“Economics has failed,” is a phrase that is becoming more common by the day, the result of the current economic paradigm of neoliberalism. But economist, Professor Michael Hudson says economics has not failed it all. It is working perfectly well, according to the rules upon which it has been set. On this week’s episode of Renegade Inc, we explore the cover story of neoliberal economics.
Our problems will not be solved by the victory of one party over another, or of one ‘ism’ over another. Changing lawmakers from ‘conservatives’ to ‘liberals’ or ‘liberals’ to ‘socialists’, without reforming how the laws are made is like asking the orchestra to play a happy tune whilst the ship goes down, writes Mark GB. Our problems arise from the centralisation of power and money in the hands of unaccountable vested interests. We need fundamental reform of the political and monetary system itself.
These government champions of the free-market are living a lie, stripping social-spending while shelling out billions to the private sector, all while taking home benefits the rest of us could only dream of. The private sector has its own government dole system, writes editor-in-chief, Claire Connelly. If these companies are so troubled by government welfare, they should pay back every cent of government bailouts, tax credits and subsidies they have received over the years.
Google has come under scrutiny by free-speech advocates for shutting down neo-Nazi website, Daily Stormer, seemingly too distracted to notice the tech giant has been waging a censorship campaign against progressive news organisations that publish content which conflicts with the narrative of the Washington establishment, along with Facebook and Twitter, on the grounds of ‘fake news’.
In his latest book, ‘Creating Freedom,’ Raoul Martinez poses a fundamental question: ‘How can we be free if we can’t control the forces that shape us?’ Ross Ashcroft is joined by Martinez to answer this very question, how he sees society today and how we can start putting people and planet before profit and power.