The New Politics Of Growth And Stagnation (part 1) The Rhodes Center Podcast With Mark Blyth podcast

44:13

In this episode, Mark Blyth talks with two inequality experts to try and understand something that’s been bugging him for years. It goes like this: inequality has profound effects on our economy, society, and lives. It has also been growing, and today is at historically high levels. Given all that, why does inequality never seem to be a topic around which we organize our politics? Too complicated? Too boring? Too unsolvable? The answers that Mark got made him rethink the question itself, and hopefully will make you see inequality in a new light, too. Guests on this episode: Charlotte Cavaille is an assistant professor of public policy at the University of Michigan’s Gerald R. Ford School of Public Policy, and author of “ Fair Enough? Support for Redistribution in the Age of Inequality ”. Branko Milanovic is a senior scholar at the Stone Center on Socio-Economic Inequality at the CUNY Graduate Center. Learn more about the Watson Institute's other podcasts…

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Why capitalism can’t solve the climate crisis 42:15

12 weeks之前42:15

42:15

To state the obvious, there are many hurdles to addressing the climate crisis in a meaningful way. However, there’s been one relatively bright spot on this front in the last decade: the price of renewable energy — particularly solar and wind power — has dropped dramatically. By many measures, they’re now cheaper to produce than fossil fuels. So does that mean when it comes to a “green transition” can we just sit back and let the market take care of it? According to Brett Christophers, a professor at the Institute for Housing and Urban Research at Uppsala University and author of the new book “The Price is Wrong: Why Capitalism Won't Save the Planet”: absolutely not. On this episode, Mark and Brett discuss the many reasons why cheap renewable energy production won’t lead to renewables dominating the energy market. In doing so, they also put the entire energy economy under a microscope and challenge the notion that the private sector will ever be able to lead us through a green transition. Learn more about and purchase “The Price is Wrong: Why Capitalism Won't Save the Planet” Watch Brett’s October 2024 talk at the Rhodes Center Learn more about the Watson Institute’s other podcasts…

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Why we think what we think, when we think about inflation 39:13

16 weeks之前39:13

39:13

This is a new experiment we’re trying at the Rhodes Center Podcast. From time to time, going forward, instead of focusing on one expert and their latest research, Mark will take a deeper dive into one issue (or one question) that’s been bothering him. Future episodes will examine the politics of immigration and the persistence of inequality. But the first episode in this new series will explore a topic especially near and dear to Mark: inflation. Specifically, the stories we tell about what causes inflation, how those stories affect our efforts to curb it, and who wins and loses depending on which stories our leaders believe. In the first half of this episode, Mark talks with economist Nicolò Fraccaroli about a book he and Mark wrote called “Inflation: A Guide for Users and Losers” (coming out in Spring 2025). In the second half, Mark talks with economist Claudia Sahm about the history of inflation, the role central banks play in it, and what’s lost when we try to take politics and politicians out of the inflation debate. (One thing to note: both of these conversations were recorded before the election, but the ideas explored in these conversations are just as relevant now as ever.) Guests on this episode: Nicolò Fraccaroli is an economist at the World Bank Claudia Sahm is Chief Economist for New Century Advisors and former Section Chief at the Federal Reserve’s Board of Governors Learn more about the Watson Institute’s other podcasts…

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Why we ran out of everything during the pandemic, and why it had less to do with the pandemic and more to do with the corporations that made us much more vulnerable to it 41:44

23 weeks之前41:44

41:44

Remember the supply chain problems of 2020 and 2021? The story we were told was that the COVID-19 pandemic disrupted the global economy's ability to make and transport goods of every type imaginable: Surgical masks. Car parts. Infant formula. But as New York Times' global economic correspondent Peter Goodman explains in his new book, “How the World Ran Out of Everything: Inside the Global Supply Chain,” the story is more complicated than that. On this episode, Goodman and Mark Blyth discuss how, over decades, consulting firms and shareholders built a system that drove up profits but imperiled our economy, ultimately making COVID-related supply shocks (and the inflation that followed) much worse than they needed to be. Furthermore, if Goodman is right, it’s only a matter of time before we risk running out of everything again. Learn more about the Watson Institute’s other podcasts…

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The expulsion of politics? What the UK’s Office of Budget Responsibility tells us about the limits of technocracy 43:02

