Podcasts about american pensions

**Every Tuesday night, we gather online to listen to the episode and discuss it among friends. Everyone is invited to this community building event. Bring your insights and questions. REGISTER HERE for Tuesday, March 25th, 8 pm ET/5 pm PTSteve's guest is Michael McCarthy, author of 'The Master's Tools: How Finance Wrecked Democracy and a Radical Plan to Rebuild It.' They explore McCarthy's analysis of financialization as a deliberate class project to dismantle working-class power and exacerbate inequality.They look at the historical shift from a robust Social Security system to a privatized, financialized pension system as well as the rise of neoliberal policies post-1970s, facilitated by monetary policy changes (anybody remember the gold standard?) The conversation goes into the failure of both traditional and direct democracies to serve the working class.The episode also weaves through MMT perspectives and the impact of government policies. They touch on the potential of public banking and democratizing finance to empower the working class as well as the challenges of implementing these ideas.Michael A. McCarthy is an Associate Professor of Sociology and Director of Community Studies at the University of California, Santa Cruz. His book Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal was awarded the Paul Sweezy Book Award as well as an honorable mention for the Labor and Labor Movements Book Award. His most recent book is The Master's Tools: How Finance Wrecked Democracy (And a Radical Plan to Rebuild It). Mike has written for the Boston Review, The Guardian, Jacobin, Noema, and the Washington Post.@its_mccarthy on X

Our guest for today's podcast is Sona Menon who is a Partner at Cambridge Associates.  Sona serves as an Outsourced Chief Investment Officer and adviser to institutional clients such as pensions, endowments, and healthcare institutions.  She is directly responsible for overseeing over $20 billion in assets.   Cambridge Associates is a global investment firm that focuses on building and managing investment portfolios for institutional clients such as endowments, foundations, pensions, and private clients. They have over $500 billion in assets under management/advisement.   As a woman and minority, Sona is a role model for us all, rising through the ranks at Cambridge Associates over her 20 year career at the storied firm.  What a pleasure it was for me and AAAIM Co-Chair, Brenda Chia, to interview Sona for this podcast.   Without further ado, here is our conversation with Sona Menon.

David, Karen, Bret, and Joe discuss the developing pension crisis within the United States, and what it could possibly mean for you

Joining me for Part 3 of our "Finance for Regular-Ass People" series is Michael McCarthy, assistant professor of sociology at Marquette University. Just what is financialization and how has it altered society and the terrain of socialist struggle? Tune in to find out! Financialization for Regular-Ass People. Mike is the author Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal - http://www.cornellpress.cornell.edu/book/?GCOI=80140100439360 Find his article, "The Monetary Hawks," here: https://www.jacobinmag.com/2016/08/paul-volcker-ronald-reagan-fed-shock-inflation-unions ***Join the Dead Pundits Society today for access to our entire catalog of B-Sides, featuring additonal interviews with our amazing cast of guest: www.patreon.com/deadpundits*** ----------------------------- iTunes: https://itunes.apple.com/us/podcast/id1212081214 Twitter: @deadpundits Facebook: www.facebook.com/deadpunditssociety Patreon: www.patreon.com/deadpundits

Joining us this week to talk about the decline of pensions and our social safety net is Michael McCarthy, assistant professor of sociology at Marquette University. We discuss a recent study that found a large number of millennials are relying on socialism for their retirement needs. We then move on to a discussion about the history of pensions covered in Michael's book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal: http://www.cornellpress.cornell.edu/book/?GCOI=80140100439360. Find some of Michael's writings here: -"Worked to Death," https://www.jacobinmag.com/2017/04/retirement-social-security-pensions-welfare-state-workers -Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (2017): https://www.amazon.com/Dismantling-Solidarity-Capitalist-Politics-American/dp/1501713175 ------------------------------------------- Patreon: www.patreon.com/deadpundits Soundcloud: www.soundcloud.com/deadpundits iTunes: https://itunes.apple.com/us/podcast/id1212081214 Twitter: @deadpundits Facebook: www.facebook.com/deadpunditssociety

