Topic: Economics

[ Episode #40 // Corporate Influence ]

Apr 30 2012

Mini Episode

The logic of neoliberalism behind our economic model is fading as its fundamental conclusions about human nature are reaching an extreme. As global economies continue to reveal numbers indicating a spiraling trend of contraction in manufacturing and economic growth, corporations maintain enough power over our societies to stay afloat. Though we are influenced by the corporate mindset from the moment we enter the school system as children, can we find alternatives to corporate control of our education, media and health?

In Extraenvironmentalist #40 we speak with Joel Bakan about how the dystopian possibilities imagined by his film The Corporation have become a reality. Joel describes the reasons why neoliberalism can be appealing to us even though it is based on a limited understanding of human potential. We ask Joel about his recent book Childhood Under Siege, where he describes corporate influence on children through education and the modern medical system. Next, we talk with Laurette Lynn of Unplugged Mom Radio [a the 67' mark] about how the best option for educating our children may be for parents to take their kids out of the school system entirely to learn critical thinking skills. Then, we talk to The PPL [at the 102' mark] about how they are taking media out of the hand of major corporations for the 2012 Democratic National Convention so that citizen journalists who understand the magnitude of today's challenges can ask tough questions. Last of all, Seth and I discuss our upcoming coverage of the Montreal Degrowth Conference.

If you are interested in hearing more about our thoughts on education and society give our interview a listen on the Unplugged Mom show with Laurette Lynn.


 

// Music (in order of appearance)
Bibio - Lovers' Carvings (Bruno Be & Eddie M Remix) via The Music Ninja
 Bonobo - All In Forms (Letherette Remix) via This is Real Music
 Beach Boys - Wouldn't It Be Nice (St Etienne Cover) via Soundcloud
 Arcade Fire - Neighborhood #1 (Ane Brun Cover) via It's a Trap
 Kings of Leon - Use Somebody (RAC Remix) via Soundcloud
Foxes - Youth (Adventure Club Remix) via Skeetbeatz

// Extended Clips (in order of appearance)
[First Break] - 15'
A Selection of Clips from The Corporation Film
Pink Slime + BP Corexit
[Second Break] - 45'
Montreal Student Protests
Global Youth Unemployment
Italy Youth Unemployment Reaches Over 30%
Clip from upcoming XE interview with University of Victoria professor Michael M'Gonigle
[End]
J. Krishnamurti Speaks on Education

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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 #38 // Hard Times ]

Mar 17 2012

Mini Episode

Debt is placing a stranglehold on the global economy, restricting the ability for growth to occur at a rate fast enough to prevent the monetary system from unraveling. To delay a massive deleveraging, governments are turning on the central bank taps to fill the system with liquidity. With severe structural issues that continue to avoid inclusion in the political discourse, can ordinary people prepare to maintain control over their assets to ensure success of future decentralization initiatives? How is preparing for this world different for our generation than for our parents?

In Extraenvironmentalist #38 we talk about living in hard times with Nicole Foss of The Automatic Earth. Nicole tells us about the Canadian housing bubble and why the initial collapse might just be faster than the one America experienced in 2005. Seth and I ask about what life was like in the Great Depression and how the process of labor exploitation may continue into the near future. We ask Nicole if misunderstandings about economic collapse could have us preparing for the wrong thing.

Also, we get to meet our blog editor Louisa Clarence-Smith who tells us about WWOOFing and her experiences working on farms in Scotland and Italy.

For more from The Automatic Earth, check out our interview with TAE writer Ashvin Pandurangi back in XE #13.


