Factually! with Adam Conover   /     How Bankruptcy Shields Capitalists from Consequences with Melissa Jacoby

Summary

Bankruptcy can mean totally different things depending on your wealth. For the rich, it’s a shield; for the poor, it’s a punishment. Despite this debilitating divide, in a country where we need to take on debt for homes, transportation, and medical care, we still rely on the bankruptcy system to keep the economy from collapsing. This week, Adam sits with Melissa Jacoby, a law professor at UNC Chapel Hill and author of Unjust Debts: How Our Bankruptcy System Makes America More Unequal. Together they discuss how a system designed as an economic safeguard has turned into a major divider of wealth in America

Subtitle
Duration
01:11:45
Publishing date
2024-07-24 07:05
Contributors
Enclosures
https://s.gum.fm/s-641374f4add021d015aead84/prfx.byspotify.com/e/chtbl.com/track/89ED1D/rss.art19.com/episodes/ba5e0014-e6f6-427f-b6c6-9bfd493c241e.mp3?rss_browser=BAhJIgxNb3ppbGxhBjoGRVQ%3D--4f04cd103bfdd3e94cbbb356ead53321a4d63e94
audio/mpeg

Shownotes

Bankruptcy can mean totally different things depending on your wealth. For the rich, it’s a shield; for the poor, it’s a punishment. Despite this debilitating divide, in a country where we need to take on debt for homes, transportation, and medical care, we still rely on the bankruptcy system to keep the economy from collapsing. This week, Adam sits with Melissa Jacoby, a law professor at UNC Chapel Hill and author of Unjust Debts: How Our Bankruptcy System Makes America More Unequal. Together they discuss how a system designed as an economic safeguard has turned into a major divider of wealth in America. Find Melissa's book at factuallypod.com/books

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