Ralph Nader Radio Hour

Ralph welcomes New York Times reporter, Binyamin Applebaum, author of “The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society” about how Chicago School economists of the late ‘70s and early ‘80s “who believed in the power and the glory of markets… transformed the business of government, the conduct of business, and, as a result, the patterns of everyday life.”Binyamin Appelbaum is the lead business and economics writer on the Editorial Board of the New York Times. From 2010 to 2019, he was a Washington correspondent for the Times, covering economic policy in the aftermath of the 2008 crisis. He previously worked for the Charlotte Observer, where his reporting on subprime lending won a George Polk Award and was a finalist for the 2008 Pulitzer Prize. His latest book is The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society.The central attraction of neoliberalism—of market fundamentalism— is that it tells rich and powerful people that they are right and good. It