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Jacobin Radio

Jacobin Radio: James K. Galbraith and Aaron Benanav

Jacobin Radio

Jacobin

News, Politics, History

4.7 β€’ 1.6K Ratings

πŸ—“οΈ 6 April 2020

⏱️ 56 minutes

🧾️ Download transcript

Summary

Suzi talks to James K. Galbraith on the economic policies we need, and Aaron Benanav on the crisis of unemployment. James K Galbraithresponds to the multiple crises and challenges brought by the coronavirus pandemic, laying out the economic policy we need now, and the mobilization necessary to get it. He proposes concrete measures, like a Health Finance Corporation, that could be an efficient one-stop shop for all the resources needed. We ask why the economy as currently organized has been unable to deal with the challenges of the pandemic. Galbraith's watchwords: solidarity, organization, and determination.Aaron Benanav writes about employment, especially the irregular, informal and precarious forms of employment β€” the ones that fall through the large holes in the shredded safety net. His article, β€œCrisis and Recovery” looks at the cataclysmic economic crisis unfolding in tandem with the public health crisis. We get his findings.

Transcript

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0:15.0

This is Jacobin Radio. I'm Susie Wiseman. On today's show we're going to look at the continuing multiple crises and challenges brought by the coronavirus pandemic.

0:20.6

Employment, markets, production, and distribution worldwide are practically at a

0:25.8

standstill and the normal way of doing things through the capitalist market has shown itself

0:31.0

to be incapable of responding adequately to deal with the needs of the

0:35.0

moment to protect the population.

0:37.4

We begin with James K. Galbraith at the University of Texas in Austin.

0:41.7

He has written an article in the nation about the mobilization that must start now,

0:46.9

and we're going to get his views on why the economy as organized now has been unable to sufficiently respond and what concrete measures need to be

0:56.0

taken to meet the challenges from here.

0:59.3

We're then going to talk to Aaron Beninov at the University of Chicago, he writes about employment

1:05.0

and especially the irregular, informal, and precarious forms of employment that

1:09.7

characterize work today.

1:12.0

Aaron has just published an article on the cataclysmic unemployment resulting from the essential

1:17.5

shutdown of the American economy and we'll get his ideas and his findings all this when Jacobin Radio. I'm Susie Weisman.

1:34.0

I'm Susie Weisman and as we continue in our look at what the coronavirus pandemic is doing to all of us and to the economy,

1:42.0

I'm really pleased to have with us James K. Galbraith, he teaches

1:45.9

at the University of Texas in Austin, and he's the author most recently of two books that came

1:52.0

out pretty much at the same time inequality, what

1:54.8

everyone needs to know and the other one is welcome to the poison chalice the

1:59.5

destruction of Greece and the future of Europe and he's also writing pretty much everywhere right now and you can catch his articles in the Guardian at Inet Institute for new economic thinking and the nation and we're going to be talking a little bit about all of them

2:16.4

but especially the article in the nation that is titled the mobilization that must start now

2:26.8

beautifully written article and incredibly practical. So welcome, first of all, Jamie Miguel Brett, to the show.

...

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