Jacobin Radio w/ Suzi Weissman: Economic Weirdness w/ Robert Brenner
Wages, price, and profit in the context of inflation, illness, and war.
August 15, 2022
50 min
1,161 of 1,867
August 15, 2022
Jacobin Radio w/ Suzi Weissman: Economic Weirdness w/ Robert Brenner
0:00 / 50:15
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Jacobin Episodes Around August 15, 2022
Episode 1,161 of 1,867 — walk the feed in the order it was published.
50:15This episodeJacobin Radio w/ Suzi Weissman: Economic Weirdness w/ Robert Brenner
Summary
<p>Suzi talks to economic historian <a href="https://www.versobooks.com/authors/443-robert-brenner" rel="noopener noreferrer nofollow">Robert Brenner</a> to get his understanding of this strange economic moment. What makes it strange? Inflation has dampened spending, the economy is shrinking, and many call it "shaky." Yet profits are strong and soaring, especially in the energy sector, in part because of Russia’s war on Ukraine. And job growth continues. Despite wage increases, workers’ wages overall are still lagging, but CEO pay is skyrocketing—and the Fed continues to raise interest rates to curb inflation. Are they trying to induce a “mild” recession, avoid one, or what? The moment is unique because of the pandemic, supply chain blockages and shortages, and Russia’s war wreaking havoc on the world economy. We get Robert Brenner’s analysis.</p>
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</p><p><em>Jacobin Radio with Suzi Weissman</em> features conversations with leading thinkers and activists, with a focus on labor, the economy, protest movements.</p>
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