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In which Noah Smith & Brad DeLong wish Daron Acemoglu & Simon Johnson had written a very different book than their "Power & Progress" is...Key Insights:* Acemoglu & Johnson should have written a very different book—one about how some technologies complement and others substitute for labor, and it is very important to maximize the first.* Neither Noah Smith nor Brad DeLong is at all comfortable with “power” as a category in economics other than as the ability to credibly threaten to commit violence or theft.* Acemoglu & Robinson's Why Nations Fail is a truly great book. Power & Progress is not.* We should not confuse James Robinson with Simon Johnson* Billionaires running oligopolistic tech firms are not trustworthy stewards of the future of our economy.* The IBM 701 Defense Calculator of 1953 is rather cool. * The lurkers agree with Noah Smith in the DMs.* The power loom caused technological unemployment because the rest of the value chain—cotton growing, spinning, and garment-making—was rigid, hence the elasticity of demand for the transformation thread → cloth was low.* We need more examples of bad technologies than the cotton gin and the Roman Empire.References: * Acemoglu, Daron, & Simon Johnson. 2023. Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. New York; Hachette Book Group. * Acemoglu, Daron, & James A. Robinson. 2012. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Publishers. * Besi. 2023. “Join us Tues. Oct. 10 at 4pm Pacific for a talk by @MITSloan's Simon Johnson…” Twitter. October 9. .* DeLong, J. Bradford. 2024. “What To Do About the Dependence of the Form Progress Takes on Power?: Quick Takes on Acemoglu & Johnson's "Power & Progress”. Grasping Reality. February 29.* DeLong, J. Bradford; & Noah Smith. 2023. “We Cannot Tell in Advance Which Technologies Are Labor-Augmenting & Which Are Labor-Replacing”. Hexapodia. XLIX, July 7. * Gruber, Jonathan, & Simon Johnson. 2019. Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream.The book is available on the Internet Archive: .* Johnson, Simon, & James Kwak. 2011. 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. New York: Vintage Books. .* Smith, Noah. 2024. “Book Review: Power & Progress”. Noahpinion. February 21. * Walton, Jo. 1998. “The Lurkers Support Me in Email”. May 16. .+, of course:* Vinge, Vernor. 1992. A Fire Upon the Deep. New York: TOR. . Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe
When a legendary lawyer and a legal scholar reveal the structural failures that undermine justice in our criminal courts, the result is an absolute MUST READ aptly named The Fear of Too Much Justice. While this is not the first book for authors Stephen Bright and James Kwak, it is their first collaboration that offers a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. “- their goals are to protect the poor and innocent, expose the truth behind capital punishment and wrongful convictions, and call out corrupt prosecutors and incompetent judges, along with any other bad actors who have ruined our system”. – John Grisham
Diverse Voices Book Review contributor Amanda more interviewed Stephen Bright and James Kwak, authors of THE FEAR OF TOO MUCH JUSTICE: Race, Poverty, and the Persistence of Inequality in the Criminal Courts.Yale professor Stephen B. Bright and legal scholar James Kwak write a compelling narrative about the continuing injustices in America's legal system. The authors describe how the failure of our society to confront systemic issues such as racial bias, bigotry and unchecked prosecutorial power has led to substantial consequences where defendants are subjected to excessive punishment and innocent people plead guilty to crimes they did not commit. You can read more about their book on their website at http://www.thefearoftoomuchjustice.Diverse Voices Book Review Social Media:Facebook - @diversevoicesbookreviewInstagram - @diverse_voices_book_reviewTwitter - @diversebookshayEmail: hbh@diversevoicesbookreview.com
Thursday, September 28th, 2023 Stephen Bright and James Kwak are co-authors of The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts. Stephen Bright has been an advocate for death row inmates for four decades and was the long-time director of the Southern Center for Human Rights, where James Kwak is the immediate past chair. We do not have a level playing field between the prosecution and the defense. Inequality and injustice in the criminal legal system is made worse by the widespread lack of capable defense attorneys for poor people. If you're accused of a crime, a good lawyer can tell you what your rights are and can conduct an investigation to uncover new facts that might show your innocence. Unsurprisingly, over 90% of convictions are acquired through plea bargains, instead of through trials. Listen to our first conversation with Stephen: https://www.futurehindsight.com/episode/stephen-bright Follow James on Twitter: https://twitter.com/jamesykwak Follow Mila on Twitter: https://twitter.com/milaatmos Follow Future Hindsight on Instagram: https://www.instagram.com/futurehindsightpod/ Love Future Hindsight? Take our Listener Survey! http://survey.podtrac.com/start-survey.aspx?pubid=6tI0Zi1e78vq&ver=standard Take the Democracy Group's Listener Survey! https://www.democracygroup.org/survey Want to support the show and get it early? https://patreon.com/futurehindsight Check out the Future Hindsight website! www.futurehindsight.com Read the transcript here: https://www.futurehindsight.com/episodes/the-fear-of-too-much-justice-stephen-bright-james-kwak Credits: Host: Mila Atmos Guests: Stephen Bright & James Kwak Executive Producer: Mila Atmos Producer: Zack Travis
Death penalty lawyer Stephen Bright joins Midday to discuss his new book, "The Fear of Too Much Justice: Race, Poverty and the Persistence of Inequality in the Criminal Courts." He, along with co-author James Kwak, has written a persuasive and disturbing book that is packed with real life examples of people who have been treated unfairly, incarcerated unjustly, and in some cases, put to death inexcusably.Email us at midday@wypr.org, tweet us: @MiddayWYPR, or call us at 410-662-8780.
