December 19, 2017 – Insurance and Neoliberalism in America
As part of our ongoing conversation series with the Johns Hopkins Seminar in AmericanCapitalism, we talk with MIT History Professor Dr. CaleyHoran about her book project, Actuarial Age: Insurance and the Emergence of Neoliberalism in the Post WWII United States. Horan’s work explores how insurance and risk-based economics helped shape the neo-liberal world we now inhabit. I had never before considered how private insurance has undermined social safety nets and help build Capitalism since WWII, and I found our discussion to be eye-opening.
We take a look at the Trans-Pacific Partnership, a trade agreement that covers 40% of the world’s economy. With: Dr. Margaret Flowers, organizer with Popular Resistance, co-Director of ItsOurEconomy.us, co-Host of ClearingtheFOGRadio.org, and candidate for Senate; and Dr. M.G. Quibria, Professor of International Development at Morgan State University, former Senior Adviser for the Asian Development Bank Institute, and Distinguished Fellow at the Policy Research Institute in Bangladesh.
We examine the economic situation in Greece, with: Bhaskar Sunkara, founding editor of Jacobin and a senior editor at In These Times; Kostis Papadantonakis, retired Professor of Economics, Community College of Baltimore County; Mark Weisbrot, Co-Director of the Center for Economic and Policy Research in Washington, D.C., President of Just Foreign Policy, and co-author of Social Security: The Phony Crisis.
We close out the show with a special archive edition of The Marc Steiner Show, as a panel of political scientists and economists wrestle with the question: “Can 21st Century Capitalism And Marxist Theory Coexist?”
Our panel includes: Dr. Steven Isberg, Associate Professor of Finance in the Merrick School of Business at the University of Baltimore; Dr. Samuel Chambers, Associate Professor in the Department of Political Science at the Johns Hopkins University; Dr. Linda Loubert, Assistant Professor in the Economics Department at Morgan State University; andDr. Richard D. Wolff, Professor of Economics Emeritus at the University of Massachusetts, Amherst, and author of a number of books including Democracy at Work: A Cure for Capitalism.
Podcast will be available soon for this archive edition of the show.
We speak with Karl Alexander, Research Professor in the Department of Sociology at Johns Hopkins University and co-author of The Long Shadow: Family Background, Disadvantaged Urban Youth, and the Transition to Adulthood. We talk about a 30-year study in which Alexander and his team tracked 800 children in Baltimore from first grade until their late 20’s to discover what factors determine success. The study found that a child’s fate is often determined by family strength and the parents’ financial status.
We then discuss the findings with Bill Fletcher, Senior Scholar at Institute for Policy Studies; Dr. Karsonya “Kaye” Whitehead, Assistant Professor of Communication and Affiliate Assistant Professor of African and African American Studies at Loyola University Maryland; Jordan Bloom, Opinion Editor for the Daily Caller and board member of Alumni for Liberty, a project of the Students for Liberty; and A. Adar Ayira, project manager of the More in the Middle Campaign for Associated Black Charities and facilitator and analyst at Baltimore Racial Justice Action, a program of Fusion Partnerships.
Dedrick Muhammad, Senior Director of the Economic Department and Executive Director of the Financial Freedom Center at the NAACP, joins us to provide commentary on a study released last week out of Stanford University, finding that the “segregation of families by socioeconomic status” — i.e., the rich living among the rich and the poor living among the poor — has increased rapidly in recent decades.
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