Did you know the government doesn’t spend your taxes?Welcome to the world of Modern Monetary Theory, a revolutionary way of decoding our monetary systems—and making them work better for us. I’m joined by Steven Hail, economist and lecturer, who explains, using MMT, what we get wrong about money, taxes, inflation and even currency. Steven reveals how the notion of states not being able to afford certain necessities—like education, health, the green transition—is nonsense, explaining how the supply of resources impacts our economy, not running a deficit. Alongside debunking a range of money myths, he also reveals the fascinating history of taxation as a means to create a citizenry and their dependence on a centralised state.This is a technical episode, but Steven’s explanations are clear and concise, and we successfully cover a lot of ground to uncover the real relationships between governments, markets and the monetary system they swear by.Episodes referenced include my interviews with Fadhel Kaboub, Jason Hickel and Kate Raworth.© Rachel DonaldPlanet: Critical investigates why the world is in crisis—and what to do about it. Support the project with a paid subscription. Get full access to Planet: Critical at planetcritical.substack.com/subscribe
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Planet: Critical is the podcast for a world in crisis. We face severe climate, energy, economic and political breakdown. Journalist Rachel Donald interviews those confronting the crisis, revealing what's really going on—and what needs to be done. planetcritical.substack.com
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Folge vom 25.01.2024What We Get Wrong About Money | Steven Hail
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Folge vom 18.01.2024Climate is a Justice Issue | Naomi OreskesNeoliberalism is the disease which keeps on killing.But did you know the neoliberal economic gospel we live under today is a deliberate misinterpretation of the original theory? In her new book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market, historian of science Naomi Oreskes shows how a group of American plutocrats distorted the the conservative teachings of Friedrich van Hayek’s theory of neoliberalism in order to plunder the world’s resource, unleash the markets, and undermine federal power. Naomi joins me today to give an incisive and brutal summary of why our world is in crisis, detailing the criminal avarice of these plutocrats; how institutions, lobbyists and corporations continue to undermine democracy; and why a renewable world threatens the powers that be. This phenomenal explanation shows why the climate crisis is not a scientific problem, but a political, economic and social issue, with Naomi revealing tactics civilians used throughout history against the destructive elite.© Rachel DonaldPlanet: Critical investigates why the world is in crisis—and what to do about it. Support the project with a paid subscription.‘It’s Not the End of the World’ book assumptions & omissions spark debateCheck out my latest episode on Mongabay’s Newscast in Hannah Ritchie and I go head-to-head about her book, It’s Not the End of the World, and the data omissions which paint a far rosier picture of the polycrisis than her backer, Bill Gates, would have us believe. Get full access to Planet: Critical at planetcritical.substack.com/subscribe
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Folge vom 11.01.2024Becoming Ungovernable At Scale | Fabian DablanderWe can’t do this without taking power back.But with the systems of power so effectively tied up in the complex system of unelected officials, hidden relationships and the ownership of natural resources, there seems to be no clear strategy for taking power back. One theory of change is putting pressure on the system until it caves—becoming ungovernable at scale.Fabian Dablander, an energy transition researcher at the University of Amsterdam, and a member of the activist group Scientist Rebellion joins me to discuss that strategy: Is it possible? How do we do it? We also discuss nonviolence vs sabotage, hope and denial, and the tipping points of social change. We then confront power: Where does power lie? How much is power willing to give up? And should we recognise that power is not willing to come to the table to negotiate?© Rachel DonaldPlanet: Critical investigates why the world is in crisis—and what to do about it. Support the project with a paid subscription. Get full access to Planet: Critical at planetcritical.substack.com/subscribe
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Folge vom 04.01.2024Keep Trying in 2024 | Rachel DonaldOne week ago I emailed my subscribers and asked them to submit any burning question they may have about me or Planet: Critical. I expected most questions to be personal, about me and my journey. Instead, most were asking for advice or my opinion on the state of the world. I guess I never thought about the moment when I would become more than the interviewer, but three years of Planet: Critical have furnished me with more knowledge, ideas and dare I say wisdom than I ever imagined possible.Thank you to everyone who submitted to the form, there were many questions to choose from, and many of them touching on similar themes. Here are the 13 I chose:* You've had many answers to your opening question, all of which go some way to approaching a single dimension of the meta-crisis. Is there a picture building in your head which brings together and synthesises these threads, or could start a conversation to do just that?* What political ideology would you say you closest identify with?* How can we quickly change the way everyone on the planet understands and engages with the causes and effects of climate change, so that we can have more concerted and faster progress to prepare for it's effects and stop it from becoming worse?* Truly deeply madly, what do you, (you personally) - based on all the knowledge and inspiration you have acquired through your interviews - think this world will look like in 2100?* What role do you see for religious innovation/improvisation in our civilisations ongoing & unavoidable decline?* Rachel: people talk of the gut/brain axis, and the heart/brain axis. When you were moving towards Planet: Critical, what was your road between your gut, your heart, and your mind?* How has what you have learned from Planet Critical changed you? Your mindset, priorities and how you live?* How important is the United States government to the health of the planet? Can climate action happen without the government?* Do you think mainstream centrist politics will ever come round to the idea of degrowth or the steady-state economy?* Can women save the world?* What helps you stay steadfast and optimistic in the face of so much knowledge of how deeply tragic our situation is?* Members of Novara Media say it is very important to them that they work in a team with editors. You seem to be all alone. How do you manage?* I listened to your episode with George Monbiot, and you both mentioned the "machine" ratcheting up. This is despite the well-meaning people shouting from the rooftops in protest for decades, if not centuries (if we reach all the way back to, say, Ralph Waldo Emerson, Henry David Thoreau and John Muir). Do you feel that your podcast and similar endeavours from other people (such as George Monbiot, Nate Hagens, Jem Bendell, James Hansen, Resilience.org etc.) make any difference or are you bound to "bark as the caravan moves on"? If the latter is the case, are you at peace with it? Is it enough for you that "you tried", as Louise Harris sings in her song that you've shared? Do you think humanity will have a change of heart at the 11th hour or do you think that the "machine" will run until it hits the hard physical, biological and climatic boundaries?Planet: Critical investigates why the world is in crisis—and what to do about it. Support the project with a paid subscription.© Rachel Donald Get full access to Planet: Critical at planetcritical.substack.com/subscribe