40 weeks之前43:02

43:02

When it comes to governing our economy, estimates rule the day. We want to know what effect a policy might have on the government’s budget, on economic growth, on employment…in the next 1 year, 5 years, 10 years…you get the idea. If you want to make (or critique) public policy, you better have numbers to back it up. To get those types of estimates, economists and politicians often rely on institutions like the Office for Budget Responsibility in the UK, or the Congressional Budget Office in the United States. As a result, their estimates and fiscal projections form crucial data points in our modern politics and policymaking. We like to think that these estimates and projections (not to mention, the people who make them) come from somewhere outside of our partisan politics. That while our values might be debatable, the numbers, at least, aren’t. But, as Mark Blyth’s guest on this episode explains: that idea is a fantasy, and to the extent it obscures the values and politics that are baked into organizations like the Office of Budget Responsibility, it’s a dangerous one. On this episode, Mark Blyth talks with Ben Clift, author of “The Office for Budget Responsibility and the Politics of Technocratic Economic Governance. ” In it, he pulls back the curtain on Britain's Office for Budget Responsibility, and reveals the hidden processes and ideologies that shape the estimates and projections that come out of it. In doing so, he shows how the OBR – and other institutions like it – are much more political than they appear. Learn more about and purchase “ The Office for Budget Responsibility and the Politics of Technocratic Economic Governance ” Learn more about the Watson Institute’s other podcasts…

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Money can’t buy happiness, but it can buy citizenship abroad 34:33

45 weeks之前34:33

34:33

When you think of high-end luxury commodities, you might imagine yachts, private jets, or even whole islands. But in the last few years, another commodity has started to receive a lot of attention from the world’s wealthiest people: citizenship. With enough money, people can buy their way into becoming a citizen of a growing list of countries around the world. While this trend has garnered lots of attention in the last few years, as our guest on this episode explains, there’s so much more to the story than meets the eye. Kristin Surak is a sociologist and author of the new book “ The Golden Passport: Global Mobility for Millionaires .” In it, she pulls back the curtain on this rarified luxury market — who’s buying, who’s selling, and the complex web of middlemen that make it all work. On this episode, Mark Blyth talks with Surak about what might be called the “citizenship industrial complex”’ and what it says about our global economy. Learn more about and purchase “The Golden Passport: Global Mobility for Millionaires ” Learn more about our other podcasts at the Watson Institute for International and Public Affairs…

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How asset managers came to own everything and you failed to notice 53:11

50 weeks之前53:11

53:11

Listeners of the Rhodes Center Podcast have probably heard of companies like Black Rock, State Street and Vanguard. You’ve also probably heard how, through ETFs and other investment products, these types of investment firms own a staggering share of the world’s biggest companies (20-25% of the S&P 500 by some estimates). But in this episode, you’ll hear about a whole other side of asset management; one that’s more opaque, and possibly much more influential (and corrosive) to our daily lives. Brett Christophers is a geographer and professor at Uppsala University’s Institute for Housing and Urban Research, and author of the new book “Our Lives in Their Portfolios: Why Asset Managers Own the World.” In it, he explains how asset management companies like Blackstone and Macquarie Asset Management do more than passively own shares. Over the last few decades, they've begun to invest in and actively run a growing portion of our infrastructure and essential services: hospitals, care homes, water treatment plants, bridges and even parking meters. On this episode, he talks with Mark Blyth about the economics of this new subspecies of asset management, and how they’ve begun to reshape our society, economy and planet in ways we don’t fully understand. Learn about and purchase “Our Lives in Their Portfolios: Why Asset Managers Own the World” Learn more about other podcasts from the Watson Institute at Brown University…

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The business side of fighting climate change 33:27

1 year之前33:27

33:27

On this podcast, you’ve heard from a range of experts about the policies and politics of decarbonization. But what does the fight against climate change look like from the business side? Sophie Purdom is the Founder and Managing Partner of Planeteer Capital, a venture capital fund that invests in early-stage climate technology companies. She also writes Climate Tech VC , an industry newsletter that goes deep into the business side of the green transition. On this episode, Sophie Purdom talks with a special guest host for the Rhodes Center Podcast, political scientist and director of the Watson Institute’s Climate Solutions Lab Jeff Colgan. They talk about the world of “climate tech,” as it’s known in the startup community, how the industry started, where it’s going, and what it can teach us about the relationship between private enterprise and the global fight against climate change. Learn more about and subscribe to Sophie Purdom’s newsletter, Climate Tech VC Learn more about the Climate Solutions Lab at the Watson Institute Learn more about the Watson Institute’s other podcasts…

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An Immigrant Economist in the Land of Inequality: A Conversation with Sir Angus Deaton 32:28

