The case for a True New Deal (with Bharat Ramamurti)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 12 January 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a recent report, The Roosevelt Institute called for a new set of policies to mitigate the economic suffering caused by the pandemic. Taken all together, these policies are as sweeping as the New Deal was—but unlike the New Deal, they’re truly representative of America’s race, class, and gender diversity. Attorney Bharat Ramamurti, the incoming Deputy Director of the Biden administration’s National Economic Council and a co-author of the report, joins Nick and Goldy to make the case for a True New Deal. Bharat Ramamurti is the incoming Deputy Director of the National Economic Council. At the time of our interview, he was the managing director of the Corporate Power Program at the Roosevelt Institute and a member of the COVID-19 Congressional Oversight Commission. He was previously an economic advisor to Senator Elizabeth Warren. Twitter: @BharatRamamurti Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics A True New Deal: https://rooseveltinstitute.org/publications/true-new-deal-for-the-covid-19-era/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	Hey gang, since we recorded this conversation, our guest, Barat Ramamirti, has been appointed
0:06.3	by the Biden administration to be the deputy director of the National Economic Council,
0:11.6	which is super cool.
0:13.8	And I wanted to give you that update so you know,
0:16.4	as you listen to this episode, you're listening to the new administration
0:20.4	and congratulations to Rot, so let's get to it.
0:24.0	Today we get to talk to one of the authors of Roosevelt's
0:29.0	True New Deal.
0:31.0	The idea behind the True New Deal is essentially let's reconceive of the rules of our economy
0:36.1	and then swing the pendulum back that we've seen basically since the Reagan era where there's been a smaller and
0:41.2	smaller role for government.
0:42.8	It is a very comprehensive proposal.
0:45.9	It is and we're going to cover it all in 30 minutes.
0:50.3	Well I think we'll cover some of it. From the home offices of Civic Ventures in downtown Seattle,
1:00.0	this is Pitch Fork Economics, with Nick Hanauerauer the best place to get the truth
1:04.7	about who gets what and why.
1:08.6	I'm Nick Henauer, founder of Civic Ventures.
1:16.0	I'm David Goldstein, Senior Fellow at Civic Ventures.
1:20.0	So Goldie today we get to talk to a really super interesting person, Barat Ramamirti, who is the managing director of the corporate power program at the Roosevelt Institute and is one of the authors of Roosevelt's true new deal, which is really exciting and really interesting.
1:44.8	Yeah and they're not using that term lightly.
1:48.3	It is a very comprehensive proposal, you know, just to outline Nick and some of these some of these topics we've talked about before in Holor and Park, but it lists nine essential policies for this true new deal,
2:04.0	cancelling student housing and medical debts,
	...

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