EPISODE 1712: In this KEEN ON show, Andrew talks to Simon Johnson, co-author of POWER & PROGRESS, on what we can learn from our 1000-year struggle over technology and prosperity to make our age of Generative AI more equitable SIMON JOHNSON is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, where he is head of the Global Economics and Management group. In 2007-08 he was chief economist at the International Monetary Fund, and he currently co-chairs the CFA Institute Systemic Risk Council. In February 2021, Johnson joined the board of directors of Fannie Mae. Johnson's most recent book, with Daron Acemoglu, Power and Progress: Our 1000-Year Struggle Over Technology and Prosperity, explores the history and economics of major technological transformations up to and including the latest developments in Artificial Intelligence.His previous book, with Jonathan Gruber, Jump-Starting America: How Breakthrough Science Can Revive Economic Growth and the American Dream, explained how to create millions of good new jobs around the U.S., through renewed public investment in research and development. This proposal attracted bipartisan support. Johnson was previously a senior fellow at the Peterson Institute for International Economics in Washington, D.C., a cofounder of BaselineScenario.com, a member of the Congressional Budget Office's Panel of Economic Advisors, and a member of the Federal Deposit Insurance Corporation's Systemic Resolution Advisory Committee. From July 2014 to early 2017, Johnson was a member of the Financial Research Advisory Committee of the U.S. Treasury's Office of Financial Research (OFR), within which he chaired the Global Vulnerabilities Working Group. “The Quiet Coup” received over a million views when it appeared in The Atlantic in early 2009. His book 13 Bankers: the Wall Street Takeover and the Next Financial Meltdown (with James Kwak), was an immediate bestseller and has become one of the mostly highly regarded books on the financial crisis. Their follow-up book on U.S. fiscal policy, White House Burning: The Founding Fathers, Our National Debt, and Why It Matters for You, won praise across the political spectrum. Johnson's academic research papers on long-term economic development, corporate finance, political economy, and public health are widely cited. “For his articulate and outspoken support for public policies to end too-big-to-fail”, Johnson was named a Main Street Hero by the Independent Community Bankers of America (ICBA) in 2013. Named 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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Authors Stephen Bright and James Kwak join host Craig Lubow to talk about their book, “The Fear of Too Much Justice”, where they discuss “Race, Poverty, and the Persistence of […] The post The Fear of Too Much Justice appeared first on KKFI.
It's Hump Day! First, Emma speaks with attorney Stephen Bright and James Kwak, law professor at the University of Connecticut, to discuss their recent book The Fear of Too Much Justice: Race, Poverty, and the Insistence of Inequality in the Criminal Courts. Then, she's joined by writer Katherine Stewart to discuss her recent piece in The New Republic entitled "The Claremont Institute: The Anti-Democracy Think Tank". First, Emma runs through updates on tonight's GOP Presidential Debate, Trump's various legal battles, the UPS-Teamsters agreement, Hollywood's anti-labor action, child labor in the US, Ed Bloom's new anti-education lawsuit, a potential Oregon Supreme Court case on homelessness, and various geopolitical discourses, before admiring Climate Defiance's recent action in front of a Maura Healey fundraiser. Stephen Bright and James Kwak then join, first diving into Bright's history with capital punishment in the US over the last four decades, making him ever so intimate with the criminal-legal system's myriad injustices, blatant race discrimination, and severe power imbalance in favor of the prosecution, before stepping back to analyze why the conversation of the role of race and poverty in capital punishment is so centered on the southern US, despite racism, poverty, and death sentences all existing in the north as well. Next, Bright and Kwak parse through the drastic power imbalance that comes from the simultaneous hyper-politicization of the legal system through prosecutors alongside the deprioritization and underfunding of public defense, walking countless examples of prosecutorial injustice and the malpractice of certain supposed public defenders. Bright and Kwak then focus on the Supreme Court case of McCleskey v. Kemp, and the eventual decision that, despite overwhelming evidence of racist bias in the endorsement, sentencing, and execution of the death sentence, said bias cannot be used as an argument in individual cases, in “fear of too much justice, before wrapping up by walking through the compiling and countless injustices of the criminal legal system and its death penalty. Katherine Stewart then walks Emma through the greater history of the Claremont Institute, and its evolution from a standard conservative think tank to the far-right, anti-democratic, neo-confederate thought leader that it is today – playing host to multiple Trump