Economic system based on private ownership
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Once upon a time...right-wing conspiracy theorists warned us about a coming police-state ran by the global elites. They were right... But...ironically, now they're cheering on that same police state. How is this possible??? Branding.We will be slowly rolling out a series of episodes on the subject of revolution and how we can actually make it happen. But first we need to lay out the basic contextual framework of how we got here and why revolution is absolutely necessary for our survival.To help us do this, we're bringing in the professionals. www.instagram.com/dr.williamrobinsonofficialWilliam I. Robinson is an American sociologist and professor at the University of California, Santa Barbara, specializing in political economy, globalization, and social theory. He's widely recognized for his work on global capitalism and transnational class formation.In the 1980s, Robinson worked directly with the Sandinista National Liberation Front (FSLN) in Nicaragua during the revolutionary period after they overthrew the Somoza dictatorship in 1979. He was involved in political education, journalism, and solidarity work, helping to support and defend the Sandinista revolution both inside Nicaragua and internationally. His experiences during that time deeply shaped his later academic work on imperialism, social movements, and the global capitalist system.Robinson remains an outspoken advocate for anti-imperialist movements and often draws on his Sandinista-era experiences in his critiques of U.S. foreign policy and neoliberalism.List of William I. Robinson's books:https://www.plutobooks.com/author/william-i-robinson/https://www.thriftbooks.com/a/william-i-robinson/343812/?srsltid=AfmBOooh12-4XUQXtI7tBsRYTctS9tGv6XX5HuaaPJ-nqWoIWzey07VThttps://pmpress.org/index.php?l=product_detail&p=1264https://www.goodreads.com/author/show/110422.William_I_RobinsonDavid and Goliath: The U.S. War Against Nicaragua (1987)A Faustian Bargain: U.S. Intervention in the Nicaraguan Elections and American Foreign Policy in the Post-Cold War Era (1992)Promoting Polyarchy: Globalization, U.S. Intervention, and Hegemony (1996)Globalization and Postmodern Politics: From Zapatistas to High-Tech Robber Barons (2001)Transnational Conflicts: Central America, Social Change, and Globalization (2003)A Theory of Global Capitalism: Production, Class, and State in a Transnational World (2004)Critical Globalization Studies (2005) (editor)Latin America and Global Capitalism: A Critical Globalization Perspective (2008)Global Capitalism and the Crisis of Humanity (2014)We Will Not Be Silenced: The Academic Repression of Israel's Critics (2017) (co-editor)Into the Tempest: Essays on the New Global Capitalism (2018)The Global Police State (2020)Global Civil War: Capitalism Post-Pandemic (2022)Can Global Capitalism Endure? (2022)#police #politics #capitalism #blackrock #iran #elonmusk #trump #israel #saudiarabia #uae
We are thrilled to share the replay of Democracy at Work and The Left Forum's special live, in-person Global Capitalism event, held last Wednesday at Women Building Up (WBU). Professor Wolff gave a special "May Day" Global Capitalism Lecture on the impact of President Trump's economic policies and how they are ultimately an attack on working people We would like to thank Susan Shah, Kim Westcott and all the remarkable people at Women Building Up for hosting Democracy At Work and The Left Forum. Presented by Democracy at Work and the Left Forum Presented by Democracy at Work and the Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
Ira and Rudy sit down with Sam Gindin to discuss the evolving nature of global capitalism through the lens of U.S. hegemony, neoliberalism, and emerging geopolitical shifts. We begin by analyzing Gindin's The Making of Global Capitalism, examining how the U.S.-led global order was constructed and whether it's synonymous with neoliberalism. From there, we delve into current trends—protectionism, supply chain reshoring, and regionalization—to ask whether these signal a break from neoliberal norms or a transformation into something new. We also assess the stability of U.S. dominance in a world where multipolarity is rising, before bringing the conversation home: how these global dynamics impact domestic labor and the potential for cross-border solidarity among labor and socialist movements.
Professor Wolff will present four key points that reveal the emergence of a new Cold War the U.S. has embarked upon in response to the rise of global alliances from which it is being excluded and that challenge the near century-old American economic dominance. I. The Old Cold War Targeted Communism in the West and the USSR as its Source II. The New Cold War Targets China and the BRICS III. Trump/Musk Target the US Working Class and its Allies IV. Europe's Decline Deepens Presented by Democracy at Work and the Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
How global capitalism intersects with inter-state relations? How are forces of private equity and transnational capital shaping the domestic and foreign policies that governments design to fulfill capital accumulation and geopolitical interests - often at the expense of human and environmental rights and dignity? An interview with Dr. William T. Armaline, Professor of Sociology and Human Rights at the San José State University and co-author of the new book Human Rights Praxis and the Struggle for Survival with Davita Silfen Glasberg. Join us in this exploration and subscribe to our podcast newsletter community here. Listen to related episodes: Ep. 36 Dr. Roudabeh Kishi on Mapping Political Violence Ep. 86 Chloé Meulewaeter on Global Military Spending & Demilitarization Efforts Ep. 91 Dr. Paul Slovic & Dr. Scott Slovic on the Science Behind the Limits of Compassion Ep. 151 Dr. Luke Moffett on Reparations in Post-Conflict Societies Ep. 180 Dr. L. Ayu Saraswati on Pain, Power and Transnational Feminism Recommended links to this episode: Dr. William T. Armaline SJSU Profile Human Rights Praxis and the Struggle for Survival by William T. Armaline and Davita Silfen Glasberg What Will States Really Do For Us? The Human Rights Enterprise and Pressure from Below by William T. Armaline and Davita Silfen Glasberg Cannibal Capitalism:How our System is Devouring Democracy, Care, and the Planet – and What We Can Do About It, by Nancy Fraser Can Global Capitalism Endure?, William I. Robinson
We are thrilled to share the replay of Democracy at Work and The Left Forum's special live, in-person Global Capitalism event, held this past Saturday at Women Building Up (WBU). Professor Wolff gave his thoughts and analysis on what the new Trump Presidency means and how we may react. Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
U.S. capitalism vs Chinese capitalism: What do we need to understand? . . . Economic and geopolitical competition between China and the US and other Western powers is important and is only going to become more intense in the years ahead. What do leftists most need to understand about China, and how should we orient to the rivalry between the world's most powerful capitalist societies? An interview with Eli Friedman, one of the co-authors of China in Global Capitalism. . . Recommended reading: . China in Global Capitalism https://www.haymarketbooks.org/books/2228-china-in-global-capitalism
At the end of the Second World War, European capitalism had been comprehensively devastated by the conflict and America seized an opportunity to rebuild the world economic order in its interests and that of the wider international capitalist class. In today's podcast we explore The Making of Global Capitalism by Leo Panitch and Sam Gindin.Help the podcast to continue bringing you history each weekIf you enjoy the Explaining History podcast and its many years of content and would like to help the show continue, please consider supporting it in the following ways:If you want to go ad-free, you can take out a membership hereOrYou can support the podcast via Patreon hereOr you can just say some nice things about it here Become a member at https://plus.acast.com/s/explaininghistory. Hosted on Acast. See acast.com/privacy for more information.
