Neoliberalism’s sleight of hand

Make Me Smart

Marketplace

Business, News

4.6 • 5.5K Ratings

🗓️ 22 May 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the last 50 years, an ideology known as neoliberalism has transformed the American economy — for better or worse. The concept is often associated with Ronald Reagan, free markets and deregulation. But legal scholar Mehrsa Baradaran says there’s a lot we get wrong about the origins of neoliberalism and its true impact on society. On the show today, Baradaran, author of the new book “The Quiet Coup: Neoliberalism and the Looting of America,” explains what neoliberal ideology promised to do for the American economy, what it actually did and why she believes that looking to the free market might, ironically, be the only way forward.

Then, why actress Scarlett Johansson isn’t cool with OpenAI’s new chatbot. And we’ll hear the sounds of cicadas!

Here’s everything we talked about today:

“Opinion | The Neoliberal Looting of America” from The New York Times
“What is neoliberalism? A political scientist explains the use and evolution of the term” from The Conversation
“Opinion | Time is up for neoliberals” from The Washington Post
“Learning how to use AI could boost your pay by 25%, study finds” from CNN Business
“Scarlett Johansson says OpenAI chatbot voice ‘eerily similar’ to hers” from Reuters

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:00.0	Do you ever wonder what's happening behind the scenes of the multi trillion dollar fashion industry?
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0:23.7	Director Switcheroos to M&A drama, DTC Downfalls, and Met Gala Mishaps.
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0:59.0	That is Green Light.com slash Million. Hello everyone, I'm Kimberly Adams.
1:04.0	Welcome back to Make me Smart,
1:12.0	where none of us is as smart as all of us.
1:15.7	And I'm Samantha Fields in for Ky Rizdahl.
1:18.4	It is Tuesday, which means it's time to dive deep into a single topic. Today we're talking about neoliberalism
1:25.0	an ideology that has shaped our economy, our laws, and our politics.
1:29.0	For better or worse, It gets associated neoliberalism with free market capitalism, deregulation,
	...

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