Can Liberalism Survive This Kind of Capitalism? - ft. Daron Acemoglu
Summary
MIT economist Daron Acemoglu discusses his book, "What Happened to Liberal Democracy," arguing that liberal elites abandoned working-class prosperity by prioritizing cultural values over economic needs. He attributes the decline of shared wealth primarily to automation and globalization, which reduced labor demand, rather than solely to monopoly power. Acemoglu advocates for "human-complementary" AI that augments worker skills rather than replacing them, proposing policy fixes like symmetric tax codes and data property rights. Hosts Bethany McLean and Luigi Zingales challenge his optimism, …
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