logo
episode-header-image
Oct 2024
43m 7s

How Lobbying Led to Crony Capitalism, wi...

UNIVERSITY OF CHICAGO PODCAST NETWORK
About this episode

As the United States elections draw near, everyone is wondering who will take control of Washington next. In this week’s Capitalisn’t episode, Pulitzer Prize-winning reporter Brody Mullins reveals how the real winner will be neither Democrats nor Republicans. Rather, it will be the lobbyists.

Mullins is the co-author (along with his brother Luke, also an investigative reporter) of The Wolves of K Street: The Secret History of How Big Money Took Over Big Government. Brody joins Bethany and Luigi to discuss how corporations ranging from Genentech to Google participate in the invisible but massively influential lobbying industry to bend government policy toward their favor. Together, the three trace the roots and evolution of political lobbying from the 1970s to now and explore how it penetrates and leverages other spheres of society to abet its operations. How are academia and the media complicit in this ecosystem of influence operations? How has lobbying adapted to the changing attitudes of Americans towards Big Business? How might it change under either a Harris or Trump administration and beyond?

Episode Notes: Luigi mentions the transformational work of one figure in American politics who fought back against lobbyists’ substantial influence: consumer advocate Ralph Nader. Revisit our prior conversation and episode with Mr. Nader.

Up next
Oct 2
Why Capitalism Stopped Working In Japan, with Takeo Hoshi
The Japanese economy was once the envy of the world. By the 1980s, it looked set to surpass the United States in size. Real estate prices were high, the stock market was booming—the entire world was asking if Japan had found a superior model of economic growth and recovery after ... Show More
47m 55s
Sep 18
How Profit and Politics Hijacked Scientific Inquiry, with John Ioannidis
Why does a podcast about capitalism want to talk about science?Modern capitalism and science have evolved together since the Enlightenment. Advances in ship building and navigation enabled the Age of Discovery, which opened up new trade routes and markets to European merchants. T ... Show More
48m 10s
Sep 4
Will Privatizing The Mortgage Giants Solve The Housing Crisis?
This week, the Trump administration announced it would sell around 5% of mortgage giants and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The sale would begin to reintroduce the two firms to private markets after 17 years of government conservatorship. The ... Show More
44m 58s
Recommended Episodes
Sep 2023
Corruption is a bipartisan problem
Across the political spectrum, corruption seems to be the big news of the day. Democratic Sen. Bob Menendez was indicted today for taking hundreds of thousands of dollars in bribes. Meanwhile, ProPublica reported that Supreme Court Justice Clarence Thomas secretly attended Koch N ... Show More
40m 58s
Oct 2024
Timothy Snyder and Bill Adair on the War on Truth & The Fight for Freedom
Lying has always been a part of politics, but in recent years, political lies have come to dominate our elections and their outcomes. Even the notion that facts and truths can be objective and shared across the political divide has been put into question. As we head into a fraugh ... Show More
1h 4m
Jul 2024
The Elites vs… the Elites?
Donald Trump’s anti-establishment message has galvanized tech leaders across the US, including in former Democratic Party stronghold, Silicon Valley. In the second half of our election special, we’ll hear from This American Life’s Zoe Chace about what happened when Michigan Repub ... Show More
31m 16s
Jul 1
Episode #231 - Why President McKinley? (Part II)
The 1896 election of William McKinley has been noted as an inflection point in American politics. But, historians are often conflicted about what story they want to tell. It could be seen as moment when Americans rejected a populist firebrand, critical of the wealthy and appealin ... Show More
1h 21m
Aug 29
Why Bosses Have Had It With Office Activists
P.M. Edition for Aug. 29. This week, Microsoft became the latest company to crack down on political dissent among its employees. We hear from WSJ reporter Lindsay Ellis on why corporate leaders are adopting a new, harder-line playbook for dealing with political debate at work. Pl ... Show More
13m 30s
Dec 2024
Paul Pierson and Eric Schickler, "Partisan Nation: The Dangerous New Logic of American Politics in a Nationalized Era" (U Chicago Press, 2024)
American democracy is in trouble. At the heart of the contemporary crisis is a mismatch between America's Constitution and today's nationalized, partisan politics. Although American political institutions remain federated and fragmented, the ground beneath them has moved, with th ... Show More
34m 14s
Oct 8
Republicans Demand Answers Over Alleged FBI Spying Scandal
Special Counsel Jack Smith’s investigation into the January 6th Capitol riot allegedly had a focus on the communications of eight Republican senators, including Senator Bill Hagerty, who has revealed how the FBI accessed their private messages. United States Senator Bill Hagerty ... Show More
33m 46s
Jun 2024
The Biggest Political Divide Is Not Left vs. Right
The biggest divide in our politics isn’t between Democrats and Republicans, or even left and right. It’s between people who follow politics closely, and those who pay almost no attention to it. If you’re in the former camp — and if you’re reading this, you probably are — the latt ... Show More
1h 10m
Sep 2
How Trump Is Changing American Capitalism
In a series of extraordinary deals, President Trump has muscled himself directly into the business of corporate America.The U.S. government has been made the largest shareholder of Intel, one of the most iconic companies in the country. Senator Bernie Sanders has praised the move ... Show More
31m 7s
Sep 2024
US Election: Spending on TV advertising
The campaign teams supporting Donald Trump and Kamala Harris in the race to the White House are expected to spend a total of more than $10 billion.A journalist with the CBS network, Larry Magid, explains why most of the money will be spent on political advertising on television. ... Show More
17m 37s