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
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PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities.
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