Featuring Patrick Blanchfield on assassination and political violence: from the routine to the extraordinary; authored by the state, capital, the left, the right, the unwell and alienated; as an anxiety, in our fantasies, as a morbid symptom and repetition compulsion; and as expressing distinctively American logics of domination and human disposability. Support The Dig at Patreon.com/TheDig Listen to the Ordinary Unhappiness podcast at ordinaryunhappiness.buzzsprout.com/ Read Patrick's essay on the death drive late-light.com/issues/issue-1/death-drive-nation Buy China in Global Capitalism at haymarketbooks.com Use code “DIG” for 30% off a subscription to The-Syllabus.com The Dig, hosted by Daniel Denvir, is a weekly interview podcast going deep into politics everywhere, from labor struggles and political-economy to imperialism and immigration.
Featuring Patrick Blanchfield on assassination and political violence: from the routine to the extraordinary; authored by the state, capital, the left, the right, the unwell and alienated; as an anxiety, in our fantasies, as a morbid symptom and repetition compulsion; and as expressing distinctively American logics of domination and human disposability. Support The Dig at Patreon.com/TheDig Listen to the Ordinary Unhappiness podcast at ordinaryunhappiness.buzzsprout.com/ Read Patrick's essay on the death drive late-light.com/issues/issue-1/death-drive-nation Buy China in Global Capitalism at Haymarketbooks.com Use code "DIG" for 30% off a subscription to The-Syllabus.com
This episode explores the economic implications of Trump's re-election, France's political deadlock under Macron, and the future of global capitalism. Jean-Baptiste Wautier, a private equity investor and World Economic Forum speaker, shares insights on trade wars and deficits. He argues that short-term profit motives undermine the global capitalist system. Jean-Baptiste also discusses AI's transformative potential. Please note this episode was recorded on 11 December 2024, before French President Macron appointed François Bayrou as the new PM. If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com.Timestamps for EP266Introduction (0:00)Economic Implications of Trump's Re-Election (2:55)Potential Global Trade War (5:50)Global Trade and Economic Interdependence (8:29)Challenges Facing France and the Fifth Republic (13:55)Risks to the Eurozone (20:07)Flaws in Global Capitalism and Potential Solutions (27:34)Examples of Enlightened Capitalism (33:01)The Impact of Artificial Intelligence on Jobs (39:59)Final Thoughts and Future Directions (44:50)TakeawaysTrump's Second Term Risks: His proposed tax cuts and tariffs could reignite inflation and exacerbate the US federal deficit, leading to global economic consequences.France's Political Instability: Macron's government faces gridlock, which could potentially destabilize the Eurozone due to France's growing budget deficit and political deadlock.Global Trade War Unlikely: Despite harsh rhetoric, economic interdependence makes a full-scale global trade war improbable, in Jean-Baptiste's view.Capitalism's Short-Term Focus: Jean-Baptiste argues the current capitalist model prioritizes short-term profits over long-term sustainability, causing inefficiencies and negative externalities like mental health crises and economic inequality.The Role of AI: AI is transforming industries at an unprecedented speed, raising concerns about job displacement and the need for economic adjustments, possibly extending to UBI (Universal Basic Income), depending on the scale of the displacement.Links relevant to the conversationJean-Baptiste Wautier's website:https://wautier.co.uk/EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?https://apnews.com/article/russia-ukraine-war-natural-gas-f9f00df7195d01404f8cb2a43152a8b1Lumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com.
In this episode I link up with my new buddy from a recent Doomer Optimism event in Margaretville NY, Travis Logan. Travis brought an essay to my attention, Techne-Zen and the Spiritual Quality of Global Capitalism, by Yale professor R. John Williams. We decided to call John up to see if he would discuss his work, and where he lands with trying to navigate technology, spirituality and religion. One of my (Ashley's) favorite conversations yet!! Discussing: https://rjohnwilliams.wordpress.com/wp-content/uploads/2010/05/williams-techne-zen-and-capitalism.pdf&sa=D&source=calendar&ust=1731775211585824&usg=AOvVaw1ZTYOktfC-mKHhdUCdnVma Bios and links R John Williams is Associate Professor of English and Film Studies at Yale (https://filmstudies.yale.edu/people/r-john-williams) Travis Logan reviews books on Substack: https://postliberalbookreviews.substack.com/
The U.S. Election and Trump 2.0 in Historical Perspective Topics Include: The overdetermination of the vote The new government Persistent problems of a declining empire Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
In this episode of "Think Smart with TMFG," hosts Rob McClelland and Mike Connon of Assante Capital Management delve into the enduring vitality of capitalism worldwide. Despite global challenges, capitalism is thriving, as demonstrated by Rob's recent travels to Vietnam, Thailand, and Singapore. He shares his firsthand observations of bustling economies, low crime rates, and the flourishing tourism sector. Rob discusses the impact of the recent US election on markets and highlights the adaptability and resilience of businesses in the face of adversity. With a focus on the Southeast Asian experience, he contrasts the vibrant street food culture and affordable dining options with North America's expensive dining scene. He also explores the efficiency of public transportation and airline services in the region compared to North American standards. The episode concludes with reflections on global governance, public sentiment towards governments, and the stringent penalties in place that contribute to low crime rates. Tune in for an insightful discussion on global capitalism's strength and the lessons it holds for everyday Canadians.
