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- [00:10]
A
Welcome friends to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives, jobs, incomes, debts, those of our children and those looking at us down the road. I'm your host, Richard Wolff. I want to begin today by noting a very important election for several reasons. I'm speaking of the re election of Kishama Sawant to the City Council in Seattle, Washington. Sawant began her career in an interesting way. Back in 2013, she declared her candidacy for the City Council with a criticism of the city having become in effect a company town. The company in question, Amazon, which is the giant, the Goliath in this community for many reasons. She was also an outspoken and by self identification socialist, a Marxist, someone with a critical attitude not just to the conditions and problems of Seattle, but to the larger problems of an American capitalism that she said wasn't working for the majority of the people, including those in her district that she wanted to represent. To the surprise of many, a kind of surprise similar to what greeted AOC in Queens, New York or Bernie Sanders back in the presidential race of 2016, she discovered that the openness of American people to socialist thinking and socialist ideas and socialist alternatives was much stronger than the media, academia and Republican and Democratic politicians like to admit. So she ran and she was elected and she was re elected. And now In November of 2019, she was re elected again, but with this additional difference. Rather late in the campaign, the Amazon Corporation afraid of Kishama Sawant and other members of the political community contesting for seats on the City Council. They began to be afraid that there might be a majority on the council, perhaps led or at least influenced by Kashama Sawant that would do something about the exploding housing prices, the growing homelessness, all the secondary effects of what Amazon wants to do in making the community serve its profit driven needs. So they did an extraordinary thing. Amazon gave a million dollars of donation to the enemies of all of this, including the enemies of Kishama Sawant. So here we have a corporation, one of the biggest in the world, whose president is the richest person in the world. Jeff Bezos, setting itself against a city council race in a city. Talk about David and Goliath. And the important thing is they lost. Amazon lost, the people it supported lost and a number of those critical won seats on the city council. The lesson don't think that if you're critical of capitalism, if you're interested in a socialist alternative, that you are necessarily foredoomed to lose in the political battles of the United States, recent history, including Kashama Sawant's race proves the opposite. The second topic I want to deal with today and introduce you to, if you're not familiar with it, is is the problem of obesity overweight. The United States has the dubious distinction of having the worst obesity problem in the world, according to the World Health Organization and the Centers for Disease Control, the people who monitor this situation. Let me give you some of the basic statistics. In 1990, right? That's roughly 30 years ago, 15%, 1 out of 6 roughly US adults were obese. Twenty years later, 2010, 36 states out of 50 had rates of obesity over 20%, an enormous increase. Twelve states had obesity rates over 30%. In other words, it had doubled between 1990 and 2010. In 2015-16, the most recent years for which we have information, obesity among American adults, 39.8%. Now, why is it important to keep track of overweight of obesity, serious overweight, not just a little, but to qualify as obese, you have to be considerably above the normal weights for your age, your height and so on. Here are the medical profession's statement about how obesity can cause disease. The diseases most affected by obesity, heart disease, stroke, type 2 diabetes and certain types of cancer. These are the leading causes of preventable early death. The estimated annual medical cost of obesity in the United States is Now listed as 147 billion, with a B dollars, a catastrophic loss. Medical costs for people who are obese are systematically higher than medical costs for people who are not. And the difference is tabulated here in the United States as $1,429 higher than for people with normal weight. The medical cost, the personal cost, the financial cost of obesity are severe. Here are the 10 states with the worst problem of obesity in the United States. Draw your own conclusions, reading from the worst to the 10th worst, number one to the 10 Mississippi, West Virginia, Kentucky, Tennessee, Alabama, Oklahoma, Louisiana, Arkansas, Delaware and Ohio. What's the cause here? Everyone understands the number one cause is fast food. High in calories, low in nutrition that Americans eat way too much of. And what drives that is the profit to be made from it. Corporations advertise to beat the band, making enormous amounts of money because the billions they lay out on advertising come back and even more billions in the purchases, particularly by middle and lower income people, of fast food that's high in calories. And the other side of the equation, too little physical activity. So you take in too many and you burn off too few. It is extremely expensive. It does generate certain industries. The estimate of the anti obesity industry. You Know the people who sell you for profit, this ointment or that pill or this procedure, roughly 72 billion. I mean, it's on and on. We all pay the costs because obese people having higher medical expenses do turn to Medicare and other supports which are tax funded. And so it comes to all of us. It's a crisis. It has been a crisis for a long time. But America as a society has been unable to find or implement an adequate solution. And my guess would be there's no willingness to confront the profit making, fast food, low quality industry whose profits protect it from what should be done in the interests of public health. Recently I had an opportunity to speak at the soho Forum, which is a forum organized by of and for libertarians. They were kind enough to invite me. I went and I don't think I was terribly successful in getting them to understand the issue. So I thought I would respond a little bit here so that you all could share a little bit