co-conspirators. Stewart begins by tackling the basis for the institution's radicalization, including who the major players were, and the bigoted arguments they were able to put forth, from gender and race segregation to citing public Nazis as inspiration, before wrapping up with its culmination in the battle against “woke,” the right's attacks on education, and their ultimate goal of affirmative action for conservative men. And in the Fun Half: Emma tackles the renters' nightmare that is the modern-day United States, Dave from Jamaica critiques recent “male loneliness discourse,” Tim Pool and Moonlord eviscerate the non-existent authoritarian hygiene and total-lockdown policies of the COVID-19 pandemic, and Noel from Queens tackles the Democrats' need to be aggressive about literally anything. Newsmax goes all-in on homophobia, a Televangelist comes for Barbie's Dreamhouse, and Bailey from NC expands on the hell of economic life in America, plus, your calls and IMs! Check out Stephen & James's book here: https://thenewpress.com/books/fear-of-too-much-justice Check out Katherine's piece here: https://newrepublic.com/article/174656/claremont-institute-think-tank-trump Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: Tushy: Go to https://hellotushy.com/MAJORITY HELLO TUSHY and use promo code MAJORITY to get 10% off plus FREE shipping on your first bidet order. That's https://hellotushy.com/MAJORITY for 10% OFF. Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/
This week, Emily Bazelon and David Plotz are joined by Lulu Garcia-Navarro of The New York Times to discuss the indictment in Georgia of Donald Trump and 18 co-defendants for trying to overturn the state's 2020 election results; the court win by Montana youth for “a clean and healthful environment” and the devastating losses of Maui residents to wildfire; and the lawsuit of Michael Oher against his supposed “Blind Side” parents. Here are some notes and references from this week's show: C-SPAN: “Fulton County District Attorney Fani Willis on the Indictment of Former President Trump” David Gelles, Brad Plumer, Jim Tankersley, and Jack Ewing for The New York Times: “The Clean Energy Future Is Arriving Faster Than You Think” Christopher Flavelle and Manuela Andreoni for The New York Times: “How Climate Change Turned Lush Hawaii Into a Tinderbox” Josh Levin for Slate: “The Other Blind Sides” and Hang Up and Listen podcast Robyn Autry for MSNBC: “'The Blind Side' isn't the only film that gets things wrong. All white savior movies do.” Kristine Parks for Fox News: “Liberal columnists seize on ‘Blind Side' controversy: ‘White savior' story looks ‘even more fake' than before” Emily Laurence and Jeff Temple for Forbes: “The Psychology Behind The Fear of Missing Out (FOMO)” Here are this week's chatters: Emily: The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts by Stephen Bright and James Kwak and The Women of NOW: How Feminists Built an Organization That Transformed America by Katherine Turk Lulu: Only Murders In The Building on Hulu David: Hijack on Apple TV+ and hiring for Host, City Cast Las Vegas Listener chatter from Julian: Liz Lindqwister for The San Francisco Standard: “San Franciscans Are Having Sex in Robotaxis, and Nobody Is Talking About It” For this week's Slate Plus bonus segment, Lulu, Emily, and David discuss the return of FOMO. In the most recent edition of Gabfest Reads, David talks with David Grann about his book, The Wager: A Tale of Shipwreck, Mutiny and Murder. Email your chatters, questions, and comments to gabfest@slate.com or X us @SlateGabfest. (Messages may be quoted by name unless the writer stipulates otherwise.) Podcast production by Cheyna Roth Research by Julie Huygen Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, Emily Bazelon and David Plotz are joined by Lulu Garcia-Navarro of The New York Times to discuss the indictment in Georgia of Donald Trump and 18 co-defendants for trying to overturn the state's 2020 election results; the court win by Montana youth for “a clean and healthful environment” and the devastating losses of Maui residents to wildfire; and the lawsuit of Michael Oher against his supposed “Blind Side” parents. Here are some notes and references from this week's show: C-SPAN: “Fulton County District Attorney Fani Willis on the Indictment of Former President Trump” David Gelles, Brad Plumer, Jim Tankersley, and Jack Ewing for The New York Times: “The Clean Energy Future Is Arriving Faster Than You Think” Christopher Flavelle and Manuela Andreoni for The New York Times: “How Climate Change Turned Lush Hawaii Into a Tinderbox” Josh Levin for Slate: “The Other Blind Sides” and Hang Up and Listen podcast Robyn Autry for MSNBC: “'The Blind Side' isn't the only film that gets things wrong. All white savior movies do.” Kristine Parks for Fox News: “Liberal columnists seize on ‘Blind Side' controversy: ‘White savior' story looks ‘even more fake' than before” Emily Laurence and Jeff Temple for Forbes: “The Psychology Behind The Fear of Missing Out (FOMO)” Here are this week's chatters: Emily: The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts by Stephen Bright and James Kwak and The Women of NOW: How Feminists Built an Organization That Transformed America by