Is Capitalism Delivering For The Majority? - ft. Steve Kaplan

The US economy looks great on paper: high GDP, low unemployment, and booming markets. So why does it feel like the system is broken for so many people? To unpack the disconnect between macroeconomic data and everyday financial anxiety, we’re joined by Chicago Booth professor Steve Kaplan. A staunch defender of the free market, Kaplan argues that despite our collective pessimism, American capitalism is actually delivering unprecedented prosperity. Are we just looking at the data wrong, or is the market failing us? From the staggering costs of the US healthcare system to the lasting scars of the China labor shock, we debate the deepest fractures in our modern economic framework. Recorded alongside the Stigler Center's economic conference "Can Capitalism Be Popular?" the conversation covers how to actually measure an economic system, the U.S. vs. Europe debate, the opioid crisis, health care lock-in, teachers' unions, UBI, and the core tension of the whole show: if capitalism is working, why doesn't it feel that way? 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.