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Pitchfork Economics with Nick Hanauer

How Economists Invented Austerity and Paved the Way to Fascism (with Clara Mattei)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 12 December 2023

⏱️ 47 minutes

🧾️ Download transcript

Summary

We already know that many mainstream economists advocate against the economic interests of the majority of working Americans and for the benefit of a tiny handful of super-rich people and corporations. But Clara Mattei argues that economists are actually guilty of something even more insidious: By promoting austerity measures that destabilize working people and consolidate wealth and power at the very top of the income scale, economists have created the perfect conditions for fascism to take root around the world. Is it too late to rebuild our democratic institutions through a new economic understanding? Clara Mattei is a distinguished academic in the field of economics and an Associate Professor of Economics at The New School for Social Research in New York City. Her research examines the history of capitalism, exploring the critical relationship between economic ideas and technocratic policymaking. She’s the author of the book, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism. Twitter: @claraemattei The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism https://press.uchicago.edu/ucp/books/book/chicago/C/bo181707138.html Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

The economists that we're going to interview today, Clara Mate.

0:06.3

She's got this great new book out called Capital Order, how economists invented austerity

0:10.4

and paved the way to fascism.

0:11.8

The project is to look at history

0:14.8

in order to get a better grasp of what is happening around us.

0:19.0

And a key word to understand what is happening around us

0:21.8

is indeed austerity.

0:23.3

When we are talking about trickle economics,

0:25.5

she's talking about austerity.

0:27.0

I guess we'll get into that.

0:32.3

From the home offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics,

0:38.0

with Nick Hanauer, the best place to get the truth about who gets what and why.

0:45.0

I'm Nick Hanauer, founder of Civic Ventures.

0:51.0

I'm David Goldstein, Senior Fellow at Civic Ventures.

1:00.0

You know, Nick, we've been, I've been having to get up really early to do these podcasts recently,

1:06.8

because the past couple months, you've been in London, which is eight hours ahead.

1:11.8

So as an employee employee as a wage

1:14.4

earner you have compelled me to get up early and do my work.

1:19.8

You've had to get up at 830 in the morning.

1:24.0

Just, well, it's so exploitive.

1:27.5

I agree. I just, it's just so horrible.

1:30.9

You're exploiting, you're exploiting me to because you know I need this I need this job so I can pay for my dogs kibble and

...

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