The Progressive

James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs and a professorship in Government at The University of Texas at Austin. He was executive director of the Joint Economic Committee of the United States Congress in the early 1980s. He chaired the board of Economists for Peace and Security from 1996 to 2016 and directs the University of Texas Inequality Project. He is a managing editor of Structural Change and Economic Dynamics.

From 1993 to 1997 Galbraith served as chief technical adviser for macroeconomic reform to the State Planning Commission of the People's Republic of China. In 2010, he was elected to the Accademia Nazionale dei Lincei. In 2014 he was co-winner of the Leontief Prize for Advancing the Frontiers of Economics. In 2020 he received the Veblen-Commons Award of the Association for Evolutionary Economics. He holds degrees from Harvard University (AB, magna cum laude), in economics from Yale University (M.A., M.Phil, Ph.D.), and academic honors from universities in Ecuador, France and the Russian Federation. He is a Marshall Scholar, a life member of the Council on Foreign Relations and the Texas Philosophical Society, and a member of the Free Economic Society, an organization of economists in Russia, chartered by Catherine the Great in 1765.

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% 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.  

Best,

Lev

This podcast focuses on development politics at the United Nations, particularly the period of the so-called New International Economic Order (NIEO) in the 1970s. The NIEO was an effort by Third World countries to pursue a reform agenda that combined global redistribution from North to South with state-led developmentalism at the national level. By revisiting this fascinating and tumultuous period in the global political economy, Bair aims to re-centre the role of Southern states in debates about globalization, human rights and inequality.

Jennifer Bair is Professor of Sociology and Department Chair at The University of Virginia

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How should we understand the history of post-war Britain? In The Welfare State Generation Women, Agency and Class in Britain since 1945 (Bloomsbury, 2022), Eve Worth, a Research Fellow on the Changing Elites project in the Department of Social Policy and Intervention at the University of Oxford, explores this question by foregrounding the lives of women who grew up, worked, and retired as the first ‘welfare state generation’. The book uses oral history methods to tease out the changing role and changing experiences of the welfare state, along with the role of women in working in and administering that welfare state. It thinks through the sense of autonomy and control, as well as changing perceptions of class identity and feminism, in the lives of women, and thus tells a new story of post-war British history. The book speaks to a huge range of academic audiences and is also essential reading for anyone interested in the history of Britain.

Dave O'Brien is Professor of Cultural and Creative Industries, at the University of Sheffield.

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Guest: Iain Davis. We talk about his article titled: "Technocracy: The Operating System For The New International Rules-Based Order." We discuss the western international rules-based order vs a new international laws based order proposed by China and Russia and the governing mechanism of global technocracy. We also talk about global stakeholders, public-private partnerships, UN sustainable development goals, Agenda 21 and Agenda 2030 and more. In a bonus segment we speculate about the likelihood that a world war would advance the goals of global technocracy and whether that's the situation we are in right now.

Iain Davis is an independent investigative journalist based in the UK. His focus is upon widening readers awareness of evidence that is not commonly reported by the so-called mainstream media. He writes for the UK Column, Unlimited Hangout and on his blog In This Together. His work has been featured by the Corbett Report, the OffGuardian, Lew-Rockwell, Zero Hedge and other independent news outlets.

FOLLOW Iain on Twitter at @_InThisTogether

Around the Empire aroundtheempire.com is listener supported, independent media.

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Recorded on March 3, 2022. Music by Fluorescent Grey.

Reference Links:

1. Technocracy: The Operating System For The New International Rules-Based Order, Iain Davis, Unlimited Hangout
2. Book: Pseudo Pandemic: New Normal Technocracy, Iain Davis
3. United Nations: Agenda 21
4. United Nations: Transforming our world: the 2030 Agenda for Sustainable Development
5. Book: Tragedy & Hope: A History of the World in Our Time, Carroll Quigley
6. Book: Tragedy and Hope 101: The Illusion of Justice, Freedom, and Democracy, Joseph Plummer
7. Book: Wall Street and the Bolshevik Revolution: The Remarkable True Story of the American Capitalists Who Financed the Russian Communists, Anthony Sutton
8. Book: Wall Street and the Rise of Hitler, Anthony Sutton
9. World Economic Forum
10. The World War I Conspiracy, Corbett Report

In this seminar Associate Professor Jessica Whyte (Scientia Fellow in the School of Humanities and Languages (Philosophy) and the School of Law, University of New South Wales) explores neoliberal ideas of freedom in relation to the notion of sovereignty: the sovereignty of consumers and the sovereignty of the market. The talk is followed by Q&A.

