Boom Bust Season 2 Episode 67 A Libertarian and a Marxist Response to the Power of Corporatism

Boom Bust is a financial and business news show that seeks to provide viewers with an informed perspective on the global economy. In the 67th episode of its second season, titled "A Libertarian and a Marxist Response to the Power of Corporatism," the hosts explore the growing influence of corporations in modern society and the differing responses of libertarians and Marxists to this trend.

To begin the episode, the hosts provide a brief overview of the concept of corporatism and its historical roots. They note that while corporatism is often associated with fascist regimes of the early 20th century, it has become increasingly prevalent in modern democracies as well. With the rise of multinational corporations and their growing ability to shape political and economic policies, many people are questioning the role that these entities should play in society.

The hosts then turn to their guests, a libertarian and a Marxist, to discuss their respective views on corporatism and how it should be addressed. The libertarian argues that the solution is to increase individual freedom and limit the power of government, which he sees as the main enabler of corporate power. He believes that if individuals are free to pursue their own interests and make their own decisions, the market will naturally correct itself over time.

The Marxist, on the other hand, sees the problem as fundamentally rooted in the capitalist system itself. He argues that corporations are inherently driven by profit and will always seek to maximize their power and influence. He believes that the only way to address this is through collective action, such as forming labor unions and pushing for government regulations that limit corporate power.

Throughout the episode, the hosts and the guests engage in a lively and informative discussion about the merits of these two approaches. They explore the potential benefits and drawbacks of each, and examine how they might be implemented in practice. They also discuss the role that technology and globalization are playing in amplifying the power of corporations, and how this might be addressed going forward.

Overall, "A Libertarian and a Marxist Response to the Power of Corporatism" provides a thought-provoking and informative look at one of the most pressing issues of our time. Whether you are interested in economics, politics, or social justice, this episode is sure to challenge your assumptions and deepen your understanding of the complex forces shaping our world today.