Posted by: Doug Henwood | July 17, 2015

Workers: no longer needed?

Paul Mason has a breathless piece in The Guardian making grand New Economy claims that sound like recycled propaganda from the late-1990s—though he gives them a left spin: postmateriality is already liberating us. I wrote a book that was in large part about all that ideological froth, published in 2003, and so far I’ve been struck by the nonrevival of that discourse despite a new tech bubble. Uber and Snapchat don’t excite the same Utopian passions that the initial massification of the web did.

I’ll pass on refuting Mason’s article, because I already did that twelve years ago. But I do want to comment on one point that Mason makes—one that’s ubiquitous in a lot of economic commentary today: capitalists don’t need workers anymore. As he puts it:

Postcapitalism is possible because of three major changes information technology has brought about in the past 25 years. First, it has reduced the need for work, blurred the edges between work and free time and loosened the relationship between work and wages. The coming wave of automation, currently stalled because our social infrastructure cannot bear the consequences, will hugely diminish the amount of work needed – not just to subsist but to provide a decent life for all.

I can’t make sense of the “currently stalled because our social infrastructure cannot bear the consequences”—has capitalism ever skipped an innovation because of its social consequences?—but there’s no evidence that info tech is “hugely diminish[ing] the amount of work needed.” Sure, wages and benefits stink, but that’s about politics and class power, not because of the latest generation of Intel chips or something fresh out of the latest TechCrunch Disrupt.

Expressing this argument in some economically quantifiable way probably means something like “the relation between GDP growth and employment growth has broken down.” If that’s what proponents mean—the presentations are usually light on precision—then it’s just not true.

Graphed below is the yearly growth in employment, and what the growth in employment “should” be based on GDP growth (lagged a quarter). Below it is the difference between the two—a measure of whether actual employment growth is stronger or weaker than the very simple model suggests. Several things stand out:

  • The relationship between GDP growth and employment growth is very tight.
  • It hasn’t gotten any less tight. Employment losses during the Great Recession were greater than the contraction in GDP says they should have been, but not by much, and the model tracks actual results, both down and up, remarkably well.
  • Recent employment growth is stronger than the model suggests it should be. For the first quarter, average U.S. monthly employment gains during the first quarter of 2015 “should” have been 163,000, and not the 253,000 they were.

The yearly growth in U.S. employment, actual and predicted by GDP growth.

Put another way, were IT really making workers less necessary, we should be seeing more productivity growth, and not less. But less is precisely what we’re seeing—as of the first quarter of 2015, trend productivity growth was 0.4%, an all-time low since the series began in 1948, less than a fifth the 1948–2007 average of 2.3%. It’s below the levels of the lamented 1970s productivity slowdown. The only time in recent history where IT appears to have led to an acceleration in productivity growth was the late 1990s, which was the result of increased investment in high-tech equipment. I went into writing After the New Economy thinking that the productivity acceleration was a mirage, but it wasn’t. But then it fell apart, because corporations prefer shoveling out cash to their shareholders to investing it.


Posted by: Doug Henwood | July 9, 2015

Fresh audio product

Just added to my radio archive:

July 9, 2015 Nantina Vgontzas on the domestic politics of the Greek crisis (see her Jacobin pieces here) • Mark Blyth on why it’s wrong to blame Greece for its crisis (Foreign Affairs article here)

July 2, 2015 Alyssa Katz, author of The Influence Machine, on the U.S. Chamber of Commerce • Rafael Bernabe and César Ayala on Puerto Rico’s debt crisis

June 25, 2015 Bruce Bartlett on the relationship between the GOP and the Confederacy • Alex Gourevitch cautions against pushing for tighter gun laws (article here) • Saqib Bhatti on the modern engineered urban fiscal crisis, with emphasis on Chicago

Posted by: Doug Henwood | June 19, 2015

Fresh audio product

Just posted to my radio archive, with minimal delay!

