The Progressive

Podcast: State of Power (LS 29 · TOP 10% what is this?)
Episode: S3 Ep4: The Problem with Global Trade 2. The World Trade Organization (In conversation with Alexandra Strickner)
Pub date: 2022-04-29

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For a while now, the mantra “trade not aid” has dictated how the overdeveloped countries of the Global North engage with their less wealthy counterparts. The logic being that trade is more dignified than aid, and leads to longer lasting change.

However, to anyone who has been paying attention, the way global trade is set up may actually be one of the reasons these countries remain poor. The playing field is far from level, and there are multiple mechanisms that work in concert to ensure it remains that way. To try and understand how the global trade system works, and to find out what can be changed, we had a series of conversations with some experts.  In all these conversations, we aimed to understand how the current global trade system came to be, how it works, and how we can make it more equitable, just, and fair. 

In this episode, we wanted to understand exactly what the WTO is, where did it come from in the first place, and why does it have the influence it has?  

Our guest, Alexandra Strickner, studied economics in Vienna and is co-founder of ATTAC Austria. Alexandra has decades of experience working in Civil Society around issues of globalization,   EU trade policy and Economic alternatives.

Image source: B.S. Halpern (T. Hengl; D. Groll) / Wikimedia Commons

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Podcast: The Sustainability Agenda (LS 41 · TOP 1.5% what is this?)
Episode: Episode 149 Professor Kevin Gallagher and Richard Kozul-Wright discuss their ideas for a new Bretton Woods to deal with inequality and climate breakdown
Pub date: 2022-04-25

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Professor Kevin Gallagher and Richard Kozul-Wright discuss their new book The Case for a New Bretton Woods. They highlight the unmet promises for reforms to promote stability, social inclusion, and sustainability in the aftermath of the 2008–9 global financial crisis—and argue that in the wake of Covid there is now an opportunity to reform the financial system and deal with the inequality, volatility, and climate breakdown. Kevin and Richard outline a series of fundamental reforms to bring the Bretton Woods institutions, reforming international finance, aligning trade and investment rules with climate and development goals.

 

Kevin T Gallagher is Professor of Global Development Policy and Director of the Global Development Policy Center at Boston University, whose mission is to advance policy-relevant research for financial stability, human wellbeing, and the environment on a global scale. Richard Kozul-Wright is Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development (UNCTAD) He has worked at the UN in both New York and Geneva and published widely on economic issues.

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Podcast: State of Power (LS 29 · TOP 10% what is this?)
Episode: S3 Ep3: The Problem with Global Trade 1. Entrenching Inequality (in conversation with Grieve Chelwa)
Pub date: 2022-04-14

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For a while now, the mantra “trade not aid” has dictated how the overdeveloped countries of the Global North engage with their less wealthy counterparts. The logic being that trade is more dignified than aid, and leads to longer lasting change.

 However, to anyone who has been paying attention, the way global trade is set up may actually be one of the reasons these countries remain poor. The playing field is far from level, and there are multiple mechanisms that work in concert to ensure it remains that way. To try and understand how the global trade system works, and to find out what can be changed, we had a series of conversations with some experts.  In all these conversations, we aimed to understand how the current global trade system came to be, how it works, and how we can make it more equitable, just, and fair. 

In today’s episode, the first of the series,  we speak  to Grieve Chelwa, who is an economist, about how the global trade system particularly affects African countries. Grieve is the director of research at the Institute on race power and politics at the New school in New York City. 

In upcoming episodes, we will delve deeper into the history of the World Trade Organization, we will look at how global trade as it is currently done contributes to climate change, we will explore how Global North countries can change the way they engage with their less wealthy counterparts, and we will zoom in on investor state dispute settlement,  a particularly insidious mechanism that makes it difficult for countries to decouple themselves from an exploitative trade system that stifles their economic growth. 

Image source: B.S. Halpern (T. Hengl; D. Groll) / Wikimedia Commons

The podcast and artwork embedded on this page are from State of Power, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Podcast: Zer0 Books and Repeater Media (LS 29 · TOP 10% what is this?)
Episode: Kinetic Marxism: An Interview with Thomas Nail
Pub date: 2022-04-24

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On this episode, Will and Adam from Acid Horizon speak with Thomas Nail about his book “Marx in Motion: A New Materialist Marxism”. They discuss the origins of Marx’s theory of matter based on his doctoral dissertation on Epicurean philosophy, his critique of rigid atomism, and his dynamic theory of matter in motion that reveals its innate capacity for transformation. Thomas explains the centrality of the notion of movement to notions of labor and valuation in the first volume of Marx’s Capital, as well as his innovative claim that Marx’s theory of value was not one based on labor, but one based on seeing value as a delusion of seeing the products of productive motions as commodities whose qualities were entirely disconnected from those processes—a delusion grounded in the very origins of value itself in primitive accumulation, dispossession, appropriation, and enslavement under Racial Capitalism. Thomas’ work challenges the various revolutions in Marxist interpretation since Engels and boldly asks how we can transform a Marxism based on movement, to a movement based on Marxism.

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Podcast: Green Dreamer: Seeding change towards collective healing, sustainability, regeneration (LS 56 · TOP 0.5% what is this?)
Episode: 353) Jason Moore: The impossible endless accumulation of capital
Pub date: 2022-04-19

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In this episode, we welcome Jason W. Moore, an environmental historian and historical geographer at Binghamton University, where he is professor of sociology. He is author or editor of several books: most recently, of Capitalism in the Web of Life; and, with Raj Patel, A History of the World in Seven Cheap Things.

His books and essays on environmental history, capitalism, and social theory have been widely recognized, and he coordinates the World-Ecology Research Network. 

