That's a really thorough lecture on how all the capitalist models tried in the last 140 years have worked and failed. 2 short comments though: 1: When he is asked about potential institutional...
That's a really thorough lecture on how all the capitalist models tried in the last 140 years have worked and failed. 2 short comments though:
1: When he is asked about potential institutional damage caused by the populist right he says he is confident it won't be a problem because the US is already basically a plutocracy and talks about how he interviewed people in Turkey and they told him to not put it on the record and he compared it to a US university. To say the least, those are still some damn hot takes.
2: He talks about how ever since the crash of 2008 we're in a transition period but I don't think anyone that has actually been intent in reforming neoliberalism has been elected. Obama certainty wasn't interested in doing it and most of the right-wing populists in power right now are backed by those same big corporations who pushed neoliberalism to begin with so I really don't see how right-wing populism is anything but a xenophobic tweak to the status quo.
This lecture sets out a brief history of two versions of capitalist software. The first drove the capitalist hardware during the period known as the Great Compression—1945 to 1980. The second did the same for the period many refer to as the era of neoliberalism—1980 to 2008. This lecture describes the bug in the system that crashed the first version of the capitalist software and the subsequent design of the neoliberal software. It also describes the bug that led to the 2008 Great Recession, landing us in the current transitional period that we might describe as the era of neonationalism or Global Trumpism. A key idea is that the emergence of contemporary populist politics, both left-wing and right-wing Trumpist variants, are attempts to rewrite the software of capitalism once again.
That's a really thorough lecture on how all the capitalist models tried in the last 140 years have worked and failed. 2 short comments though:
1: When he is asked about potential institutional damage caused by the populist right he says he is confident it won't be a problem because the US is already basically a plutocracy and talks about how he interviewed people in Turkey and they told him to not put it on the record and he compared it to a US university. To say the least, those are still some damn hot takes.
2: He talks about how ever since the crash of 2008 we're in a transition period but I don't think anyone that has actually been intent in reforming neoliberalism has been elected. Obama certainty wasn't interested in doing it and most of the right-wing populists in power right now are backed by those same big corporations who pushed neoliberalism to begin with so I really don't see how right-wing populism is anything but a xenophobic tweak to the status quo.