June 18, 2015 Trudy Lieberman, author of this article (behind a paywall, but subscribe to Harper’s, it’s excellent & cheap), on the pitfalls of Obamacare • Leah Gordon, author of From Power to Prejudiceon the transformation of the study of race in the U.S. from the structural/systemic to the individual/psychological

Posted by: Doug Henwood | June 13, 2015

Fresh audio product

I’ve been very delinquent at updating my radio archive. It’s now all up to date. Freshly added:

June 11, 2015 Adolph Reed on the state of the left • Sungur Savran, editor of Red Med, on the Turkish election and challenges to the AKP’s rule

June 4, 2015 Lee Drutman, author of The Business of America Is Lobbyingon the growth and power of lobbying in DC • Josh Bivens on the Fed’s vast asset-purchasing program 

May 28, 2015 Katha Pollitt, author of Proon the importance of legal abortion that’s actually available • Raquel Varela about the dimensions of Portugal’s economic crisis [back after fundraising break—if you like these shows and want to keep them coming, please support KPFA (and mention BtN)]

April 30, 2015 Bruce Dixon on Loretta Lynch and the black misleadership class • Sean Jacobs on anti-immigrant violence in South Africa

April 23, 2015 Micah Uetricht on the consequences of the recent Chicago mayoral election for independent politics over the longer term (article here) • Bill Frelick on the refugee crisis in the Mediterranean

April 16, 2015 Bruce Bartlett talks about supply-side economics yesterday and today (papers here) • Ken Jacobs, author of this article, on public subsidies to low-wage work •  Kevin Alexander Gray, co-editor of Killing Trayvons, on racist police violence [April 9 was a rerun of a show from October]

April 2, 2015 Stacy Philbrick Yadav (lots of articles at that link; also see article here) briefs us on why Yemen is dissolving into violent chaos • Elizabeth Economy on what’s up with the Asian Infrastructure Investment Bank and U.S.–China relations

March 26, 2015 Sam Stein on the reality behind New York City mayor Bill de Blasio’s progressive image • Jodi Dean (review here) on climate politics and the problems with Naomi Klein’s book, This Changes Everything

March 19, 2015 Ryan Grim on the Chicago Housing Authority’s strange cash hoard (article here) • Joel Schalit on the Israeli election

Posted by: Doug Henwood | May 12, 2015

The student debt boom (cont.)

The Federal Reserve Bank of New York is out with it latest household debt report, covering the first quarter of 2015. Its parent in DC, the Federal Reserve Board, publishes lots of similar data, but the New York Fed is the first source to publish rigorous numbers on student debt. The latest report is here; you can get the numbers behind it here.

Since the official end of the Great Recession in June 2009, households have been borrowing very cautiously (how much it’s their decision, their lenders’ decision, or a combination of the two, isn’t fully clear). The glaring exception is student debt. Here are just a few numbers to make the point:

  • Overall household debt peaked in the third quarter of 2008. From that peak, it fell by 12% to a low in the second quarter of 2013 (not adjusted for inflation, like all these figures). But over the same almost-five-year period, student debt rose 63%. Take student debt out of the total, and household debt fell over the same period by 16%. Up 63% vs. down 16% is an enormous difference.
  • From that 2013Q2 low to the latest quarter available, 2015Q1, overall household debt is up by a little over 6%—or 5% if you take out student debt. But student debt is up almost 20%.
  • Since the New York Fed debt numbers began in the third quarter of 2006, nonstudent debt is unchanged: up (or down) exactly 0%. Student debt, however, is up 166%. It’s gone from 4% of total household debt outstanding to 10%.
  • Over the last year, nonstudent debt is up 1%; student debt, 7%. The rate of growth of student debt has slowed—from about 15% a year in 2008 to 7% now. But over the same period, the rate of growth of nonstudent debt has collapsed—from almost 9% to just over 1%. (For comparison, household income is now growing about 2–3% a year.)