 

// Music (in order of appearance)
St. Lucia - All Eyes on You via Soundcloud
Cody ChestnuTT - Under the Spell of the Handout via Indieshuffle
Phil Collins - In The Air Tonight (Cosmo Black Remix)  via Hard Candy
Alpine - Hands (Goldroom Remix) via Fader
ANDREYA TRIANA – Lost Where I Belong (Banks Remix) via Aerial Noise

// Extended Clips (in order of appearance)
[First Break]
Sunshine and Eclipse
Rioting Across America During the Great Depression
Stories From the Great Depression
[Second Break]
Making a Difference: Rebuilding From a Tornado
 Bill McKibben: Rebuilding Community
[End]
Jiddu Krishnamurti - Fear

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[ Extra // Sacred Economics Film Premiere Q+A ]

Mar 4 2012

Mini Episode

After you watch the new Sacred Economics film, tune in for our discussion with filmmaker Ian McKenzie and Charles Eisenstein.

In this special Extraenvironmentalist we speak with Ian McKenzie and Charles Eisenstein about their new short film based on Charles' book Sacred Economics. If you've been thinking about discussing Extraenvironmentalist topics with a family member or close friend, we highly recommend sending them this succinct and moving video summary of the ideas Charles presents in his recent book. We hosted this discussion on our Livestream page and would love to take more suggestions for live events.

Follow Ian McKenzie on Twitter and stay tuned to his work as he moves forward with his next feature documentary project Occupy Love.

You can find our past episodes with Charles Eisenstein at #25 and #33.

 

 

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[ Episode #34 // Why America Failed ]

Jan 19 2012

Mini Episode

Twilight is on the horizon for American culture. After spreading an ideology of endless economic growth around the world, the definition of modernity has been defined by the United States. American values are now written into the cultural textbook for nations across the globe. Now that America is failing, what does it feel like to look back and what did we achieve? Was the collapse written in the opening chapters? What if our technological legacy comes with a terrible dark side?

In Extraenvironmentalist #34 we speak with author and historian Morris Berman about his recent look back at the history of American values as chronicled in the book Why America Failed. We ask Morris why American culture has dominated the globe despite so many dark aspects within its technology and values. Our discussion covers the ways in which people can seek meaningful lives as part of a counterculture and why our ideologies of technology and infinite growth were born on the landscape of an endless frontier. Is there a way to avoid the culture of hustling by channeling the alternative values that have arisen from those discontented by capitalism? Is it best just to become an expat?

Check out the new Extraenvironmentalist blog edited by Louisa, the newest member of our team.


 

// Music (in order of appearance)
Marvin Gaye - Sunny (Mercury II Edit) via Pigeons and Planes
FM Belfast - American  via Iceland Music Maffia
Electric Guest - This Head I Hold via Blahblahblahblahscience
Cheerleader - Do What You Want via Turntable Kitchen
Buddy Holly - Slippin' and Slidin' (Jacques Renault Remix) via RCRDLBL

// Extended Clips (in order of appearance)
Chris Hedges - Brace Yourself for America's Collapse
Detroit Savaged by Economic Problems
America's New Poor
Judge Napolitano
Frank Zappa on Schools
Ray Kurzweil on Technology
Kevin Kelly on Technology
Terence McKenna on Western Civilization
Jiddhu Krishnamurti - Why Do We Live With Stress

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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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[ Episode #29 // Creating Wealth ]

Nov 22 2011

Mini Episode

Occupy Wall Street has directed our attention to the extreme concentration of wealth resulting from decades of policy designed to trickle down prosperity. Through using a single type of bank debt currency, we allocate our labor and resources to benefit a global elite instead of our communities. Can we engage our local leaders and municipal governments to break this currency monoculture? Can global examples of currency ecology provide a map for improving educational experiences, enhancing the arts and building resilience to the fragility of central bank finance mechanisms?

In Extraenvironmentalist #29 we speak with Gwendolyn Hallsmith and Bernard Lietaer about Creating Wealth: Growing Local Economies with Local Currencies, their recent book on how to implement complimentary currency systems while creating intentional cities with money ecosystems. We cover examples of complimentary currencies in Brazil (saber), the United States (time banking), Switzerland (WIR), Belgium, Lithuania and Uruguay (C3) to demonstrate how alternative forms of money can help to enhance our education, business and sense of community. Could the WIR be the reason for Switzerland's stability? Are there ways to retool education funding that could help us realize our dreams?

