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Steve is joined by Thomas Fazi, co-author of Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World.
Fazi believes there’s an undeniable connection between the historic defeat of the left over the past thirty years and the dissolving of national sovereign power as we’ve transferred the tools of economic policy to supranational organizations which are outside the control of citizens.
The first part of the 20th century saw the gradual integration of the masses into the democratic processes of western political systems. This posed a great threat to capital, auguring the possibility of its power being curtailed.
Universal suffrage had been hard won in these nations, so the neoliberal solution was to hollow out the power of the ballot box. Formal political rights could be kept in place but by separating the mechanisms for democratic policy making from economic policy, they were able to render worthless traditional means of affecting change.
The Eurozone is the most extreme example, but other western democracies were similarly disemboweled through the shifting role of so-called independent central banks as well as bilateral and multilateral trade treaties which increasingly prohibit progressive government intervention in the economy.
Fazi maintains there is nothing free about the free market, which continues to need state intervention in the economy to forward the interests of capital, which could still make it vulnerable to mass democracy. He believes the left should acknowledge that our political, economic and social rights were all won within the context of the nation-state. And that is where power must be reclaimed.
www.plutobooks.com/9780745337326/r…ming-the-state/
Follow Thomas Fazi on Twitter @battleforeurope and Facebook www.facebook.com/thomasfazi
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Steve is joined by Thomas Fazi, co-author of Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World.
Fazi believes there’s an undeniable connection between the historic defeat of the left over the past thirty years and the dissolving of national sovereign power as we’ve transferred the tools of economic policy to supranational organizations which are outside the control of citizens.
The first part of the 20th century saw the gradual integration of the masses into the democratic processes of western political systems. This posed a great threat to capital, auguring the possibility of its power being curtailed.
Universal suffrage had been hard won in these nations, so the neoliberal solution was to hollow out the power of the ballot box. Formal political rights could be kept in place but by separating the mechanisms for democratic policy making from economic policy, they were able to render worthless traditional means of affecting change.
The Eurozone is the most extreme example, but other western democracies were similarly disemboweled through the shifting role of so-called independent central banks as well as bilateral and multilateral trade treaties which increasingly prohibit progressive government intervention in the economy.
Fazi maintains there is nothing free about the free market, which continues to need state intervention in the economy to forward the interests of capital, which could still make it vulnerable to mass democracy. He believes the left should acknowledge that our political, economic and social rights were all won within the context of the nation-state. And that is where power must be reclaimed.
www.plutobooks.com/9780745337326/r…ming-the-state/
Follow Thomas Fazi on Twitter @battleforeurope and Facebook www.facebook.com/thomasfazi
Coming Soon
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Episode 109 - Institutions with Linwood Tauheed
Episode 108 - Knowledge is Power with Rev. Delman Coates
Episode 107 - We Are Losing the Media War with Jordan Chariton
Episode 106 - Reform or Revolution with Danny Haiphong
Episode 105 - The Case for Scottish Independence with Kairin Van Sweeden
Episode 104 - Focus on the Family with June Carbone
Episode 103 - Anatomy of a Job Guarantee with Fadhel Kaboub
Episode 102 - The Global Scourge of Neoliberalism with Patricia Pino
Episode 101 - Beat Back Better: Organizing in 2021 with Emma Caterine
Episode 100 - Flying with Sara Nelson
Episode 99 - A Modern Debt Jubilee with Steve Keen
Episode 98 - Imminent Collapse with L. Randall Wray
Episode 97 - Solidarity with Joe Burns
Episode 96 - Treasury's Gift To The Fed with Robert Hockett
Episode 95 - The Land Value Tax with Joshua Vincent and Rich Nymoen
Episode 94 - Political Sobriety with Rohan Grey
Episode 93 - The Public Banking Act with Rohan Grey
Episode 92 - Propaganda and the Vortex of Centrism with Esha Krishnaswamy
Episode 91 - Crisis Management with Warren Mosler
Episode 90 - The MMT Sequence with Warren Mosler
Episode 89 - Juxtapositions with Bill Mitchell
Episode 88 - Debt Deflation and the Neofeudal Empire with Michael Hudson
Episode 87 - A Just Transition Through Participatory Governance with Cindy Banyai
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Episode 85 - Shadow Banking with Robert Hockett
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Episode 83 - Mutual Credit and the War on Cash with Brett Scott
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