Topic: Austerity

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[ Episode #52 // Market Monsters ]

Oct 28 2012

Mini Episode

The monstrosity of capitalism gains new strength as political leaders fight for a return to growth by dissecting society. Though many nations are rising up against the monetary elite, most North Americans are still zombified. Could some of our monster stories describe the feeling of living in a capitalist system? Will the failure of capitalism lead to a zombie apocalypse or a zombie uprising?

In Extraenvironmentalist #52 David McNally joins us for our 2012 Halloween Special to talk about his recent book, Monsters of the Market. David describes how Frankenstein's Monster, vampires and zombies might be metaphors for the monstrosity of the system that has become more apparent since the 2008 Global Financial Crisis started. Is capital itself a vampire? Then, KMO joins us to further detail the zombie narrative and to recommend some films for this Halloween season. Last of all, we make a big announcement.

You can find our previous interview with David McNally in XE #30 and KMO in XE #3.

Also, You can find David's recent article on the zombie apocalypse in Jacobin.

// Music (in order of appearance)

Michael Jackson - Thriller (DJ Ottobot Remix) via Soundcloud
Dead Man's Bones - My Body's a Zombie for You via Soundcloud
Kay Starr - Headless Horseman via Covering the Mouse
Kirby Krackle - Zombie Apocalypse via Youtube
Andrew Gold - Thank You For Being a Friend (Teenager Cover) via Soundcloud
The Rolling Stones - Sympathy for the Devil (Allure Remix) via Earmilk

// Extended Clips (in order of appearance)

[Break] - 36m
Clips from Frankenstein (1931)
Cops petrol bombed as Greeks fume at new €10 bln cuts call
'Germany enforces same austerity that paved way to Third Reich'
EU Facing Complete Collapse
Taming the Vampire Squid

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[ Episode #50 // Markets By Other Means ]

Oct 1 2012

Mini Episode

Developed nations find themselves stuck in economic quicksand as the status quo is maintained through debts on sovereign balance sheets. Over the last few decades of rapid economic expansion, each country bet on the continued story of globalization that narrates Tom Friedman's dreams each night. As the developing world sees our folly, will they choose a different path? Do their informal markets signal a true alternative to centrally planned economies? Or is the System D economy a symptom of complexity collapse in a world where seven billion humans are fighting for basic necessities?

In Extraenvironmentalist #50, Robert Neuwirth tells us how supply meets demand in the informal markets employing as many as 2/3 of the world's population. Does this System D economy provide the blueprint for an economic system that could exist in developed nations as governments breakdown from debt overhangs and peak complexity? Robert tells us about his journeys through the global trade networks of System D as he wrote the Stealth of Nations in Paraguay, Nigeria, China and more. Then, international business man of mystery Simon Black [1h 11m] joins us to talk about his travels to as many as 60 nations each year. He updates us on the breakdown of Europe and the United States while describing the economic optimism he's seeing in Africa, Southeast Asia and South America. Last of all, John Michael Greer [2h 03m] takes a break from his hiatus on The Archdruid Report to answer your questions.

You can follow Robert's writings online @robertneuwirth and his blogs on Squatter Cities and the System D economy.

// Music (in order of appearance)

Civil Twilight - River (Ra Ra Riot Remix) via The Music Ninja
Bob Seger - Night Moves (Niko Pusch Bootleg Remix) via Soundcloud
Michael Jackson - We're Almost There (DJ Spinna Remix) via Et Musique Pour Tous
Elle Goulding - Anything Could Happen (Blood Diamonds Remix) via Salacious Sound
Van She - Idea of Happiness (Robotaki Remix) via Too Many Sebastians

// Extended Clips (in order of appearance)

[Break] - 30m
Robert Neuwirth reads fromThe Stealth of Nations

// Production Credits
Kevin via Sustainable Guidance Youtube Channel
Chris Hehn // Graphics Work

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[ Episode #39 // Debunking Economics ]

Apr 22 2012

Mini Episode

Roughly 90% of the world's economics professionals failed to see the current economic crisis forming on the horizon of the early 21st century. Many of them are now striving for stability through policies of refinancing and quantitative easing. While this class of economic thinkers have driven the planet's policies for decades, their faulty logic is being exposed by structurally high unemployment and failing banks. Ben Bernanke and Mario Draghi are using central bank policies to prop up a system that's imploding due to heavy debt burdens by using national deficits for attempts to accelerate private debt accumulation once again. Could one of the few economists that predicted the current financial crash outline a path forward for educating the next round of economists while providing an alternative to austerity?

