logo
episode-header-image
Yesterday
53m 22s

Bhaskar Sunkara Thinks the Market Has a ...

bloomberg
About this episode

In September, Gallup released a poll that showed that 43% percent of Americans viewed socialism positively, the highest approval since Gallup began the poll back in 2010. Since Zohran Mamdani won the NYC mayoral election, the left has made a number of gains across national politics. Still, the majority of Americans view socialism negatively, according to Gallup. As a longtime DSA member and veteran of leftist media, Bhaskar Sunkara is one of socialism's leading advocates, and he's spent much of his career charting what a socialist economy in America might look like. Unlike some other leftists, he believes the market has a place. In fact, he thinks markets and entrepreneurs are an objective good in society. He proposes a vision of so-called "market socialism" in his recent co-authored book The Blueprint, and he lays out this system for us in today's episode. We talk about how many features of capitalism — from small businesses to monetary policy — might be remade under socialist principles.

Read more:
Ocasio-Cortez Boosts El-Sayed and 2028 Talk With $1 Million Check
An Economist Makes the Case for Mamdani-Style Populism

Only Bloomberg - Business News, Stock Markets, Finance, Breaking & World News subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots

See omnystudio.com/listener for privacy information.

Up next
Oct 21
James Robinson on What It Looks Like When a State is Failing
The third and last episode from our Chicago live show is with James Robinson, a professor at the University of Chicago and a recipient of the 2024 Nobel Prize in economics (which he shared with Daron Acemoglu and Simon Johnson). His most famous work is 2012's Why Nations Fail, an ... Show More
37m 50s
Oct 20
CME's Terry Duffy on the Disconcerting State of Finance Regulation
The Commodity Futures Trading Commission was practically brand new when Terry Duffy started working at CME Gropu almost five decades ago, and over the course of his career at the exchange, this legend of the trading world has seen an enormous amount of change when it comes to fin ... Show More
29m 44s
Oct 19
Don Wilson on the GPU Market's Trillion Dollar Question
When we spoke to Don Wilson, founder and CEO of DRW, in Chicago last year, he told us he wanted to build a market for GPUs that would eventually be bigger than oil. A year's time in the age of AI is an eternity, and so for the first episode of this year's Chicago live show - reco ... Show More
26m 59s
Recommended Episodes
Dec 2020
220: How Small Businesses are Pivoting During the Pandemic
Today's bag of popcorn is brought to you by Square Card! Small business owners have been hit so hard by the effects the pandemic has had on the economy. To better understand these struggles I'm joined by Doran Poma, owner of Haute Beauty Guide by Doran, to learn how she has been ... Show More
14m 8s
May 2020
Adapt to Survive
2020 hasn't been good for British business - certainly not since Covid-19 showed up. The global pandemic and the lockdown imposed to try to fight it have affected individual livelihoods and those of many companies. John Murphy talks to some business owners from different sectors ... Show More
28m 38s
Jun 2020
Restaurants
In a moment of profound unrest and unprecedented chaos, Americans are wondering what comes next. For citizens and businesses alike, this is a period of questioning, rethinking and rebuilding -- sentiments that have been reflected in many conversations we've had over the last ten ... Show More
37m 15s
Feb 2024
Come to the cabaret
Can Can Culinary Cabaret is nestled in Seattle’s historic Pike Place Market. But the COVID-19 pandemic radically transformed the business, its audiences and the performers who keep the show going. Today, we’ll hear about its return to something that resembles “normal” and what th ... Show More
13m 26s
Mar 2020
Efforts to Flatten the Coronavirus Curve
Chris Pappas, CEO of The Chefs' Warehouse, shares insight on how his company is offering food products for sale to the general public in light of the pandemic. Dr. Patrice Harris, President of the American Medical Association, breaks down efforts to get Americans to help flatten ... Show More
30m 49s