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.
AlanNasser.org