Over half of Americans approaching retirement age report having no money saved for retirement, but how did we get here as a nation? In his book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (ILR/Cornell University Press, 2017) Dr. Michael A. McCarthy takes the reader through the historical background of the U.S. pension system. He breaks down the development of the current system into three parts: the spread of employer based private pensions, the financialization and investment of pension funds into the stock market, and the replacement of traditional pension plans with 401(k) retirement plans. McCarthy argues that pensions have moved from being solidaristic, or relying on social systems, to increasingly being tied to risky capitalist markets. Using a rich set of historical archives, he explains how changes in the pension system usually came about in response to economic pressures, for example the end of World War II. By providing examples throughout the book, he delves deeper into how the current pension system developed within a capitalist context, noting how many of the changes to the system were unintentional or secondary to other factors at hand. One of the key pieces of the book that makes this a clear example of Sociology is the important attention McCarthy pays to the fact that the pension system has become a system of social stratification, meaning those who need pensions the most are the least likely to have them. This book would be good for a variety of audiences including sociologists broadly, policy makers, historians, and political scientists. By providing a historical frame to the current U.S. pension system, McCarthy helps the reader understand how we got here and where we might be headed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over half of Americans approaching retirement age report having no money saved for retirement, but how did we get here as a nation? In his book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (ILR/Cornell University Press, 2017) Dr. Michael A. McCarthy takes the reader through the historical background of the U.S. pension system. He breaks down the development of the current system into three parts: the spread of employer based private pensions, the financialization and investment of pension funds into the stock market, and the replacement of traditional pension plans with 401(k) retirement plans. McCarthy argues that pensions have moved from being solidaristic, or relying on social systems, to increasingly being tied to risky capitalist markets. Using a rich set of historical archives, he explains how changes in the pension system usually came about in response to economic pressures, for example the end of World War II. By providing examples throughout the book, he delves deeper into how the current pension system developed within a capitalist context, noting how many of the changes to the system were unintentional or secondary to other factors at hand. One of the key pieces of the book that makes this a clear example of Sociology is the important attention McCarthy pays to the fact that the pension system has become a system of social stratification, meaning those who need pensions the most are the least likely to have them. This book would be good for a variety of audiences including sociologists broadly, policy makers, historians, and political scientists. By providing a historical frame to the current U.S. pension system, McCarthy helps the reader understand how we got here and where we might be headed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over half of Americans approaching retirement age report having no money saved for retirement, but how did we get here as a nation? In his book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (ILR/Cornell University Press, 2017) Dr. Michael A. McCarthy takes the reader through the historical background of the U.S. pension system. He breaks down the development of the current system into three parts: the spread of employer based private pensions, the financialization and investment of pension funds into the stock market, and the replacement of traditional pension plans with 401(k) retirement plans. McCarthy argues that pensions have moved from being solidaristic, or relying on social systems, to increasingly being tied to risky capitalist markets. Using a rich set of historical archives, he explains how changes in the pension system usually came about in response to economic pressures, for example the end of World War II. By providing examples throughout the book, he delves deeper into how the current pension system developed within a capitalist context, noting how many of the changes to the system were unintentional or secondary to other factors at hand. One of the key pieces of the book that makes this a clear example of Sociology is the important attention McCarthy pays to the fact that the pension system has become a system of social stratification, meaning those who need pensions the most are the least likely to have them. This book would be good for a variety of audiences including sociologists broadly, policy makers, historians, and political scientists. By providing a historical frame to the current U.S. pension system, McCarthy helps the reader understand how we got here and where we might be headed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over half of Americans approaching retirement age report having no money saved for retirement, but how did we get here as a nation? In his book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (ILR/Cornell University Press, 2017) Dr. Michael A. McCarthy takes the reader through the historical background of the U.S. pension system. He breaks down the development of the current system into three parts: the spread of employer based private pensions, the financialization and investment of pension funds into the stock market, and the replacement of traditional pension plans with 401(k) retirement plans. McCarthy argues that pensions have moved from being solidaristic, or relying on social systems, to increasingly being tied to risky capitalist markets. Using a rich set of historical archives, he explains how changes in the pension system usually came about in response to economic pressures, for example the end of World War II. By providing examples throughout the book, he delves deeper into how the current pension system developed within a capitalist context, noting how many of the changes to the system were unintentional or secondary to other factors at hand. One of the key pieces of the book that makes this a clear example of Sociology is the important attention McCarthy pays to the fact that the pension system has become a system of social stratification, meaning those who need pensions the most are the least likely to have them. This book would be good for a variety of audiences including sociologists broadly, policy makers, historians, and political scientists. By providing a historical frame to the current U.S. pension system, McCarthy helps the reader understand how we got here and where we might be headed. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over half of Americans approaching retirement age report having no money saved for retirement, but how did we get here as a nation? In his book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (ILR/Cornell University Press, 2017) Dr. Michael A. McCarthy takes the reader through the... Learn more about your ad choices. Visit megaphone.fm/adchoices

Over half of Americans approaching retirement age report having no money saved for retirement, but how did we get here as a nation? In his book, Dismantling Solidarity: Capitalist Politics and American Pensions since the New Deal (ILR/Cornell University Press, 2017) Dr. Michael A. McCarthy takes the reader through the historical background of the U.S. pension system. He breaks down the development of the current system into three parts: the spread of employer based private pensions, the financialization and investment of pension funds into the stock market, and the replacement of traditional pension plans with 401(k) retirement plans. McCarthy argues that pensions have moved from being solidaristic, or relying on social systems, to increasingly being tied to risky capitalist markets. Using a rich set of historical archives, he explains how changes in the pension system usually came about in response to economic pressures, for example the end of World War II. By providing examples throughout the book, he delves deeper into how the current pension system developed within a capitalist context, noting how many of the changes to the system were unintentional or secondary to other factors at hand. One of the key pieces of the book that makes this a clear example of Sociology is the important attention McCarthy pays to the fact that the pension system has become a system of social stratification, meaning those who need pensions the most are the least likely to have them. This book would be good for a variety of audiences including sociologists broadly, policy makers, historians, and political scientists. By providing a historical frame to the current U.S. pension system, McCarthy helps the reader understand how we got here and where we might be headed. Learn more about your ad choices. Visit megaphone.fm/adchoices