This is part two of our conversation with Jason W. Moore, a historical geographer at Binghamton University. In this discussion we delve into the concept of "substance fetishism" within Marxian social theory, the dangers it poses, and its implications for understanding the web of life. Part 1: Against Climate Doomism and the Bourgeois Character of American Environmentalism Moore raises concerns about the misguided focus on substance fetishism, which prioritizes the management of substances over the revolutionizing of labor relations. The conversation also touches on the historical and contemporary implications of this perspective, including its impact on understanding energy histories, class formation, and imperialism. He critiques the narrow focus of some environmental and Marxist scholars, advocating for a more integrated approach that considers the socioecological dynamics of labor and class struggle. We also discuss the role of intellectuals and the limitations of academic discourse in addressing these antagonismss. Our conversation concludes with reflections on the potential for revolutionary change and the importance of historical materialism in understanding and addressing the current ecological and social crises. Special Co-host Casey is a historian and organizer based in New York and Chicago. He is focused on the politics, economy, and connected histories in South Asia and the Middle East, specifically the Arab Gulf. His work focuses on questions of development, ecology, and political resistance, as well as connecting global-scale events to local diaspora communities within the US. As always, If you like what we do and want to support our ability to have more conversations like this. Please consider becoming a patron. You can do so for as little as 1 Dollar a month. We bring you these conversations totally independently with no corporate, state, or grant funding. This episode is edited & produced by Aidan Elias. Music, as always, is by Televangel Links: Global Capitalism in the Great Implosion: From Planetary Superexploitation to Planetary Socialism? How to Read Capitalism in the Web of Life Opiates of the Environmentalists Power, Profit, & Promethianism, Part 1 Power, Profit, & Promethianism, Part 2 The Fear and the Fix
Harbinger Showcase is a weekly podcast featuring highlights from Canada's #1 coast-to-coast community of politically and socially progressive podcasts.On this week's episode we investigate the role Big Tech plays in Israel's genocidal war on Gaza on PALESTINE DEBRIEF, dive into the history of prairie brute Scott Moe on UNMAKING SASKATCHEWAN, explain how the most powerful country in the world came to the apocalyptic crossroads of 2024 election on VICTOR'S CHILDREN and ask what horror tell us about our fears and anxieties under capitalism in a conversation exploring David McNally's 2011 Haymarket Books release ‘Monsters of the Market: Zombies, Vampires and Global Capitalism' on ALBERTA ADVANTAGE.The Harbinger Media Network includes 77 podcasts focusing on social, economic and environmental justice and featuring journalists, academics and activists on shows like The Breach Show, Tech Won't Save Us, Press Progress Sources & more.Harbinger Showcase is syndicated for community and campus radio and heard every week on CKUT 90.3FM in Montreal, at CFUV 101.9FM in Victoria, on CJUM 101.5FM and CKUW 95.9FM in Winnipeg, at CiTR 101.9FM and CFRO 100.5FM in Vancouver, at CJTM in Toronto and at CJBU 107.3FM in Sydney, Nova Scotia.Financial support on this episode is courtesy of THE ALBERTA ADVANTAGE. Find out more about Calgary's #1 podcast albertaadvantagepod.com.Find out more about the network, subscribe to the weekly newsletter and support our work at harbingermedianetwork.com.
Harbinger Showcase is a weekly podcast featuring highlights from Canada's #1 coast-to-coast community of politically and socially progressive podcasts.On this week's episode we investigate the role Big Tech plays in Israel's genocidal war on Gaza on PALESTINE DEBRIEF, dive into the history of prairie brute Scott Moe on UNMAKING SASKATCHEWAN, explain how the most powerful country in the world came to the apocalyptic crossroads of 2024 election on VICTOR'S CHILDREN and ask what horror tell us about our fears and anxieties under capitalism in a conversation exploring David McNally's 2011 Haymarket Books release ‘Monsters of the Market: Zombies, Vampires and Global Capitalism' on ALBERTA ADVANTAGE.The Harbinger Media Network includes 77 podcasts focusing on social, economic and environmental justice and featuring journalists, academics and activists on shows like The Breach Show, Tech Won't Save Us, Press Progress Sources & more.Harbinger Showcase is syndicated for community and campus radio and heard every week on CKUT 90.3FM in Montreal, at CFUV 101.9FM in Victoria, on CJUM 101.5FM and CKUW 95.9FM in Winnipeg, at CiTR 101.9FM and CFRO 100.5FM in Vancouver, at CJTM in Toronto and at CJBU 107.3FM in Sydney, Nova Scotia.Financial support on this episode is courtesy of THE ALBERTA ADVANTAGE. Find out more about Calgary's #1 podcast albertaadvantagepod.com.Find out more about the network, subscribe to the weekly newsletter and support our work at harbingermedianetwork.com.
Two Heads: Brand Marketing & Strategic Coaching for Today's Marketplace
We're exploring the connection between consumer sentiment and market performance. Consumer confidence can significantly influence a business's performance, and understanding this relationship can help you make smarter, more strategic decisions. Book mentioned in this episode: Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism by George Akerlof and Robert Shiller
West in Turmoil 2024: Big Elections, Big Social Changes Topics Include: Harris vs Trump: civil and class struggles converge Western Europe: UK elections = collapse of conservative votes, French elections = death of political center Germany elections = rise of fascist Right and of “Bundnis Sahra Wagenknecht” Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
Patreon: https://bit.ly/3v8OhY7 Richard Wolff is Professor Emeritus of Economics at the University of Massachusetts Amherst and a visiting professor at The New School, where he works on economics in the Marxist tradition. This is Richard's fourth appearance on Robinson's Podcast. In episode #127, he and Robinson discussed some of the most profound criticisms of capitalism; in #154, they focused on the myths surrounding Marxism and Marx himself; and in #190 they covered the Israel-Palestine conflict from a Marxist perspective. In this wide-ranging episode, Richard and Robinson talk about the end of the American empire. More particularly they discuss the wars in Russia, Ukraine, Israel, and Palestine, the rivalry between China and the United States, the global interplay between capitalism and socialism, the distinction between socialism and communism, the conflict between the BRICS and G7 nations, and more. Richard's latest book is Understanding Capitalism (Democracy at Work, 2024). Understanding Capitalism (Book): https://www.democracyatwork.info/understanding_capitalism Class Theory and History (Book): https://a.co/d/ht4trZN Understanding the 2024 Elections (Article): https://asiatimes.com/2024/08/capitalism-mass-anger-and-2024-elections/ Richard's Website: https://www.rdwolff.com Economic Update: https://www.democracyatwork.info/economicupdate OUTLINE 03:10 On the Trauma of His Family Background 10:50 Academia's War on Marxism 22:45 Economics as the Secret Undercurrent of History 28:01 Will Ukraine Defeat Russia? 31:52 Is China the Empire of the New World? 39:04 The Best American Strategy Against China 45:24 How Trump Won and Lost America 56:22 Is Israel a Colonialist State? 01:03:23 On the Expulsion of the Palestinians from Israel 01:10:49 Israel as America's Economic Baby 01:18:08 Global Capitalism as the Enemy of the Islamic World 01:23:00 Why You Should Distrust Wartime Propaganda 01:33:03 Zelensky and the Ukrainian Chess Match 01:42:53 The Economic Conspiracy Behind the American Pick-Up Truck 01:49:31 Israel, Ukraine, and the New Cold War 01:54:20 The Many Taboos of Socialism and Communism 01:58:54 The War Between Socialism and Capitalism 02:07:51 Is Socialism More Efficient than Capitalism? 02:16:58 World War I and the Rise of Socialism 02:22:58 The Failed American Attempt to Destroy Russian Communism 02:27:26 Why Did Russia Choose Communism over Socialism? 02:38:06 Communism, Socialism, and the War for the Workplace 02:43:00 Is China Secretly Capitalist? 02:53:18 America's Choice Between Equality or Subservience to China 02:58:45 Europe's Hidden Economic Apocalypse Robinson's Website: http://robinsonerhardt.com Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University. Join him in conversations with philosophers, scientists, historians, economists, and everyone in-between. --- Support this podcast: https://podcasters.spotify.com/pod/show/robinson-erhardt/support
Dan just did a live Dig in London with Jeremy Corbyn and Laleh Khalili. It was part of a podcast doubleheader that included this recording of the economics podcast Macrodose featuring Asad Rehman, James Meadway, and Thea Riofrancos. The live Dig with Corbyn and Khalili on internationalist and anti-imperialist politics will be posted in a few days. Subscribe to Macrodose at linktr.ee/macrodosepodcast or wherever you get podcasts Support Macrodose at patreon.com/Macrodose The Socialism Conference will be held in Chicago from Aug 30 - Sept 2. Learn more and register at socialismconference.org
Dan just did a live Dig in London with Jeremy Corbyn and Laleh Khalili. It was part of a podcast doubleheader that included this live episode of the economics podcast Macrodose featuring Asad Rehman, James Meadway, and Thea Riofrancos. The live Dig with Corbyn and Khalili on internationalist and anti-imperialist politics will be posted in a few days.Subscribe to Macrodose at linktr.ee/macrodosepodcast or wherever you get podcasts Support Macrodose at patreon.com/MacrodoseThe Socialism Conference will be held in Chicago from Aug 30 - Sept 2. Learn more and register at socialismconference.org Hosted on Acast. See acast.com/privacy for more information.
