John Maynard Keynes, a pioneering economist, is the guest, known for reshaping modern economic theory. The discussion dives into the evolution of activism, contrasting traditional and modern approaches, especially in light of social media. They explore capitalism's complex relationship with climate change and the challenges of ESG investments. The conversation also touches on cosmopolitanism versus nationalism, questioning the effectiveness of global governance in a world dominated by nation-state power.
The podcast explores the complex relationship between capitalism and climate change, questioning the effectiveness of ESG investing amidst rising fossil fuel profitability.
It critiques the United Nations' limitations in challenging nation-state power dynamics, highlighting the need for revolutionary movements within modern neoliberalism.
Deep dives
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Reflecting on Climate and Activism
The discussion emphasizes the complexities surrounding climate activism and the effectiveness of different strategies in addressing climate change. One highlight is the conversation around whether democracy can adequately tackle climate issues, with insights into personal definitions of activism shaped by historical contexts. Furthermore, there's a focus on the evolution of the term 'activist' from its roots in chemistry to its modern political implications, illustrating how perceptions shift over time. This explores the various ways individuals engage with climate issues, from grassroots movements to more institutionalized efforts, while acknowledging the challenges faced by activists today.
The Role of Capitalism in Solving Climate Change
The podcast scrutinizes the relationship between capitalism and its ability to effectively address climate change, particularly through the lens of Environmental, Social, and Governance (ESG) investing. While there was optimism in the past about capitalism helping foster climate-friendly investments, recent trends indicate a troubling resurgence in fossil fuel profitability, raising questions about the sustainability of such investments. It highlights that simply offloading polluting assets often results in weaker entities taking these on, not necessarily fostering accountability or progress. The conversation challenges the notion that capitalism is inherently capable of leading the way to decarbonization, urging deeper reflection on the systemic issues at play.
Exploring Cosmopolitanism in Global Governance
The episode critically examines the United Nations' role in promoting cosmopolitan ideals while highlighting the constraints that come with it. The UN, seen as the epitome of global cooperation, is critiqued for its inability to effectively challenge the power dynamics of nation-states or to act as a revolutionary force. The conversation references Frederick Jameson’s themes on radical political movements and the potential need for a nation to serve as a vehicle for meaningful progress. There is also a proposition that modern neoliberalism, while cosmopolitan in a sense, often perpetuates hierarchies of power and neglects the genuine inclusivity necessary for a truly equitable global society.
Adam and Cameron taped this episode in front of a live audience at the Caveat Theater in New York City. They talk about the life and ideas of economist John Maynard Keynes.