This episode of The Dig is brought to you by our listeners who support us at patreon.com

and by University of California Press, which has loads of great titles perfect for

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Challenging the myths of U.S. history urges readers to question long-held assumptions

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Learn more at UCpress.edu.

Welcome to The Dig, a podcast from Jacobin Magazine.

My name is Daniel Denver, and I'm broadcasting this introduction on the road.

The 1970s New York fiscal crisis and its austere resolution marked a spectacular opening act to the neoliberal counter-revolution in the

United States, smashing the closest thing this country had to a working-class social democracy

and replacing it with the machine for mass-producing real estate hypervaluation. Notably, this

austerity was directly imposed by lifelong New Deal

Democrats, acting in response to sharp constraints imposed from above by the federal government.

This was the bleeding edge of a new regime that would remake the entire American economy

into an engine for the appreciation of assets stretching

from the single-family suburban home to the stock market. That's what I'm discussing in this

two-part interview with Melinda Cooper on her complex and giant book, Counter-Revolution,

...