Apr 13, 2019
Alan Nasser joins
Steve to discuss his new book Overripe Economy: American Capitalism
and the Crisis of Democracy. Alan is Professor Emeritus of
Political Economy & Philosophy at The Evergreen State College.
His prediction of a new economic crisis is substantiated by a
thorough exploration of the history of capital development as it
passed from its most productive stage, the “Golden Age” from 1949
to 1973, into this new financialized economy, where massive profits
are no longer invested in growth, but are used for stock buybacks
and price manipulation. He speaks of “disaccumulation” and
maintains that capital’s only job is to increase itself. Nasser
insists we must look to the government for investments that support
the public purpose.