Macro N Cheese

When we hear the term “blockchain,” we immediately think of libertarians and capitalists. Crypto bros. They have been dominating that space but they don’t hold a monopoly on it, and our guest, Joshua Dávila, AKA The Blockchain Socialist, refuses to cede the ground. In this episode he and Steve discuss the need for bridging the gap between technical knowledge and social understanding because blockchain technology can be a valuable organizing tool for socialists.Joshua suggests creating collective wallets and experimenting with democratic input in economic institutions as a starting point. He also speaks of the potential of blockchain technology in creating a new economic system that challenges the existing power structures.The space of what is economically possible is much wider than many realize. (As MMTers, we agree.) Joshua believes the tools provided by digital systems can be used to create post-capitalist systems that compete with the existing globalized digital economy. He challenges the notion that the

One of the many exciting things about a federal job guarantee is its transformative potential in reshaping society's understanding of work and value. It can provide a dignified job for people in every possible situation with every ability and disability. Of course that’s not all we love about the FJG. In this episode, Tyler Emerson and Steve also discuss the job guarantee’s preventative possibilities in tackling social and environmental crises.Tyler is one of the younger generation of MMT scholars. He works with our good friend Pavlina Tcherneva at the Economic Democracy Initiative (EDI). We recommend everyone check out their website, jobguarantee.orgThe conversation touches on the idea of money as a public resource and the need to challenge the mentality of scarcity that dominates society. The job guarantee will address poverty and provide opportunities for individuals to have agency and dignity in their work.Tyler Emerson is an economist working as a research assistant for the OSUN Economic Democracy Initia

**Every Tuesday evening, Real Progressives hosts a virtual listening party for the current episode of Macro N Cheese. All are invited to join our informal discussion where we share insights on the topic at hand. If someone has questions, we will help find the answers. Get the registration link each week by visiting our events calendar: https://realprogressives.org/rp-events-calendar/Before the 1980s, mass layoffs were often tied to economic recessions. Today, they are shrewd corporate strategy. Modern mass layoffs are connected to leveraged buyouts or stock buybacks. Steve’s guest, Les Leopold, explains how the process works and how it came to be through the maneuverings of Wall Street and the two political parties.Les is the author of Wall Street’s War on Workers. He and Steve talk about the very real impact on people’s lives, from the coal miners of Mingo County, West Virginia, to Steve’s personal struggles after Verizon’s 2009 lay-offs. They discuss organizing, the value of a job guarantee, and intersectio

In his third appearance on Macro N Cheese, Dan Kovalik talks with Steve about his upcoming book, The Case for Palestine: Why It Matters and Why You Should Care. As with many of our guests, the episode is more of a conversation – a passionate one – than an interview.“First of all ... this conflict did not begin on October 7th, though we're led to believe it did. This conflict – well, it depends on when you want to say it started – but certainly a good starting place is 1948 in the Nakba, when 700,000 to 900,000 Palestinians were violently displaced by Israelis who came in to take over their land and their homes. And the takeover of land and homes has continued since that time.Gaza itself has been penned in with a giant fence since about 2007 in what some refer to as the largest open-air prison in the world. Others call it the biggest concentration camp in the world — where Israel has regulated the water they get, the food they get. And they've kept all those things, intentionally, to a minimum.”They both argue

“We cannot talk about colonialism, green or otherwise, about dismantling it, about decolonization, about environmental and climate justice in the Arab region, and turn a blind eye to the ongoing genocide, the ethnic cleansing, the mass displacement, the mass slaughter and the repression of Palestinians perpetrated by the racist apartheid settler colonial state of Israel with the active support and abetting by imperialist powers — from the United States to the European Union, to France, to Germany, and others.”In this webinar from our RP Live webinar series, Dr. Hamza Hamouchene addresses the fraudulent and exploitative reality behind “green energy.” His presentation comes from the recently published book, Dismantling Green Colonialism: Energy and Climate Justice in the Arab Region. The presentation is followed by questions from attendees.Hamza’s analysis of regional and global climate and energy politics is illustrated by real-life examples from Indonesia, Morocco, Egypt, Libya, Tunisia, and other nations.He

