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Oct. 3, 2023

E13: Where Bernie Sanders went wrong, PMC Socialists, and Student Loan Relief

E13: Where Bernie Sanders went wrong, PMC Socialists, and Student Loan Relief

Economist Noah Smith and Erik Torenberg discuss the legacy and failings of Bernie Sanders’ movement with regards to privatization, student loans, healthcare, and the wealth gap.

Economist Noah Smith and Erik Torenberg discuss the legacy and failings of Bernie Sanders’ movement with regards to privatization, student loans, healthcare, and the wealth gap. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102

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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

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LINKS:

- Here are Some Better Versions of Bernie Sanders’ Ideas https://www.noahpinion.blog/p/here-are-some-better-versions-of

James Galbraith - https://en.wikipedia.org/wiki/James_K._Galbraith

Robert Reich - https://en.wikipedia.org/wiki/Robert_Reich

Barbara Ehrenreich - PMC Socialism - https://library.brown.edu/pdfs/1125403552886481.pdf

Pivotal Decade by Judith Stein: https://amzn.asia/d/ao86cew

X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

Timestamps

(00:00) Episode Preview

(01:32) The Bernie movement’s evolution

(05:00) Factionalism and aggression marking the approach of socialists

(15:36) Glass-Steagall litmus test

(19:00) Sponsors: Daffy | NetSuite

(21:11) Can neoliberalism work?

(22:34) Biggest mistakes of privatization: the non-profit industrialization complex

(26:18) Lack of industrial policy is a pro-finance policy

(27:30) Chief neoliberal shill

(30:05) How Biden is carrying forward the legacy of Bernie’s movement

(34:10) Inflation killed student loan relief (besides the courts)

(41:00) How Bernie bungled his egalitarian movement

(48:45) Wealth tax

(50:55) Healthcare