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Can the economy work without government intervention? When is it useful? Why should citizens choose between efficiency and fairness? In the new episode of "Economic Sense", Oleg Itskhoki and host Margarita Lyutova discuss what government regulation of the economy could be like. Buy nice merch Russia, Belarus, Armenia, Kazakhstan - https://merchmag.ru/tbs/ USA and Europe (alas, without cuckoo) - https://antidot-2.creator-spring.com/ Merch in Vilnius - https://www.instagram.com/notonly_cof... TBS Radio iOS https://apps.apple.com/lt/app/antidot... Android https://play.google.com/store/apps/de... Website https://radio.breakfast.show Permanent support of the channel by subscribing to Patreon (from $3/month) - / plushev Permanent support by subscribing to Boosty (from 400 rubles/month) - https://boosty.to/plushev One-time support of the channel with a hard-earned ruble - https://new.donatepay.ru/@573440?goal=BS Not a hard-earned ruble! - https://donate.plushev.com 00:00 Beginning, introduction 01:46 A strong state and its goals. Is state intervention necessary? 14:19 On corruption and state efficiency 22:22 Competition between the state and the private sector. Natural monopolies 34:48 Higher education: private or public? 37:32 When is it useful to reduce the role of the state: the example of China 41:28 Redistribution and principles of trade: complex issues 50:06 On the role of elections in the welfare of citizens #itskhoki #lyutova #economy #state