1 year ago

In this episode of El Podcast we spoke with Professor Clara E. Mattei who is the author of the book "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism"
We discussed the origins and parallels of austerity in 1920's to today, the trinity of austerity, and how it is designed to redistribute income from the working class to the ruling class.

Thank you for watching!

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0:00 Intro
1:23 Austerity is designed to redistribute income from the working class to the ruling class
2:38 Liberal elites and fascism both accomplish the same goal
4:54 Who are the liberal elites?
6:58 The austerity trinity: fiscal, monetary and industrial
14:17 How would you define the working class?
16:49 The professional managerial class
20:52 What are the parallels between fascist Italy and Europe or America today?
32:28 Austerity functions as a reaction to a potential disorder in our society
37:18 Aren’t austere measures necessary to battle inflation?
44:50 Do we have capitalism or crony capitalism? What is the real definition of capitalism
55:11 Are we on our way to fascism now?
1:11:09 If there are alternatives such as price caps to help decrease inflation, why aren’t these methods being used today?
1:17:41 Isn’t capitalism important for the entrepreneur?
1:27:07 There is potential for a different outcome

Special Thanks to Professor Clara E. Mattei!
Links to her work:
Twitter: https://twitter.com/claraemattei
Buy the Book: https://press.uchicago.edu/ucp/books/book/chicago/C/bo181707138.html

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