The Capital Order
How Economists Invented Austerity and Paved the Way to Fascism
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Narrated by:
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Susan Ericksen
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By:
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Clara E. Mattei
About this listen
For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. Today, an important question remains: What if solvency was never the goal?
In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below.
Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies. Where these policies "succeeded," relatively speaking, was in their enrichment of certain parties who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism.
Drawing on newly uncovered archival material, The Capital Order offers a damning account of the rise of austerity—and of modern economics—at the levers of contemporary political power.
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Story
Look at a map of the world and you’ll see a colorful checkerboard of nation-states. But this is not where power actually resides. Over the last decade, globalization has shattered the map into different legal spaces: free ports, tax havens, special economic zones. With the new spaces, ultracapitalists have started to believe that it is possible to escape the bonds of democratic government and oversight altogether. Crack-Up Capitalism follows the most notorious radical libertarians around the globe as they search for the perfect space for capitalism.
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Solid look at what our future might be like
- By TohirT on 11-09-24
By: Quinn Slobodian
-
The Big Myth
- How American Business Taught Us to Loathe Government and Love the Free Market
- By: Naomi Oreskes, Erik M. Conway
- Narrated by: Liza Seneca
- Length: 21 hrs and 27 mins
- Unabridged
-
Overall
-
Performance
-
Story
In the early 20th century, business elites, trade associations, wealthy powerbrokers, and media allies set out to build a new American orthodoxy: down with 'big government' and up with unfettered markets. With startling archival evidence, Oreskes and Conway document campaigns to rewrite textbooks, combat unions, and defend child labor.
-
-
Refuting the Chicago School
- By Todd W. Laveen on 06-01-23
By: Naomi Oreskes, and others
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Austerity
- The History of a Dangerous Idea
- By: Mark Blyth
- Narrated by: Fred Stella
- Length: 11 hrs and 2 mins
- Unabridged
-
Overall
-
Performance
-
Story
Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts - austerity - to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system.
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Biting Rhetoric; Short on Answers
- By Will Szal on 12-22-18
By: Mark Blyth
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The Deficit Myth
- Modern Monetary Theory and the Birth of the People's Economy
- By: Stephanie Kelton
- Narrated by: Stephanie Kelton
- Length: 10 hrs and 52 mins
- Unabridged
-
Overall
-
Performance
-
Story
Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
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Good core idea, ruined by polemics
- By Amaze on 06-25-20
By: Stephanie Kelton
-
Stories Are Weapons
- Psychological Warfare and the American Mind
- By: Annalee Newitz
- Narrated by: Alexandra Cohler
- Length: 7 hrs and 2 mins
- Unabridged
-
Overall
-
Performance
-
Story
Annalee Newitz traces the way disinformation, propaganda, and violent threats have evolved from military weapons deployed against foreign adversaries into tools in domestic culture wars. Newitz delves into America's deep-rooted history with psychological operations, beginning with Benjamin Franklin's Revolutionary War-era fake newspaper and nineteenth-century wars on Indigenous nations, and reaching its apotheosis with the Cold War and twenty-first-century influence campaigns online.
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-
The Forever Wars
- By idrissa35653 on 12-27-24
By: Annalee Newitz
-
Invisible Doctrine
- The Secret History of Neoliberalism
- By: George Monbiot, Peter Hutchison
- Narrated by: George Monbiot
- Length: 4 hrs and 29 mins
- Unabridged
-
Overall
-
Performance
-
Story
In Invisible Doctrine, journalist George Monbiot and filmmaker Peter Hutchison shatter this myth. They show how a fringe philosophy in the 1930s—championing competition as the defining feature of humankind—was systematically hijacked by a group of wealthy elites, determined to guard their fortunes and power.
