A podcast that critically examines the working-class struggle through the lens of MMT or Modern Monetary Theory. Host Steve Grumbine, founder of Real Progressiv...
Running for office is a fool’s errand if you think you can win and radically change the system from within. But an election campaign can serve other purposes for political organizers. A campaign provides a platform, a megaphone... media attention. The process of campaigning puts you in touch with people in the community. As Steve puts it, an election allows you to “build coalitions and radicalize people.” Jen Perelman’s need to run against Debbie Wasserman Schultz was clear: “I knew that we weren't going to win, but we made significant strides in what my bigger mission is. At the end of the day, I just was not going to sit there and let her represent Jewish people and not stand up for Palestine.” Steve has been on Jen’s show, JENerational Change, a number of times, where he has successfully convinced her of the validity and value of MMT. In this interview we get her take-aways from her most recent campaign. She and Steve talk about the popularity of programs that would provide jobs and healthcare. Election results represent the needs of capital, not the public. The conversation also touches on the moral implications of violence and how societal structures perpetuate violence against marginalized groups. Jen Perelman is host of the podcast and YouTube show, JENerational Change. She is a native Floridian and has run against Debbie Wasserman Schultz twice. So far, she has not won in the traditional sense. On Jen’s Linkedin profile, she explains: “From my earliest days of practicing law, I've fought for those who can’t fight for themselves. I've helped the poor & indigent receive proper counsel and helped young women receive a judicial bypass for an onerous process for their reproductive rights.” @JenforFL25 on X
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Ep 310 - The Inevitability of Luigi Mangione with Jordan Chariton
When there’s an attack on a high profile (read: white) target in the US, media attention is aimed at the perpetrators. If the act was politically motivated, that fact is either used to explain their psychopathy or dismissed altogether. The December shooting death of a UnitedHealthcare CEO has had a different reaction. As soon as the news broke, public sympathy was drawn to the shooter. The American people have too many horror stories about being denied medical coverage. Jordan Chariton, of Status Coup News, joins Steve to look at the significance of this story as representation of people’s outrage against a system designed to ignore people’s needs and reward the economic elite. As Jordan suggests, Luigi Mangione, the alleged perpetrator, wasn’t just attacking the health insurance industry, he was attacking predatory capitalism. Steve and Jordan discuss events of the past few decades, the futility of traditional political avenues, and the inevitability of a public breaking point and working-class uprising. Jordan’s coverage of the Flint and East Palestine crises have brought him into the lives of Americans who have been lied to and left to suffer the consequences of corporate malfeasance. If murder at gunpoint is immoral, can you keep making excuses for murder by policy?Jordan Chariton, Status Coup CEO, is an independent progressive journalist who has worked inside and outside the belly of the corporate media beast for over a decade. He worked at Fox, MSNBC, and TYT, before starting Status Coup. He is the author of the 2024 book, “We the Poisoned: Exposing the Flint Water Crisis Cover-up and the Poisoning of 100,000 Americans.” statuscoup.com @JordanChariton on X @StatusCoup
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Ep 309 - Brick by BRICS with Yan Liang
History doesn’t stand still, and every time we talk about BRICS on this podcast, there’s more to unpack. To understand the significance of BRICS, we must begin with (wait for it) monetary sovereignty. Economist Yan Liang is an expert on China’s economy and MMT. She joins Steve to discuss the evolving role of the BRICS nations (Brazil, Russia, India, China, South Africa) and the increasing number of countries becoming involved in challenging US dollar hegemony and the current global financial system. Weaponizing of the US dollar has reached an all-time high. Yan explains the specific ways in which US-dominated international institutions and dollar dependency impede development in the Global South. The episode looks at the significance of de-dollarization and its possible longterm effects. Yan also touches on the importance of technology transfer and intellectual property rights in building sustainable economies. Yan Liang is Peter C and Bonnie S Kremer Chair Professor of Economics at Willamette University. She is also a Research Associate at the Levy Economics Institute, a Non-Resident Senior Fellow at the Global Development Policy Center (Boston University), and a Research Scholar of the Global Institute for Sustainable Prosperity. Yan specializes in the Modern Monetary Theory (MMT), the Political Economy of China, Economic Development, and International Economics. Yan's current research focuses on China's development finance and industrial transformation, and China's role in the global financial architecture. @YanLian31677392 on X
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Ep 308 - Working Class MMT with Bill Mitchell
What’s the point of understanding money if we don’t look at the power relations controlling its distribution? Bill Mitchell, a key figure in the development of modern monetary theory, is back for his twelfth appearance on the podcast, beginning with Episode One, Putting the T in MMT. As a key figure in the development of MMT, Bill articulates how this theory fundamentally challenges conventional economic wisdom by asserting that governments, as currency issuers, are not financially constrained in the same manner as households or businesses. This critical insight dispels the prevailing narrative that insists the government cannot afford to invest in social programs. This forces us to look not only at political choices, but the class power behind those choices. The conversation delves into the dynamics of class conflict, inflation, and the role of private banks in shaping the financial landscape. Economic austerity, rising costs, and stagnant wages force the working class to take on more and more private debt. Bill Mitchell is Professor of Economics and Director of the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle, NSW Australia. He is also the Docent Professor of Global Political Economy at the University of Helsinki, Finland, and Guest International Professor at Kyoto University, Japan. Bill is a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. Follow his work on https://billmitchell.org/blog/
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Ep 307 - Rights for Machines? AI's Ethical Future with James Boyle
Can you imagine granting personhood to AI entities? Well, some of us couldn’t imagine granting personhood to corporations. And yet... look how that panned out.In this episode, Steve talks with Duke law professor James Boyle about his new book, The Line: AI and the Future of Personhood. James explains the development of his interest in the topic; it began with the idea of empathy. (Then) moved to the idea of AI as the analogy to corporate personhood. And then the final thing – and maybe the most interesting one to me – is how encounters with AI would change our conceptions of ourselves. Human beings have always tried to set ourselves as different from non-human animals, different from the natural universe. Sentences no longer imply sentience. And since language is one of the reasons we set human beings up as bigger and better and superior to other things, what will that do to our sense of ourselves? And what would happen if instead of being a chatbot, it was actually an entity that more plausibly possessed consciousness. Steve and James discuss the ways in which science fiction affects our thinking about these things, using Blade Runner and Star Trek to look at the ethical dilemmas we might face. As AI becomes increasingly more integrated into our society, we will need to consider the full range of implications. James Boyle is the William Neil Reynolds Professor of Law at Duke Law School, founder of the Center for the Study of the Public Domain, and former chair of Creative Commons. He is the author of The Public Domain: Enclosing the Commons of the Mind, and Shamans, Software, and Spleens. He is co-author of two comic books, and the winner of the Electronic Frontier Foundation's Pioneer Award for his work on digital civil liberties.
A podcast that critically examines the working-class struggle through the lens of MMT or Modern Monetary Theory. Host Steve Grumbine, founder of Real Progressives, provides incisive political commentary and showcases grassroots activism. Join us for a robust, unfiltered exploration of economic issues that impact the working class, as we challenge the status quo and prioritize collective well-being over profit. This is comfort food for the mind, fueling our fight for justice and equity!