Noah Smith

speaker

437 appearances 1 recordings 1 series first heard Jul 2026 last heard 24 Jul

Noah Smith’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Prof G Markets · America’s Economy Is Entering a New Era — ft. Noah Smith · 24 Jul 2026 podcast

And they don't necessarily see, and then they hear, oh, all these stories about how fabulously rich the people who own these companies are getting.

That's the way in which I believe wealth inequality comes home to real people.

That's what we need to address.

The idea of can the rich guys continue to do things that make them get richer while other people struggle?

And I think we need to attack that from two sides.

Number one, we need to make sure that normal people don't struggle.

Okay, if people can make their, if people have less credit card debt and if people have more wealth in their houses, which is where normal people have their wealth, by the way.

Normal people have their wealth in the real estate market, not in stocks.

But if people, but also we can give people wealth in terms of like a sovereign wealth fund, what Alaska does with the permanent fund.

But the other thing we need to do is to make sure people know that these rich guys are ultimately under the control of the people through the government.

that the government, although the government doesn't necessarily tell you what to do with all your businesses, central planning, at some sense, these big corporations are serving the interests of the nation.

And I think that during World War II and the early Cold War, people had a very strong sense that big companies like Ford, U.S.

Steel, Alcoa, GM, and Boeing and all these companies were serving America.

These were American companies working for America and working for the people of America through the nation state.

We need to reestablish that.

So Sam Altman floated the idea of a government stake in OpenAI.

He's right.

And that's how this has to happen.

And so sovereign wealth fund is really the best policy we can do to do all of this.

So sovereign wealth fund says, so Alaska has the Alaska Permanent Fund.

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