In Extraenvironmentalist #39 we speak with Steve Keen about how neoclassical economics controls the ways our governments think. Steve draws on themes from the second edition of his book that exposes neoclassical economics and its faulty logic, Debunking Economics. In the first half of the interview, we draw on a technical understanding of where neoclassical economics has gone wrong and where the economies of the Eurozone are headed through following the path of austerity. In the second half, we talk about modern debt jubilees and retooling economics education. After which, Jennifer Baichwal joins us at the 95' mark to talk about her newest film, Payback, based on Margaret Atwood's book about debt and debtor relationships. Last of all, Seth and I recall our recent gig at Jackson Hole.


 

// Music (in order of appearance)
Vacationer - Good as New via The Swill Merchants
Niia - Mad World via The Music Ninja
Mark Foster, Kimbra, A-Trak - Warrior via Hard Candy
Dragonette - Let It Go (The Knocks Remix) via KickKickSnare
Ibrahim Ferrer - Ay Candela (Henry Krinkle Remix) via International Beat Forum

// Extended Clips (in order of appearance)
[First Break] - 35'40"
Austerity Suicides
Greeks in Despair
This is War: Italy Burns Paintings to Protest Austerity
Greek Town Develops Alternative Currency
[Second Break] - 67'40"
Bernanke Impresses Students at GWU
Steve Keen on Ponzi Schemes
Krugman Knocked Out of Neoclassical Orbit by Steve Keen
[End]
Michael Hudson - INET Talk on the Politics and Economics of Restructuring

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[ Episode #30 // Austerity + Hope ]

Dec 2 2011

Mini Episode

Through the transfer of private debt to balance sheets of governments around the world, we've entered an age of austerity where citizens are experiencing drastic cuts to basic necessities. Civil unrest has resulted from people demanding that corporate greed should be punished instead of individuals. As the Occupy movement reaches a transition point, have we witnessed the spark of global anti-captialist movement or has it just been a brief glimpse of the anger developed from decades of economic injustice? Are there true reasons for hope with an increasing number of youth facing diminished opportunities for participating in the promises that capitalist markets once offered? Is this truly a turning point in history? If so, what does it mean to live in the midst of a global revolution?

In Extraenvironmentalist #30 we speak with David McNally about themes from his book Global Slump: The Economics and Politics of Crisis and Resistance, that draw on examples of successful populist uprisings around the world to demonstrate that in the Western world we too have options for resisting the tyranny of an age of austerity. We discuss the natural evolution of the Occupy movement and the potential to ensure that the movement grows while keeping food on the table and meaningful work available for the unemployed. Have elites secretly been preparing for unrest as they use taxpayers to bail out an unsustainable industry built on the pipe dream of perpetual growth? Are youth willing to accept their role as movement builders instead of iPhone owners?


 

 

// Music (in order of appearance)
Pretty Lights - Finally Moving via Et Musique Pour Tous
Hezekiah Jenkins - The Panic is On  via Ghostcapital
Makana - We Are The Many
Connor Youngblood - Will You Be There (Michael Jackson Cover) via Pigeons and Planes
Aarab Muzik - Let it Go via SkeetBeatz

// Extended Clips (in order of appearance)
America's New Poor Fending for Food Stamps
 Doug Stanhope - Fear in the US News Media
 Steve Keen on BBC Hardtalk
 WBEZ on Oligarchy: How the Super Rich Defend Their Wealth
 Public Sector Workers Strike in the UK

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