This week we are very excited to bring you a recording of the live event we hosted with the Verso and Dig podcasts last Friday at the Union Chapel in Islington. The Union Chapel is the most beautiful venue and it was a joy to share the evening with so many of you. Thank you to Dalia Gebrial who chaired the event and our panelists James Meadway, Thea Riofrancos and Asad Rehman. A massive thank you to all of our existing Patreon subscribers, your support keeps the show running and we are very grateful. If you have the means and enjoy our work, head over to patreon.com/Macrodose and subscribe today. Find our socials, newsletter , merch and more here: linktr.ee/macrodosepodcast We want to hear from you! Leave a comment or get in touch at macrodose@planetbproductions.co.uk For more about the work we do at Planet B Productions, go to planetbproductions.co.uk
Johan Norberg is a senior fellow at the Cato Institute and a writer who focuses on globalization, human progress and intellectual history. He is the author of In Defense of Global Capitalism, Progress: Ten Reasons to Look Forward to the Future, and The Capitalist Manifesto: Why the Global Free Market Will Save the World.Topics we discuss are well captured by the timestamps below. I hope you enjoy this episode as much as I enjoyed recording it!Watch on YouTube or X. Listen on Apple Podcasts, Spotify, or any other podcast platform. Follow me on X for updates on future episodes.Click here to support my work. You can also send me bitcoin to this address.Timestamps0:50 - How Johan changed his mind about human progress3:50 - Pro-human flourishing cannot be anti-environment5:33 - Alternative words to describe capitalism8:30 - Why is there so much economic illiteracy?12:36 - Despise poverty, not wealth or inequality16:41 - We are taxing what we want more of18:46 - Degrowth and the fall of western education25:21 - The concept of “needs” is often abused29:27 - How to have infinite growth on a finite planet33:08 - Elon Musk34:43 - Javier Milei and Argentina39:34 - Privatizing law and justice systems43:52 - Child labor49:52 - Advice for young peopleFollow Johan on X: http://x.com/johanknorberg This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.arjunkhemani.com
The Decline of the US Empire Topics: Military Losses: Vietnam, Afghanistan, Iraq, Ukraine Economic Losses: The Rise of BRICS Political Losses: Israel, Sanctions The Decline of US Capitalism: What Next? Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
A Marxist Critique of Capitalism for 2024 - Core Issues: Labor, Surplus, Exploitation - Inequality and Injustice - Instability: Cycles and Crises - Alternatives to Capitalism Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
Capitalism ruins SO many things, from key sectors like college sports all the way down to novelties like people's health and the environment. Jason, Rob, and Asher rely on their keen insight and otherworldly investigative talents to somehow unearth a few flaws of capitalism. But rather than wallow in the world of profiteering and privatization, they explore the solidarity economy and other alternatives to the "greed is good" way of running things.Warning: This podcast occasionally uses spicy language.Sources/Links/Notes:Wikipedia page “Nike and the University of Oregon”Joshua Hunt book: University of Nike: How Corporate Cash Bought American Higher Education.Erik Olin Wright, How to Be an Anticapitalist in the Twenty-First Century, Verso 2019.Thomas Piketty, Capital in the Twenty First Century, Harvard University Press 2014.Robert Heilbroner, The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers.Jeffrey Sachs, “Twentieth-Century Political Economy: A Brief History of Global Capitalism,” Oxford Review of Economic Policy, Vol. 15, No. 4.Summary of End Hedge Fund Control of American Homes ActDavid Bollier, The Commoner's Catalog for ChangemakingLobbying to defeat bills that prohibit private prisonsMore lobbying in support of private prisonsIncredible drug price increase after hedge fund manager acquires itAnnual report of Weaver Street MarketDonnie Maclurcan's explanation of not-for-profit enterprisesRanking of the world's happiest countriesBoston Ujima ProjectAlfie Kohn, No Contest: The Case Against Competition, Houghton Mifflin, 1992.B Corps and B LabDefinition of the solidarity economy from the New Economy CoalitionSupport the Show.