Katherine Turk Lulu: Only Murders In The Building on Hulu David: Hijack on Apple TV+ and hiring for Host, City Cast Las Vegas Listener chatter from Julian: Liz Lindqwister for The San Francisco Standard: “San Franciscans Are Having Sex in Robotaxis, and Nobody Is Talking About It” For this week's Slate Plus bonus segment, Lulu, Emily, and David discuss the return of FOMO. In the most recent edition of Gabfest Reads, David talks with David Grann about his book, The Wager: A Tale of Shipwreck, Mutiny and Murder. Email your chatters, questions, and comments to gabfest@slate.com or X us @SlateGabfest. (Messages may be quoted by name unless the writer stipulates otherwise.) Podcast production by Cheyna Roth Research by Julie Huygen Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, Emily Bazelon and David Plotz are joined by Lulu Garcia-Navarro of The New York Times to discuss the indictment in Georgia of Donald Trump and 18 co-defendants for trying to overturn the state's 2020 election results; the court win by Montana youth for “a clean and healthful environment” and the devastating losses of Maui residents to wildfire; and the lawsuit of Michael Oher against his supposed “Blind Side” parents. Here are some notes and references from this week's show: C-SPAN: “Fulton County District Attorney Fani Willis on the Indictment of Former President Trump” David Gelles, Brad Plumer, Jim Tankersley, and Jack Ewing for The New York Times: “The Clean Energy Future Is Arriving Faster Than You Think” Christopher Flavelle and Manuela Andreoni for The New York Times: “How Climate Change Turned Lush Hawaii Into a Tinderbox” Josh Levin for Slate: “The Other Blind Sides” and Hang Up and Listen podcast Robyn Autry for MSNBC: “'The Blind Side' isn't the only film that gets things wrong. All white savior movies do.” Kristine Parks for Fox News: “Liberal columnists seize on ‘Blind Side' controversy: ‘White savior' story looks ‘even more fake' than before” Emily Laurence and Jeff Temple for Forbes: “The Psychology Behind The Fear of Missing Out (FOMO)” Here are this week's chatters: Emily: The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts by Stephen Bright and James Kwak and The Women of NOW: How Feminists Built an Organization That Transformed America by Katherine Turk Lulu: Only Murders In The Building on Hulu David: Hijack on Apple TV+ and hiring for Host, City Cast Las Vegas Listener chatter from Julian: Liz Lindqwister for The San Francisco Standard: “San Franciscans Are Having Sex in Robotaxis, and Nobody Is Talking About It” For this week's Slate Plus bonus segment, Lulu, Emily, and David discuss the return of FOMO. In the most recent edition of Gabfest Reads, David talks with David Grann about his book, The Wager: A Tale of Shipwreck, Mutiny and Murder. Email your chatters, questions, and comments to gabfest@slate.com or X us @SlateGabfest. (Messages may be quoted by name unless the writer stipulates otherwise.) Podcast production by Cheyna Roth Research by Julie Huygen Learn more about your ad choices. Visit megaphone.fm/adchoices
We talk with Stephen Bright and James Kwak about their book The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts about racial prejudice in the judicial system as well as the death penalty.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5189985/advertisement
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. 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
Glenn Ford, a Black man, spent thirty years on Louisiana's death row for a crime he did not commit. He was released in 2014—and given twenty dollars—when prosecutors admitted they did not have a case against him. Ford's trial was a travesty. One of his court-appointed lawyers specialized in oil and gas law and had never tried a case. The other had been out of law school for only two years. They had no funds for investigation or experts. The prosecution struck all the Black prospective jurors to get the all-white jury that sentenced Ford to death. In The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts (The New Press, 2023), legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice. The book ranges from poor people squeezed for cash by private probation companies because of trivial violations to people executed in violation of the Constitution despite overwhelming evidence of intellectual disability or mental illness. They also show examples from around the country of places that are making progress toward justice. With a foreword by Bryan Stevenson, who worked for Bright at the Southern Center for Human Rights and credits him for “[breaking] down the issues with the death penalty simply but persuasively,” The Fear of Too Much Justice offers a timely, trenchant, firsthand critique of our criminal courts and points the way toward a more just future. Omari Averette-Phillips is a History Educator and an Independent Scholar based in Southern California. He can be reached at omariaverette@gmail.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/african-american-studies
On today's show Patti is joined in studio by comedian Paul Farahvar, and welcomes guests Cheryl Wisniewski of Oak Park Porchfest, and Stephen Bright and James Kwak, authors of "The Fear of Too Much Justice."
