Professor Mark Blyth and Professor Adam Tooze explore how coronavirus is laying bare the hidden risks embedded within our financial systems and how central banks worldwide are scrambling to paper over those chasms of danger. To them, it seems that the Federal Reserve has rewritten its remit, and they discuss how rather than try and keep prices stable or keep unemployment low, the sole focus of the Fed right now seems to be supporting asset prices at any cost, even if that means bailing out leveraged entities who took on too much risk. They also discuss Europe and how this crisis is heightening the contradictions within the Eurozone and pushing the European banking system to the brink. Filmed on April 22, 2020.
Climate Crisis
Thomas Fazi – Concepts for a modern economic policy
Talk by Thomas Fazi talk about the failures of European economic policy making and possible ways out of it.
Deregulation
Steve Keen, Phil Dobbie – Is it time to revert to more state ownership?
It’s a question being asked more and more. How many of the things that we privatised should be brought back under state control, as energy companies record massive profits, yet those on low incomes are […]
Economics
Ben Wray – Technofeudalism, by Yanis Varoufakis: Book Review
Greece’s former finance minister, Yanis Varoufakis, argues in TechnoFeudalism that capitalism no longer exists, having been destroyed by capital itself. The largest companies now control us through their ownership of our personal data, putting democracy […]
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