Does Anyone Really Know What Socialism Is? (Ep. 408 Rebroadcast)

In this thought-provoking discussion, Jeffrey Sachs, a Columbia University professor and sustainable development expert, teams up with James Robinson, a University of Chicago professor known for his insights on institutional economics. They dive into the rising interest in socialism among millennials and dissect its implications in the U.S. They explore global perspectives on economic systems, contrasting successful models like Norway with the struggles in Venezuela, while emphasizing the importance of strong institutions in managing resources and addressing inequality.