Back in 1943 the Polish economist Michał Kalecki published one of the all-time great essays about political economy, “The Political Aspects of Full Employment.” We dig into his argument and how it holds up applied to the 2024 election. Then we turn to an essay in Spectre Journal called “‘Experience’ as the Best Teacher” by Vanessa Wills about the intellectual approach (or lack thereof) of Joe Rogan, and what it reveals about his class position.

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Today we are talking Elon Musk’s alleged retreat from DOGE, the ungodly horrors he has unleashed in that time, and why someone would commit such evil. Then we move on to Trump’s loss in tariff court, his prospects at the Supreme Court, the lie about “white genocide” in South Africa, and what’s going on in Gaza and Ukraine.

Check out Ryan’s piece on Musk leaving here, David Dayen’s piece on Trump’s tariff smackdown here, and the documentary series on Larry Krasner here.

Back in 2011 Peter Frase wrote an article for Jacobin called "Four Futures," later turned into a book, speculating about how politics and the economy might evolve in the future as automation progresses. The four possibilities, outlined in broad strokes, are: communism, rentism, socialism, and exterminism. Fourteen years on, how have his predictions borne out, with the rise of global temperatures, green energy, and artificial intelligence?

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Today we have economist and YouTuber Cahal Moran on to talk about his book Why We're Getting Poorer: A Realist’s Guide to the Economy and How We Can Fix It. We discuss what the economics profession has learned since 2008, what lessons the left can learn from it, why lefty YouTubers seem to be rather weak in this area, and more. Enjoy!

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Today we've got David Dayen on to talk about the big Apple decision limiting fees on the company's app store, and then the building supply disruptions thanks to Trump's tariffs, which look to be comparable to what happened during the pandemic. Gulp.

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What the heck is going on with the economy and the markets? We've got financial expert George Pearkes on to discuss tariffs, stocks, whether the bond market is blowing up, and the economy writ large.