Of capitalism, regulation, and detecting fraud: Luigi Zingales, Booth School of Business | Arth Niti

In this episode of Arth Niti, Shekhar Tomar, Assistant Professor, Economics and Public Policy, ISB, is in conversation with Luigi Zingales, Professor of Finance, Booth School of Business, The University of Chicago. Their discussion delves into different facets of corporate finance and corporate governance, and the risks that Open AI poses. The key points discussed include the perspective on innovation and regulation, corporate frauds, and the need to create a whistleblower programme. -- Introduction (00:00) What is corporate finance? (02:16) Corporate governance: Open AI management crisis (09:21) Interoperability: How to regulate social media (15:13) Innovation vs Regulation (23:26) Corporate frauds: Need for whistleblowers (28:07) Shortsellers good for capitalism (39:19) Why economists should not try to become politicians (42:38) Ordinary citizens do not want carbon taxes (46:14) Capitalism and free markets need safety nets (51:06) “Too Big To Fail“ and the case of Silicon Valley Bank (54:07) Indo-European Alliance to regulate big tech (01:02:39) #ISB #ArthNiti