“In Just About Every Generation, Many People Thought the American Republic was on the Verge of Collapse”

The second installment of our two-part interview with Harvard Business School professor David Moss about his recent book Democracy: A Case Study. “One of the reasons that the most dire warnings have never come true, except in one case, is precisely because our predecessors worried about them so much.”  

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Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”

The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger toward “totally discredited” elites following the 2008 financial crisis, and the subsequent rise of populist nationalism during a keynote address at the Stigler Center’s conference on the political economy of finance.   

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