Can Liberalism Survive This Kind of Capitalism? - ft. Daron Acemoglu

For most of the last century liberal democracies offered a simple deal: the economy grows and, if you work hard, you get a fair shot at the rewards. According to 2024 Nobel Prize-winning economist Daron Acemoglu, that deal is broken. Acemoglu joins Bethany McLean and Luigi Zingales to discuss his new book, What Happened to Liberal Democracy?, and why the system that delivered unprecedented freedom and prosperity abandoned the working class in favor of the college-educated elite.  Acemoglu makes the case that things will only get worse as AI is being designed to replace human labor, driving wage stagnation and economic anxiety. But he thinks we can still turn things around, and he brought his solutions to our podcast. Connect with us: 📺 Subscribe to our YouTube Channel 📱 Follow Capitalisn’t on Instagram & TikTok ✉️ Email your questions and comments to capitalisntpod@gmail.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.