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This year’s American electoral shakeup sends us looking for deeper economic tremors. Unemployment is down to 4.9%, even as discouraged workers are reentering the market and the average hourly wage rose 7 cents. “More good news,” says The Atlantic.
But retail spending and consumer confidence remain low — as if the recovery were less solid than it appears.
Our guest, the journalist and reader Paul Mason, has a thought. He looks at the present Western economy — defined by global trade, bygone unions, knowledge work, and high finance, of Davos, TED Talks, and creative disruption — and finds a glitch, a transitional crisis long in arriving.
Can our global system keep going without a reworking for the Internet age? Or is Mason’s “post-capitalism” an idea whose time has come?
In preparation for this week’s show, we spoke with Thomas Frank, author of Listen, Liberal: Or What Happened to the Party of the People. He points to the Clinton era as neoliberalism’s crystallizing moment:
The post Neoliberalism and Postcapitalism appeared first on Open Source with Christopher Lydon.
3.8
44 ratings
This year’s American electoral shakeup sends us looking for deeper economic tremors. Unemployment is down to 4.9%, even as discouraged workers are reentering the market and the average hourly wage rose 7 cents. “More good news,” says The Atlantic.
But retail spending and consumer confidence remain low — as if the recovery were less solid than it appears.
Our guest, the journalist and reader Paul Mason, has a thought. He looks at the present Western economy — defined by global trade, bygone unions, knowledge work, and high finance, of Davos, TED Talks, and creative disruption — and finds a glitch, a transitional crisis long in arriving.
Can our global system keep going without a reworking for the Internet age? Or is Mason’s “post-capitalism” an idea whose time has come?
In preparation for this week’s show, we spoke with Thomas Frank, author of Listen, Liberal: Or What Happened to the Party of the People. He points to the Clinton era as neoliberalism’s crystallizing moment:
The post Neoliberalism and Postcapitalism appeared first on Open Source with Christopher Lydon.
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