Is our economic system broken?
Show notes
Interest rates are up. Inflation isn’t going down. So is the way we run modern economies...all wrong?
In her new book, Anti-Fascist Economics, economist Isabella Weber argues that today's economic system is failing ordinary people.
From soaring living costs and widening inequality, corporate profiteering, concentrated wealth, and governments seemingly powerless to intervene, she says the problems run much deeper than a bout of inflation.
Weber argues that an economy built around market fundamentalism and the interests of big business is leaving millions feeling insecure, powerless and angry – creating fertile ground for the far right.
In this interview with Carrington Clarke on ABC Business Daily, she unpacks what's broken in modern capitalism, why mainstream economic thinking has failed to address it, and how a different approach to economics could help rebuild both living standards and democracy.
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