Columbia University Law Professor Zohar Goshen joins to discuss his provocative new theory about the root causes of American income inequality. His upcoming publication (co-authored with Prof. Doron Levit) goes beyond the traditional explanations — globalization, automation, taxation — and pushes against a few of Wall Street’s sacred bulls. He also puts forth a pretty nifty solution — one that will never, ever happen, of course.

Find us on Apple Podcasts, Spotify, Podcast Addict, and Stitcher. Follow @UncertainPod on your social media of choice.

On the agenda:

* Corporate Governance 101 [6:29]

* Born in the 80s: shareholder primacy and income inequality [13:25]

* The conventional inequality explanations [19:10]

* What went wrong: the pension problem [27:56]

* Strong governance is good [37:25]

* Strong governance is bad (the Steve Jobs story) [39:38]

* The consequences: Capital gains, workers' loss [46:25]

* Why changing corporations won't work [1:01:01]

* The big break up we need - and is never gonna happen [1:07:42]

* The 2008 financial crisis vs today's [1:16:03]

* On ESG - Let's rethink that G [1:25:50]

Get full access to Uncertain Things at uncertain.substack.com/subscribe