Today we offer a very special Global Capitalism special in honor of “May Day” Today's May Day Special, a collaborative effort with long-time contributor Charles Fabian, opens with the major causes for why May Day 2024 is so special. These include the fact that the great crash of global capitalism in 2008-2009 shook the world in ways that include shocking a declining US labor movement back to life and growth. We saw that in 2011 when the Occupy Wall Street movement shook the US and beyond again. Then the "Fight for $15" swept across low-wage America as it still does. Then a socialist named Bernie Sanders rose to prominence and changed how millions of Americans viewed the economy and could see the need to vote for a direct challenge to capitalism. Nor did the pandemic slow down the growth of an anti-capitalist left that shows up these days as a 70% approval rating for unions in the Gallup poll and for hugely successful unionization drives in low-wage areas like Amazon and Starbucks, in auto plants in the US south, in militant new union leaderships elected in the Teamsters and the UAW. May Day - the international celebration of the working class - has much to cheer for in 2024. And the international context is special too. The US-led, formerly dominant G7 no longer presides over world capitalism unchallenged. The BRICS - China and its allies - are a new alternative leadership of the world economy with a much more ambiguous relationship to capitalism. May Day 2024 welcomes nothing less than a new world economy and one far more favorable to working-class struggles than we have seen in years. Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
Today we talk about the distinction between left and right. Lacan's thoughts on desire. How Capitalism captures desire and identity. I would prefer not to. Moderately conservative communism. Hope you enjoy it! :) Sponsors: Exclusive NordVPN Deal: https://nordvpn.com/philothis Try it risk-free now with a 30-day money-back guarantee! Better Help: https://www.BetterHelp.com/PHILTHIS Get more: Website: https://www.philosophizethis.org/ Patreon: https://www.patreon.com/philosophizethis Find the podcast: Apple: https://podcasts.apple.com/us/podcast/philosophize-this/id659155419 Spotify: https://open.spotify.com/show/2Shpxw7dPoxRJCdfFXTWLE RSS: http://www.philosophizethis.libsyn.org/ Be social: Twitter: https://twitter.com/iamstephenwest Instagram: https://www.instagram.com/philosophizethispodcast TikTok: https://www.tiktok.com/@philosophizethispodcast Facebook: https://www.facebook.com/philosophizethisshow
In the fabric of today's interconnected globe, "Made in China" has emerged as a richly layered emblem, intertwined with economic, political, and cultural narratives. Every day, consumers worldwide engage with this tag, embedded in an array of products, prompting us to ponder: What deeper meanings unfold from the assertion that a product is "Made in China"? Pursuing this question guides us through a complex labyrinth of global manufacturing practices, the ebb and flow of international relations, and the evolving patterns of consumer culture that mark the contemporary landscape.Elisabeth Ingleson is an Assistant Professor at the Department of International History at the London School of Economics and Political Science. She specialises in the histories of US foreign relations, US-China relations, capitalism, and labor, and is the author of Made in China: When US-China Interests Converged to Transform Global Trade. @lizingleson Key highlightsIntroduction – 00:24Nationbranding and the “Made in China” label – 03:14Geopolitics and supply chain dynamics – 09:05China's convergence with global capitalism – 16:23The significance of cultural change – 27:03Fashion diplomacy, technology imports and development – 33:40The impact on Chinese politics and society– 41:10 HostProfessor Dan Banik (@danbanik @GlobalDevPod)Apple Spotify YouTube Subscribe:https://in-pursuit-of-development.simplecast.comhttps://globaldevpod.substack.com/
In "Mexico, America, and NAFTA 1994-1995," we delve into the intricate web of economic, political, and social ramifications of the North American Free Trade Agreement (NAFTA) in the mid-90s, guided by insights from John Gray's seminal work, "False Dawn: The Delusions of Global Capitalism." This episode sheds light on the high hopes and harsh realities that followed the implementation of NAFTA, focusing on the promise of seamless trade and prosperity versus the actual outcomes for local economies, labour markets, and national sovereignty.We start by exploring the foundational goals of NAFTA, aimed at eliminating trade barriers between Mexico, Canada, and the United States, and fostering economic growth through increased trade and investment. Drawing from Gray's critique, we discuss the ideological underpinnings of free-market capitalism as championed by global institutions and how NAFTA became a test case for these principles.The episode then zooms in on Mexico's experience, highlighting the immediate economic turbulence that followed NAFTA's implementation, including the 1994 peso crisis and its long-term implications for Mexican workers and industries. Through Gray's lens, we examine the fallout of globalization on local economies and the widening inequality gap, challenging the assumption that free trade inevitably leads to mutual benefits.Finally, the episode reflects on the broader implications of NAFTA as a microcosm of global economic integration, considering how Gray's "False Dawn" frames the disillusionment with globalization and the rethinking of economic policies in the 21st century. Through expert interviews and analysis, we unpack the complex legacy of NAFTA and what it teaches us about the challenges and opportunities of navigating a globalized world.Tune in to this thought-provoking episode of the Explaining History podcast, where we dissect the layers of Mexico, America, and NAFTA through the critical eyes of John Gray, offering listeners a deep dive into the intertwined destinies of nations caught in the wave of global capitalism. Become a member at https://plus.acast.com/s/explaininghistory. Hosted on Acast. See acast.com/privacy for more information.
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/african-studies
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/european-studies
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy
Governing the Displaced: Race and Ambivalence in Global Capitalism (Cornell UP, 2024) answers a straightforward question: how are refugees governed under capitalism in this moment of heightened global displacement? To answer this question, Ali Bhagat takes a dual case study approach to explore three dimensions of refugee survival in Paris and Nairobi: shelter, work, and political belonging. Bhagat's book makes sense of a global refugee regime along the contradictory fault lines of passive humanitarianism, violent exclusion, and organized abandonment in the European Union and East Africa. The book highlights the interrelated and overlapping features of refugee governance and survival in these seemingly disparate places. In its intersectional engagement with theories of racial capitalism with respect to right-wing populism, labor politics, and the everyday forms of exclusion, the book is a timely and necessary contribution to the field of migration studies and to political economy. Ali Bhagat is a PhD in Political Studies (Queen's University) and works largely on the topic of global displacement in relation to racial capitalism. As an international political economist, he is interested in the intersections of race, class, and sexuality and has worked on issues pertaining to LGBTQ+ refugees in particular. His work is based in qualitative methods drawing from interviews, policy analysis, and other ethnographic techniques. Ali's work cuts across the everyday political economy of housing, work, finance, and political belonging. Lamis Abdelaaty is an associate professor of political science at the Maxwell School of Syracuse University. She is the author of Discrimination and Delegation: Explaining State Responses to Refugees (Oxford University Press, 2021). Email her comments at labdelaa@syr.edu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/french-studies
February's Lecture Outline: Europe 2024: Disunity, Decline, Despair Ukraine + Sanctions = European De-industrialization Fascism's Resurgence/Immigration Caught Between: China Up, US Down Euro-farmers' Protest: Europe's Future UK: Conservative and Labor Collapses Co-sponsored by Democracy at Work and Left Forum Thank you for being an integral part of our community. Your engagement and support fuel our mission to foster critical discussions and insights. Together, we're building a more informed, equitable, and united world. Stay connected, and let's continue this journey towards understanding and change. Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
Is capitalism failing humanity? On the contrary, Johan Norberg, author of The Capitalist Manifesto argues that it is the recipe to a more sustainable and prosperous future. We discuss the varying attitudes towards capitalism, including from the political lens of right and left, as well as the generational perceptions at play, and why he thinks capitalism is the antidote for climate change.
Democracy at Work in conjunction with The Left Forum Presents: Global Capitalism Live Economic Update with Professor Richard D. Wolff Socialism in Today's World: the 4 Kinds - 3 Kinds of State Role in Economy - 1 Kind of Workplace Revolution - Saving Capitalism from Itself - Socialism, Fascism and Capitalism's Decline Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on Twitter, Facebook, Instagram and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) are for sale on Lulu.com. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ) Your support helps to produce and distribute these talks. Thank you. Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
EPISODE 1847: In this KEEN ON show, Andrew talks to John Gray, author of THE NEW LEVIATHANS, about our post-liberal futureJohn Gray is a political philosopher and author. His books include Seven Types of Atheism, False Dawn: the Delusions of Global Capitalism, and Black Mass: Apocalyptic Religion and The Death of Utopia. His latest book is The New Leviathans: Thoughts After LiberalismNamed as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.
