Why Nobody Talks Class Anymore - Dr. William F. Mitchell, University of Newcastle, #309

Professor Bill Mitchell is an economist at the University of
Newcastle. In addition to being one of the founding figures of
Modern Monetary Theory, Mitchell has also been preoccupied by the
interplay of culture and economics that led to the death of the
left over the course of the last fifty years. We sit down with
him to trace the economic transformations that gradually eroded
class consciousness and replaced it with divisive identity
politics, the role of shadowy thinktank money in the
transformation, and to understand qui bono from the complete
absence of a salient leftist critique of the modern day.
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(00:00 Intro (00:07:08) Postmodernism & the 1960s (00:10:15)
Economic and Intellectual Divide (00:14:16) Global Economic
Turbulence (00:21:24) Transformations in Economic Systems
(00:25:29) Left vs. Right Economic Ideologies (00:28:06) The Role
of Government During Economic Downturns (00:35:04) The Shift from
Keynesianism to Monetarism (00:44:28) The Influence of Corporate
Power and Think Tanks (00:52:21) Neoliberalism and the Spread of
American Economic Ideals (00:58:27) Value of Work and Leisure in
Economic Thought (01:05:00) Middle-Class Seduction (01:08:59)
Impact of Austerity on Society (01:15:26) State's Role in
Economic Inequality (01:21:02) Monetarist Influence on Public
Perception (01:25:49) Economic Misconceptions (01:27:10) Modern
Monetary Theory Explained (01:33:11) Government Spending &
Corruption (01:51:18) Broken, Hollow Political Systems (01:59:01)
Narrative Construction #WealthInequality, #EconomicHistory,
#PoliticalEconomy, #ModernMonetaryTheory, #KeynesianEconomics,
#MonetaryPolicy, #Neoliberalism, #EconomicInequality,
#FiscalPolicy, #EconomicTheories, #BrettonWoods, #GlobalEconomy,
#Austerity, #EconomicSystems, #PublicSpending, , #DebtEconomy,
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