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Jacobin Radio

The Vast Majority: Financialized Capitalism and Prime Minister Jeremy Corbyn?? with Grace Blakeley

Jacobin Radio

Jacobin

Politics, History, News

4.71.6K Ratings

🗓️ 14 November 2019

⏱️ 40 minutes

🧾️ Download transcript

Summary

Two of the most pressing questions facing humanity are as follows: 1. What exactly has changed and what has stayed the same about the global capitalist economy in the 21st century? 2. Are we gonna have a Prime Minister Jezza in the UK before Christmas?
Micah posed these questions and others to Grace Blakeley, a socialist economist, economics commentator at the New Statesman, and research fellow at the Institute of Public Policy Research (IPPR). She's also the author of a new book, Stolen: How to Save the World from Financialization.
She came through Chicago on the American leg of her book tour, and sat down for a discussion about the book and UK politics in front of an audience at Volumes Bookcafe.
Thanks to Volumes for hosting the event. You can buy Grace's book Stolen: How to Save the World from Financialization here: https://repeaterbooks.<wbr />com/product/stolen-how-to-<wbr />save-the-world-from-<wbr />financialisation/

Transcript

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0:00.0

Hello welcome to the vast majority. I'm Jackman Managing Editor Micah

0:05.7

Eutricht. I am recording this episode in the midst of a loud bookstore

0:10.6

after an event we just did with Grace Blakely an economist from the UK who was a member of the

0:16.0

Labor Party and who just wrote a new book called Stolen How to Save the World from Financialization

0:22.3

at an event at volume's book cafe in Chicago.

0:25.5

We talked to her about the book, about the forthcoming election in the UK and how we can

0:31.4

build solidarity across the Atlantic between the rising left in the

0:36.0

United States and the rising left in the United Kingdom.

0:39.5

So here's my conversation with Grace

0:44.3

let's let's start with just before we get into the sort of current

0:48.3

with just before we get into the sort of current event stuff that's going on in the UK. There's an

0:55.1

election that we're going to be talking about. There's the absolute boy himself

0:59.4

Jeza who we're getting into. But your book is called Stolen, how to save the world from financialization, and in the book you sort of lay out what financialization is, and that has a really strong impact on sort of what the labor party is going to do,

1:17.8

what we in the US as a rising socialist left here are going to do.

1:22.8

So let's just start with that basic idea.

1:25.0

What is this financialization

1:27.3

that you write about in the book?

1:29.5

How has it played out in the UK and also here in the United States.

1:33.4

Yeah, so thanks so much everyone

1:35.2

for coming out on a Saturday night to listen to me.

1:37.8

What is financialization?

1:39.5

The technical definition is the increasing role

...

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