Justice? 7/12/23: Sen.Jo Comerford on flood damage to farms & SCOTUS' damage to colleges; Smith Prof Carrie Baker on Easthampton's pregnancy services ordinance; Paul Newlin on W. Whately's Watermelon Wednesdays; death penalty atty Stephen Bright & James Kwak on "The Fear of Too Much Justice."
Postponed from last week: James Kwak, co-author (with Stephen B. Bright) of "The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts."
This week on Everyday Injustice we feature legendary attorney Stephen Bright and James Kwak who just released a new book, “The Fear of Too Much Justice.” Bryan Stevenson writes, “An urgently needed analysis of our collective failure to confront and overcome racial bias and bigotry, the abuse of power, and the multiple ways in which the death penalty's profound unfairness requires its abolition. You will discover Steve Bright's passion, brilliance, dedication, and tenacity when you read these pages.” In The Fear of Too Much Justice, “legendary death penalty lawyer Stephen B. Bright and legal scholar James Kwak offer a heart-wrenching overview of how the criminal legal system fails to live up to the values of equality and justice.” Listen as Everyday Injustice discusses wrongful convictions, racial inequities, mental illness, the trial penalty and underfinanced indigent defense and much more.
With today's emerging technologies, including things like artificial intelligence, are quickly becoming mainstream. AIs like ChatGPT, the chatbot that can produce answers to questions and write essays and poems, have become sensational hits in our culture. What's the cost of all of these so-called advances? If you ask economist Simon Johnson, the cost could be astronomical. In his latest book, Power and Progress (co-authored with MIT's Daron Acemoglu), Johnson believes that we are at a pivotal point in history where technology could either provide widespread prosperity or accelerate the power and wealth gaps in our society. Many people throughout history, and in current today, have assumed that technological advances mean progress for all. Johnson explores how this assumption actually played out throughout history. The wealth generated by technological improvements in agriculture during the European Middle Ages was captured by the nobility and used to build grand cathedrals while peasants remained on the edge of starvation. England's first hundred years of industrialization delivered stagnant incomes for working people. And throughout the world today, Johnson argues, digital technologies and artificial intelligence undermine jobs and democracy through excessive automation, massive data collection, and intrusive surveillance. So are we doomed to repeat history? Johnson would say no. He also demonstrates that the path of technology was once — and may again be — brought under control. The tremendous computing advances of the last half-century can become empowering and democratizing tools, but not if all major decisions remain in the hands of a few powerful tech leaders. Combining economic theory and a manifesto for a better society, Johnson provides the vision to reshape how we innovate and the question of who really gains from technological advances. Simon Johnson is the Kurtz Professor of Entrepreneurship at MIT and a former chief economist to the IMF. His much-viewed opinion pieces have appeared in the New York Times, the Wall Street Journal, the Financial Times, the Atlantic, and elsewhere. With law professor James Kwak, Simon is the co-author of the bestsellers 13 Bankers and White House Burning and a founder of the widely-cited economics blog The Baseline Scenario. Purchase book from Third Place Books
We're joined by two guests today: Stephen Bright and James Kwak, to talk about their book The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts. We discuss racial prejudice in the court systems as well as the death penalty.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5189985/advertisement
(Ep. 61) [Book Talk] ECONOMISM - Bad Economics and the Rise of Inequality, by James Kwak In “Economism: Bad Economics and the Rise of Inequality”, James Kwak makes a compelling case that an overly simplistic understanding of economics (‘Econ 101') is exacerbating the economic, social, and political problems of both the United States and the world at large. It's extremely important to understand that these simple ideas are being used to mislead us, to lie to us, to cheat us. Kwak does an admirable job of making this clear. And it is equally as important to be alert and to recognize when this is happening so that you can better understand exactly what it is that people are trying to do. __________________________________ This podcast and related works take a lot of effort and time to produce! Please help us keep it going if you are able with a one-time donation or recurring subscription at Buy Me A Coffee! LINK: www.buymeacoffee.com/tribunusplebis Please, if you have a moment, take a second to rate and review on Apple! It's the single best way you can help us grow aside from word of mouth! Apple Podcasts: https://apple.co/2Fa69IA Check out all of our links at our LinkTree! https://linktr.ee/TribunusPlebisMedia --- Send in a voice message: https://anchor.fm/tribunus-plebis/message
We take a look at two books about the financial apocalypse. The first book is 13 Bankers by Simon Johnson and James Kwak. The second book is Liar's Poker by Michael Lewis. 13 Bankers In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country's gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Liar's Poker The time was the 1980s. The place was Wall Street. The game was called Liar's Poker. Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Once Upon a Vampire kawfeehaus@protonmail.com Finally on Twitter @KawFee_Haus Read new articles at KawFee Haus Korner on Substack Consider supporting the show on Patreon See what I'm reading on Goodreads Check out my book
James Kwak is a professor at the University of Connecticut School of Law and writes extensively on the contemporary politics of our time.
