Democracy in Default (with Brian Judge)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 18 June 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Nick and Goldy are joined by political scientist Brian Judge, author of "Democracy in Default: Finance and the Rise of Neoliberalism in America." They delve into the historical roots of our current democratic crisis, exploring the role of liberalism in depoliticizing distributive conflicts and paving the way for the rise of neoliberalism. Judge sheds light on the impact of neoliberal ideologies on American policymaking and how liberalism's attempts to manage distributive conflict through the market have shaped our economic and political landscape—which gave leaders the opportunity to use the economic slowdown of the 1970s to install neoliberal policies that enriched the wealthy few for decades. Brian Judge is an author and policy fellow at the Center for Human-Compatible Artificial Intelligence and the Berkeley Roundtable on the International Economy at the University of California, Berkeley. He is recognized for his recently published book, "Democracy in Default: Finance and the Rise of Neoliberalism in America," which delves into the intricate relationship between finance and politics in shaping the neoliberal economic landscape in the United States Twitter: @realbrianjudge Further reading: Democracy in Default: Finance and the Rise of Neoliberalism in America Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.
0:10.0	It's time to build our economy from the bottom up and from the middle out, not the top down.
0:15.0	Middle out economics is the answer.
0:18.0	Because Wall Street didn't build this country.
0:20.0	Great middle class built this country.
0:22.0	The more the middle class thrives, the better the economy from the middle out.
0:42.0	Welcome to the show. build the economy from the middle out.
0:42.6	Welcome to the show.
0:50.6	We talk a lot on this podcast Nick about neoliberalism, how it's responsible for many of the economic, political and social crises were facing today.
1:03.8	But have you ever thought about the role of liberalism?
1:07.6	Not the Neosorp, but good old-fashioned liberalism
1:10.8	in these crises?
1:12.8	Not much, not much.
1:14.3	Not much.
1:17.2	Well, it turns out I read a book recently
1:21.3	that was recommended to me by my daughter because it was written by her cousin
1:28.4	Brian Judge, my nephew, my ex-wife's eldest brother's eldest son who is a recent PhD in political science and
1:40.0	its title was you know right up our alley, democracy and default, finance and the rise of
1:48.0	neoliberalism in America, and raises some questions I'd never considered before.
1:57.0	That in fact the historical roots of our crisis,
2:02.0	our democratic crisis is a lot deeper than I ever thought it was.
2:07.0	Yeah, I mean he makes a couple of really interesting observations in the book, certainly centrally, that you know liberalism was a way to depoliticize
	...

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