There’s a lot of talk about how this rampant growth in student debt is a re-run of the subprime mortgage bubble. That’s not an exact comparison, since most of the debt is ultimately owed to or guaranteed by the federal government, so massive financial collapse is probably not an issue. It is, however, exacting a huge financial and psychological toll on the debtors, who would be having a hard enough time in a rotten economy without having to worry about spending hundreds of dollars a month paying off their education debt (at a time when the pundits counsel education as the only way to survive that rotten economy).

Free tuition K to PhD now!

Posted by: Doug Henwood | April 28, 2015

Varoufakis marginalized?

A follow-up to my last post. I asked Yanis Varoufakis what we should make of talk about Tsipras having marginalized him. His answer: “A first class example of coordinated disinformation at a global scale!”

Posted by: Doug Henwood | April 28, 2015

A coup in Greece?

I emailed Yanis Varoufakis last night and asked how he was holding up. To my surprise, he answered:

“[W]e certainly are facing a coup. The wall of lies is becoming absurdly tall.”

Posted by: Doug Henwood | April 12, 2015

Hillary’s announcement

Good lord, Hillary’s announcement video is appallingly banal. As someone said on my Facebook page, it’s like an old United Colors of Benetton ad. For perspective, here’s Carl Bernstein’s description of Bill’s first inauguration:

Every opportunity was exploited to contrast the egalitarian values and youth of the Clintons with the privileged era of Reagan and Bush, a plutocratic epoch that Hillary, more than Bill, believed was now in final retreat; and to proclaim a transparency in government that would extinguish all vestiges of Nixonian secrecy and paranoia in the White House. The tab for the week of celebration was fit for a pasha, running to more than $25 million, a record unsurpassed until George W. Bush’s $40 million extravaganza in 2000. Most of it was financed by the same kind of special interest and corporate back-scratching that had long paid the bills for Republican presidential campaigns and inaugurations. The new Democratic president seemed to justify it because of the “new direction” of his leadership. The explanation, with its attendant sense of entitlement, sounded positively Hillaryesque. Hillary thought the price in dollars was justified by the all-embracing message of every theme tent on the Mall, including Native American heritage, gay rights, country music, clog dancers, wood choppers, and unionized stevedores.

There was a marching band whose members were all physically disabled; there were 120 men and women carrying an oversized section of the AIDS memorial quilt; there was a float celebrating American family life that included a lesbian couple and two gay men; another featured an Elvis impersonator (and members of the King’s original band). As the twenty-two-unit Lesbian and Gay Bands of America passed the reviewing stand, the new president and vice president each held up three fingers — a sign-language salute to the marchers meaning “I love you.”

Posted by: Doug Henwood | April 2, 2015

Strike Debt & the Corinthian resisters

Someone asked me on Facebook yesterday what I’d written on Strike Debt and I posted some links from this site. One of the Strike Debt organizers, Astra Taylor, wrote me to complain how hard that was to read after all the work she and others have done organizing debt resistance at Corinthian College. She’s right, and I’m sorry to have brought all that up again.

I wrote those critiques of the debt buyback program, which seemed politically murky to me. But the Corinthian actions are totally admirable. Corinthian is a chain of crappy for-profit colleges that fleeced students for debt-financed tuition. It’s winding down now, under federal order. A group of 100 students, organized with the help of Strike Debt, is refusing to pay their federal loans, and are petitioning to have them forgiven because their degrees are worthless. They had a meeting with federal officials on Tuesday, who appear to be taking their position seriously, though we know how the bourgeois state sometimes pretends to listen and then does what it wants.

This is both good for the students and a good way to draw attention to these horrendous commercial colleges, which peddle worthless degrees financed with money borrowed from the government. Thanks to Strike Debt and the Corinthian 100 for getting it going, and I’m sorry I took so long to celebrate it.

