Economics writer Brendan Greeley has a thought about the role ‘economics’ play in our politics: “economists think that they’re physicists, but they’re actually just sociologists watching things and observing them“.
To suss this out, Building Local Power hosts Christopher Mitchell and Stacy Mitchell sat down with Greeley. He is a writing alum of Bloomberg and The Economist and currently writes his daily economics newsletter, All We Know So Far (subscribe at the link).
“I think the thing we’ve lost sight of in America is that we don’t understand that healthy competition creates all the things we love about capitalism. The irony of that is businesses don’t like competition. They hate it. It drives them crazy. They can’t do what they want. And so the most successful businesses will do everything they can to avoid healthy competition,” says Brendan Greeley of the issue he is trying to solve in his All We Know So Far work.
View a full transcript of the conversation here.
Institute for Local Self-Reliance: Monopoly Tag — All of the stories tagged with “monopoly” on our website details the — mostly — unchecked power that vast corporations and firms enjoy in our economy and democracy. Get the latest information on monopoly power in retail, broadband, energy, and waste stream issues.
Podcast: The Rising Anti-Monopoly Movement (Episode 36) — ILSR experts Christopher Mitchell, Stacy Mitchell, and John Farrell sit down to tackle the reality of increased corporate consolidation in the economy and what it means. They also knit together their research focuses and connect them into how an anti-monopoly movement is brewing where everyday Americans are standing up and saying “enough”.
Podcast: Beating the Monopolies: Barry Lynn Explains How We Will Win (Episode 30) — This podcast episode with the Open Markets Institute’s Barry Lynn discusses how we got to here in our monopoly economy and how he has hope that we will win against the monopolists who are robbing our political economy.
Policy Brief: Comcast’s Anti-Municipal Broadband Election Investments — In the Fall of 2017, this ILSR analysis details just how much money telecommunications giant Comcast Corporation is pumping into its efforts to scuttle pro-Internet access competition efforts in Fort Collins, Colo. and Seattle, Wash. Why? Because if these communities actually attained some measure of competition, Comcast could lose millions.
Our guest recommended the following items:
- Debt: The First 5,000 Years by Henry Graeber
- ProMarket Blog: The blog of the Stigler Center at the University of Chicago Booth School of Business
- The Big Short: Inside the Doomsday Machine by Michael Lewis
- The Big Short film
Full transcript of podcast is available here.
Photo Credit: Data Center Journal.