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Ep 294 - Euthanizing Rentier Capitalism with Daniel Conceição
Manage episode 439892367 series 3372045
Treść dostarczona przez Steve D Grumbine MS, MBA, PMP, PSM1, ITIL, Steve D Grumbine MS, MBA, PMP, PSM1, and ITIL. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Steve D Grumbine MS, MBA, PMP, PSM1, ITIL, Steve D Grumbine MS, MBA, PMP, PSM1, and ITIL lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
**Find a transcript of each week’s episode on our Substack, where we also offer links to resources discussed in the interview. Subscribe now at https://realprogressives.substack.com/
Daniel Conceição is back to discuss the social damage of rentier capitalism and the potential to address it through the insights of Modern Monetary Theory.
Rentier capitalism derives profit from ownership and manipulation of assets rather than through productive activity. While industrial capitalism also creates inequality, rentier capitalism, or rent seeking, exacerbates the division.
State-controlled money creation could nullify some of the speculative advantage of rentiers by directly funding critical public services, such as housing and healthcare. It may not be the ultimate answer, but it’s worth looking at.
Daniel and Steve discuss the importance of overcoming mainstream economic fallacies that serve the interests of the financial elite.
Daniel Negreiros Conceição did his undergraduate studies in Economics at the Federal University of Rio de Janeiro in Brazil and his postgraduate studies at UMKC (under Professors Wray, Kelton, et al). He is a professor of macroeconomics and public finance at the Federal University of Rio de Janeiro. He helped create the Institute for Functional Finance and Development (iffdbrasil.org), and he helps run the Brazilian Modern Money Network (https://mmtbrasil.com/) aimed at producing more easily accessible material for teaching MMT to the wider public.
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