The Marc Steiner Show

Jaunary 21, 2009

Soviet bread lines warned that the communist economic model would fail, as it did in 1991. Western free market capitalism has recently suffered an intense, and possibly mortal, blow. What comes next? What should the world financial system look like? How will President Obama structure American economic policy to get us through this crucial period? 

Economist Anirban Basu, Chairman and CEO of The Sage Policy Group, joins Marc this hour to discuss our economic future.

Due to a small glitch with the studio recording equipment, a few seconds of Marc’s intro were cut from today’s episode. We apologize for any inconvenience.

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Written by Marc Steiner

Marc Steiner

The Marc Steiner Show airs Monday thru Friday from 10AM to Noon on WEAA 88.9 FM. The show covers the topics that matter, engaging real voices, from Charm City to Cairo and beyond. Call us at 410.319.8888 or email us to participate live in the show, or share your comments on our site! Aren’t in Baltimore but want to listen? Stream the show live.


Comments

  1. I enjoyed the conversation with Dr. Basu today. I was pondering what it means to think of ourselves as consumers or producers. I got to thinking about what it means to be a producer–in particular a producer of what.

    As my wife and kids will tell you when it comes to producing things for the house or doing small repairs on the car, I couldn’t even put together a desk from a store like IKEA and you don’t want me anywhere near an engine. So, in some sense I am bad at “producing” just about anything.

    However, that is only considering “production” in one sense. I cook for my family almost every day, have taught my three sons to cook, and make conscious decisions about what we eat. Does the combination of conscious choices that produce a health family and independent children make me a producer within the community? I teach students in classes (about health economics). Am I a producer? I teach Sunday school. Does that make me a producer in my church community? I write music that is shared by a few. Where does producing art fit into the discussion of producing?

    I don’t have any easy answers. I am mostly trying to push the discussion a little beyond “producing” as in making things (like the infrastructure that was also an important part of the discussion) and think about equating being a producer with making a contribution. A contribution can be made in lots of ways other than “producing” in the sense we might typically consider–and it remains much different from living a life focused only on consuming.

    I am glad that today’s discussion gave me so much to think about.

  2. all you or anirban need to know about capitalism has been written:

    Oh the shark has pretty teeth dear,
    And he shows them pearly white
    Just a jack-knife has Macheath dear
    And he keeps it out of sight.

    or, karl marx das kapital

    or che guevara collected works

    You might just as well read selections from these works, in my opinion.

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