About this interview: C.J. Hopkins is an American politcal satirist, playwright, novelist, and columnist living in Berlin. During the Pandemic C.J. took aim at overwrought official rhetoric, interpreting a lot of the coronavirus response as an opportunistic, authoritarian power grab by the global neoliberal project. C.J. has been critical of lockdowns, mandates and the use of emotional terror as a propaganda tool, to essentially strip us of our liberties and freedoms. C.J. talks about how he lost friends and colleagues because of his views, and refused to self censor. If anything the "new normal" has made him even more outspoken. I hope you enjoy the conversation. Links - Website C.J. Hopkins X C.J. Hopkins X If you value my podcasts, please support the show so that I can continue to speak up by choosing one or both of the following options - Buy me a coffee If you want to make a one off donation. Join my Substack To access additional content, you can upgrade to paid from just £3.50 a month To sponsor the Doc Malik Podcast contact us at hello@docmalik.com About Doc Malik: Orthopaedic surgeon Ahmad Malik is on a journey of discovery when it comes to health and wellness. Through honest conversations with captivating individuals, Ahmad explores an array of topics that profoundly impact our well-being and health. You can follow us on social media, we are on the following platforms: Twitter Ahmad | Twitter Podcast | Instagram Ahmad | Instagram Podcast
Johan Norberg's work revolves primarily around economic and intellictual history and attempting to learn lessons from past financial systems. In this episode of Faster, Please! — The Podcast, Johan takes us through his version of capitalism, giving an especially interesting perspective on the economic system of his home country. Johan is a senior fellow at the Cato Institute and the author of several books. His latest is The Capitalist Manifesto: In Defense of Global Capitalism, available now. In This Episode* “Capitalism” and its meanings (0:55)* The state of contemporary capitalism (2:34)* Coordination in capitalism (7:59)* The cyclical nature of economic systems (13:54)* Swedish capitalism (16:56)* The case for capitalism (21:48)Below is a lightly edited transcript of our conversationJames Pethokoukis: Let's begin with a little definitional work here. Capitalist Manifesto: “Capitalist” is a word people assign a variety of meanings to. What is the capitalism that you're talking about here?Johan Norberg: Yeah, it's not a great word. Quite often it's misunderstood; people think it's all about capital. It's not. We can have capital in many different economic systems. To me, free-market capitalism is about a decentralized economic system with private property where decisions are made locally, decentralized, not command and control, and the prices and wages and things are set in voluntary negotiations rather than top-down.The economist Deirdre McCloskey hates the word "capitalism." She prefers "innovism" or "trade-tested progress." Should we insist on using a different word to describe the world's dominant socio-economic system?Deirdre McCloskey is right. Capitalism is a bad word. I would much prefer “innovism” or something like that. But I've realized that in order to communicate with people, I'd better use some of the words that they are using. And I've realized that we're stuck with the word “capitalism” and the whole concept of capitalism, and if we don't fill it with meaning, those of us who like free markets and free trade, I've realized that somebody else is going to fill it with meaning, and in that case, we are losing the debate. Go to where the sinners are. That's my take.Twenty years ago, it seemed like markets had won. Capitalism was changing the world and bringing people out of poverty. President Clinton declared "the era of big government is over." China was opening its economy. What happened? Why did you feel the need to write this book in this moment?That's exactly why I wrote this book, because nowadays it seems like nobody likes free markets and free trade anymore. I've realized that, in the US, and that should be a place where people appreciate some of this, fewer people believe in capitalism than believe in ghosts nowadays. And there's this lack among politicians and governments everywhere in belief in global capitalism. There's this whole, repatriate stuff, subsidize specific businesses and sectors back home, rather than having global supply chains. So that's why I wrote this.I think this is all based on a complete misunderstanding of what has happened in the world in the past 20 years. It's not that markets have failed. On the contrary, despite the fact that we've had 20 rough years with financial crises and wars and the Great Pandemic and stuff like that, and yet we've seen, when you look at objective indicators of human living standards, more progress than ever before over these 20 years. When it comes to the reduction in poverty, more than 130,000 people lifted out of extreme poverty every day over the past 20 years. We've seen an increase in global GDP per capita of roughly a third. We've reduced child mortality by almost half, which means that four million fewer children died last year than in 2002. And this is because entrepreneurs and innovators, they keep innovating ourselves out of problems all the time — if we give them some freedom to do that. And that's what I'm worried about: that they'll have less freedom in the future if we do not keep on pounding and keep on explaining this.Those are some pretty impressive statistics. But people don't seem to notice. We keep hearing the same narrative of "late-stage, failed capitalism.” Why is that?I think the financial crisis is a very important part of this. If some capitalists do bad stuff, people lose faith in capitalism and I think we saw this in the US but also around the world. There's this sense that perhaps we shouldn't imitate what America is doing if these are the consequences. And I don't think that the financial crisis was a result of unleashed market forces. And I even wrote a book on this a couple of years back, Financial Fiasco. I think there were massive regulatory failures and central banks and ministers of finance trying to make capitalism very safe by implementing a very homogenous structure on everybody, telling everybody to go into the same way, searching for the same AAA-rated securities and stuff like that. And if everybody behaves in the same way, if that fails, there's massive disaster. We need decentralization partly to minimize risks like that. But — doesn't matter, we don't have to go into history. I think this partly explains why we're in this lack of trust in capitalism right now.But also other things. People, when they're afraid of the world, they tend to retreat. They don't want to explore. They don't want to innovate. It triggers their fight-or-flight mechanism and sometimes the societal fight-or-flight mechanism. You want to hide behind walls and tariff barriers and strong, big governments that protect you, and that is a misunderstanding of how we get out of crises. And this is what I think we've learned from these past 20 years. Yes, lots of bad stuff happened. It makes us afraid. It triggers some sort of evolutionary tendency to get away from openness and learning and discovery processes and instead we want just one instant solution to all the problems.But what we're learning is, how did we get out of the pandemic? We did it by having thousands of entrepreneurs constantly finding new ways to rebuild supply chains and find replacements for the resources they couldn't get. And innovators who were looking for new treatments and coming up with a vaccine in a record period of time. It didn't take a thousand years as it usually does, coming up with a vaccine against polio, but more like three months. But try to tell that to our reptilian brains. When we're fearful, we want one simple solution. And as H.L. Mencken once put it, there is always a solution to every problem: it is “neat, plausible, and wrong.” And it's so dangerous because it involves replacing all that discovery, all that learning and wisdom of millions with just the preferences of a few people at the top.Let me read a brief tweet by the right-wing populist writer, Sohrab Ahmari: “We are entering a new age of industrial war. The ‘California ideology,' neoliberalism, Reagan-Clintonism — whatever you want to call it, it's kaput. We're going to see close coordination between state, enterprise, labor. It took security threats to bring us here. I'll take it.” Why won't you take it?That's a scary prospect to me. There is a reason why he's talking about this Silicon Valley thing, because that worked splendidly, and one of the reasons it succeeded was that the outcomes weren't decided in advance by any kind of command-and-control thing. It was, as some criticized it in the ‘70s, it looks more like the Wild West, allowing entrepreneurs and innovators to