Note: Justin's poor understanding of French led to him mis-speaking Bernard's last name, it should be said Liet-ya instead of Liet-air


 

// Music (in order of appearance)
John Lee Hooker - (Money) That's What I Want
The J's - The Sound of Money via WFMU's Beware of the Blog
Sharon Jones - Money via This is Real Music
The Drums - Money (Chad Valley Remix) via Niteversions
Mr. Little Jeans - The Suburbs (Cry Wolf Remix) via The Music Ninja

// Extended Clips (in order of appearance)
Debt Diets and Riots: Euro Lose Lose via RT
Greeks Abandon Cash Resort to Bartering via RT
Annie Leonard - Story of Broke
Enslaved to banks US students drawn to join Occupy
Chris Hedges Speaking at OWS

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[ Episode #28 // At Growth’s End ]

Nov 10 2011

Mini Episode

European economies are teetering on the brink of collapse as low rates of GDP growth are no longer able to justify continued investments in piles of debt. On the other side of the Atlantic, the United States is struggling to acknowledge its ever larger ranks of underemployed and unemployed while managing the world's largest national debt. Now that the American debt to GDP ratio has surpassed 100% can the nation ever return to a state of stability? Is this just a prolonged recession or has our system of economic growth suddenly and radically changed forever?

In Extraenvironmentalist #28 we speak with Richard Heinberg about his most recent book The End of Growth which uses data on global economies and international energy supplies to argue that the paradigm of economic growth has ended forever. Richard says that while our economies will still grow in the future, they'll be constrained to lower and lower rates of growth that won't be able to support money systems and financial obligations. If the global economy follows a prolonged period of contraction driven by depleted energy availability, what will this do to our notions of technology and society? We discuss how global contraction will impact trends of specialization, urbanization and wealth accumulation. Seth and I ask if the end of economic growth has to be fraught with strife or if life after growth can lead to a richer existence.


 

// Music (in order of appearance)
Navet - Leave and Let Go (Niva Remix) via Niva Bandcamp
Bill Cagle and the Spirit of '68 - The Other Ninety Nine  via WFMU's Beware of the Blog
Washed Out - Call it Off  via Pretty Much Amazing
Death Cab for Cutie - Codes and Keys (Yeasaer Remix) via Stereogum
Camo & Crooked - James Bond Theme (Official Rework) via The Music Ninja

// Extended Clips (in order of appearance)
Oakland Revolt: Occupy Cop Crackdown via RT
Oakland-DC-NYC: Occupy dot-to-dot to make big picture via RT
Robert Newman's History of Oil
David Suzuki speaking at the University of British Columbia Chan Centre on November 3rd, 2011

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[ Episode #26 // The Four Horsemen ]

Oct 22 2011

Mini Episode

Is capitalism failing or is it producing an intended outcome? There are a group of people privy to the internal mechanisms of our global economic rationale who are willing to share a vision of how the system really works. Though their original intent was to serve what appeared to be a beautiful machinery of supply and demand, they soon realized how greatly the assumptions of our economy are disconnected from reality. Is economics labeled as the dismal science only because of the way we currently practice it?

In Extraenvironmentalist #26 we speak with Ross Ashcroft about his upcoming film The Four Horsemen which explains how the world really works through interviews with 23 of our planet's leading alternative economists, Wall Street insiders and economic thinkers. Ross describes how his desire to become a farmer led him to understand the problems of international finance and how a career in the film industry provided the catalyst to create a documentary about the global economic system. Ross talks about what he learned from interviewing such a well accomplished group of economic experts and what it was like to be in the same room, talking one-on-one with Noam Chomsky. Will our economy collapse because it is being orchestrated to do so or will finance fall apart because it is based on junk science?


