Why is right now the easiest time in modern history for the wealthy to get away with whatever they want? HuffPost reporter and fellow Seattleite Michael Hobbes joins Zach in the studio for a deep dive into his most recent article about white collar crime. nnMichael Hobbes covers the new economy for HuffPost and is the co-host of the podcast “You’re Wrong About”. nTwitter: @RottenInDenmarkn@HuffPostnnFurther reading: nThe Golden Age of White Collar Crime: https://www.huffpost.com/highline/article/white-collar-crime/nnWebsite: https://pitchforkeconomics.com/nTwitter: @PitchforkEconnInstagram: @pitchforkeconomicsnNick’s twitter: @NickHanauer
The Gilded Age of White Collar Crime (with Michael Hobbes)
Only a few weeks into his second term, Donald Trump and his billionaire buddies are doing their best to dismantle the federal government’s regulatory agencies. So today, we’re revisiting a compelling conversation we had in 2020 with journalist and podcast host Michael Hobbes about a piece he wrote in HuffPost titled “The Golden Age of White-Collar Crime.” Initially reported against the backdrop of Trump’s first presidency and its alarming erosion of regulatory oversight, Hobbes breaks down the staggering prevalence of elite deviance—where the wealthy evade accountability for crimes that cause immense social harm—and also offers insight into why white-collar crime often goes unchecked. It’s a timely reminder of the consequences of allowing the ultra-wealthy to operate above the law.