A long long time ago, a company called Enron owned both the equity and the debt in some of its deals, which smart people explained to me was a bad idea. I’ve wondered why that stopped being true.
For four years I’ve listened to private equity guys explain why exits weren’t happening.
Rates.
Lina Khan.
The election.
Tariffs.
The excuse changes every six months.
The inventory still grows.
There are still tens of thousands of PE-backed companies waiting to be sold, private credit funds pretending marks are real, and insurers funding the whole machine.
Maybe the problem isn’t Washington.
Maybe the problem is that the smart money got high on its own supply.
No paywall.
https://t.co/YSNvXW6cBE
Why do corporations always win at the Supreme Court?
@UCLA_Law's @adamwinkler joins #Capitalisnt hosts @zingales and @bethanymac12 to discuss a 200-year campaign by business to win the constitutional rights of human beings. https://t.co/VqaPr2gMZZ
Love this. And even as you get older, you can keep discovering new romances with the city. H/T @ritholtz. How Can You Not be Romantic About NYC? https://t.co/9YnNsFkWb0
Amazing: KPMG wrote a report describing the successful use of AI by businesses. But the case studies turned out to be AI hallucinations.
https://t.co/s3LE8vedNi
Podcast with Quinn Slobodian about his book Muskism. Argues Muskism instrumentalises government for profit, leverages infrastructure as power through vertical integration, and treats social contracts as optimisation problems.
@zingales@bethanymac12 https://t.co/ppfCrcslB0
According to @UCLA_Law professor Adam Winkler, originalist justices have often been responsible for the expansion of corporate rights. But, he says, there is absolutely no historical evidence that the framers wanted to protect business corporations.
🎧Listen to the full Capitalisn't podcast below to hear hosts @zingales & @bethanymac12 debate the wild history of corporate personhood 👇
@StewieMAnderson The evidence (at least that which is publicized) points in the other direction. Then again, most “miracle” drugs do turn out to have a downside…I’m curious why you say that.
Life in America: a healthcare company that won’t pay for its own workforce to be healthier bc profits matter more. “HCA Healthcare…stopped covering the drugs for weight-loss use as of January after use of GLP-1s on its employee plan surged 90% in 2025…”
https://t.co/PoY1YB5Yb9
@mtm14@MarginOfRisk404 That’s a lot easier for some people than for others. But regardless of where responsibility lies, the societal cost of healthcare will be way less if obesity falls. It’s long term stupid that corporate America won’t help.
@BoringBiz_ Maybe more true in the past than it has become bc incentives have changed? Cheap debt made it easier to get returns by adding debt than by improving the business. PE firms being publicly traded rewards asset accumulation and the swift deployment of capital.
Are we allowing corporations to cherry-pick the perks of personhood while avoiding the responsibilities?
UCLA law professor Adam Winkler tells @bethanymac12 & @zingales that while the Constitution famously begins with We the People, the legal history shows a steady shift toward We the Corporations.
Listen to the full Capitalisn’t podcast below 👇
How does a free, decentralized, volunteer-run encyclopedia produce something more trusted than many for-profit institutions?
@zingales & @bethanymac12 sit down with Wikipedia founder @jimmy_wales on the latest Capitalisn’t to explore how the platform organizes global knowledge.
🎧 Full podcast below 👇
Breaking News: Steven Rosenbaum, the author of “The Future of Truth,” acknowledged that the nonfiction book about the effects of A.I. on truth included misattributed or fake quotes concocted by A.I. https://t.co/QFkX5BqlKs
The classic Silicon Valley libertarian wants to flee government meddling. What if today's most powerful tech titan doesn't want to shrink the state, but rather absorb it?
Is capitalism delivering for the majority?
Chicago Booth’s Steve Kaplan joins #Capitalisnt hosts @zingales and @bethanymac12 argues in support of the merits of American capitalism.
https://t.co/9bIm3xNDPs