Manufacturing Dissent Since 1996
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After the war a medal and maybe a job2

No one knows how to define capitalism, We have no clue what it is. So just a basic understanding of the fact that we live in an economic system that has as its engine, the quest for profit. And it's not about individual greed. We need to stop with the idea that, ‘oh, it's all because people are greedy’. No, I'm sorry. Again, people are not greedy. The point is that the systemic engine of our economic system is profit. Meaning in making more money than you originally invest. And that this investment for profit is in the hands of very few private investors who have no other logic in mind. And this logic is completely detached from the actual human instinct, right? Because it is all about maximizing the gains of shareholders while this is destroying people, destroying the climate, and destroying every aspect of our life, our mental health leading to the violence and the drug abuse. We can't understand all these social maladies without linking it to the way we're socialized in this world.  The hardship that everyone has to go through. The fact that we don't even have proper education systems anymore because this is functional to an economy that operates according to logic that is not for us.

Clara E. Mattei, a professor of economics at The University of Tulsa. She is the Founding President of FREE—the Forum for Real Economic Emancipation—and the author of "The Capital Order”, which was praised by The Financial Times as one of the ten best economics books of 2022 and has been translated into over a dozen languages. Clara joins This Is Hell! to talk about her new book, "Escape from Capitalism: An Intervention”, by Simon & Shuster.

We will have new installments of Rotten History and Hangover Cure. We will also be sharing your answers to this week's Question from Hell! from Patreon.

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Episode 869

Limited Viability

Oct 3 2015
Posted by Matthew Boedy

On this day in rancid, ugly, horrible, putrid, rotten history . . .

On this day in 1935 – [80 years ago today] Ethiopia was invaded by the armed forces of Benito Mussolini’s Italian Fascist regime, which numbered more than a million and included fighters from Libya, Eritrea, and other client states. The invaders were equipped with the latest in modern aircraft, tanks, artillery, and poison gas. Ethiopia’s Emperor Haile Selassie, meanwhile, having foreseen the approach of war, had only managed to raise a defense force of some half-million soldiers, most of whom received little or no training. Some of the Ethiopians had vehicles and weapons that, though outmoded, were still functional -- but others had only bows, spears, and swords. They were quickly overrun, and within a few months Mussolini was acclaimed by enthusiastic crowds in Rome, having declared a new Italian empire in East Africa. The occupation lasted several years, but began losing its grip in the late 1930s as Mussolini joined forces with Nazi Germany and diverted his attention and esources toward wider wars elsewhere. Later, after regaining its independence in 1947, Ethiopia would cite a death toll of more than seven hundred thousand people.     


On this day in 1963 – [52 years ago today] Military forces in Honduras staged a violent coup d’etat just ten days before scheduled national elections. The ousted president, Ramon Villeda Morales, had pushed for democratic reforms, new labor laws, and improvements in public health, education, and infrastructure. But his agrarian measures, which included expropriation of foreign-owned agricultural land, had been criticized by business interests in the United States. Powerful right-wing elements in Honduras had not only accused him of communist sympathies, but also opposed the like-minded candidate who was widely expected to be elected to succeed him. After Villeda Morales was overthrown and exiled to Costa Rica, US president John Kennedy condemned the coup and recalled the US ambassador. But fourteen months later, Kennedy’s successor, Lyndon Johnson, established new ties with the Honduran military government, which would remain in power until 1982.

Posted by Matthew Boedy

Listen live tomorrow 9AM - 10AM Central on WNUR 89.3FM or stream here at thisishell.com

9:10AM - Economist John Kay proposes a new framework for a post-crisis financial system.

John is author of the new book Other People's Money: The Real Business of Finance from Public Affairs.

Sep 26 2015
Posted by Matthew Boedy

Here's what Chuck is reading this week to prepare for Saturday's show:

John Kay - Other People's Money: The Real Business of Finance [Public Affairs Books]

John Cassidy - Five Things Jeremy Corbyn Has Right [New Yorker]

Morten Jerven - Africa: Why Economists Get it Wrong [Zed Books]

Alice Dreger - Galileo's Middle Finger: Heretics, Activists, and the Search for Justice in Science [Penguin]

Episode 867

Revolution Brewing

Sep 19 2015
Posted by Matthew Boedy

Listen live tomorrow 9AM - 10:30AM Central on WNUR 89.3FM or stream here at thisishell.com

9:10 - Historian Ray Raphael explores the politics behind America's revolutionary moment.

Ray is co-author (along with Marie Raphael) of the book The Spirit of 74: How the American Revolution Began from the New Press.

9:50 -  Filmmaker Leslee Udwin follows a rape, a backlash, and a political movement in India.

Leslee is the director of the documentary India's Daughter. She'll be screening and talking about the film on Wednesday night at the Siskel Film Center. Listen live to win tickets!

Episode 866

Childhood's Endstage

Sep 12 2015
Posted by Matthew Boedy

Listen live tomorrow 9AM - 1PM Central on WNUR 89.3FM or stream here at thisishell.com

 

9:15 - Economist Michael Hudson explains how finance became capitalism's driving force.

Michael is author of the new book Killing the Host: How Financial Parasites and Debt Destroy the Global Economy

 

10:05 - Jacobin editor Megan Erickson explores childhood in an age of austerity and division.

Megan's new book is Class War: The Privatization of Childhood from Verso Books.

 

11:05 - Sociologist Javier Auyero profiles daily life in Argentina's most dangerous neighborhood.

Javier is co-author (along with María Fernanda Berti) of In Harm's Way: The Dynamics of Urban Violence from Princeton University Press.

 

12:05 - Writer Michelle Chen looks to the present and future of digital labor organizing.

Michelle wrote the article The Unionization of Digital Media for The Nation.

 

12:45 - Jeff Dorchen bashes (from the left) a left-basher bashing from the left.

We're worried that many left turns puts Jeff on the right.

Posted by Matthew Boedy

Here's what Chuck is reading this week to prepare for Saturday's show:

Michael Hudson - Killing the Host: How Financial Parasites and Debt Destroy the Global Economy

Megan Erickson - Class War: The Privatization of Childhood

Javier Auyero & María Fernanda Berti - In Harm's Way: The Dynamics of Urban Violence

Michelle Chen - The Unionization of Digital Media