1 year之前32:28

32:28

In 2015, economists Anne Case and Angus Deaton published a paper that revealed something startling: an increase in mortality rates in the United States among white middle-aged men and women between the years of 1999 and 2013 . They published a book in 2020 that aimed to explain the trend, which they attributed to — among other factors — economic stagnation , social isolation, and the opioid crisis. The book, titled “Deaths of Despair and the Future of Capitalism,”, caused a stir inside and outside the field of economics, as people tried to make sense of America’s economy and society in the Trump years. On this episode, Rhodes Center Director Mark Blyth talks with Deaton about his newest book “Economics in America: An Immigrant Economist Explores the Land of Inequality,” which takes a broader view of the issues brought up in “Deaths of Despair.” They explore the pervasiveness of inequality in America, how it relates to the “deaths of despair” phenomenon, and why the field of economics often seems blind to the most pressing issues facing individuals and communities. Learn more about and purchase “ Economics in America: An Immigrant Economist Explores the Land of Inequality ” Learn more about the Watson Institute’s other award-winning podcasts…

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The new politics of growth and stagnation (part 3): houses, micro states, finance, carbon 35:27

1 year之前35:27

35:27

This is part three 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). On this episode, Mark talks with four contributors for the book: Alex Reisenbichler, Aidan Regan, Oddný Helgadóttir, and Jonas Nahm. They look at case studies in a handful of countries, as well as some of the cross-cutting trends affecting all growth models across the world. They explore the role of finance and politics in growth models, and how the climate crisis is making us rethink this all even further. Learn more about and purchase “Diminishing Returns: The New Politics of Growth and Stagnation” Listen to part one of this series Listen to part two of this series Learn more about and listen to Watson’s other podcasts…

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The new politics of growth and stagnation (part 2): growth models at scale 32:51

1 year之前32:51

32:51

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” Listen to part one of this series Learn more about and listen to Watson’s other podcasts…

1
The new politics of growth and stagnation (part 1) 33:58

2 years之前33:58

33:58

This is the first in a three-part series on Diminishing Returns: The New Politics of Growth and Stagnation, a book co-edited by Mark Blyth, Lucio Baccaro, and Jonas Pontusson. Using examples from around the world, the book offers a new understanding of what happens to our politics when growth slows down. In this episode, Mark grills his co-authors about how the book came to be, and the big questions that guided its creation. Guests on this episode: Lucio Baccaro , Director at the Max Planck Institute for the Study of Societies Jonas Pontusson , Professor of Comparative Politics at the University of Geneva Learn more about and purchase Diminishing Returns: The New Politics of Growth and Stagnation Learn more about the Watson Institutes’ other podcasts…

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Does economics do more harm than good? And if it does, how would we know harm when we see it? 40:09

2 years之前40:09

40:09

In 1849, the historian and philosopher Thomas Carlyle referred to economics as the “dismal science.” The pejorative stuck, and is still slung by critics of the field today. But what if economics is worse than “dismal”? What it’s…harmful? George DeMartino’s recent book, “The Tragic Science: How Economists Cause Harm (Even as They Aspire to Do Good)”, makes exactly that claim: that economists aren’t just ineffective at solving social problems; they often end up creating new ones. Worse still – since economics lacks a meaningful criteria for defining what harm is, economists often don’t know how to measure (and fix) the problems they create. George is an economist himself, and his work isn’t just a pile-on against the field. Rather, his critique points a way towards a more socially engaged version of economics – one that takes the notion of harm seriously. Learn more about and purchase “The Tragic Science How Economists Cause Harm (Even as They Aspire to Do Good)” Learn more about the Watson Institute’s other podcasts…

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Nazi billionaires, capitalist ethics, and other notable contradictions 35:04

2 years之前35:04

35:04

On this episode Mark Blyth talks with this year’s invited speaker at the Rhodes Center’s annual 'Ethics of Capitalism’ lecture series, journalist David de Jong. David’s groundbreaking book “Nazi Billionaires: The Dark History of Germany's Wealthiest Dynasties”, looks at the individuals and companies that accumulated unimaginable wealth under the Third Reich. Through his incredible investigative work, he exposes how these companies – including iconic German businesses like Volkswagen, BMW, and Allianz – thrived under the Nazi regime. He also looks at how, despite their dark history, most have never fully reconciled with their past – and how the families that founded such enterprises have only grown more wealthy in the decades since. David and Mark discuss this dark history, and explore the questions it poses about the nature of capitalism: how can businesses operate responsibly in a world where it’s so easy to profit off the suffering of others? And what do private companies owe the rest of us, above their bottom line? Learn more about and purchase “Nazi Billionaires: The Dark History of Germany's Wealthiest Dynasties” Learn more about the Watson Institute’s other podcasts…

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A wee podcast on the last 50 - and next 50 - years of the global world order 38:51

2 years之前38:51