This isn’t dry. It’s concise and it’s easy enough to read between the lines.
In seven minutes, Mark Blyth explains why post WWII Capitalism (but only in Europe, N America and what we might call the developed west) adopted a Social Democratic economic order, why that failed and why it was allowed to fall in the late 70’s.
In the same seven minutes he covers off 19thC Liberalism, explains why it was reintroduced to advanced economies in the late seventies and why it was not allowed to fall in the wake of the 2008 GFC.
Michal Kalecki is the economist referred to at the beginning of the interview and this is the seven page paper he wrote in 1943 outlining the inevitable failure of any Capitalist economic programme seeking to maintain full employment.
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