Macro N Cheese

Steve’s guest, Dr. Jason Hickel, is an economic anthropologist whose research focuses on global inequality, political economy, post-development and ecological economics. After listening to this episode, “degrowth” will become part of your vocabulary. For MMTers, it is a natural fit. Before unpacking the implications of degrowth, we need to understand how the language of growth has served to justify the exploitative ravages of capitalism and, to paraphrase Lenin, its highest stage – imperialism. Jason tracks inequality between the global South and North from the industrial revolution and the colonial era to the present day. You don’t need to be an economic historian to see that growth in the north relied on forms of appropriation from the south. As Marx pointed out in the 19th century, price inequalities are not natural; they are induced through geopolitical and commercial power. So in the colonial era, of course, you drove down wages by enclosing Commons and dispossessing people and destroying subsistence