Astra sent these links for more info:

Posted by: Doug Henwood | March 13, 2015

Fresh audio product

Now up in my radio archive:

March 12, 2015 Gene Nichol on North Carolina’s war on poor people and on academic freedom • Eilyanna Kaiser and Brendan Michael Conner, respectively co-editor and contributor to $pread: The Best of the Magazine that Illuminated the Sex Industry and Started a Media Revolution, on the perils and delights of running a magazine by and for sex workers

March 5, 2015 Mark Ames, author of this article, tells us who Boris Nemtsov, the dissident shot on the streets of Moscow last week, was • David Kotz, author of The Rise and Fall of Neoliberal Capitalism, talks about the history and structure of the beast

February 26, 2015 James Galbraith on Greece’s deal with its Euromasters • Kenzo Shibata of the Campaign for An Elected, Representative School Board on Rahm Emanuel and Chicago politics

February 19, 2015 Jane McAlevey, author of this article (and this book) on Bruce Rauner’s attack on public sector unions in Illinois and on how labor and the left need a theory of power

back after fundraising break—if you like these shows and want to keep them coming, please support KPFA

Posted by: Doug Henwood | February 9, 2015

The productivity slowdown: Is structural stagnation our fate?

In my widely overlooked book, After the New Economy, I initially took a very skeptical line towards the productivity acceleration of the late 1990s. I dismissed it as temporary and bubble-like, and an artifact of very imperfect measurement. When I wrote a new afterword for the paperback edition, though, I recanted my skepticism: the acceleration seemed to be going on long enough that, as painful as it was to admit, the bourgeois functionaries were right. Robert Solow’s famous 1987 quip, “You can see the computer age everywhere but in the productivity statistics,” had finally been repealed.

I should have stuck to my guns. The productivity acceleration was already losing air as the hardcover version of the book appeared, and was pretty much history by the time the paperback came out in late 2004. And now things look worse than they did during the infamous productivity slowdown of the 1970s and 1980s.

What happened? The consensus of the academic work on the acceleration was that while it took a while to have practical effect, the computer revolution was finally exerting its magic on economic life. The enthusiasm around high tech led to an acceleration in investment, investment that paid off in the form of the productivity acceleration. (It also gave rise to one of the great bubbles of all time, the mania, not to mention a lot of bunkum about the end of recessions and the birth of a new world of flatter hierarchies and meaningful work, but I’ll hold off on the mockery for now.) The unemployment rate got below 4%, and wages grew across the entire distribution, and within every demographic group—until it all came to an end with the bust of 2000–2001.

Here’s a graph that puts the productivity acceleration in perspective.


(The trend line is drawn using a statistical technique called a Hodrick–Prescott filter, which extracts the underlying trend from noisy short-term data.)

Note that during the economic Golden Age—roughly 1950–1973—trend productivity growth averaged 2.8% a year. That sank to 1.5% between 1974 and 1995, then rose to match that 2.8% figure between 1996 and 2005. At the end of last year, trend productivity growth was a dismal 0.6% a year, the worst since these modern numbers began.

What happened? For one, the rise in investment in equipment and software—much of that in information technology (IT)—that drove the late-1990s acceleration went into reverse, as the following graph shows.


The decline came in several phases—a sharp drop after the bubble burst in 2000, which was very partially reversed in the mid-2000s, only to collapse further during the Great Recession. Most of that recent collapse has been retraced, but it’s still below its 2007 peak, which itself was way below the 2000 peak. Recent levels are well below the long-term average shown by the dotted line.

But it’s not just about quantities. A qualitative explanation has just arrived from the Federal Reserve Bank of San Francisco’s frequently-interesting Economic Letter. In it, economist John Fernald and Bing Wang. Their analysis is that “the low-hanging fruit of IT-based innovation had been plucked.” (They’re economists, so they can be forgiven the use of that cliché.) Just as the acceleration of the late 1990s was driven by IT-using and heavy IT-using industrial sectors, the slowdown has been led by those sectors as well. In other words, the magic has gone out of IT.

Though they don’t endorse it explicitly, this sounds reminiscent of the analysis of economist Robert Gordon (as in this paper), who argues that we’ve exhausted the great innovations in info tech, which themselves were rather minor when compared to the achievements of earlier industrial revolutions like the steam engine and the railroad.

