It’s an understatement to say the world is in turmoil. Riots and protests have broken out in Europe. War rages in Ukraine and the Middle East. Incumbent governments are being booted left and right. Numerous countries are backsliding into authoritarianism.
None of this is surprising, according to Isabella Weber, an economist at the University of Massachusetts Amherst. In her new book – Anti-Fascist Economics: In Defense of Affordability, Dignity, and Democracy – she lays out how we got here.
In a nutshell, traditional neoliberalist economics that encourage market concentration and political subordination to those markets means economies are no longer working for the average person. This is a dangerous development, because it pushes people to extremist solutions.
Weber joins the Do Not Pass Go podcast to discuss where we’re at, and more importantly, how to course correct so that markets can once again work for people, rather than the other way around.
For more on her book, click here.
