Philosophy Talk: Radical Markets – Solutions for a Gilded Age?
What would happen if instead of being privately owned, productive goods were continually put up for auction?
Many people think that growing inequality, the rise of populism and nativism, and the decay of democratic institutions all have the same cause—the overreach of markets. The solution, they believe, is to limit the market through regulation. But what if rather than shrinking the market, the answer lies in expanding the market? Is it possible that we haven't let markets go far enough? Do our current regulations lead to too many monopolies? And could turning more things into assets that are for sale to the highest bidder actually be the solution to our new gilded age? Debra and Ken buy and sell with Glen Weyl from Yale University, co-author of Radical Markets: Uprooting Capitalism and Democracy for a Just Society.
Join the conversation LIVE this Sunday 7/15 at 11 am by calling 1-800-525-9917, or catch the re-broadcast Tuesday 7/17 at 12 noon.