The Dangerous New Consensus Against Capitalism
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The Dangerous New Consensus Against Capitalism
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Robert Bork Jr. joins Lee to examine a surprising political development: the growing agreement between the left and right that government should exert greater control over America’s private markets. Bork calls this emerging ideology “conservative socialism,” a populist approach that uses antitrust enforcement and industrial policy to punish adversaries, reward allies, and choose economic winners and losers.
What happens when both political parties turn away from free-market principles? Smith and Bork discuss Big Tech, the legacy of The Antitrust Paradox, the erosion of the consumer welfare standard, and the threat political management poses to innovation, economic growth, and individual liberty.
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