in it. The first thing that struck me about this libertarian forum were the arguments of my other debater, the one debating against me that kept referring to the problem of socialism being that Russian leadership under socialism and Chinese had killed millions of people. I always find this a bit bizarre way of arguing about economic systems, a kind of a body count approach. But okay, if that's what they want to do, let's make a comparison. Capitalism has been the dominant system for the last 150, 200 years, pretty much around the world. What's its record in terms of the killing of people out of capitalist competition, capitalist enmity inside countries, across countries? Well, it's way in excess of anything the socialists could claim. Let's start with World Wars I and 2. I mean, conservatively, those killed 50 to 100 million people. So we're already in a different league. And those were wars that came out of competition among capitalist countries like Germany, England, the United States, Japan and so on. So really, are we going to go down that road? Then there's the thing called colonialism and imperialism, in which capitalist countries, mostly in Europe, went around the world killing huge numbers of people to make the whole world useful and profitable to Europe. I mean, why do you think there was a slave trade that basically destroyed Africa for hundreds of years, denuding it of its people. That was in order to bring those Africans to the Western hemisphere, first for sugar and then for cotton, which were very profitable commodities capitalists bought and sold. And then there was colonialism everywhere else in the world. First book I ever wrote was an economic study of Britain and Kenya. In East Africa. And one of the things I discovered is when the British arrived in 1895, they did a census. Four million Africans lived in Kenya. Thirty years later, they did another census. Two and a half million people lived in that little country. Over that few years, one and a half million people disappeared. That has to be chalked up to capitalism. So if you're going to go this route of counting the dead, sure, you can make a criticism of Stalin and Mao. They deserve criticism. Killing is not good anywhere. But the idea that you have found a flaw in the capitalism socialism debate is bizarre. Why would you even go down that road, especially with five minutes of reflection showing you it's not good for your side of the argument? Then there was an even stranger kind of thing. Very typical, I think, for libertarians. The fellow on the other side argued that he agreed with me that capitalism was full of flaws. I had laid those out, as I do on this program often, and he agreed with me. He said it's so bad, he would call it, in his words, crapitalism. Okay, everybody giggled. But then he kept saying to me, yeah, it's terrible, but your socialism is worse. Why? I asked. Well, he answered, because then the government will become very powerful and the government is bad. I said, really? Is the government bad by definition? Are we, like, talking in religion where God is good and the devil is bad and the world is nicely organized in that way? Is the government necessarily bad? And his basic answer to me was, yes, the government ipso facto is bad. And you don't ask why the government does something. Apparently among these folks, they don't explain it. It's just sort of given government is bad. What government does is unwanted because it's bad. The idea that the government is what it is, but because of the society in which it exists, that it doesn't come fully finished out of nowhere, but is a product of the society that it's trying to govern that doesn't seem to have gotten into that. I find that bizarre in the history of the United States when most observers would agree that both in 1929 when the stock market crashed, and again in 2008 when the stock market crashed, everybody led by the business community was. Went to the government to save us. It saved us with a New deal in the 1930s, and it saved us with the Bush and Obama stimulus programs, apparently the government sometimes does good things. So the issue is, why would the government be a necessary bad one? Well, that's as much as we have time for. We've come to the end of the first half of today's Economic Update. I want to thank our Patreon community for their support. I want to urge you all to make use of our websites and, and particularly to follow us on Facebook, Twitter and Instagram. And finally, a reminder, the book we produced this year, understanding Marxism, is a response to the many questions you send in asking for elaborations of issues that the Marxists have an argument for. If that's of interest to you, and that's why we produced the book, get a hold of it. I think you'll find this is a short, accessible introduction to, to what the Marxism we hear about is all about. Stay with me. I'll be right back for a very important interview. Welcome back, friends, to the second half of today's Economic Update. It really is with great pleasure that I welcome Our guest today, Dr. Amy S. Cleveland Kramer, who has come all the way from Southern Arizona, where she is a professor of economics at Pima Community College. Her approach as an economics professor has been focused on explaining to students and her audiences the fundamental differences and overlaps between radical liberal and conservative approaches to economics as they are pursued by different professors and different audiences and, and have been for quite a while. This work led her, together with her colleague Laura Markowitz, a nationally awarded journalist, to produce a special project which is why we brought her here today. The project is called Voices on the Economy, or Vote V O T E for short. It involves both, basically a free course, a free book if you like, available on the Internet at an address I'll give you in a moment. And the subtitle, I think tells it all. So I want to read it to you. Voices on the How Open Minded Exploration of Rival Perspectives Can Spark Solutions to Our Urgent economic problems. On July 4th of this year, Vogt's new book came out as a free online educational resource available to students, to teachers, to anyone interested in this broad, diverse, balanced approach to economics. And you can find it at voicesontheeconomy.org org so it's with great pleasure, Amy, that I welcome you.
