On unemployment.
The Covid crisis has led to millions out of work - but the situation was none too rosy before, either. Post-crisis recoveries seem increasingly 'jobless', while the overall labour force participation rate keeps falling as people drop out entirely.
We interview to Liz Pancotti of Employ America for a picture of what's driving US unemployment.
Then we talk to Aaron Benanav about his new book and learn that it's not robots who are stealing jobs, but rather capitalism's own stagnation. Why are both radical Keynesian ideas and UBI proposals no real solution? And, finally, what is the working class to do in a world with depressed demand for labour?
Running order:
Readings:
/419/ Who Owns Power ft. Fred Stafford (sample)
/418/ Neoliberal Order Breakdown System, German-Style ft. Gregor Baszak (sample)
/RE-RELEASE/ Silvio Berlusconi: An Oral History
/417/ Has India passed peak Modi? ft. Achin Vanaik
/416/ Aufhebonus Bonus (sample)
/415/ Left-Populism That Works? (II) ft. Juan David Rojas
/414/ Zone of Banality or the Authority of Evil?
/413/ Left-Populism That Works? (I) ft. Roger Lancaster
/412/ No Future But Future Music ft. Simon Reynolds
/411/ What Kind of American Are You?
/410/ Reading Club: Deutscher's Stalin
/409/ Palestine, Protest, Repression: The Wider Context
/408/ Was It Raining When You Fled Paris? ft. Peter Gourevitch
/407/ Beyond Bare Life ft. Dustin Guastella
/406/ AufheBonus Bonus (sample)
/405/ Size Queen Nation ft. Christie Offenbacher & Benjamin Fife (sample)
/404/ Emotion Sickness: The Politics of Feelings (IV) ft. Catherine Liu (sample)
/402/ Revolution and Conservatism, e.g. in Mexico ft. Roger Lancaster (sample)
/403/ Reading Club: Habermas on Social Media (sample)
/401/ Modernity is Very Gay ft. Roger Lancaster
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