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Pitchfork Economics with Nick Hanauer

Will bad economics kill the Green New Deal? (with Naomi Klein and J.W. Mason)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 22 October 2019

⏱️ 60 minutes

🧾️ Download transcript

Summary

The only thing holding us back from big, bold, progressive change is ourselves. When critics wonder if we can afford to pay for the Green New Deal, they couch their concerns in the language of neoliberal economics: they say that investing in the middle class, raising wages, and doing too much too quickly will ruin the economy. This week, Naomi Klein and J.W. Mason join us to explain why the economic status quo is the greatest barrier to the Green New Deal becoming a reality, and how we actually can afford to change our economy so drastically. Naomi Klein is an award-winning journalist and New York Times bestselling author. She is Senior Correspondent for The Intercept, a Puffin Writing Fellow at Type Media Center, and the inaugural Gloria Steinem Chair in Media, Culture and Feminist Studies at Rutgers University. Her most recent book, ‘On Fire: The (Burning) Case for a Green New Deal’, published worldwide in September, was an instant New York Times bestseller and a #1 Canadian bestseller. Twitter: @NoamiAKlein J.W. Mason is a Fellow at the Roosevelt Institute, where he works on the Financialization Project, and an assistant professor of economics at John Jay College, CUNY. His current research focuses on the history and political economy of credit, including the evolution of household debt and changing role of financial markets in business investment. He also works on the history of economic thought, particularly the development of macroeconomics over the twentieth century. Twitter: @JWMason1 Further reading and resources: On Fire: https://www.indiebound.org/book/9781982129910 Can We Afford a Green New Deal? http://jwmason.org/slackwire/can-we-afford-a-green-new-deal/ Decarbonizing the US Economy: Pathways Toward a Green New Deal: https://rooseveltinstitute.org/wp-content/uploads/2019/06/Roosevelt-Institute_Green-New-Deal_Digital-Final.pdf A Message from the Future with Alexandria Ocasio-Cortez: https://www.youtube.com/watch?v=d9uTH0iprVQ With a Green New Deal, Here’s What the World Could Look Like for the Next Generation: https://theintercept.com/2018/12/05/green-new-deal-proposal-impacts/

Transcript

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0:00.0

If you're a fan of pitchfork economics, then you'll love another podcast that we've been listening to.

0:04.8

It's called Capital Isn't, and it's about the ways capitalism is and more often isn't working in our world.

0:11.2

They cover everything from debate between shareholders and

0:13.9

stakeholders to the morality of a wealth tax. Capitalism clearly explains

0:17.8

what can go wrong with capitalism and what we can do about it. It's hosted by two

0:21.4

economists Luigi Zingales at the University of Chicago and

0:25.0

Kate Waldock at Georgetown University. They're super entertaining, smart, and funny, so check

0:30.1

out capitalism wherever you get your podcasts.

0:33.0

We don't just have a climate crisis.

0:34.6

We also have a crisis of economic inequality, of racial inequality.

0:39.4

We need to make these deep changes anyway.

0:42.3

Why wouldn't we rebuild in ways that redress these structural

0:47.4

failings?

0:48.4

Economists have this idea that everything is about trade-offs and everything is about decreasing returns.

0:53.1

You know, the more you do with something, the less well it works, the more you do something, the more

0:56.7

expensive it gets, real economies aren't like that.

0:59.9

This is not a contest over facts, really.

1:02.2

It's a contest over facts really it's a contest over power

1:03.2

From the offices of civic ventures in downtown Seattle. This is Pitch Fork Economics with Nick Hanauer.

1:16.1

One American capitalist take on how we got into this mess and how we can get out.

1:21.1

I'm Nick Henauer, founder of Civic Ventures. I'm Jessen Farrell and I'm Senior Vice President

1:30.0

at Civic Ventures and a former state legislator.

...

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