Episode 184 Promo - The Neoliberalism of It All (w/ Rep. Ro Khanna)
Bad Faith
Bad Faith
4.5 • 2.8K Ratings
🗓️ 13 June 2022
⏱️ 4 minutes
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| 0:00.0 | I think it's about showing that we're using all the levers of government. |
| 0:04.1 | And you know, the critique, I hit a very smart economist call me up and I respect them and they |
| 0:08.9 | said that this is not one of my smarter ideas. And it's because they don't like government |
| 0:13.4 | intervention in the market. They just have a fundamental view that you let the market ride these |
| 0:17.5 | things out. I'm not for price controls, but I do think that the government should be intervening |
| 0:23.1 | in times of national emergency to help working class folks with lowering prices. And I think the |
| 0:27.9 | government should be intervening to bring production back. And that's the fundamental difference |
| 0:32.3 | as I see it between a progressive economic vision that believes in the robust experimental |
| 0:37.8 | use of government to help working class Americans. And neoliberalism, which has you don't |
| 0:42.0 | intervene much when markets. And right now the neoliberalism is winning with first prong of the |
| 0:47.2 | president's outfit is I'm expecting the independence of the fact. I mean, obviously that's written for |
| 0:52.4 | by economists. Does any voters say, Hey, bro, what are you going to do about gas prices? I think |
| 0:58.0 | you should respect the independence of the man. I'm just trying to channel. I mean, what people in |
| 1:02.9 | my constituency are saying. They're saying do something about prices. I think that's right. I am |
| 1:08.0 | curious though. When I spoke to Cory Drill last week, he did also say that some part of the gap |
| 1:15.3 | that we're seeing between the price of oil per barrel and the prices at the palm is because of |
| 1:20.4 | these future markets. So when you talk about addressing the neoliberalism of it all and the ways |
| 1:27.1 | that the profit motive is distorting even the real on the ground oil per barrel prices right now |
| 1:32.5 | for consumers is part of the story that the country has given enormous amount to oil subsidies |
| 1:39.2 | over the years. It has done an enormous amount to bail out these industries over the years. |
| 1:45.4 | And it's now in a position where these industries are seeing massive profits. I think what was |
| 1:49.1 | a $35 million in profits for the top five industries from a recent op-ed. And they're squeezing. They're |
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