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Jacobin Radio

Behind the News: Free Market Isn't Free

Jacobin Radio

Jacobin

Socialism, History, News, Left, Jacobin, Alternative, Socialist, Politics

4.71.5K Ratings

🗓️ 29 August 2018

⏱️ 52 minutes

🧾️ Download transcript

Summary

Rob Larson, author of Capitalism vs. Freedom, explores how the “free market” is a realm of unfreedom, and Keith Gessen discusses his new novel about contemporary Russia, A Terrible Country.

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Transcript

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0:00.0

The Oh, Hello and welcome to Behind the News. My name is Doug Henwood. Two guests today.

0:37.0

First, the Economist Rob Larson will talk about capitalism, freedom, competition, monopoly, and

0:41.8

teaching in a community college, and then Keith Gessen will talk

0:45.1

about contemporary Russia through the lens of its new novel, a terrible country.

0:49.8

According to our most prestigious right-wing ideologist, capitalism is inseparable from freedom.

0:53.8

Milton Freeman wrote a very effective polemic with that as a theme, and

0:57.4

Friedrich Hayek famously argued that if you step in the freedom of capitalists

1:01.4

you've launched yourself down the road to serfdom.

1:04.3

But really how free does capitalism make us?

1:07.4

What do we mean when we talk about freedom anyway?

1:10.0

These are some of the issues that Rob Larson addresses in Capitalism versus Freedom, the Toll Road to Serfdom, just published by Zero Books.

1:17.0

Larson also teaches economics at Tacoma Community College in Washington.

1:21.0

Rob Larson.

1:22.0

Your subtitle is quite amusing, but it alludes to something serious.

1:26.0

The Toll Road to Serfdom.

1:28.0

Tell us about that.

1:29.0

When you come up as a young economist, or just any young person in school.

1:34.4

When you get into any kind of political debate very quickly,

1:37.8

you'll be handed or referred to some of these hoary right-wing classics, you know, and there's Milton Friedman's book,

1:45.2

and the one the subtitles referring to is of course Frederick Hayek's memorable

1:50.0

road to serfdom about how all these New Deal and European Social Democrat

1:55.3

programs are going to eventually form a government tyranny over us and so on.

...

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