitalism as a way to explain the multitude of problems facing humanity in the 21st century, it's even more interesting to understand the critiques that economists of the 19th and 20th century had about capitalism and what they were experiencing in real time that led them to these incredibly-prescient conclusions.

John Cassidy joins the show this week to discuss his new book "Capitalism and Its Critics: A History: From the Industrial Revolution to AI". John has written about economics and politics for The New Yorker for over 30 years. He's also the author of "How Markets Fail" and "Dot.Con: How America Lost Its Mind and Its Money in the Internet Era."  John's new book covers 250 years of economic critiques of capitalism from well known economists like Karl Marx, John Maynard Keynes, and Joan Robinson, as well as some lesser-know, yet incredibly important critics like Nicholas Georgescu-Roegen, Rosa Luxemburg, JC Kumarappa, and many more.

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