- [16:22]
B
Thank you so much.
- [16:24]
A
All right, you tell us in your words, what is the Volt program? How does it work? And then we'll go into why you did this and what the hopes are for its results.
- [16:33]
B
Thank you so much. It's such an honor and a privilege to be here. Vote is an answer to a problem. We all know we live in a world of extreme partisan hostility, extreme hateful negativity, and it's keeping us from generating the kind of brilliant ideas that we need in order to create prosperity for all of us. And that's its goal. Its goal is to spark new ideas. And we do it in the following way. Initially, we teach people from all walks of life to hear the great economic thinkers of our past and how they're echoed in today's debates. Then what we do is we line up the conservative, liberal, and radical perspectives side by side in a completely unbiased way. And what happens as a result of that is, number one, using role plays and other activities. What happens is that people become fluent in each point of view, and that combative debate that we live in becomes solution focused conversation. And we set the foundation for the payoff for new ideas to emerge. And that's what the Vote program's all about.
- [17:50]
A
So instead of trying to solve the problem from within the cocoon of only one, you're trying to say there are tools that all of them offer. If you give them a benefit of the doubt, if you separate the partisan politics a little bit from the core ideas that are useful, people will have a broader toolbox. I mean, it's an old idea of education, really, that you brought into economics.
- [18:13]
B
Yeah. It's to recognize the beauty and the poetry of each of our great thinkers. If you consider the work of Adam Smith or the work of Karl Marx or the work of John Maynard Keynes, who really are the basis of the fights that we're having today, and you consider how poetic and how insightful their contributions were, we don't want to lose that in our siloed thinking in our echo chambers, because we'll be at great peril to ignore any of them, because then we're going to end up stuck as we are as a nation, and we're going to end up reinventing the wheel over and over. And what we're looking to do is actually use their brilliance to spark new ideas. That is the whole idea behind what we're doing. And it's through a culture building a new culture of respectful listening, passionate advocacy, and intelligent debate. That's how we do it. And it's kind of even funny that it's revolutionary. It seems like, isn't that how society should be? But unfortunately, that's just not where we are. And it's actually getting worse. There was a recent study that showed that 36% of voters think that the world would be better off if large percentages of their opponents were dead. That 20% thought that their opponents aren't human. They're more like animals. We are in a state of extreme partisanship, and we have a pathway Forward we have a pathway to envision a new future of prosperity. And that's what we're offering. And we're offering it for free, for everyone to participate.
- [20:00]
A
Let me follow up on this. My experience, I've been a professor of economics all my adult life, is that the need for your book is proven by my experience. My professors excluded 99% no Marxists, so they were out for a while. The kind of Keynesian liberals were on top and the neoclassical conservatives were out. Then with Reagan, Thatcher, that became the opposite. The liberals were thrown out. But you're right, there wasn't any commitment basically across the profession, with a few exceptions, but basically no commitment to do what you're doing. It is relative to what we've had since at least the Second World War was better before. But since the Second World War, the narrow silo kind of thinking is what developed where we are today, as you put it. And you really are a revolution against that.
- [20:56]
B
Yeah. Oh, absolutely. And what we're looking to do is we're looking to have people fall in love with the questions that we ask in economics. If you think of, think of the Sputnik moment, think of the moment that we first that Russia sent a satellite into space and then the United States fell in love with the idea of how are we going to get to space, how are we going to get to the moon? I see the stakes in economics are so much higher. How are we going to create the kind of prosperity where each of us can contribute what our unique gifts, where society can reach its highest potential? We can't do that in our silos. But we are a conversation starter. We're a place where we're saying, hey, it's all hands on deck no matter where you are. This is maybe starting as a curriculum, but it's meant for our larger society. And so our work is written in a highly accessible, story driven way where, yes, there's technical parts, but those can be excluded. And just try on the words, try on the activities. See, see what people are saying. Let's try to fall in love and spark new ideas.
- [22:08]
A
So tell us a little bit how, even though I know your project has two volumes and you're coming out with a second one soon, how has it been received? How has this initiative, revolutionary in the way you've just told us, how have people reacted? Pro and con or positive? Negative? How would you describe it?