In this episode, Prof. James Kwak of UConn School of Law speaks to Nicolas Wittstock about the impact of overly simple economic models on policy debates. James Kwak's 2017 book Economism makes the forceful case that simplistic Econ 101 ideas pervade policy discourse and sometimes even economic policy.
Democrats used to be known as the party of the working people—so how did they get so off track? Who took over the party, and why? Author and professor James Kwak joins Nick and Paul in a blistering analysis of the decline of the Democratic Party, and explains how we can get it back on track. This episode originally aired in January 2020. News clips credit: C-SPAN, ProfGP, CNN James Kwak is a professor at the UConn School of Law and the chair of the board of the Southern Center for Human Rights. He is the author or co-author of 13 Bankers, White House Burning, and Economism. His latest book, Take Back Our Party: Restoring the Democratic Legacy, is available for free online at The American Prospect. Twitter: @jamesykwak Read Take Back Our Party on The American Prospect: Introduction - Restoring the Democratic Legacy: https://prospect.org/politics/take-back-our-party-restoring-the-democratic-legacy/ Chapter 1 - Their Democratic Party: https://prospect.org/takebackourparty/chapter-1-their-democratic-party/ Chapter 2 - Bad Policy: https://prospect.org/takebackourparty/chapter-2-bad-policy/ Chapter 3 - Bad Politics: https://prospect.org/takebackourparty/chapter-3-bad-politics/ Chapter 4 - Our Democratic Party: https://prospect.org/takebackourparty/chapter-4-our-democratic-party/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer
We look at two new books about Amazon—Fulfillment by Alec Macgillis and Amazon Unbound by Brad Stone—as an occasion to further consider the galactic expansion of this evil empire, the relentlessly sociopathic god-emperor at the top, and bad takes that revere Bezos as a quirky innovator and blame consumer choices in the market for the human misery Amazon causes. We’ve dug into Amazon a lot over the last couple months. But Amazon is big. It contains multitudes and contradictions. There’s always more to cover, to analyze, to track, to just try wrapping our minds around. Some stuff we reference: • Fulfillment: Winning and Losing in One-Click America | Alec MacGillis: https://us.macmillan.com/books/9780374159276 • Amazon Unbound: Jeff Bezos and the Invention of a Global Empire | Brad Stone: https://www.simonandschuster.com/books/Amazon-Unbound/Brad-Stone/9781982132613 • To Understand Amazon, We Must Understand Jeff Bezos | Ben Smith: https://www.nytimes.com/2021/05/13/books/review/amazon-unbound-brad-stone.html • We know about Amazon’s sins. Do we care? | James Kwak: https://www.washingtonpost.com/outlook/we-know-about-amazons-sins-do-we-care/2021/03/18/b7ff73ce-7acb-11eb-85cd-9b7fa90c8873_story.html Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills TMK shirts are now available: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)
My dog is doing better on dating apps than I am. I also succumbed to the pandemic craze of doing something stupid to your hair. This episode is all about inequality. I interview James Kwak author of Economism:Bad Economics and the Rise of Inequality. I also interview comedian and friend Peter Anthony about which Billionaires we would execute with a guillotine.
