Today we face several crises that have either grown out of the distortion of our economy and our politics or are unsolvable because of them – including inequality, climate change, social division, crippled government, and endangered democracy. In her book, REIMAGINING CAPITALISM, REBECCA HENDERSON calls for us to abandon two ideas from the 1970s at the root of our troubles: First, that business should dominate politics and write its own rules; and second, that the sole purpose of corporate behavior is to enhance shareholder value. You can learn more at reimaginingcapitalism.org
I talk with EMMANUEL SAEZ, UC Berkeley economist, about his newest book, THE TRIUMPH OF INJUSTICE: How the Rich Dodge Taxes and How to Make Them Pay – co-authored with Gabriel Zucman. The pair grabbed headlines when their book reported that in 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than the working class. Their solutions include a wealth tax, and they’ve advised Elizabeth Warren and Bernie Sanders on their proposals. You can learn more at taxjusticenow.org
I've invited three people to begin a conversation with me about what's broken at the intersection of our society, our politics, and our economy, how it got broken, and how we can fix it.
ROB JOHNSON served as chief economist of the US Senate Banking Committee, was a Management DIrector at Soros Fund Management, and is now Executive Director of the Institute for New Economic Thinking (INET), funded by Soros to encourage and support a rethinking of the fundamentals of economics so that they take into account the role of human behavior including politics.
R J ESKOW, a former executive and consultant on matters of finance and information technology, to AIG, the World Bank and the State Department, is a prolific blogger at the Huffington Post and Campaign for America's Future.
DREW DELLINGER is a poet, teacher, activist and founder of Planetize the Movement. He is currently finishing his doctoral dissertation on the last years of Martin Luther King Jr., and co-wrote the documentary film, The Awakening Universe.
ESTHER DUFLO, a Professor of Economics at MIT, has received numerous honors including a John Bates Clark Medal for the best American economist under 40 in 2010, a MacArthur "genius" Fellowship in 2009. She was recognized as one of the best eight young economists by the Economist Magazine, one of the 100 most influential thinkers by Foreign Policy, and one of the "forty under forty" most influential business leaders under forty by Fortune magazine in 2010.
Together with Abhijit Banerjee and Sendhil Mullainathan of Harvard University, she founded the Abdul Latif Jameel Poverty Action Lab in 2003, and authored with Banerjee, the new book, POOR ECONOMICS: A Radical Rethinking of the Way to Fight Global Poverty