Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
James Robinson on What It Looks Like When a State is Failing
The third and last episode from our Chicago live show is with James Robinson, a professor at the University of Chicago and a recipient of the 2024 Nobel Prize in economics (which he shared with Daron Acemoglu and Simon Johnson). His most famous work is 2012's Why Nations Fail, and in that book he and his co-author Acemoglu document the institutional factors — whether it is reliably run elections or open markets that help facilitate innovation — that determine why some states thrive and others don't. So we ask Robinson the big question: What would have to happen for the US to be considered a failed state?
Read More: ‘Middle Powers’ Grapple With New Survival Strategies Under Trump
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