-
-
Essential uncovering for survival
- By Jeff S. on 01-03-25
By: George Monbiot, and others
-
Crack-Up Capitalism
- Market Radicals and the Dream of a World Without Democracy
- By: Quinn Slobodian
- Narrated by: Keith Sellon-Wright
- Length: 9 hrs
- Unabridged
-
Overall
-
Performance
-
Story
Look at a map of the world and you’ll see a colorful checkerboard of nation-states. But this is not where power actually resides. Over the last decade, globalization has shattered the map into different legal spaces: free ports, tax havens, special economic zones. With the new spaces, ultracapitalists have started to believe that it is possible to escape the bonds of democratic government and oversight altogether. Crack-Up Capitalism follows the most notorious radical libertarians around the globe as they search for the perfect space for capitalism.
-
-
Solid look at what our future might be like
- By TohirT on 11-09-24
By: Quinn Slobodian
-
The Big Myth
- How American Business Taught Us to Loathe Government and Love the Free Market
- By: Naomi Oreskes, Erik M. Conway
- Narrated by: Liza Seneca
- Length: 21 hrs and 27 mins
- Unabridged
-
Overall
-
Performance
-
Story
In the early 20th century, business elites, trade associations, wealthy powerbrokers, and media allies set out to build a new American orthodoxy: down with 'big government' and up with unfettered markets. With startling archival evidence, Oreskes and Conway document campaigns to rewrite textbooks, combat unions, and defend child labor.
-
-
Refuting the Chicago School
- By Todd W. Laveen on 06-01-23
By: Naomi Oreskes, and others
-
Austerity
- The History of a Dangerous Idea
- By: Mark Blyth
- Narrated by: Fred Stella
- Length: 11 hrs and 2 mins
- Unabridged
-
Overall
-
Performance
-
Story
Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts - austerity - to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system.
-
-
Biting Rhetoric; Short on Answers
- By Will Szal on 12-22-18
By: Mark Blyth
-
The Deficit Myth
- Modern Monetary Theory and the Birth of the People's Economy
- By: Stephanie Kelton
- Narrated by: Stephanie Kelton
- Length: 10 hrs and 52 mins
- Unabridged
-
Overall
-
Performance
-
Story
Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
-
-
Good core idea, ruined by polemics
- By Amaze on 06-25-20
By: Stephanie Kelton
-
Stories Are Weapons
- Psychological Warfare and the American Mind
- By: Annalee Newitz
- Narrated by: Alexandra Cohler
- Length: 7 hrs and 2 mins
- Unabridged
-
Overall
-
Performance
-
Story
Annalee Newitz traces the way disinformation, propaganda, and violent threats have evolved from military weapons deployed against foreign adversaries into tools in domestic culture wars. Newitz delves into America's deep-rooted history with psychological operations, beginning with Benjamin Franklin's Revolutionary War-era fake newspaper and nineteenth-century wars on Indigenous nations, and reaching its apotheosis with the Cold War and twenty-first-century influence campaigns online.
-
-
The Forever Wars
- By idrissa35653 on 12-27-24
By: Annalee Newitz
-
Invisible Doctrine
- The Secret History of Neoliberalism
- By: George Monbiot, Peter Hutchison
- Narrated by: George Monbiot
- Length: 4 hrs and 29 mins
- Unabridged
-
Overall
-
Performance
-
Story
In Invisible Doctrine, journalist George Monbiot and filmmaker Peter Hutchison shatter this myth. They show how a fringe philosophy in the 1930s—championing competition as the defining feature of humankind—was systematically hijacked by a group of wealthy elites, determined to guard their fortunes and power.
-
-
Essential uncovering for survival
- By Jeff S. on 01-03-25
By: George Monbiot, and others
What listeners say about The Capital Order
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
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Performance
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- Gus More
- 01-03-25
Must listen to. Essential.
Possibly the most important book on Economics written in the last 116 years. Historical facts described in a new paradigm from a PHD in economics whose primary sources came from the Central Banks and National Libraries of England and Italy, and that reveal that austerity is a fundamental and intrinsic part of Capitalism.
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