Danny and Derek speak with historian Sean Delehanty about the invention of shareholder value and the transformation of the American corporation in the late twentieth century. They discuss postwar conglomerates and corporate social responsibility, the crisis of Fordism, the rise of financial economics, and the theory of the firm. They also look at hostile takeovers, leveraged buyouts, private equity, the collapse of the public corporation, and the bipartisan consolidation of shareholder primacy in the 1990s.

Buy Sean’s book Company Men: The Invention of Shareholder Value and the Splintering of the American Economy.

Canadian Prime Minister Mark Carney made headlines at Davos with a much-noticed speech

where he candidly acknowledged that the US led alliance system created in World War II was

coming to an end. Carney called for middle powers such as Canada and its European allies to

give up the illusion that a US led world is still viable and instead try to create new institutions to

preserve their values and their sovereignty. I talked to Canadian journalist Stephen Maher, who

has written a biography of Carney’s predecessor Justin Trudeau, about the far-reaching

implications of this speech.

Charlotte and Jo spring into the new year with a conversation about ancient poetry: Beowulf, The Iliad, and Dante’s Inferno as translated by Mark Musa, Mary Jo Bang, and Danny Lavery. They’re then joined by the wise and wonderful Hanif Abdurraqib who—after sharing a scoop about what series of book he reads every year (!)—reflects on the formative impacts of his encounter with Gloria Naylor’s The Women of Brewster Place. Other titles discussed: Toni Morrison’s Jazz, Bebe Moore Campbells’ Your Blues Ain’t Like Mine, Lloyd Alexander’s The Chronicles of Prydain.

Hanif Abdurraqib is a writer from the east side of Columbus, Ohio.

Danny Lavery’s translations of The Inferno can be found here.

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Charlotte Shane’s most recent book is An Honest Woman. Her essay newsletter, Meant For You, can be subscribed to or read online for free. Her social media handle is @charoshane.

Jo Livingstone is a writer who teaches at Pratt Institute.

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