Daron Acemoglu: belief

Transcript context

…Tell me your view. Okay. How many hours do we have? You very succinctly summarized what—I try to convey this in the book, but perhaps not clearly enough—but what I think brought liberalism’s crisis. In two words, liberalism crisis is related to the rise of a post-industrial economy in which what you just called the educated elite has become both much more powerful and more numerous, and a philosophical shift that gave more and more priority and power to the educated elite. Whether you approach that from the left liberal point of view or from more of a right liberal point of view, that’s problematic in my mind. We cannot have true freedom and true flourishing of a population when there is a clear hierarchy, whether it is by education, it is by race, it is by income. Just empowering the elite in that way is not going to cut it. But we want to cover up the role of the elite to some extent, right? The Straussian view.…

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