 

// Music (in order of appearance)
TV Girl - Benny and the Jets via Break on a Cloud
Penguin Prison - Don't Fuck With My Money via Hard Candy
Charles Bradley - The World (Is Going Up in Flames) via Quit Mumbling
Shotgun Radio - A Bad Place ft. Mimi Page (Minnesota Remix) via Big Green Beats
Lana Del Rey - Blue Jeans (PatrickReza Dubstep Remix) via Movements and Nonsense

// Extended Clips
Tarek El Diwany on Financial Fallout via Renegade Economist
US Jobless Epidemic Masked by Statistical Shenanigans via RT
USA Might Face a Potentially Violent Revolution via RT
Elizabeth Warren on Fair Taxation via American Spectator

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[ Episode #20 // Debt Unmasked ]

Aug 9 2011

Mini Episode

Rapidly rising and falling global markets are throwing the world into turmoil. The instability our societies were supposed to control has risen to the forefront. Will the incredible debt piles sitting underneath the flags of Western economies rip social fabrics into fits of unrest like the current riots in London? Before the first major financial shock of the Great Contraction in 2007, the US Government ran an annual budget deficit of only $200 billion per year. During the economic stagnation of years since that deficit is now at $1.4 trillion and quickly rising with more economic decline on the way. What happens when interest payments on this debt overtake federal income in the next few years? Are we all satisfied with sacrificing for an economic system that merely reinforces the status quo of power and greed?

In Extraenvironmentalist #20 we speak with economist Manfred Max-Neef about his career in economics during which he created development models based on fundamental human needs as opposed to power and greed. Manfred recently published Economics Unmasked: From Power and Greed to Compassion and the Common Good which leads us to discuss how universities are failing in their ability distribute a model of the world that can provide for human needs during and after the failure of capitalism. We discuss Manfred's concern that the US is sitting on a ticking time bomb of civil unrest as economic circumstances become rapidly more dire for its inhabitants. How can the American public recognize the possibilities of a debt collapse the rest of the world is actively discussing if our media is steering the collective conversation towards trivia? After we decide to put off a bank run for now, machines end up declaring their intention for the American Presidency in 2012, though with a terrible record of job creation.


 

// Music (in order of appearance)
Gauntlet Hair - Top Bunk via The Music Ninja
Yin Yang Twins - Shake (Celebration Mash Up) via Youtube
M83 - Midnight City (Christian Strobe Remix) via Too Many Sebastians
Vacationer - Trip via Everybody Taste
Aloe Blacc - I Need A Dollar (Cee-Roo Mix) via SoundCloud
Star Wars - Imperial March (TA Dubstep Mix) via Youtube

// Extended Clips
Who Killed Economic Growth? via @postcarbon

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[ Episode #19 // Crash Course ]

Jul 27 2011

Mini Episode

The debt crisis engulfing American political discourse is just the realization of a financial and economic reality that has been playing out for several years resulting from decades of economic policy. Now that the unsustainable nature of our national economy can no longer be ignored how will ordinary people in the United States handle such an awakening? Does this divergence from consumption, saving for retirement and planning to buy a house present a unique chance for our generation to have a new definition of what constitutes a meaningful life? Even if the US avoids default in the next few months, are we just postponing a larger crisis down the road?

In Extraenvironmentalist #19 we speak with Chris Martenson about The Crash Course, his video series that introduces the economic, energy and environmental challenges of the near future. Chris has also just released The Crash Course as a book that comprehensively details the core issues facing our planet and modern industrial economies. We talk with Chris about his transition from medical researcher and corporate executive into sustainability advocate and economic journalist. Our discussion covers his predictions for the currently unfolding debt crisis in Washington, DC that threatens to bring America to default and the ability for our generation to take advantage of the numerous opportunities we'll be presented with in the tumultuous times ahead. All while Seth enjoys a delicious garden fresh tomato.

 

// Music (in order of appearance)
Gramatik - Moar Jive via The Music Ninja
John Denver - Country Roads (Pretty Lights Remix) via Sunset in the Rear View
Note: we think it's so nice we used it twice; as it's also in #18
Widowspeak - Wicked Game (Chris Isaak Cover) via IndieShuffle

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