The Rhodes Center Podcast: The New Politics of Growth and Stagnation Part Two
This is part two in our companion series to the book “Diminishing Returns: The New Politics of Growth and Stagnation” (co-edited by Mark Blyth, Lucio Baccaro and Jonas Pontusson).
In part one (which, if you haven’t listened to, we’d recommend you go back and do), Mark and his guests discussed how growth models are almost like the business model for a country. But of course, countries don’t exist in isolation. They can rise and fall together, and operate as regional economies tied into wider global networks.
So…what do growth models look like at scale? How should we even think about them?
To explore this concept, Mark spoke with two contributors to the book. Jazmin Sierra is an assistant professor of political science at Notre Dame, whose work focuses on the political economy of Latin America. Alison Johnston is an associate professor of political science at Oregon State University, whose work focuses on the European Union.
Learn more about and purchase “Diminishing Returns: The New Politics of Growth and Stagnation”
Пікірлер: 23
Currently reading the book, very interesting so far. Audio book please
Foreign investors don't have a nation's best interests, beyond what they can extract from it. Not-Necessarily-Citizens, United, for instance. Granted anonymity, US doesn't know what hit them.
it's weird because since everything has gone insane I don't even know if I can trust Mark's take anymore
@evanmcarthur478
8 ай бұрын
Everything gone insane since when? 2007? 2020?
@tonywilson4713
8 ай бұрын
Actually there's a giant problem with this and its not the economics its the ENERGY. I have written a lengthy comment giving the basics of the problem above. If the YT Algorithm hides it let me know. I am trying to get on Steve Keens podcast ""Steve Keen and Friends" to go over this. I will just as happily discuss this with Mark. Yes his theories are sound but like everything in the modern world including the computer you are on RIGHT NOW these issues require energy and simply put if all the economists don't STFU and let us engineers tell you the problem the lights are going out and staying out and large slabs of humanity is going back to the 16th century.
@Brad-lt6mr
8 ай бұрын
Yeah he was pretty adamant that inflation had been abolished, right up until inflation took off.
@evanmcarthur478
8 ай бұрын
@@tonywilson4713 yeah that’s true, people don’t think enough about energy systems. Since I started working as kids programming teacher 7 years ago gradually I see problems I never saw before.
@buzoff4642
8 ай бұрын
@@Brad-lt6mr Globalism was not designed to: -improve the lives of the general citizenry population (West/Westernized populations swirling down the drain) -be resilient (bump! COVID, bump! Russian attack, bump! China heading off in their own direction, etc. etc.) -be efficient with the sole exception maximizing profits (offshore tax dodging, offshore nations offshoring, burn burn burn that oil to move haircombs from sole source, etc. etc.)
Growth is killing the planet!
@buzoff4642
8 ай бұрын
Growth could've been growth of green tech. What industry chose was Coast, on their investments, not actual growth from improved products. Coast, via lock down of the customers in monopolies. Old World robber baron style, first, buy the politicians.
How do you get growth when disposable income is eaten by soaring bills and debt and wages don't keep up. It certainly isn't coming from people with a mortgage and kids.
@peterplotts1238
8 ай бұрын
Don't worry. You don't really know the best use of your income. Therefore, the state will remove that burden from your shoulders and place it and the economy in the hands of giant corporations and armies of government experts who, unlike you, have the necessary training. Under their plan, you will own nothing, be unable to travel within your country as you please, or heat and cool your home...I mean the home you are allowed to live in - on condition of cooperation and good behavior, and last, but least, few if any opportunities to eat meat. Then, things will be better - just not for you and your family.
@buzoff4642
8 ай бұрын
Bear in mind, growth of GDP no longer reflects the well being of those living in a country. Growth is now making more money from assets, and has largely been pocketed by importers, financial institutions and industry shareholders. 1) Shift tax burden and other business expenses to the population. 2) Upcharge for essentials. 3) Flood the labor market with imported workers for sake of immobilizing citizen workers, and suppress the market rate of wages. Stagnant wages == (decline in population birth rates, perpetual credit users, decline in disposable income/disposable income market goods, shrinking post secondary education affordability, etc. etc.)
@5508Vanderdekken
6 ай бұрын
You get growth by expanding credit
@5508Vanderdekken
6 ай бұрын
@@buzoff4642GDP N E V E R reflected the wellbeing of those living in the country. The creator said so in the 1930s
@buzoff4642
6 ай бұрын
@@5508Vanderdekken Growth of the rate of profits is unnecessary. Particularly evil when gotten by decimating the share of earned income.