Episode
Steven Teles & Rajiv Sethi on Jailbreaking The Captured Economy (EPE 04)
COMPLEXITY · Sep 2, 2022 · 1 h 11 min
As the old nut goes, “To the victor goes the spoils.” But if each round of play consolidates the spoils into fewer hands, eventually it comes to pass that wealthy special interests twist the rules so much it undermines the game itself. When economic power overtakes the processes of democratic governance, growth stagnates, and the rift between the rich and poor becomes abyssal. Desperate times…