experiment with crazy ideas, even in garages. And that's the way to … if you want to explore all possible avenues and ideas, we have to let everybody go out and look for it. I think the reason why Sohrab Ahmari is wrong is that he thinks that there is one solution to all the problems we face. Perhaps there is, but I don't know one and he doesn't know it. We have to allow more eyeballs to look at the problems and more brains to go out thinking hard about these things, and that involves not starting geopolitical divisions and nationalist temptations, but it involves having lots of people in other places helping us to find the solutions in a division of labor where we learn from what they're doing.Why has America been so successful so far? When people say that it's failing, this American, this Washington consensus thing, please keep in mind that just 15 years ago, the American economy was slightly smaller than the European one. Now it's almost a third bigger. It's not entirely broken, but some of the fixes might break it, I'm afraid, if we continue doing things like this. Why is it successful? Well, look at different areas. Look at AI. Why is America so successful? We thought that China would come up with it. Well, one reason is that the Chinese have to teach machines not just what to say, but also what not to say, but also the fact that America is learning from others. More than half of America's top AI experts have education or background in other countries and almost a third come from China. So if we want to win against China and everybody else, we also have to allow lots of Chinese to do the work for us.This notion of close coordination between state and business and labor, where does that work well? Is there a model? Is there an example of that kind of formula working elsewhere?A leading European economist just published a book called, I think it's some 50 of them, called Questioning the Entrepreneurial State, where they evaluate this whole idea that we would have this close coordination between governments and businesses, and what they say is that the history of it, at least in Europe but they look around the world as well, is that it's usually a full employment program for lobbyists and for attorneys who just reformulate everything that businesses would usually do as something that fits with this new industrial policy thing. If it was successful, you would look up stuff on the internet by using Quaero, because that's the close coordination stuff in Europe with the European and German and French governments heavily funded a “European Google.” The whole idea was that we will own the digital future by heavily subsidizing this one project. It doesn't work, because you lose some of the trial and error, you lose some of the mechanisms whereby we understand what's a success and what's not.It's okay to fail. Industrial policies fail all the time, but so does big tech. Entrepreneurial capitalism as well. But the great thing with free markets and not having the governments investing heavily in one particular model is that you replace this trial-and-error, constant experimentation and feedback and adaptation that comes when you work on markets and you're risking your own resources. Once you do that by having the government picking a winner, then, when you lose out, you spend more money on these projects instead. And you lose this learning process whereby we're constantly channeling capital and labor to more successful ones. What people would tell you is that China is the most successful place where we've had this…Yes, there seems to be a cyclical component to this belief. I mean, I'm old enough to have seen the version where Japan had figured it out. That didn't turn out so well. And then I think you have people who looked at China. If you have a natural inclination to like the idea of central planning and you eschew the kind of natural chaos of capitalism, you could point to China So that's why I wonder if this is a passing phase, because China doesn't seem like they're able to pull it off either.Yeah, but that'll keep on moving, then, and find another example where it seems to be working. Because it's always easy to find out in retrospect that something seemed to be working. And if the government is involved somewhere, they try to give it credit. But until recently, I think 49 American states tried to spend heavily to create a biotech cluster in their own state to attract businesses from other states. And if one of them succeeded, people would've said, “Look, this is because of this top-down government intervention,” but probably not, right?And it's the same thing with China. Yes, China has been tremendously successful for 30 years, but in which sectors? In the sectors that the government didn't plan for it, in places where we saw grassroots capitalism, farmers secretly privatizing their land, starting village enterprises. And then, and only then, did the Communist Party see that, “This seems to be more successful than what we've been doing recently, so allow them to continue to experiment,” experiment in export processing and stuff like that. But they wanted to keep it elsewhere so that it wouldn't spread throughout the rest of the economy. But it was so successful that it did. That's what succeeded: when people experimented. Entrepreneurs were allowed to innovate. What was it that failed? The large, state-owned enterprises. They were less productive. They were wasting cheap credit and ruining, destroying resources over the years. And once the government gets involved, there's plenty of research into this, they find less productive businesses and they become even less productive if they get access to this cheap credit and cheap land. And I think people are coming around to that now as they're seeing that China has many problems, some of them related to demography, as well. But they would need innovation, strange new business ideas, crazy people in garages coming up with new ideas. That's exactly the thing that top-down governments don't really like, and what they've been doing over the past few years is just destroying tech businesses, [education] businesses, and the gaming industry in China because authoritarians aren't good at spotting where the true potential lies.I wonder if you could clear up a question that confuses many Americans. Do you come from, and are you currently living in, a capitalist country?Yes, I am.We don't know. We're not sure. We're very confused about Sweden.Yes, I know, and that's because lots of perceptions, just like the ideas, are stuck in the 1970s. Sweden had a brief period of some 20 years when we really experimented with socialist ideas, but this was also the moment — the only moment in modern economic history — when Sweden lagged behind other countries. So up until the early 1970s, we had a very limited government, low taxes, free markets, and free trade — that made us rich. It made us so rich in Sweden that we thought that we could experiment with these ideas. Just stop thinking about how to create wealth, just spend it, redistribute it. And that resulted in an awful 20, 25 years when companies like Ikea and Tetra Pak and the greatest entrepreneurs, they just left Sweden because it wasn't possible to do business in Sweden.This is what people still remember: the 1970s. We did all these things: doubled the size of the government, jacking up taxes and so on. At the same time, it looked like a fairly successful place, it's a rich place. But it's like that old joke: How do you end up with a small fortune? Well, you start with a large fortune and then you waste most of it. And that's what we did. This is actually why, since that terrible economic financial crisis that we had in the early 1990s, Sweden has once again liberalized markets quite drastically compared to other places, and we're now back to a system which many Americans would actually think of as more free market in many ways than the US system.As you know, people think of Sweden and Scandinavia more generally as big government with a giant welfare [system], cradle-to-grave welfare, all the welfare you would ever want. So in what ways is Sweden maybe more market friendly than the United States, and perhaps some ways which would greatly surprise many Americans as well as Bernie Sanders?Yeah, I'm trying to tell the Bernie Sanders of the world that if they want to be like Sweden, they would have to do plenty of things. They would have to become more free trade-oriented in many ways. They would have to reform social security, partially privatize it with individual accounts, they would have to introduce a national school voucher system so private schools get the same funding as the public ones. They would actually have to lower taxes in many ways on the rich, and they would have to abolish taxes on property wealth inheritance and lower the corporate tax, and instead put most of the tax burdens on low- and middle-income households, because that's the dirty little secret