A video version of the seminar is available at https://www.youtube.com/watch?v=Xxg0IRj3qIc&ab_channel=SocialContractResearchNetwork

The seminar took place over Zoom on 17 March 2022, and was hosted by Christopher Watkin (Monash University), as part of the Australian Research Council funded Future Fellowship project "Rewriting the Social Contract: Technology, Ecology, Extremism". This seminar is an initiative of the Social Contract Research Network. To find out more about the SCRN, and to subscribe to email updates, please visit https://www.monash.edu/arts/languages-literatures-cultures-linguistics/social-contract-research-network

To be notified when future seminars, conversations and interviews are uploaded, you can subscribe to this YouTube channel by clicking on this link: https://www.youtube.com/channel/UCq7geWYdmGE3kIcJrw8Ebsw?sub_confirmation=1

In The Profits of Nature: Colonial Development and the Quest for Resources in Nineteenth-Century China (Columbia UP, 2020), Peter Lavelle offers a fascinating narrative history of natural resource development in China during the tumultuous 19th-century. Faced with an unprecedented confluence of natural disasters, wars, rebellions, foreign incursions and social problems, Qing Dynasty officials and elites looked to the natural world as a source of wealth, security and power. Lavelle grounds his narrative in the life and career of Zuo Zongtang (1812-1885), who was an avid student of geography and agricultural sciences, in addition to being one the leading statesmen of his generation. In efforts to rebuild livelihoods, relieve demographic pressures, secure government revenues and expand control over borderland regions, Zuo and his contemporaries harnessed long-standing traditions of knowledge and established new connections between China's borderlands and its eastern regions. What emerges from The Profits of Nature is a fresh and richly detailed chapter in late Qing history, written through the nexus of crisis, Qing colonialism and the environment.

Zachary Lowell holds an MA in global studies from Humboldt-Universtität zu Berlin.

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Guest: Robert Pollin is Distinguished Professor of Economics and Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst. He is author of several books including his latest, Climate Crisis and the Global Green New Deal: The Political Economy of Saving the Planet, co-authored with Noam Chomsky.

Photo by Giovanni Gagliardi on Unsplash

The post Financial Warfare in a Neoliberal World appeared first on KPFA.

Here’s an episode for those Marxists curious about MMT and MMTers curious about Marxism. Steve’s guest is comfortable identifying as both. Tony, better known as 1Dime on social media, believes MMT is not a threat to Marxism because it’s like comparing apples to oranges. They are designed to explain two different things. “Modern Monetary Theory is about understanding monetary operations in a fiat currency world – how things are financed. It's a narrow theory.”

He’s careful about labeling himself, but in the marketplace of ideas, Tony says:

The ontology of Marxism is only part of the picture.

Class struggle is not always vertical. Covid revealed the contradictions within the ruling elite: some capitalists benefited from the pandemic, while others were hurt by it.

MMT’s explanation of the role of taxes gets pushback from some who call themselves socialists. If we don’t need their tax dollars to pay for federal programs, are we letting the rich off the hook? Tony says taxing the rich can be used to reduce inequality, but it doesn’t touch the root of the problem. We’re not going to solve capitalism through taxation.

The interview covers a range of topics, from cryptocurrency to Chris Hedges – all through the double lens of Marxism and MMT.

(If you liked this episode, check out Steve’s interview with Nathan Tankus. It’s from 2017 and still relevant.)

Bio: Tony runs the YouTube channel 1Dime, where he makes leftist video essays and short documentaries that use ideas from Critical Theory, philosophy, and political economy to deconstruct hot socio-political topics. Notable 1Dime videos include "The Deficit Myth: The Biggest Lie in Politics", "The Burnout Society", "Planet of the Robots: Four Futures of Automation", and "The Socialism of Warren Buffett: How the Stock Market Works." He also runs a podcast called 1Dime Radio with similar content in audio form.

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