Why does this all matter? Productivity growth puts an upper bound on economy-wide income growth. Politics and institutions determine how that growth is distributed—for the last few decades in the U.S., most of those gains have gone to the top tiers. That need not be, if politics and institutions change. Stronger unions, better labor law, and a more civilized welfare state could change how income is distributed. But if productivity growth remains this slow, or picks up to the 1% range that Gordon foresees, then there’s a lot less to (re)distribute. And if this is so, then structural stagnation will long be with us.

Posted by: Doug Henwood | January 30, 2015

Support KPFA! Get Best of Behind the News, vers 6.0!

As I’ve said many times before, I wouldn’t be doing my radio show were it not on KPFA. So if you like Behind the News, support KPFA. And there’s a lot of great stuff on the station during the other 167 hours of the week, too.

You can get a collection of 77 interviews I call the Best of Behind the News, vers 6.0. It includes all 16 of the interviews I’ve done with Yanis Varoufakis. Yeah, of course these are all on the web, but here they are collected in one place, with the added bonus of supporting KPFA. Yours for a contribution of $120.

Here are the interviews, along with the date of original broadcast:

Best of Behind the News, version 6
interviews with Doug Henwood, 2002–2014
* new to BtN 6

 1 Gilbert Achcar (7/11/13)           Egypt's uprisings
 2 Amiri Baraka (1/11/07)             poetry in New Jersey, politics in Newark
 3 Moustafa Bayoumi (8/14/08)         being Arab in the US
 4 Max Blumenthal (11/7/13)           repression and daily life in Israel
 5 Mark Blyth (5/2/13)                austerity: history of a dangerous idea
 6 Ian Bone (3/15/07)                 anarchist organizing and the hideousness of the rich
 7 Dennis Brutus (12/31/09)           poet and activist on South Africa
 8 Darius Charney (8/22/13)           the NYPD's odious stop & frisk policy
 9 George Ciccariello-Maher (3/14/13) Venezuela under Chavez
10 Alexander Cockburn (8/27/11)       on the media and the devolution of politics
11 Stephanie Coontz (1/16/14)         why men need feminism
12 Hamid Dabashi (4/12/07)            history and culture of Iran
13 Jodi Dean (12/18/10)               the political psychology of blogging
14 Mark Dery (5/26/12)                perspectives on pop culture and beheading
15 Mark Dery (6/20/13)                Bowie, glam rock, male sexuality
16 Robert Fatton (1/21/10)            on the history and politics of Haiti
17 Cordelia Fine (11/27/10)           the questionable science of gender
18 Alan Finlayson (6/13/13)           Bonoism
19 Robert Fitch (2/9/06)              corruption and ossification in American unions
20 Adolfo Gilly (3/13/08)             Mexican history, revolutionary pessimism
21 *Dana Goldstein (9/11/14)          the history of education politics in the U.S.
22 Melissa Gira Grant (3/6/14)        sex work as work
23 David Graeber (8/13/11)            money and debt
24 Greg Grandin (3/6/14)              the history behind Melville's Benito Cereno
25 *Kevin Alexander Gray (10/30/14)   racist police and vigilante violence
26 *Margaret Gray (6/19/14)           the exploited workers behind the local food movement
27 Ursula Huws (10/2/03)              work today
28 David Cay Johnston (9/3/11)        how the rich don't pay taxes
29 Terry Kupers (3/28/13)             the psychology of imprisonment
30 Rachel Kushner (6/27/13)           politics, motorcycles, and her novel The Flamethrowers
31 Carrie Lane (4/9/11)               how unemployed tech workers see themselves
32 Anatol Lieven (3/20/14)            Ukraine & Russia
33 Catherine Liu (1/28/12)            education and the bogus politics of “anti-elitism”
34 James Livingston (4/28/12)         the consumer culture as a liberatory thing
35 Kate Losse (4/4/13)                Facebook and Sheryl Sandberg
36 Mariana Mazzucato (8/29/13)        the economic role of the state
37 Terry Moe (5/28/11)                right-wing school “reformer”
38 Bethany Moreton (6/6/09)           religion and Walmart
39 *Naomi Murakawa (8/28/14)          the liberal contribution to mass incarceration
40 Christian Parenti (7/2/11)         climate change, state collapse, war
41 Christian Parenti (1/23/14)        nature, capital, state
42 William Pepper (1/23/03)           MLK assassination
43 Frances Fox Piven (11/19/11)       OWS in the context of social movements
44 Diane Ravitch (4/8/10)             the monstrosities of education reform
45 Sanjay Reddy (9/12/13)             Indian economy
46 Adolph Reed (4/9/11)               politics and race
47 Adolph Reed (2/27/14)              the long sad decline of the American left
48 Corey Robin (10/1/11)              the conservative mind
49 Kshama Sawant (4/24/14)            $15 minimum, how to make radical politics practical
50 Richard Seymour (4/11/13)          Margaret Thatcher
51 Gary Shteyngart (9/23/10)          on his novel Super Sad True Love Story, and American decline
52 Jennifer Silva (11/21/13)          the consciousness of younger working class adults
53 Joseph Stiglitz (8/15/02)          U.S. economy, IMF
54 *Sarah Stillman (6/26/14)          for-profit probation and "offender-funded justice"
55 Matt Taibbi (4/23/11)              where all that Fed bailout money went
56 *Matt Taibbi (5/22/14)             criminalizing the poor while letting bankers run free
57 Gore Vidal (5/16/02)               war on terror
58 *Alex Vitale (8/14/14)             the theory and practice of broken-windows policing
59 Richard Walker (11/13/10)          the wreckage of California
60 Richard Walker (2/20/14)           California's physical and social geography, history, economy, ecology
61 Kathi Weeks (7/18/13)              the problem with work

