2023 Crisis is the new normal w/ James Meadway

Politics Theory Other

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4.8 • 551 Ratings

🗓️ 10 January 2023

⏱️ 47 minutes

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Summary

James Meadway returns to discuss his predictions for the world economy in the year ahead, and why the notion of the polycrisis - while in some ways useful - fails to reckon with the fact that in a world of increasingly frequent severe weather events, climate disasters, and greater interstate rivalry, the notion of any kind of time-bounded crisis is increasingly at odds with reality. We talked about the prospect of debt defaults in the global south, why mainstream economics is failing to factor the deteriorating ecosphere into its modelling, and finally we talked about the UK and the question as to whether or not the country is now in a unique moment of economic decline.

Transcript

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0:00.0	The first cut on this record has been cross-format focused for Airplay success.
0:05.0	The men beat on their drums. I'm going to be. I'm going to I'm going to
0:21.6	I'm going to
0:23.6	the Hello and welcome to another episode of Politics Theory Other.
0:49.4	My name is Alex Doherty and my guest today is James Medway.
0:53.0	We spoke about James's predictions for the world
0:55.1	economy in the year ahead and why the notion of the poly crisis, while in some ways useful,
1:00.5	fails to reckon with the fact that in a world of increasingly frequent severe weather events,
1:05.1	climate disasters and greater interstate rivalry, the notion of any kind of time-bounded crisis
1:10.2	is increasingly at odds with reality.
1:12.7	We talked about the prospect of debt defaults in the global south, why mainstream economics
1:17.1	is failing to factor the deteriorating ecosphere into its modelling, and finally we talked about
1:22.2	the UK and the question as to whether or not the country is now in a unique moment of economic decline.
1:28.9	James Medway is an economist and director of the Progressive Economy Forum. He's a former
1:33.6	advisor to the then-Shadow Chancellor John McDonnell, and his writing has appeared in The Guardian,
1:38.7	The New Statesman, Tribune magazine, and Open Democracy, amongst other venues. He's also the host of Macrodose, a new weekly
1:46.6	economics podcast, which you can listen to here on PTO. Do also check out their website for extra content
1:53.4	and exclusive interviews. If you'd like to hear the extended 70-minute version of today's episode,
1:59.6	then please consider becoming a £3
2:01.8	£3 supporter of the show on Patreon. You can get access to extended versions of this and other
2:06.8	PTO episodes at patreon.com forward slash poll theory other.
2:14.5	So James, you've recently outlined some of what you consider to be the greatest threats
	...

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