Macro N Cheese

Ep 320 - Breaking Out The Master's Tools with Michael McCarthy

Informações:

Synopsis

**Every Tuesday night, we gather online to listen to the episode and discuss it among friends. Everyone is invited to this community building event. Bring your insights and questions. REGISTER HERE for Tuesday, March 25th, 8 pm ET/5 pm PTSteve’s guest is Michael McCarthy, author of 'The Master's Tools: How Finance Wrecked Democracy and a Radical Plan to Rebuild It.' They explore McCarthy's analysis of financialization as a deliberate class project to dismantle working-class power and exacerbate inequality.They look at the historical shift from a robust Social Security system to a privatized, financialized pension system as well as the rise of neoliberal policies post-1970s, facilitated by monetary policy changes (anybody remember the gold standard?)  The conversation goes into the failure of both traditional and direct democracies to serve the working class.The episode also weaves through MMT perspectives and the impact of government policies. They touch on the potential of public banking and democratiz