of the Swedish welfare state. We learned in the 1970s that if you want to have a big universal welfare state that's very generous, in that case, everybody is going to have to pay for it.You have to redistribute over people's life cycle, rather than trying to get the rich to pay for it all, because we realized that the rich are too few and the economy is too dependent on them. So if we are trying to get them to pay for it all, they will flee Sweden, they will move to other places, leave their resources elsewhere, and we won't get the new businesses, the new successful ones that we all depend upon. So for 30 years, we didn't create a single net job in the private sector, the ‘70s, ‘80s, and the ‘90s. So instead, you have to move towards more taxing consumption, 25 percent value-added tax, and making sure that the poor and middle income households pay the bulk of income taxes. So, counterintuitively — and this is something that people really don't get—Sweden has a much less-progressive tax system than the United States does, less-progressive tax system than almost any other rich country because we've learned that the poor are loyal taxpayers. They don't move, they don't dodge taxes, and they don't have tax attorneys.What is the quick pitch for capitalism? If you're on an airplane next to someone who's heard a lot about inequality and wage stagnation and losing to the Chinese, how do you make the case for market capitalism?It's much, much better than you think, but it could be even better. It is much better because we can see, look at the long-term indicators and the data, and perhaps this is where I lose my fellow passenger. But wage stagnation was a phenomenon in the ‘70s and ‘80s, partly because we had to rebuild the economy because it was at risk of becoming much less competitive and we were about to lose jobs everywhere. Once we did that, from the ‘90s and onwards, we've had a tremendous increase in wages, and we can measure this in wages and total compensation and increase in 60 percent. I'd say if you look at the best indicators, but even more interesting is what can you do with those resources? And then you see that all those amenities and goods and technologies that we all considered luxuries in the ‘70 and ‘80s, we're getting close to 100 percent possession in American households.The poor people who fall below the poverty line in the US now own more amenities like that — washing machines, television sets, dryers, clothes washers, and of course cell phones and computers — than the rich did in 1970. That tells you something. If you look around the world, we've actually had the best era ever when it comes to poverty reduction, and we've even, since the turn of the millennium, reduced global inequality for the first time since the Industrial Revolution. So it's much better than the headlines. If you look at the trend lines, they're much better. Yeah, tell me about that. Give me a little of that “could be even better.” Give me a little flavor of that.Yeah. I think that we've lost — you know this and you just wrote a book on this — we've entered a period where we've thought that things cannot be better. We've tried to protect old business models and old ways of doing things, and often in a low interest rate environment, I think protected many businesses that should have been put out of their misery so that capital and labor could go to the new sectors, to the frontiers of the economy. We are seeing some of that happening now with everything from mRNA technology to the new space race to AI, but we're in a mindset and a regulatory situation where we don't want to experiment with the new weird stuff. But we have to do that because that's the only way where we'll get the new goods and services and jobs in the future. So here's to the crazy ones, as Steve Jobs would put it. And in that case, we can't be too protective of our old, safe ways of doing things. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe
Description:In this episode of the Explaining History podcast, we embark on a journey through modern economic history, tracing the evolution of global free markets from the height of Victorian Britain to the transformative concepts of Francis Fukuyama's "End of History." Drawing insights from the seminal work "False Dawn: The Delusions of Global Capitalism" by renowned scholar John Gray, we delve deep into the intricate web of economic, political, and social forces that have shaped our world.This episode guides us through a narrative that illuminates the critical junctures, key figures, and paradigm-shifting events that have defined the trajectory of global capitalism. With a keen focus on historical context and nuanced analysis, we examine the rise of free markets during the 19th century, their role in the world wars, and their triumph during the late 20th century.John Gray's incisive critique serves as our compass, challenging us to reconsider the assumptions that underpin the global capitalist system. As we explore the promises and pitfalls of unrestricted markets, we question whether Fukuyama's vision of "The End of History" has truly come to pass or if it remains an elusive goal.Whether you're a history enthusiast, an economics buff, or simply curious about the forces that have shaped our modern world, this episode offers a captivating exploration of global free markets' tumultuous journey, underpinned by the invaluable insights of John Gray's "False Dawn." Join us on this intellectual odyssey as we navigate the complex terrain of capitalism's evolution and its enduring impact on our lives.Here's a link to the Explaining History Buy me a coffee page, any and all donations gratefully accepted. Become a member at https://plus.acast.com/s/explaininghistory. Hosted on Acast. See acast.com/privacy for more information.
Democracy at Work in conjunction with The Left Forum Presents: Global Capitalism Live Economic Update with Professor Richard D. Wolff Presentation Topic: A Resurgent U.S. Labor Movement Updates will include analyses of: - Starbucks, Doctors, Autoworkers, etc. - Why Labor Resurgence Now? - Labor's Goals and Tactics - Alliances with Political Parties - Between Capitalism and Socialism Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more www.democracyatwork.info/donate Follow us on X (formally known as Twitter) at: @ProfRDWolff @DemocracyAtWrk
Capitalism Turns to the Authoritarian State · Why Private Capitalism Makes That Turn · Why State Capitalism Makes That Turn · Will the Authoritarian State Save or End Capitalism? (United States vs. China) · Socialism and the Authoritarian State. Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on Twitter, Facebook, Instagram, and YouTube. Our four Democracy at Workbooks, three written by Richard Wolff (Understanding Marxism, Understanding Socialism and The Sickness is the System: When Capitalism Cannot Save Us from Pandemics or Itself) and our latest by Robert Hennelly (Stuck Nation: Can the United States change course on our history of choosing profits over people?) are for sale. Find direct purchase links on our website ( www.democracyatwork.info/books ), or find them directly on Lulu ( www.lulu.com/spotlight/democracyatwork ). Your support helps to produce and distribute these talks. Thank you.
In this month's Global Capitalism lecture, Prof. Wolff discusses the following topics: France's General Strike March 7, 2023 Women, Unions and Strikes in the US Inflation, Profits, Inequality in the US State versus Private Capitalism: China *Global Capitalism is produced by @democracyatwrk
Guest: David Harvey is a Distinguished Professor of Anthropology & Geography at the Graduate Center of the City University of New York (CUNY), the Director of Research at the Center for Place, Culture and Politics, and the author of numerous books including, Marx, Social Justice and the City, The Condition of Postmodernity, The Limits to Capital, A Brief History of Neoliberalism, Spaces of Global Capitalism, A Companion to Marx's Capital, and his latest, A Companion to Marx's Grundrisse. The post David Harvey on Karl Marx's Grundrisse appeared first on KPFA.
Join d@w for virtual event Marxism For This Moment: A Conversation with Richard Wolff & David Harvey on Friday, November 18th at 1pm ET (New York, UTC-4). Buy your tickets here: https://www.democracyatwork.info/marxism_for_this_moment_richard_wolff_david_harvey **If you cannot make the live event but want to support d@w, consider purchasing a ticket anyway and we will send you access to the event recording. In this week's show, Prof. Wolff presents updates on students' solidarity with workers at Smith College; US car industry manipulates supply/demand to inflate prices, profits; Teamsters strike, solidarity defeat Sysco Systems; Starbucks provokes its 250 unionized stores, and why rising wages do not "cause" inflation. In the second half of the show, Wolff interviews Prof. William I. Robinson on global capitalism and its multiple crises he calls "terminal."