Yanis Varoufakis package (all new to BtN 6)

    1 12/11/08                        the Greek riots and Greek neoliberalism
    2 10/8/09                         Greek elections and the economy's growing troubles
    3 3/4/10                          the Greek economic crisis (and Germany’s designs)
    4 9/9/10                          fact-checking Michael Lewis on Greece
    5 10/23/10                        the Greek and broader eurozone crises
    6 11/20/10                        a better way to to a Euro-bailout
    7 6/4/11                          updating the crises
    8 8/20/11                         another update as the crises spread westwards
    9 11/12/11                        yet another crisis update
   10 3/3/12                          the Greek debt deal and economic collapse
   11 6/21/12                         the Greek election, German Sturheit
   12 7/5/12                          the economics of gaming
   13 12/27/12                        the perpetual Eurocrisis
   14 3/21/13                         Australia and Cyprus, as well as Greece
   15 5/29/14                         the European elections
   16 11/20/14                        crises—and what Syriza would do with the debt
Posted by: Doug Henwood | January 30, 2015

Varoufakis: “be prepared to blow the whole thing up”

The radio show I just posted consists of excerpts from five interviews I’ve done since 2008 with the Greek economist Yanis Varoufakis, who is now the country’s finance minister. Anyone interested in the strategy that Greece might pursue in negotiations with its creditors should listen.

The show concludes with Varoufakis describing an aggressive negotiating strategy:

[T]o negotiate, to be taken seriously, you have to have a credible threat. You have to be prepared to blow the whole thing up, simply by being intransigent if you’re not taken seriously. So this is my recommendation. Prepare for a very tough, very painful, potentially explosive negotiation.

Posted by: Doug Henwood | January 30, 2015

Fresh audio product

Freshly posted to my radio archive, after too long an interval:

January 29, 2015 Yanis Varoufakis, the Greek economist who’s appeared on this show 16 times since 2008 discussing mainly the Eurocrisis, is now the finance minister of Greece. Here are excerpts from 5 of those interviews. At the very end of this episode, he discusses what Greece’s strategy towards its creditors should be. Tough words, worth checking out. [See next post for an incendiary excerpt.]

January 22, 2015 Priyamvada Gopal, author of this article, on the curious relationship of freedom and unfreedom in Western words and deeds • Maya Schenwar, author of Locked Down, Locked Out, on imprisonment.