- [22:27]
B
I would say it is on fire.
- [22:32]
A
You're smiling.
- [22:32]
B
It must be some good results. Well, okay, first of all, I do this all as a labor of love. I have a day job where I'm a professor, but everything I do for the vote program, the teacher trainings, the speaker's bureau, the classes, everything that I do, including writing this free book, is as a labor of love. So we've had virtually no marketing, but since we released our first volume on July 4th, we've had over 4,200 unique downloads. We've had educators from around the world, hundreds of educators saying, can you send me more teacher resources? I'm talking 18 different countries and people in the United States, educators from middle school through university, graduate schools, and in every discipline. This is so needed. This is an all hands on deck moment. And, you know, some people say, isn't this stuff sort of better left to the experts? And I say, you know, if we were trying to get to the moon, then yes, let's leave that to the rocket scientists. But these are things we're asking people to vote on every day. How do we solve hunger? How do we solve homelessness, how do we solve, how do we solve poverty? These are things that we all need to know. We're asked to vote on them. And it is only right that everybody knows what's on deck for their choices. And that's the first sort of benefit of pluralism, is, okay, let's become educated in our voting and not just at the voting booth, just to say, at the dinner table, on social media and at our workplaces.
- [24:11]
A
What about the people who are happy in their little silo ways of thinking? How do they react?
- [24:16]
B
So there is, of course, there are challenges, and there are challenges in everything. But I like to think about them as opportunities. When people come to us, and maybe they come to us through a class or through a teacher's training or speaker's bureau. Maybe they're coming just through the free book. And they come and they say, I'm not really sure that all the perspectives genuinely want to fix things, genuinely want to create prosperity. And so we've developed a technique that is incredibly effective. We assign people different perspectives on the issues. So we'll say, hey, Rick, for the environment, you're going to be a conservative. For health care, you're going to be a liberal. For international trade, you're going to be a radical. And then we give you what are called talking points. They're just everyday language where you're just trying on why am I right? And why are other people wrong? And remember, it's all driven through shared stories. And then what happens is that we create scenarios, a scenario of a, of a clinic where you're the doctor and you're trying to solve the problem of health for all. And then we create what we call our golden moment. And our golden moment is this moment where people realize we all want the same things. We just have. I'm sorry, I said that wrong. All perspectives want the same things. We just have really different ways of getting there. And it's in that golden moment that the foundation is set, that the seed is planted for new ideas to emerge. And that's the moment where people are freed from material worry, where people contribute what they are uniquely gifted at, and that the society can reach its highest potential.
- [26:07]
A
And that's, in a way, that's what you're after. By opening people up to what is valuable, common effort in each of these perspectives, you hope that nurtures a kind of cross fertilization out of which new ideas will emerge.
- [26:23]
B
And it's those new ideas we desperately need. Because if you think about it, Adam Smith in the 1700s, Karl Marx in the 1800s, John Maynard Keynes in the early 1900s, we haven't had a new idea in 100 years. And almost every other discipline is doing what the ideal scientific process is, which is to take great ideas, use it as a springboard to new ideas, instead of siloing and doing the exact opposite of creating genius. It's just smart science that we're looking to do.
- [27:03]
A
I remember being taken with Karl Marx's theories of surplus value, the three volumes of his detailed notes of great respect for Adam Smith, David Ricardo, all these people with whom he disagreed, but who were his teachers.
- [27:18]
B
Yes.
- [27:19]
A
In the little bit of time we have left, do you think there's a particular relevance of this kind of balanced approach to the United States with its economic difficulties today?
- [27:30]
B
Absolutely. So people across the spectrum who, including socialists who have felt marginalized in their words, in their thoughts, in their actions, have now been given a place at the table. And they are now in K12. They're in universities and colleges, but in prisons, in senior centers, wherever this program goes, everywhere and in countless venues. And now it's part of the conversation. So they're no longer marginalized as something that isn't relevant, it isn't crucial. Without Marx's contribution, we cannot move forward. We're in danger of going, in fact, going backwards in our book. At first, I wish we could do.
- [28:21]
A
More, but it's a wonderful ending because that's the. This conversation is. Is what this book that you've produced and this website is trying to engender and to promote.
- [28:31]
B
Absolutely.
- [28:31]
A
And I hope all of you can join Amy, Dr. Amy S. Kramer, myself, in developing the kinds of conversation beyond narrow perspectives so that we can move forward. It's what this program tries to do and no one is working on it better than Dr. Kramer in this work. Voicesonthe economy.org and I look forward to speaking with you again next week.