Bhaskar Sunkara Thinks the Market Has a Place Under Socialism

00:00:02 Speaker 1: Bloomberg Audio Studios. 00:00:04 Speaker 2: Podcasts. Radio. News. 00:00:18 Speaker 3: Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. 00:00:23 Speaker 1: And I'm Tracy Allaway. 00:00:25 Speaker 3: Tracy, I have a. 00:00:25 Speaker 2: Question for you. 00:00:26 Speaker 3: Do you ever get angry tweets from people? I mean, I know you get angry. We all do get angry tweets from people. Do you ever get angry tweets from people who say that Zoran is our fault? 00:00:38 Speaker 2: Oh, yes. I do too. Yes. 00:00:40 Speaker 4: So for those who don't know, Zoran Mamdani came on before he became mayor of New York when he was campaigning. 00:00:46 Speaker 3: He was at like 5% in the polls. 00:00:48 Speaker 2: Yeah. 00:00:48 Speaker 4: And then within a week or two of his all thoughts appearance, he started gaining some real momentum. 00:00:55 Speaker 3: I regularly get these tweets, usually from people who are very, do not like the fellow, who are like, oh yeah, you platformed Zoran and now he's our mayor, et cetera. But that's not really the point. The point is, that obviously in New York and across the country in various primaries and in the public's imagination, socialism is on the rise. There's a big fight about the future of the Democratic Party about the degree to which DSA or socialism in general will be the direction of the party going forward. I don't know what that means, but no one knows what that means exactly. 00:01:32 Speaker 4: DSA, definitely a hot buzzword at the moment. And you see lots of people talking about various flavors of socialism. Or actually, I should say, what tends to happen is DSA gets thrown around quite a lot. And then you discover once you start digging into it that actually there are different flavors. 00:01:50 Speaker 1: Within the party. 00:01:51 Speaker 4: And those don't necessarily get discussed as much as they should. 00:01:55 Speaker 3: You know, I was in Greece during the 2012 election. 00:01:57 Speaker 2: Mm-hmm. 00:01:59 Speaker 3: And one of the things is that in the main square in the center of Athens, every party that's running gets a tent where they hand out flyers and also like sometimes like beer or water bottles, etc. And then there was the main parties and then there are these small parties. 00:02:12 Speaker 1: Do some of them have bigger tents than others? 00:02:14 Speaker 2: They do. 00:02:14 Speaker 1: That was a joke. 00:02:15 Speaker 3: Yeah, but it's true. But also, you know, so like the main when I was there in 2012, Syriza, the main socialist party or the left party, they had a tent and then there was a communist tent. And then there were two other communist tents. And they're both right across the street from each other. They …