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Danny and Derek speak with economist Christopher Hartwell about how wealthy elites who strike bargains with authoritarians often come to regret it. They discuss oligarchs in post-Soviet Russia, authoritarian state capitalism, Hungary’s break from Orbán, Trump courting tech billionaires, asset-price inflation and financialization, and the durability of state capitalism in China.
Read Christopher’s piece for Foreign Affairs, co-written with Tricia Olsen: “The Disposable Oligarchs.” Learn more about your ad choices. Visit megaphone.fm/adchoices