January 15, 2015 Lily Geismer, author of Don’t Blame Usdiscusses the evolution of suburban liberalism • Art Goldhammer on French satire and politics in the wake of the Charlie Hebdo massacre

January 8, 2015 Stan Collender on the budget melodramas facing us in Washington this year • David Kotz, author of this article, on about the Russian economic crisis

January 1, 2015 (partial return after fundraising and holiday hiatus) encore presentation of two interviews on policing and prisons:  Alex Vitale on broken windows and the militarization of policing • Naomi Murakawa, author of The First Civil Right, on the underestimated contributions of liberals to mass incarceration (both first broadcast in August)

Note that KPFA is in a fundraiser for the next couple of weeks. I probably won’t be posting a show next week. But if you like Behind the News and want to keep it coming, please contribute! You can get a USB thumb drive with 77 interviews, The Best of Behind the News 6.0, for a pledge of $120. Any amount welcome, of course. Please mention Behind the News if you do contribute.

Posted by: Doug Henwood | January 28, 2015

Yanis Varoufakis: on BtN 16 times!

The new Greek finance minister Yanis Varoufakis has appeared on my radio show 16 times since 2008. Here are links to those appearances, in reverse chronological order:

November 20, 2014 Yanis Varoufakis on the eurocrisis • Howie Hawkins, Green candidate for NYS governor, on the party’s future
May 29, 2014 Yanis Varoufakis on the European elections • Mohamad Elmasry on Egypt
March 21, 2013 Yanis Varoufakis on the economies of Australia, Cyprus, and Greece • Jonathan Westin of Fast Food Forward on organizing fast food workers in NYC
December 27, 2012 Michael Dorsey on the Doha climate conference • Yanis Varoufakison the perpetual Eurocrisis, with an emphasis on Greece
July 5, 2012 Adolph Reed, author of one of the pieces on this Nation thread, on the crisis in labor • Yanis Varoufakis, now economist in residence at Valve Software, talks about the economics of gaming, and the anarcho-syndicalist organization of the firm
June 21, 2012 Yanis Varoufakis, now economist in residence at Valve Software, on the Greek elections and the reasons for German Sturheit • Amber Hollibaugh, co-director of Queers for Economic Justice, and Kenyon Farrow, former director of QEJ, on the New Queer Agenda


March 3, 2012 Trudy Lieberman on health care reform so far • Yanis Varoufakis on the Greek debt deal and economic collapse
November 12, 2011 Yanis Varoufakis on the latest developments in the Eurocrisis • Ramsey Kanaan, co-founder of PM Press, on the theory and practice of anarchism


August 20, 2011 Max Ajl, the Jewbonics blogger, on why Israelis are in the streets and how talk of the Occupation is not welcome • Yanis Varoufakis updates the eurocrisis as it spreads westwards


June 4, 2011 Another Hoover interview: Morris Fiorina on American public opinion and the nonexistence of the “culture war” • And in non-Hoover content, Yanis Varoufakisupdates the Greek and EU crises


November 20, 2010 Monica Potts, author of this article, on (the lack of) green jobs • Yanis Varoufakis, author of this article, on a better way to do a eurozone bailout


October 23, 2010 (KPFA only) Michael Tafton the Irish crisis • Yanis Varoufakis on the Greek and broader eurozone crises


September 9, 2010 Liz McNichol of the Center on Budget and Policy Priorities on the fiscal crisis of the states • Yanis Varoufakis of the University of Athens fact-checks Michael Lewis Vanity Fair article on Greece
March 4, 2010David Cay Johnston on the Austin IRS suicide pilot and how the rich have largely given up on paying taxes • Yanis Varoufakis on the Greek economic crisis (and Germany’s designs)
October 8, 2009 Yanis Varoufakis on the Greek elections and the economy’s troubles • Greg Grandin on the coup in Honduras
December 11, 2008 Charlie Komanoff on a plan to make NYC transit nearly free (by soaking cars) • Yanis Varoufakis on the Greek riots and Greek neoliberalism


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