The Economy is Rigged & Economics is Wrong (Ft. Unlearning Economics)
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About this episode
In this week’s episode, I am joined by Dr. Cahal Moran, the man behind the YouTube channel “Unlearning Economics,” and author of the recent book “Why We're Getting Poorer: A Realist’s Guide to the Economy and How We Can Fix It.”
In this podcast, I ask Cahal how he went from being an economist to debunking “Basic Economics” on YouTube. We also talk about modern China, the future of capitalism, what the left and right get wrong when it comes to Economics, “Marxism without the rubbish bits,” and possible solutions to our chronic crisis.
In The Backroom exclusive podcast on Patreon, Cahal and I discuss Modern Monetary Theory (MMT), UBI vs the Job Guarantee, the prospects of Economic Planning, Worker-Co-ops, and the question of “socialist” alternatives to capitalism. Become a Patron at Patreon.com/OneDime if you haven’t already!
Timestamps:
00:00 Why Succession is Anti-Capitalist (The Backroom Preview)
03:15 Cahal Moran: The Mind Behind Unlearning Economics
05:35 Breaking from Mainstream Economics
08:20 What “LeftTube” Lacks
12:43 The Myths of “Basic Economics”
17:22 The Impact of YouTube on Economic Discourse
25:34 Has Capitalism Made Us Richer or Poorer?
33:40 China's Economic Model and Global Comparisons
44:40 Germany's Economic Model vs the UK: Challenges
47:36 The EU and Brexit
52:17 Modern Monetary Theory (MMT)
01:03:27 Land Value Tax: A Viable Policy
01:20:20 Addressing Inflation
01:27:49 How Does Cahal Identify Politically?
01:39:08 Transition to The Backroom
Check Out Cahl’s Book: https://www.amazon.com/Why-Were-Getting-Poorer-bestelling-ebook/dp/B0DD26S8VR
Check out Unlearning Economics on YouTube: https://www.youtube.com/@unlearningeconomics9021/featured
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Check out my main channel videos: https://www.youtube.com/@1Dimee
Outro Music by Karl Casey
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