logo
episode-header-image
Apr 2025
35m 33s

The problem with running the government ...

MARKETPLACE
About this episode


The idea that the government should be run more like a business isn’t new. But with two businessmen, Donald Trump and Elon Musk, now taking a proverbial chainsaw to the federal bureaucracy all in the name “efficiency,” this theory is being put to the test. While it’s an appealing idea, Philip Joyce, professor of public policy at the University of Maryland School of Public Policy, said governments can’t afford to take risks the way businesses can. On the show today, Joyce explains the origins of the idea that the government should be run like a business, how we define “success” differently for the two entities, and how the way Trump and Musk do business is showing up in the White House.



Then, we’ll break down the high stakes of today’s special elections in Wisconsin and Florida. Plus, reflections on serendipitous moments in walkable communities and what we gain by admitting we were wrong.


Here’s everything we talked about today:




Got a question or comment for the hosts? Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.


Up next
Aug 22
Economics on Tap: Anime Edition
On the show today, Kimberly joins us from the anime convention AnimeNYC to share more about the economic impact of the anime industry and what cosplayers and business owners are saying about the economy right now. Spoiler alert: Tariffs are top of mind! And, we’ll weigh in on cor ... Show More
26m 48s
Aug 21
What to know about changing COVID vaccine guidelines
COVID-19 cases are on the rise again, and the federal guidelines for who should get vaccinated are in flux. We’ll unpack how it could impact what insurers are willing to cover this fall. And, as President Trump’s federal takeover of Washington D.C. continues, why is the city so q ... Show More
16m 7s
Aug 20
Trump turns up the heat on the Fed
Ahead of the central bank’s big meeting in Jackson Hole this week, President Trump is ramping up pressure on the Federal Reserve, calling for Fed governor Lisa Cook to resign over accusations of fraud. We’ll get into it. And, SpaceX got a win in federal court that could have last ... Show More
23m 56s
Recommended Episodes
Jul 2024
A one-two punch for the power of federal agencies
A Supreme Court ruling today gives companies a dramatically wider window to challenge federal regulations with lawsuits. We’ll get into why this is particularly important in light of a separate decision to overturn the Chevron doctrine, and how it could impact other federal regul ... Show More
20m 9s
May 1
The Economics of Law Firms’ Resistance to Trump, with John Morley
The rule of law is essential to the flourishing of liberal democracy and capitalism. Yet, it is now under pressure in the United States, and corporate law firms are in the eye of the storm. Over the last few weeks, President Donald Trump has issued executive orders against severa ... Show More
48m 3s
Jul 2024
Bloomberg Wall Street Week - July 12th, 2024
On this edition of Wall Street Week, Key Square Capital CEO Scott Bessent says that the Fed hasn't been very independent under President Biden. Columbia Law School Professor Kathryn Judge tells us how the Supreme Court's Chevron reversal could affect bank regulations. Former Brit ... Show More
38m 29s
May 29
Trump Wins Tariff Reprieve as Trade Agenda Faces Court Rollback
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda, offering at least some hope to a White House now facing ... Show More
29m 35s
May 26
How business leaders can renew democracy | Daniella Ballou-Aares
How much should business leaders speak out about threats to democracy? It's a question many corporations are wrestling with these days. Business and democracy leader Daniella Ballou-Aares shows why companies have both the ability and the responsibility to engage in protecting ele ... Show More
23m 12s
Jun 5
Trump Targets Musk’s US Contracts, Subsidies as Feud Grows
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump proposed ending Elon Musk’s government contracts and subsidies, escalating the war of words between the world’s richest man and the president he helped elect.“The easiest way to save money ... Show More
37m 51s
Oct 2024
How Lobbying Led to Crony Capitalism, with Brody Mullins
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 t ... Show More
43m 7s
Jul 10
Revealing the Secret Architects of Capitalism, with Chris Hughes
After the 2008 financial crisis, and especially after the COVID pandemic of 2020, an increasing number of Americans are questioning the wisdom of unregulated markets and envisioning a more active role for the state. Scholars have coined a panoply of neologisms to capture this vie ... Show More
49m 27s
Jul 16
France In ‘Mortal Danger’, Ring-Fencing Shake Up, Prime Brokerage Rush
Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) French Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fal ... Show More
19m 14s
Jun 26
How The Democrats Lost Labor And Found Capital, with David Sirota
The Democratic Party has become too focused on appeasing its billionaire donors and has failed to communicate its commitment to the working class, argues long-time political journalist David Sirota. The question moving forward, he says, is if the party can ever refocus its brand ... Show More
49m 36s