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Austerity: Guardian of Capitalism

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Manage episode 516779504 series 2457681
Content provided by KPFA.org - KPFA 94.1 Berkeley, CA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by KPFA.org - KPFA 94.1 Berkeley, CA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Capitalism by its nature produces crises and, for the last century, states have responded by imposing austerity measures on the public. Governments claim it’s a bitter but necessary medicine to set economies back on track. But economist Clara Mattei argues that austerity is actually a bludgeon to entrench elite power and repress workers’ aspirations for a more egalitarian society. She looks at its origins — and that of modern economics — during the greatest existential threat to the Western capitalist order.

Clara E. Mattei, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism University of Chicago Press, 2022

Forum for Real Economic Emancipation

Photo credit of Athens protest: Kotsolis

The post Austerity: Guardian of Capitalism appeared first on KPFA.

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70 episodes

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Manage episode 516779504 series 2457681
Content provided by KPFA.org - KPFA 94.1 Berkeley, CA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by KPFA.org - KPFA 94.1 Berkeley, CA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Capitalism by its nature produces crises and, for the last century, states have responded by imposing austerity measures on the public. Governments claim it’s a bitter but necessary medicine to set economies back on track. But economist Clara Mattei argues that austerity is actually a bludgeon to entrench elite power and repress workers’ aspirations for a more egalitarian society. She looks at its origins — and that of modern economics — during the greatest existential threat to the Western capitalist order.

Clara E. Mattei, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism University of Chicago Press, 2022

Forum for Real Economic Emancipation

Photo credit of Athens protest: Kotsolis

The post Austerity: Guardian of Capitalism appeared first on KPFA.

  continue reading

70 episodes

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