According to Wikipedia, “Enshittification, also known as platform decay, is the pattern of decreasing quality of online platforms that act as two-sided markets. Enshittification can be seen as a form of rent-seeking. Examples of alleged enshittification have included Amazon, Bandcamp, Facebook, Google Search, Quora, Reddit, and Twitter.” Wikipedia also tells us the term was coined by today’s guest Cory Doctorow.Steve and Cory discuss his new fiction book, The Lost Cause, which explores truth and reconciliation in a polarized future and then delve into his nonfiction work, particularly The Internet Con: How to Seize the Means of Computation, which focuses on the power and abuses of major corporations, especially in the tech industry. They talk about the concept of "platform decay" (enshittification) and how platforms have become the dominant life form on the internet.Cory explains another term, "acidification," which describes the pathology of this decay and the inevitable outcome when platforms are not regula

**If you’ve been enjoying – and learning from – this podcast for the past five years, you’ll want to know about the end of the year fundraiser for Real Progressives. For the rest of 2023, your donation will be fully matched by a generous supporter. If you donate $100 or more, you get a free t-shirt. We count on our community to help us pay for the equipment and platforms to bring you this important content.Donate here or go to our website, realprogressives.orgFadhel Kaboub is back for his lucky 13th episode. He talks with Steve about the concept of climate reparations and its significance in tackling the climate crisis. True reparations go beyond financial compensation; they must include transferring technology, repairing our ecosystem, and restructuring the global financial and trade systems.The global North must not shirk its historic responsibility and disproportionate impact of climate change on the Global South. Fadhel and Steve discuss the need for truth and reconciliation as a starting point for repara

** Come Chill with us! Every Tuesday at 8pm ET/5pm PT, we gather on Zoom for a listening party and discussion of the recent episode of this podcast. Look on our Events Calendar for the new Macro ‘n Chill registration link each week. https://realprogressives.org/rp-events-calendar/ The consequences of income inequality extend far beyond economic disparities. Stephen Bezruchka focuses on its effect on health. Stephen is on the faculty of the School of Public Health at University of Washington and is author of Inequality Kills Us All. Much of this interview looks at these issues in the US.Stephen directly ties inequality to mortality rates, disease, and early childhood development. It’s interesting to hear a physician who doesn’t blame our individual choices and habits; he lays our health problems squarely at the feet of the political and economic system.The profit-driven nature of healthcare in the US prioritizes financial gain over the health of individuals. Stephen describes the role of the lobbying industry

Charles Derber, author of "Dying for Capitalism", talks with Steve about the intersectionality between capitalism, environmental destruction, and militarism. He argues that the capitalist system, particularly in its neoliberal form, is inherently connected to the threats of environmental catastrophe and war. He emphasizes the historical context of these connections, tracing the shift from water-powered capitalism to coal and then oil as a means to maintain control and avoid public opposition. He highlights the role of the military in perpetuating climate change and the destructive consequences of war on the environment.Charles addresses the skepticism and cynicism often associated with the idea of changing capitalism but he believes change is possible through diverse strategies and alliances. He draws lessons from historical movements, such as the abolitionist movement, the Bolshevik revolution, and the reinvigorated labor movement. He touches on social media, which can be used to control and manipulate, but

David Fields talks to Steve about “Economists for Palestine,” the statement released by the Union for Radical Political Economics (URPE). They emphasize economists’ responsibility to take a stand against the genocide being perpetrated against the Palestinians. They look at the connection between Zionism and the global capitalist system, debunking misinformation while highlighting the difference between antisemitism and anti-Zionism.We at Macro N Cheese urge our listeners to circulate the statement. https://urpe.org/2023/11/08/economists-for-palestine/Economists for PalestineWe stand in unwavering solidarity with the Palestinian people. Since October 7th, 2023, over two million people have faced a brutal onslaught by the Israeli military and state. They have been forced to flee with nowhere to go as homes, shelters, evacuation routes, border crossings, hospitals, places of worship and entire neighborhoods have been bombed.We mourn civilian deaths in both Israel and Palestine. Israel’s retaliation for the Octob

