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Welcome to Crimetown, a series produced by Marc Smerling and Zac Stuart-Pontier in partnership with Gimlet Media. Each season, we investigate the culture of crime in a different city. In Season 2, Crimetown heads to the heart of the Rust Belt: Detroit, Michigan. From its heyday as Motor City to its rebirth as the Brooklyn of the Midwest, Detroit’s history reflects a series of issues that strike at the heart of American identity: race, poverty, policing, loss of industry, the war on drugs, an ...
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Corporatism, Rent-Seeking, and the Suffering Consumer Julia Cartwright
Julia Cartwright discusses how younger consumers view capitalism negatively due to suffering from corporate practices, distinguishing between capitalism (fine) and corporatism (not fine). Corporatism is the entanglement of government and business, often through rent-seeking (investing in politics for favors, like lobbying). Examples include healthcare lobbying, increased airline flights for officials, and regulatory capture (like the CHIPS and Science Act favoring big tech).
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Julia Cartwright discusses how younger consumers view capitalism negatively due to suffering from corporate practices, distinguishing between capitalism (fine) and corporatism (not fine). Corporatism is the entanglement of government and business, often through rent-seeking (investing in politics for favors, like lobbying). Examples include healthcare lobbying, increased airline flights for officials, and regulatory capture (like the CHIPS and Science Act favoring big tech).
1920 LIMOUSINE
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