Support our community-powered show: GreenDreamer.com/support

(The musical offering in this episode is Debt by Luna Bec.)

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Podcast: A Correction Podcast (LS 38 · TOP 2% what is this?)
Episode: Lucia Pradella on Imperialism and Unfree Labor in the Mediterranean
Pub date: 2022-04-17

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Lucia Pradella studied Philosophy, Social Sciences and Migration Studies at the University of Venice Ca’ Foscari and the Humboldt University in Berlin. She collaborated with the project of historical-critical edition of Marx’s and Engels’s complete works at the Berlin-Brandenburg Academy of Sciences and Humanities. After completing her PhD on globalisation and the history of political economy using that edition (jointly at the University of Naples Federico II and Paris X Nanterre), she conducted a two-year postdoctoral research fellowship in Sociology of Economic Processes and Work at Ca’ Foscari. She taught in the areas of International Political Economy, Migration, and Welfare Policies at Brunel, SOAS and Ca’ Foscari. She is a Research Associate in the SOAS Department of Development Studies and in the Centre for the Global Political Economy at the University of Sussex, and member of the Laboratory for Social Research at Ca’ Foscari. She joined King’s as a lecturer in International Political Economy in 2015.

Lucia Pradella

A Correction Team

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A note from Lev:

I am a high school teacher of history and economics at a public high school in NYC, and began the podcast to help demystify economics for teachers.  The podcast is now within the top 2.5% of podcasts worldwide in terms of listeners (per Listen Notes) and individual episodes are frequently listed by The Syllabus (the-syllabus.com) as among the 10 best political economy podcasts of a particular week.  The podcast is reaching thousands of listeners each month.  

The podcast seeks to provide a substantive alternative to mainstream economics media; to communicate information and ideas that contribute to equitable and peaceful solutions to political and economic issues; and to improve the teaching of high school and university political economy.  

I am looking to be able to raise money in order to improve the technical quality of the podcast and website and to further expand the audience through professionally designed social media outreach. I am also hoping to hire an editor. 

Our goal is to raise $12,000 this year. If you can donate a few dollars each month it will help us reach that goal. And if you know of a family foundation that might be interested in donating to A Correction please be in touch. Thank you! (And a huge thank you to all of the people who have already supported the podcast!)

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Lev

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Podcast: Belabored (LS 48 · TOP 1% what is this?)
Episode: Belabored: Winning in Logistics Work, with Michelle Valentin Nieves and Laleh Khalili
Pub date: 2022-04-08

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A two-part episode on logistics labor, with Michelle Valentin Nieves of the Amazon Labor Union, and Laleh Khalili, author of Sinews of War and Trade.

The post Belabored: Winning in Logistics Work, with Michelle Valentin Nieves and Laleh Khalili appeared first on Dissent Magazine.

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Podcast: Economics & Beyond with Rob Johnson (LS 41 · TOP 1.5% what is this?)
Episode: Richard Kozul-Wright & Kevin Gallagher: Re-orienting Global Finance Towards Ecological and Social Goals
Pub date: 2022-04-11

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UNCTAD Director Richard Kozul-Wright and Kevin Gallagher, Global Development Policy professor at Boston University, discuss their book, The Case for a New Bretton Woods. Ever since the post-war economic order was dismantled beginning in the 1980s, a re-design of the global economic order has become increasingly urgent in light of the social and ecological crises that we face.

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Podcast: The China in Africa Podcast (LS 49 · TOP 0.5% what is this?)
Episode: Can the "Shanghai Model" Solve the Global South Debt Crisis?
Pub date: 2022-04-08

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During the last major Global South debt crisis in the late 1980s, the United States pioneered an initiative that bundled together all of these countries' debts into a bond that would then be re-packaged and sold to investors. These so-called "Brady Bonds" were very effective in giving many of the poorest, most indebted countries the breathing room they needed to recover.

Now, as developing countries are confronting yet another debilitating debt crisis, an update to the Brady Bond idea is now circulating but this time it's coming from China, not the U.S.

Just like a Brady Bond, the so-called Shanghai Model would roll up poor countries' debt into a bond asset and then sell it to investors. But there's a catch: rather than price it in dollars, the Shanghai Model would use Chinese yuan.

Economists Ying Qian and Yan Wang from Boston University's Global Development Policy Center have been writing a lot lately about the Shanghai Model and exploring its viability. Ying joins Eric & Cobus from Washington, D.C. to discuss whether it really can replicate the success of the Brand Bond.

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Podcast: The Sustainability Agenda (LS 41 · TOP 1.5% what is this?)
Episode: Episode 148: Interview with Ann Pettifor on finance and climate and stranded assets
Pub date: 2022-04-12

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Wide-ranging interview with the economist Ann Pettifor on the impact of an unstable financial system on the prospects of dealing with the climate crisis, the role and impact of private finance-- which she believes is ultimately designed to serve the interests of the 1%. Ann argues, however, that the real power of private finance is overstated, pointing to the various ways in which financial institutions consistently rely on public institutions to bail them out: how we are not actually living in time of free market capitalism. Rather than focus exclusively on the cost of decarbonization, Ann suggests that we think about a different kind of economy: living more simply, living with less carbon, living in an economy which is not based on fossil fuels.

 

Ann Pettifor is a British economist who advises governments and organisations. Her work focuses on the global financial system, sovereign debt restructuring, international finance and sustainable development. She was one of the leaders of the Jubilee 2000 debt cancellation campaign and is a member of the Green New Deal Group of economists, environmentalists and entrepreneurs actively working to shift the world away from fossil fuels. Her latest book is The Case for the Green New Deal.

 

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