In this week’s episode, I am joined by Dr. Cahal Moran, the man behind the YouTube channel “Unlearning Economics,” and author of the recent book  “Why We're Getting Poorer: A Realist’s Guide to the Economy and How We Can Fix It.” 

In this podcast, I ask Cahal how he went from being an economist to debunking “Basic Economics” on YouTube. We also talk about modern China, the future of capitalism, what the left and right get wrong when it comes to Economics,   “Marxism without the rubbish bits,” and possible solutions to our chronic crisis. 

In The Backroom exclusive podcast on Patreon, Cahal and I discuss Modern Monetary Theory (MMT), UBI vs the Job Guarantee, the prospects of Economic Planning, Worker-Co-ops, and the question of “socialist” alternatives to capitalism. Become a Patron at ⁠Patreon.com/OneDime⁠ if you haven’t already!

Timestamps: 

00:00 Why Succession is Anti-Capitalist (The Backroom Preview)

03:15 Cahal Moran: The Mind Behind Unlearning Economics

05:35 Breaking from Mainstream Economics

08:20 What “LeftTube” Lacks 

12:43 The Myths of “Basic Economics”

17:22 The Impact of YouTube on Economic Discourse

25:34 Has Capitalism Made Us Richer or Poorer? 

33:40 China's Economic Model and Global Comparisons

44:40 Germany's Economic Model vs the UK: Challenges

47:36 The EU and Brexit

52:17  Modern Monetary Theory (MMT)

01:03:27 Land Value Tax: A Viable Policy 

01:20:20 Addressing Inflation

01:27:49 How Does Cahal Identify Politically? 

01:39:08 Transition to The Backroom

Check Out Cahl’s Book:  https://www.amazon.com/Why-Were-Getting-Poorer-bestelling-ebook/dp/B0DD26S8VR

Check out Unlearning Economics on YouTube: https://www.youtube.com/@unlearningeconomics9021/featured

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Outro Music by Karl Casey

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