Democrats used to be known as the party of the working people—so how did they get so off track? Who took over the party, and why? Author and professor James Kwak joins Nick and Paul in a blistering analysis of the decline of the Democratic Party, and explains how we can get it back on track. News clips credit: C-SPAN, ProfGP, CNN James Kwak is a professor at the UConn School of Law and the chair of the board of the Southern Center for Human Rights. He is the author or co-author of 13 Bankers, White House Burning, and Economism. His latest book, Take Back Our Party: Restoring the Democratic Legacy, is available for free online at The American Prospect. Twitter: @jamesykwak Read Take Back Our Party on The American Prospect: Introduction - Restoring the Democratic Legacy: https://prospect.org/politics/take-back-our-party-restoring-the-democratic-legacy/ Chapter 1 - Their Democratic Party: https://prospect.org/takebackourparty/chapter-1-their-democratic-party/ Chapter 2 - Bad Policy: https://prospect.org/takebackourparty/chapter-2-bad-policy/ Chapter 3 - Bad Politics: https://prospect.org/takebackourparty/chapter-3-bad-politics/ Chapter 4 - Our Democratic Party: https://prospect.org/takebackourparty/chapter-4-our-democratic-party/ Learn more about your ad choices. Visit megaphone.fm/adchoices
The creation of new jobs is a constant priority for our government administrators. In this episode, hosts Peter Cappelli and Iwan Barankay speak with economists Jonathan Gruber & Simon Johnson about how our nation's history gives us a clear blueprint for sparking future job growth.Jonathan Gruber is the Ford Professor of Economics at MIT. An architect of both Romneycare and Obamacare, he appears regularly on news outlets ranging from Fox News to MSNBC. Slate has named him one of the top twenty-five “Most Innovative and Practical Thinkers of Our Time.” In addition to over 175 academic articles, he is the author of Jump-Starting America, Health Care Reform (Hill & Wang), a graphic novel about the Affordable Care Act, Public Finance and Public Policy (Worth), the leading textbook in public finance, and six other books.Simon Johnson is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at MIT and former chief economist at the International Monetary Fund. His much-viewed opinion pieces have appeared in the New York Times, the Wall Street Journal, the Financial Times, the Atlantic, and elsewhere. With law professor James Kwak, Simon is the coauthor of Jump-Starting America, 13 Bankers, and White House Burning and a founder of the widely cited economics blog The Baseline Scenario.Learn more about Jump-Starting Americahttps://www.jump-startingamerica.com/ See acast.com/privacy for privacy and opt-out information.
What is “Econ 101,” and why do economists always get things wrong? In this episode we dismantle orthodox economics, exploring where it comes from, why it's wrong, and how “It’s Econ 101!” became a cynical rallying cry in defense of the status quo. Guests Eric Beinhocker (The Origin of Wealth) and James Kwak (Economism) explain that, far from a science, Econ 101 is really just a story we tell ourselves to justify who gets what and why. And it’s time to tell a different story. Eric Beinhocker: Professor of Public Policy at the Blavatnik School of Government, University of Oxford. Executive Director of the Institute for New Economic Thinking at the Oxford Martin School. Author of The Origin of Wealth. Twitter: @ericbeinhocker James Kwak: Professor of Law at the Connecticut School of Law. Co-founder of the economics blog “The Baseline Scenario”, a commentary on developments in the global economy, law, and public policy. Author of Economism: Bad Economics and the Rise of Inequality. Columnist for The Atlantic. Twitter: @jamesykwak Further reading: https://www.theatlantic.com/business/archive/2017/01/economism-and-the-minimum-wage/513155/ Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, with the election winding down, Donald Trump is running out of creative ways to spend Republican money on himself. But the wily old grifter has still got it, and now people who thought they were donating to a presidential campaign have actually bought copies of the Art Of The Deal. We'll take a look at Trump's ability to rook gullible Republican donors. Meanwhile, the media has been having a debate about Trump's voter base. On one side you have people who believe it's entirely driven by racial resentment. On the other, you have those who insist it's all rooted in economic anxiety. But what if the real problem is that we've all just taken sides in a dumb debate? Joining us to travel to a middle ground is University of Connecticut history professor James Kwak. Additionally, the 2016 election cycle has been a real boon for the factchecking industry. Interest in fact-checking among readers is seemingly at an all-time high. And thanks to Donald Trump, there is a never-ending supply of material. And... See acast.com/privacy for privacy and opt-out information.
Old shows from the Ground Zero Archive. http://www.groundzeromedia.org/epluribus-vermin-a-financial-false-flag/ http://www.groundzeromedia.org/ground-zero-guest-8211-gerald-celente/ http://www.groundzeromedia.org/ground-zero-guest-8211-james-kwak/ (Includes some commercials)
Simon Johnson of MIT and the author (with James Kwak) of 13 Bankers talks with EconTalk host Russ Roberts about the origins of the financial crisis and how the next one might be prevented. Invoking the work of George Stigler, Johnson argues that the financial sector has captured the regulatory process and the result is that regulation and government intervention have been steered more by the interests of the financial sector than to the benefit of the general public. Johnson argues for capping the size of banks in order to reduce the danger of systemic risk and the too-big-to-fail excuse for bailing out banks. Johnson also discusses the role of the Fed in subsidizing risk-taking and leverage in the financial sector.
Simon Johnson of MIT and the author (with James Kwak) of 13 Bankers talks with EconTalk host Russ Roberts about the origins of the financial crisis and how the next one might be prevented. Invoking the work of George Stigler, Johnson argues that the financial sector has captured the regulatory process and the result is that regulation and government intervention have been steered more by the interests of the financial sector than to the benefit of the general public. Johnson argues for capping the size of banks in order to reduce the danger of systemic risk and the too-big-to-fail excuse for bailing out banks. Johnson also discusses the role of the Fed in subsidizing risk-taking and leverage in the financial sector.
