Jeremy Brecher, a historian and lifelong activist, discusses his book, "The Green New Deal from Below." He highlights the significance of grassroots movements driving climate action alongside social justice. Brecher delves into local initiatives like Boston's Green New Deal, showcasing how communities are creating equitable projects. He emphasizes the need to integrate social justice into climate policies, countering public opposition. Inspiring case studies, like a Native American co-op and innovative partnerships in mining, illustrate ordinary people's impact on sustainable practices.

Benjamin Shestakofsky, Assistant Professor of Sociology at the University of Pennsylvania and author of "Behind the Startup," dives into the intricate world of venture capital. He discusses how investment patterns not only drive innovation in the tech sector but also exacerbate social inequalities. Shestakofsky shares his firsthand insights on the evolving dynamics of work and compensation, as well as the ethical dilemmas tech companies face. His transition from academia to startup life illustrates the complex interplay between technology, labor, and the capitalist landscape.

Larry Alan Busk, a visiting assistant professor and author known for exploring conservative and critical theory intersections, dives deep into the nuances of political philosophy. He discusses how critical theory often mirrors right-wing thought rather than opposing it. The conversation spans the evolution of right-wing ideology, analyzing thinkers like Hayek and Schmitt while questioning beliefs about spontaneous order and rational design. Busk emphasizes the urgent need for critical theory to address modern challenges like climate change, blurring the lines between left and right in today's discourse.

Eric Drott, Associate Professor of Music Theory at the University of Texas at Austin, delves into the complex relationship between streaming music and capitalism. He highlights how streaming services have reshaped music categorization and consumer behavior, often reflecting identity in the digital economy. Drott tackles issues like consumer surveillance, revenue distribution inequities for artists, and the impact of AI-generated music. His analysis pushes us to reconsider the commodification of music and its implications for the future.

J. Mijin Cha, an assistant professor at UC Santa Cruz and expert on just transitions, delves into the urgent shift away from fossil fuels. She discusses the challenges faced by workers in fossil fuel regions and the vital role of equitable planning. The conversation reveals her innovative governance framework, the "Four+ Pillars," to guide just transition policies. Cha highlights contrasting approaches between the Inflation Reduction Act and public utility models, advocating for grassroots involvement and centralized support to ensure a fair transition for all communities.

The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice (Wiley, 2024) describes former CEO of Silicon Valley Bank (SVB) Ken Wilcox's firsthand challenges he encountered in four years “on the ground” trying to establish a joint venture between SVB and the Chinese government to fund local innovation design―and the Chinese Communist Party (CCP) efforts to systematically sabotage the project and steal SVB's business model. This book provides actionable advice drawn from meticulous notes Wilcox took from interviews with people from all walks of Chinese life, including Party and non-Party members, the business elite, and domestic workers.Describing a China he found fascinating and maddeningly complex, this book explores topics including: Difficulties in transplanting SVB's model to China, from misunderstandings about titles and responsibilities to pitched battles over toilet design Ethics and practices widely adopted by Chinese businesses today and why China must be met with realistic expectations Wilcox's own honest missteps and the painfully learned lessons that came afterwards Engrossing, enlightening, and entertaining, The China Business Conundrum: Ensure That "Win-Win" Doesn't Mean Western Companies Lose Twice is an essential cautionary tale and guidebook for anyone seeking to do business in or with China, and an essential first-person account for academics trying to understand China’s unique political economy and development trajectory.Ken Wilcox was the CEO of Silicon Valley Bank (SVB) from 2001 to 2011, then the CEO of SVB’s joint venture with Shanghai Pudong Development Bank (SPDB-SVB) in Shanghai until 2015, followed by four years as its Vice Chairman. He currently serves on the boards of the Asia Society of Northern California, the Asian Art Museum, and UC San Diego’s 21st Century China Center, as well as Columbia Lake Partners, a European venture-debt fund. He is on the Board of Advisors of the Fudan University School of Management in Shanghai and teaches as an Adjunct Professor at U.C. Berkeley.Ken holds a PhD in German from Ohio State University and an MBA from Harvard Business School. He is a former member of the board of directors of the Federal Reserve Bank of San Francisco. He has given numerous speeches in both English and Chinese, published a variety of articles in the banking press, and recently wrote the management book “Leading Through Culture: How Real Leaders Create Cultures That Motivate People to Achieve Great Things” (Waterside Productions, 2020) and its accompanying workbook, “How About You?” (Waterside Productions, 2023). The father of two sons, he lives in San Francisco with his wife, Ruth, and several antique cars.For more of Ken’s insights, follow his substack.Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China’s Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master’s of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy.Lorentzen’s other NBN interviews relating to China’s tech sector include From Click to Boom, on the political economy of e-commerce in China, Trafficking Data, on how Chinese and American firms exploit user data, The Tao of Alibaba, on Alibaba’s business model and organizational culture, Surveillance State, on China’s digital surveillance, Prototype Nation, on the culture and politics of China’s innovation economy. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

