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.
Austerity
Michael Hudson – Rescuing the Banks Instead of the Economy
2018 marks the 10th anniversary of the stock market crash of 2008; the current financial malaise is the result of the bank bailouts, not the crash; an over-indebted economy cannot be saved unless the banks […]
Economics
David Harvey – Totality and Capital
In this episode, David Harvey tackles the question of the relationship between cultural transformations and economic transformations and the roles technology and the nature play in relationship to our mental conceptions of the world. Listen […]
Finance
Gary Younge – Black Lives Matter & The Question of Violence
“Riots are often justified, what’s the French Revolution but a riot blessed by history”
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