[Re-posted with permission from Jenny Attiyeh’s ThoughtCast] Simon Johnson, the Professor of Entrepreneurship at MIT’s Sloan School of Management, and former chief economist at the International Monetary Fund, is an outspoken critic of the US government response to the financial crisis. Now he takes on the “too big to fail” banks which continue to threaten our economy. In his latest book, called 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Pantheon, 2010), which he co-wrote with James Kwak, Simon argues that if the biggest banks aren’t cut down to size, it’s only a matter of time before we face another financial crisis. And once again, the government – aka the taxpayers – will be obliged to step in and bail out these behemoths. In Simon’s words, if they’re too big to fail — they’re too big to exist! Simon Johnson is also a senior fellow at the Peterson Institute for International Economics. And he’s the co-author, again with James Kwak, of the influential economics blog The Baseline Scenario. Simon spoke with ThoughtCast at the Harvard Book Store in Cambridge, Massachusetts.
[Re-posted with permission from Jenny Attiyeh’s ThoughtCast] Simon Johnson, the Professor of Entrepreneurship at MIT’s Sloan School of Management, and former chief economist at the International Monetary Fund, is an outspoken critic of the US government response to the financial crisis. Now he takes on the “too big to fail” banks which continue to threaten our economy. In his latest book, called 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Pantheon, 2010), which he co-wrote with James Kwak, Simon argues that if the biggest banks aren’t cut down to size, it’s only a matter of time before we face another financial crisis. And once again, the government – aka the taxpayers – will be obliged to step in and bail out these behemoths. In Simon’s words, if they’re too big to fail — they’re too big to exist! Simon Johnson is also a senior fellow at the Peterson Institute for International Economics. And he’s the co-author, again with James Kwak, of the influential economics blog The Baseline Scenario. Simon spoke with ThoughtCast at the Harvard Book Store in Cambridge, Massachusetts. Learn more about your ad choices. Visit megaphone.fm/adchoices
[Re-posted with permission from Jenny Attiyeh’s ThoughtCast] Simon Johnson, the Professor of Entrepreneurship at MIT’s Sloan School of Management, and former chief economist at the International Monetary Fund, is an outspoken critic of the US government response to the financial crisis. Now he takes on the “too big to fail” banks which continue to threaten our economy. In his latest book, called 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown (Pantheon, 2010), which he co-wrote with James Kwak, Simon argues that if the biggest banks aren’t cut down to size, it’s only a matter of time before we face another financial crisis. And once again, the government – aka the taxpayers – will be obliged to step in and bail out these behemoths. In Simon’s words, if they’re too big to fail — they’re too big to exist! Simon Johnson is also a senior fellow at the Peterson Institute for International Economics. And he’s the co-author, again with James Kwak, of the influential economics blog The Baseline Scenario. Simon spoke with ThoughtCast at the Harvard Book Store in Cambridge, Massachusetts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Baseline Scenario author and Harvard fellow James Kwak discusses the debt ceiling deal and the conflicting prerogatives that were at work during the debate.
Aired 04/18/10 SIMON JOHNSON, former chief economist at the International Monetary Fund, is currently Professor of Entrepreneurship at MIT's Sloan School of Management and a senior fellow at the Peterson Institute for International Economics in Washington. He is the co-author of STARTING OVER IN EASTERN EUROPE and co-founder of the blog site THE BASELINE SCENARIO with James Kwak, with whom he also co-authored the new book, 13 BANKERS: The Wall Street Takeover and the Next Financial Meltdown. http://baselinescenario.com/ http://www.pbs.org/moyers/journal/04162010/profile.html
How did Big Finance grow so powerful that its hijinks nearly brought down the global economy – and what hope is there for real reform with Washington politicians on Wall Street's payroll? Bill Moyers talks with authors Simon Johnson and James Kwak, two of the nation's most respected economic experts and authors of the new book 13 BANKERS: THE WALL STREET TAKEOVER AND THE NEXT FINANCIAL MELTDOWN. Also, a Bill Moyers essay on the true costs of war.
How did Big Finance grow so powerful that its hijinks nearly brought down the global economy – and what hope is there for real reform with Washington politicians on Wall Street's payroll? Bill Moyers talks with authors Simon Johnson and James Kwak, two of the nation's most respected economic experts and authors of the new book 13 BANKERS: THE WALL STREET TAKEOVER AND THE NEXT FINANCIAL MELTDOWN. Also, a Bill Moyers essay on the true costs of war.
How did Big Finance grow so powerful that its hijinks nearly brought down the global economy – and what hope is there for real reform with Washington politicians on Wall Street's payroll? Bill Moyers talks with authors Simon Johnson and James Kwak, two of the nation's most respected economic experts and authors of the new book 13 BANKERS: THE WALL STREET TAKEOVER AND THE NEXT FINANCIAL MELTDOWN. Also, a Bill Moyers essay on the true costs of war.