Jayati Ghosh

Economic experts and historians discuss the origins of capitalism, from colonial conquest to the privatization of land in Europe. Topics include the Atlantic Slave Trade, racial capitalism, and peasant uprisings against forced land separation.

Richard Wolff, an economist renowned for his critiques of capitalism, discusses the perilous connection between economic distress and the rise of fascism, drawing lessons from Germany's post-WWI collapse. Jayati Ghosh, a development economist, highlights rampant corporate profiteering driving inflation and the dire effects on developing nations. David Dayen, an investigative journalist, sheds light on the baby formula shortage stemming from monopolistic practices and the urgent need for regulatory reforms to prevent future crises.

Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst, dives deep into the fallout of Trump's tariffs, especially on India’s economy. She highlights the severe impact on factory workers, with dramatic drops in exports and rising layoffs, particularly in textiles and jewelry. Ghosh points out how erratic tariffs create uncertainty for consumers and manufacturers alike. She also discusses the need for India to rethink its trade strategy and warns that consumers will eventually feel the pinch of these tariffs.