International development projects supported by governments of wealthy countries, international financial institutions, and influential NGOs like the Gates Foundation purport to uplift poor or disadvantaged populations through political, economic, and social interventions in these communities. However, practices, policies, and discourses of development also have a darker side: they are both premised on and perpetuate the translation of social difference into deficit, ranking groups according to their perceived ‘stage’ of historical development.My guest today, the political theorist Begüm Adalet, has explored how discourses and practices of development have interacted with political processes of racialization. She also examines how anti-colonial movements can resist racialized development practices by envisioning alternative means of recrafting built environments and the creation of selves. Our interview today focuses on three recent articles that she has published in academic journals: “Agricultural infrastructures: Land, race, and statecraft in Turkey,” Environment and Planning D: Society and Space vol. 40, no. 6 (2022): 975-993 “Infrastructures of Decolonization: Scales of Worldmaking in the Writings of Frantz Fanon,” Political Theory vol. 50, no. 1 (2022): 5-31 “An Empire of Development: American Political Thought in Transnational Perspective,” American Political Science Review (2024) Begüm Adalet is assistant professor in the Department of Government at Cornell University. She is the author of Hotels and Highways: The construction of modernization theory in Cold War Turkey (Stanford, 2018), which I interviewed her about for the New Books Network in 2020. Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

This is the final episode of Cited’s most recent season, Use & Abuse of Economic Expertise, a season that tells stories of the political and scholarly battles behind the economic ideas that shape our world. For a full list of credits, and for the rest of the episodes, visit the series page. They will back with a new season focussed on environmental politics in early 2025, so make sure you are subscribed to the podcast (Apple, Spotify, manual RSS).The MAGA movement scores big wins by taking cheap shots at experts. Now, some worry that Donald Trump could try to oust Federal Reserve Chairman Jerome Powell. The typical centrist position is to defend the supposedly impartial, apolitical expertise of such figures. Yet, we know that is not exactly right either. Is there a better way to imagine a better bank?In our first segment, we speak with Frances Coppala, author of The Case for People's Quantitative Easing. It’s something of a case study in Fed politics, revealing how their decisions post-Global Financial Crisis served the rich, and not working people.Yet, saying that these experts are political does not mean we have to be hyper-partisan reactionary hacks. Instead, democratizing the bank could offer a better way forward. That's according to Annelise Riles, a professor of law and of anthropology, and author of the book Financial Citizenship: Experts, Publics, and the Politics of Central Banking. Riles is also host the Foreign Policy podcast Everyday Ambassador, which its new second season out now. What would democratizing the Fed look like, and would that really counter the powerful financial interests that have so thoroughly captured the institution? Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Mark Blyth, an international economist from Brown University and author of several influential books, dives deep into the clash between green initiatives and carbon assets. He discusses the historical roots of economic inequalities and the political dynamics shaping voter behavior, particularly among the working class. Blyth emphasizes the need for a balance between immediate economic concerns and long-term climate goals. He also explores the impact of global power dynamics on U.S. policies, the disconnection between economic statistics and personal experiences, and the importance of education in this evolving landscape.

Since the global financial crisis that began in 2008, the role of the financial sector in contemporary capitalism has come under increasing scrutiny. In the global North, the expansion of the financial sector over the last 40 years has paralleled a decline in manufacturing employment and an increase in personal indebtedness, giving rise to the perception that speculation and usury have come to replace production as the engine of economic growth. In the global South, financial liberalization has exacerbated long-standing patterns of boom-and-bust cycles, and the growth of the financial sector has caused anxieties that speculative investments in natural resource extraction, urban real estate, and rural farm land are dispossessing and displacing people rather than improving human development. Overall, the growth of the financial sector has created the perception that we’re entering a new phase in capitalism’s history in which speculation and rent-seeking have displaced production as the engines of economic growth.My guest today, the political economist Nick Bernards, challenges this narrative. In his new book, Fictions of Financialization: Rethinking Speculation, Exploitation and Twenty-First Century Capitalism (Pluto Press, 2024), Bernards argues that we need to re-center labor in narratives about the expansion of finance, that speculation and the subsumption of nature are always central to capitalism, and that major private-sector financial institutions have actually been reluctant to invest in major development projects in the global south. The main problem with the growth of finance is that it makes more exploitation, displacement, and environmental damage – in short, more capitalism – possible.Nick Bernards is Associate Professor of Global Sustainable Development at the University of Warwick. He is the author of A Critical History of Poverty Finance (Pluto, 2022) and The Global Governance of Precarity (Routledge, 2018). Learn more about your ad choices. Visit megaphone.fm/adchoicesSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics