Zingales (@zingales) profile picture

Economist at the Chicago Booth School of Business - Co-host of the podcast Capitalisn't. Per i followers italiani: @zingales_it

Joined September 2008
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Economist @zingales : "Capitalism’s biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling the virtues of competitive markets with every breath while attempting to extinguish them with every action."
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If there were an AI angle this would be front page everywhere with panic. But it’s just your standard biowarfare risks of unleashing devastating disease. Boring.
Russia's plague outbreak is getting worse, now with 5 hospitals in Irkutsk quarantined, universities canceling classes and accusations from healthcare workers that the government is attempting a media cover-up. Nearly 200 contacts of a 28-year-old anti-plague laboratory worker who died last week are reportedly under isolation or medical observation. Irkutsk universities are canceling classes citing a ā€œcase of pneumonic plague,ā€ while an aluminum plant introduced mandatory masks. A local government warning advising residents not to travel to Shelekhov was published and later deleted. Healthcare workers claim doctors are discussing plague internally while avoiding the diagnosis in official documents. Russian health authorities continue to deny any plague outbreak, attributing the woman's death to ā€œpneumonia of unknown origin.ā€ Pneumonic plague is far worse that it's Bubonic cousin as its transmitted directly between humans.
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Replying to @UMich
@UMich Philosopher Elizabeth Anderson argues the American workplace isn't just hierarchical, it's unaccountable, and that quitting is not the remedy people think it is. Check out the full Capitalisn’t podcast with @zingales and @bethanymac12 below šŸ‘‡
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hot take from Zingales -- billionaires create value. everyday mainstreet millionaires? - beer distributors - car dealers - hospital execs rent seekers. the disconnect is that the local rent seekers don't get the political air coverage that the billionaires do. so we tolerate rent seeking at the local level and attack perceived rent seeking for large enterprises. I am highly sympathetic to this view! rent seeking happens and is most deleterious at the local level. hospitals, beer distributors, car dealers...all great examples. but no one cares! are there billionaires that engage in rent seeking? sure...and we go after them hard in political discourse. The problem w/ main street millionaires is we tolerate or even celebrate their rent seeking.
The American Dream Is Still Alive, for Cronies Is the American dream still alive? In a recent @WSJ article, @omzidar and Eric Zwick claim it is. Yet, their book provides a more nuanced picture. The millionaires they celebrate are not inventors, creative entrepreneurs, disruptive innovators: they are mostly rent seekers. From car dealers to beer distributors, from real estate brokers to real estate developers, their ā€œeverywhere millionairesā€ resemble more a list of antitrust violations than a monument to American ingenuity. Does the American dream amount to achieving an antitrust exemption? To find out, listen to the latest episode of Capitalisn’t where Bethany and I discuss these issues with Eric: youtube.com/watch?v=qHha_z-0…
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Extremely appealing book and interesting interview with the great @lugaricano. Thanks to the Capitalisn't team for posting.
If credentials lose their signaling value to AI-generated resumes, we will revert to a world where personal connections dictate who gets hired. That isn't competitive capitalism, it’s cronyism. We discuss this future and how to get out of it with @lugaricano, author of ā€œMessy Jobs: The Work That AI Cannot Reachā€ on our latest Capitalisn’t podcast: youtube.com/watch?v=Vnp8yFsS…
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The health care industry spends more on lobbying than any other sector of the U.S. economy. But who is lobbying for efficiency? On Capitalisn’t, @zackcooperYale spoke with @bethanymac12 and @zingales about the voice missing in DC.
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Rupert Murdoch famously invested in Theranos without ever requiring a financial statement. But if billionaires choose to gamble their own fortunes without looking at the books, why should regulators step in? šŸŽ§ Listen to the full Capitalisn't podcast with @bethanymac12 and @zingales, on Jones' new book from @Harvard_Press Untamed Unicorns: Why Startup Finance Is Broken and How to Fix It below šŸ‘‡
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"Labor is just another word for people." Not a sentence you’d expect from a conservative. That's what makes this conversation with @zingales and @chris_griz worth your time. youtube.com/watch?v=GAnKzBnZ…
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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. šŸŽ§ Full podcast below šŸ‘‡
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Zingales retweeted
šŸ“¢#CallForPapers - Stigler Center-CEPR Political Economy of Finance Conference 2026: Crony Capitalism in 21st Century America āŒ›Deadline: 1 June Keynote: Simon Johnson @baselinescene Organisers: @lambert_thom, Enrico Perotti, @r_jmagda, @zingales ow.ly/tAUg50Z05jS
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US’s economic exceptionalism was based on massive advantages from 250 years of commitment to rule of law ideals. Trump is destroying all of this. Investors must re-price. ā€œTrump’s Attack on Capitalismā€ ⁦@zingales⁩ promarket.org/2026/03/04/tru…
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More evidence that Meta is following the tobacco industry playbook for avoiding responsibility. (See p. 5 for evidence that it's mostly Meta). arxiv.org/pdf/2601.11507
Social media research has a major conflict of interest problem: ā€œhalf of the research published in top journals has disclosable ties to industry in the form of prior funding, collaboration, or employment. However, the majority of these ties go undisclosed in the published research...these findings suggest industry influence in social media research is extensive, impactful, and often opaqueā€ arxiv.org/pdf/2601.11507
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Is capitalism a force of nature, or a human-made order that we have the power to shape? Harvard’s @Sven_Beckert discusses the history and nature of capitalism on #Capitalisnt with @bethanymac12 and @zingales. via @StiglerCenter ms.spr.ly/6019tLzNT
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šŸŽ“Welcome Day - PhD in Economics & Management @UniPadova šŸ“…27 October, 9:30 am šŸ“Sala della CaritĆ , Padua Inaugural lecture by @zingales_it (@ChicagoBooth) 'Citizen Investors: How the Democratization of Stock Ownership Can Improve Capitalism'. economia.unipd.it/en/welcome… #EconTwitter
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NEW on #Capitalisnt: @PrincetonCITP director @random_walker joins @zingales and @bethanymac12 to explain why he believes #AI’s transformative impact is overstated. Drawing on his book "AI Snake Oil" (@PrincetonUPress), he argues that capitalism’s incentives can distort technological progress, pushing hype faster than reality can deliver. Listen now: capitalisnt.com/episodes/wha…
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NEW on #Capitalisnt: Takeo Hoshi, professor of economics at @UTokyo_News_en and leading expert on Japan’s financial system, joins @bethanymac12 and @zingales to discuss Japan’s lost decades of economic stagnation and missed opportunities, and if the US can avoid a similar fate if it is indeed on the cusp of its own economic bubble. Listen now: capitalisnt.com/episodes/why…
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