Ukraine: A Restart Of History

After the fall of the Berlin Wall, political scientist Francis Fukuyama famously proclaimed the "end of history" and of humankind’s ideological evolution. The combination of Western liberal democracy and capitalism were seen as the final, convergent form of global human organization — surpassing geopolitical considerations. As Russia invades Ukraine, history seems to have restarted. This time the tension is not between capitalism and socialism, but between liberal capitalism and autocratic capitalism, between globalism and nativism, between a state subordinated to economic interests and economic interests subordinated to the state. Amidst this unfolding situation, Luigi and Bethany discuss how sanctions, SWIFT, the energy sector, digital platforms, new geopolitical blocks, and more are coming together to possibly reshape the course of history.

Om Podcasten

Is capitalism the engine of destruction or the engine of prosperity? On this podcast we talk about the ways capitalism is—or more often isn’t—working in our world today. Hosted by Vanity Fair contributing editor, Bethany McLean and world renowned economics professor Luigi Zingales, we explain how capitalism can go wrong, and what we can do to fix it. Cover photo attributions: https://www.chicagobooth.edu/research/stigler/about/capitalisnt. If you would like to send us feedback, suggestions for guests we should bring on, or connect with Bethany and Luigi, please email: contact at capitalisnt dot com. If you like our show, we'd greatly appreciate you giving us a rating or a review. It helps other listeners find us too.