**Welcome to Episode #250! This represents 250 straight weeks of work on this podcast. We couldn’t have managed without our diligent team: Steve Grumbine, host and head honcho, Andy Kennedy, audio engineer, editor and producer, Virginia Cotts, Julie Alberding, Jonathan Kadmon, Commie John Siener, and Tim O’Neill, who create show notes, art, transcripts, and a whole section of extra information and links to resources.We have now added a bonus event, Macro ‘n Chill, a weekly Zoom meeting where the community can gather, listen, and discuss the episode. To find us, go to the RP Events Calendar on Real Progressives’ website, realprogressives.org/rp-events-calendar. Click the upcoming Tuesday where you’ll find information and the registration link. The event is usually posted on Saturday after the newest episode is released. If it's not there, check back later. See you next Tuesday!**This week’s episode is the second half of Steve’s interview with Hamza Hamouchene about his book, Dismantling Green Colonialism: Ener

When we talk about the climate crisis, common wisdom says we’re all in it together. That implies that everyone is responsible, and everyone needs to do something about it. Our guest, Dr. Hamza Hamouchene, attacks this notion unequivocally: “The historical responsibility, of course, in the climate crisis lies within the industrialized capitalist West.” Most of the impacts are felt by communities in the global South, in countries that have been impoverished since colonial times. As developing nations they are additionally burdened by international financial institutions when, in fact, they are owed climate reparations.Hamza is co-editor of Dismantling Green Colonialism: Energy and Climate Justice in the Arab Region. He talks with Steve about the urgent need for climate justice and decolonization, while suggesting what a just transition would entail.They emphasize the critical need for support of the Palestinians, whose cause must be included in discussions of colonialism, climate justice, global trade, and ener

This week’s episode is another webinar from our RP Live series: Inside a Failed State, with Michael Hudson.Michael prefers a Q&A format. Attendee questions revolved around US political economy, domestic and global. He discusses topics such as healthcare, de-dollarization, and the impact of economic policies on the working class. He emphasizes the need for a change in economic philosophy and highlights the government's ability to create money for social programs.A common Hudson theme is the difference between the production and consumption economy, or what he calls the real economy, and the financial sector of assets and liabilities, of loans and debts, which is superimposed on the real economy.“Money is spent in the real economy, but bank credit is spent really just to increase the debt overhead in the economy — the overhead of mortgage debt, of corporate debt, and speculative debt.”A Michael Hudson episode always sparks lively, sometimes contentious, comments. His insights on finance, politics, and class

**Tuesday, October 24th, join us for an informal Zoom meeting where we will be listening and discussing this episode. 8 pm ET/5 pm PT. Find the registration link at https://realprogressives.org/event/macro-n-chill-247/ As a society we are conditioned to believe we can f*ck with nature, with the living world, but the economy is immutable. We dare not try to change it. As MMTers we say: hahahahaha... *sob* These two assumptions explain why we’re hurtling towards ecological catastrophe and why austerity has become a way of life. Steve’s guests this week are Colleen Schneider and Christopher Olk. They are co-authors, with Jason Hickel, of the paper, How to Pay for Saving the World: Modern Monetary Theory for a Degrowth Transition. Any listeners who have paid attention to Real Progressives’ journey over the past couple of years will be excited to add Colleen and Christopher’s insights to their intellectual arsenal. They are those rare scholars who manage to be both realistic and optimistic. (They are not suggestin

**Don’t forget to register for Macro ‘n Chill. Come listen to the episode together and discuss it on Tuesday evening at 8 pm ET/5 pm PT. This week’s registration link is at https://realprogressives.org/event/macro-n-chill-246/Carlos García Hernández is the author of Fiat Socialism: Achieving the Goals of Socialism through Modern Monetary Theory. He lays out the five goals of fiat socialism:Full employmentFull and prudent use of material resourcesThe guarantee of the five essentials to every citizen: food, housing, clothing, health services, and educationSocial security at all major exposed points in the social structure (eg, old age, sickness, accident, temporary unemployment, and childbearing)Labor standards, to be assured by labor unionsCarlos maintains that any society achieving these five goals at the same time and permanently should be called socialist, no matter the size of the private sector.Steve and Carlos discuss the philosophical foundations of both fiat socialism and Marxism. They also look at the

