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Pitchfork Economics with Nick Hanauer

How neoliberalism happened (with George Monbiot and Binyamin Appelbaum)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 12 April 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

It’s trendy to mock the malicious pervasiveness of neoliberalism now, but have you ever wondered what its origins are? This week, George Monbiot and Binyamin Appelbaum join the show to uncover just where the dominant economic theory of our time came from and how it took hold. This episode was originally recorded and released in October 2019. George Monbiot writes a weekly column for The Guardian and is the author of a number of books, most recently ‘Out of the Wreckage: A New Politics for an Age of Crisis’. As an investigative journalist and self-described “professional troublemaker,” George uncovers the complicated truths behind the world’s most persistent problems. Twitter: @GeorgeMonbiot Binyamin Appelbaum writes about economics and business for the editorial page of The New York Times. From 2010 to 2019, he was a Washington correspondent for the Times, covering economic policy in the aftermath of the 2008 crisis. His new book, ‘The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society’ is a Wall Street Journal Business Bestseller. Twitter: @BCAppelbaum Further reading: Out of the Wreckage: https://www.indiebound.org/book/9781786632890 The Economists’ Hour: https://www.indiebound.org/book/9780316512329 Neoliberalism - the ideology at the root of all our problems: https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot Games Economists Play: http://bostonreview.net/class-inequality/marshall-steinbaum-games-economists-play Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

Hi, I'm Ashley, one of the producers here at Pitchfork Economics.

0:03.6

If you've ever been curious about the origins of neoliberalism, something that you hear

0:08.1

about a lot on the podcast, well then this is the episode for you.

0:12.5

Originally released back in October of 2019, features conversations with both George

0:17.8

Monbio and Benjamin Applebaum as they help us uncover where the dominant economic theory

0:23.6

of our time came from and how it managed to take hold.

0:30.0

The cleverest trick the devil ever faced is pretending he doesn't exist.

0:34.6

This is what neoliberalism has done.

0:37.2

The rise of inequality has happened in large parts simply because we weren't trying to prevent it.

0:42.2

If you can persuade people that it's just a description of reality, that is a very powerful

0:47.4

way of getting people to comply with the circumstances that you create for them.

1:00.8

From the home offices of civic ventures in downtown Seattle, this is Pitchfork Economics,

1:05.8

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

1:16.9

I'm Nick Hanauer, founder of Civic Ventures.

1:19.8

I'm David Goldstein, senior fellow at Civic Ventures.

1:28.2

So Nick, in your recent TED talk, you used the word neoliberalism a lot and this was a

1:34.3

point of contention.

1:35.3

We kept removing that word from your speech and you kept putting that word back in.

1:41.2

Why was it so important?

1:42.6

We have to find a way to describe what we're pushing off against.

1:48.2

If you can't fight something unless you can name it and neoliberalism as imperfect a word

1:55.4

as it is is the best thing we've been able to come up with to describe where economic

...

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