4.2 • 970 Ratings
🗓️ 12 October 2022
⏱️ 51 minutes
🧾️ Download transcript
Part three of our epic (and expanding) examination of the coming sovereign debt crisis with Sean and Derick. In this episode, we focus in on Europe, Italy and Great Britain in particular. What were the contradictions that were papered over in the 2008 financial crisis and the 2010 Eurozone debt crisis? How have various ruling classes tried to cope with secular stagnation of the economy? Will the post-fascist turn be able to overcome the crisis? Could the dying center left do any better? All this and many sidebars/parentheses within!
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Song: Lou Reed - The Debt I Owe (Woody Guthrie cover)
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| 0:00.0 | Every day, several times a day, my thought comes over me. |
| 0:07.8 | I owe more debts than I ever can pay back |
| 0:11.4 | more money than I'll never see. |
| 0:15.0 | I walk around the streets of Coney Island. |
| 0:19.0 | I look through the windows of every store. I peep through the hallways and the doorways and I think |
| 0:27.3 | of this debt I owe I peep through the hallways and the door is and I think of the step I owe. |
| 0:37.0 | I feel like a piece of crust wreckage, some smashed car in a salvage yard, |
| 0:47.0 | a vision of an old newspaper blown across an old Navy yard a curbsone chipped and beaten a piece of gun stuck |
| 1:00.1 | to a shoe |
| 1:06.0 | Empty pack of used matches |
| 1:09.0 | empty version of you |
| 1:17.0 | an empty pack of views match is an empty version of view. Welcome to diving into the wreckage. |
| 1:25.0 | Episode 6-3. |
| 1:27.0 | This is going to be a hard numerical system because we work following one episode. |
| 1:32.0 | We lay our episodes by topic and this topic is going to be like I don't know it may end up being 20 |
| 1:36.8 | fucking episodes. 6.25 is coming down the pipe man. I mean this is what happens when you take on such a broad topic such as debt crises. |
| 1:46.6 | We got two in and I think the last one we took a little sidebar because we spoke about the kind of prehistory of this which |
| 1:55.6 | is to say the neoliberal turn and what debt crises had to do with that we've obviously talked |
| 2:00.3 | a lot about or you've critiqued a lot of the MMT sort of takes on this because you can't really |
| 2:06.3 | discuss this without talking about money and currency. We've talked a lot about the |
| 2:10.8 | geopolitics of this and today I think we're going to do a kind of newsy update |
| 2:16.0 | slash as always I think in every single one of these sub- episode parts we're going to try to look at some trends try to understand where things are |
... |
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