**Tuesday evenings, Real Progressives and friends gather on Zoom for a listening party and discussion of Macro N Cheese. To register, go to the events calendar on our website and look for the upcoming Tuesday: https://realprogressives.org/rp-events-calendar/ This week’s episode welcomes back Fadhel Kaboub, a valued friend of this podcast. He and Steve discuss the concept of just transition and the problems with carbon markets as a solution to climate change. They stress the injustice of historic polluters buying carbon credits to continue polluting while displacing vulnerable communities in developing countries. It is yet another capitalist solution. The current global financial architecture, established during colonial times, is neither designed to address the climate crisis nor to promote sustainable prosperity.They emphasize the need for systemic change and a new vision for Africa and the global South that prioritizes food sovereignty, energy sovereignty, and industrial policy. They talk about the power dy

A head of state whose economic policies promote austerity and fiscal responsibility is:ConservativeProgressiveN/A (not applicable)Daniel Conceição is with us for his third visit to Macro N Cheese. He and Steve discuss the failures of both right and left governments. Some broad strokes of Brazil’s historical patterns are not so different from those in the US. The last left(ish) president, Dilma Rousseff, abandoned her Leninist roots and hopped aboard the privatization train. It wasn’t enough to protect her from impeachment, however.It’s easy to see parallels between Bolsonaro and Trump as well as the lesser evilism we’re facing in both our countries today. Despite President Lula's progressive rhetoric, his economic policies prioritize deficit reduction. His administration is committed to delivering fiscal results to financial markets over public investment in education, healthcare, and other social services.Daniel touches on the “dollarizing” of Argentina's economy and explains that it can only exacerbate inst

“The impossibility of economic catch-up does not imply that the citizens of the global South are condemned to suffer from poverty and inequality. It only implies that capitalism has nothing to offer as a prospect of a decent life for the vast majority of humanity...”In this webinar from our popular RP Live series, Ndongo Samba Sylla tells us of the challenges facing Africa through the story of Thomas Sankara and breaks down what Sankara meant when he told the people to "live as African.” Ndongo suggests that the way forward combines the insights provided by MMT with Sankara’s plans for African liberation and development. He calls it MMT-ing Sankara or Sankara-ing MMT. Since some see MMT as apolitical, Ndongo is making a crucial point. He also goes into detail as to why cancelling international debt, though necessary, is not enough.After his presentation, Ndongo takes questions from attendees on the role of BRICS and potential benefits for Africa in a multi-polar world. He touches on the CFA franc and explains

**If you’d like to discuss this episode with friends and comrades, join our Macro ‘n Chill listening party on Tuesday evening at 8 ET/5 PT. For the Zoom registration link, go to realprogressives.org/rp-events-calendar/Understanding how monetary sovereign governments create and spend money means looking at the Treasury department and the central bank or, in the US, the Federal Reserve.Economist Eric Tymoigne explains two approaches to understanding the relationship: the consolidated and the collaborative, or cooperative, version of the Treasury and the Fed.The consolidated approach merges the Fed and the Treasury into one entity and analyzes the implications of this merger on public finance. It emphasizes that taxes and government securities don’t fund the government, but rather, the government spends by crediting accounts. (This comes as no surprise to MMTers.)The consolidated approach also highlights the importance of injecting reserves into the economy before taxes can be collected or government securities

**On Tuesday evenings, Real Progressives hosts Macro ‘n Chill, an informal listening party for members of the community to discuss an episode of this podcast. For the Zoom registration link go to realprogressives.org/rp-events-calendar/When someone associates Modern Monetary Theory with left or right wing politics, they’re signaling they know nothing of MMT and are simply associating it with some of its proponents. MMTers are political, MMT is not. Regarding degrowth, this week’s guest, Bill Mitchell, explains:“The way I think about it is that MMT is compatible with deep, hard industry pollution and massive growth if you want it to be. And it is also compatible with a highly sustainable strategy to reduce our reliance on mass consumption and to divert our economic activity, which we normally think is gross domestic product, to divert that into sustainable products. In other words, radically change the composition of our output.”In other words, MMT neither supports nor opposes the degrowth agenda. In this epis