…by Sam Seder of Majority Report Radio: The Majority Reporters
The Book Bench: Why I Signed the Occupy Writers Petition : The New Yorker My Keynesian hunch about the current economic troubles is that when wealth is too much concentrated in the hands of people who don’t need to spend it, it stops circulating. I suspect that America spent its way out of the structurally similar Great Depression of the nineteen-thirties through a campaign of wealth redistribution that lasted decades—the government hired soldiers, gave college educations to veterans, granted pensions to senior citizens, and went to war on poverty—and that the transfer laid the groundwork for… Read More
A reminder—I’m part of a panel organized by the excellent posse at Jacobin on Occupy Wall Street, along with Jodi Dean, Malcolm Harris, Natasha Lennard, and Chris Maisano. Bluestockings 172 Allen St (Stanton–Rivington) Manhattan 7 PM Likely to be crowded, and Bluestockings is small—so get there early!
I’m going to be on Al Jazeera English around 9 AM New York time discussing Obama’s jobs plan, such as it is. Watch here.
A reminder: my chat with David Graeber about his new book, Book TV this weekend: Saturday, September 3rd at 12pm (ET) Saturday, September 3rd at 7pm (ET) Monday, September 5th at 7am (ET)
My interview of/conversation with David Graeber about his book Debt: The First 5,000 Years will be on C-SPAN 2’s BookTV on Saturday, September 3 at noon and 7 PM and again on Monday, September 5, at 7 AM. Here’s the C-SPAN page: Debt: The First 5,000 Years – Book TV.
In a recent talk he gave in Canada (Public Education Under Massive Corporate Assault), Noam Chomsky cites my LBO piece on the costs of college, and how easy it would be to make higher ed free in the USA: Now that’s one important way to implement the policy of indoctrination of the young. People who are in a debt trap have very few options. Now that is true of social control generally; that is also a regular feature of international policy — those of you who study the IMF and the World Bank and… Read More
Listen to me and a non-frothing right-winger (ah, Canadians, so temperate!): The Sunday Edition. “To help us unpack all that, I am joined this morning by two seasoned observers of matters fiscal and economic. In Ottawa, Jack Mintz, former chairman and chief executive of the C.D. Howe Institute and currently the Palmer Chair in Public Policy at the University of Calgary. And in New York, Doug Henwood, editor and publisher of the Left Business Observer.”
Freshly posted to my radio archives: July 23, 2011 James Galbraith on deficit hysteria and the single-volume collection of four books by his father, John Kenneth Galbraith, published by the Library of Amerca July 16, 2011 Amber Hollibaugh, interim director of Queers for Economic Justice, on the limits of same-sex marriage (see here for more) • Jeff Madrick, author of The Age of Greed, on the emergence of today’s icky economic order July 2, 2011 Christian Parenti, author of Tropic of Chaos, talks about the effects of climate change amidst state collapse, plentiful weaponry, and neoliberalism
Krugman discovers rentier interests—finally. Only my version is better. Me, in Wall Street, 1996: [B]ehind the abstraction known as “the markets” lurks a set of institutions designed to maximize the wealth and power of the most privileged group of people in the world, the creditor–rentier class of the First World and their junior partners in the Third. Paul Krugman, today: I was originally going to end this post by saying something about stupidity, but that’s not right: the people at the BIS aren’t stupid. What’s going on here is something different and worse: we’re… Read More
I break into the big time! My antidote to deficit hysteria is up on CNN.com: What fiscal emergency?
I’ve just posted the latest in a series of pieces on education that I’ve been doing for LBO. This one is a review of how the U.S. stacks up internationally on spending, enrollment, attainment: “In and out of school.” Capsule summary: we spend lots of money, but enrollment and attainment numbers are mediocre. It’s kind of like our health care system. We pay our teachers badly, don’t reward experience, and prefer spending money on things rather than people. Earlier education pieces: “Charter to nowhere” and “Beastly numbers ”(how poverty explains test scores). Reminder: this… Read More
Does Paul Krugman crib his columns from LBO? Judge for yourself.
Freshly posted to the LBO website, five articles from recent issues. If you’d been a subscriber, you’d have seen these already—and a lot more. But it’s never too late to sign up, if you haven’t already: LBO subscription info. The articles: Beastly numbers How do you explain educational outcomes? Poverty, mostly. What a damn mess Just how bad does this economy suck? Real bad. 2009: income down, poverty up, more uninsured income & poverty in the U.S. Charter to nowhere Do charter schools work, and if so, for whom? Old world, new crisis The EU melodrama