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tonight

On today's episode, Brian Becker and Prof. Richard  Wolff break down the real cause of inflation. Inflation is  rising prices, which is something the working class doesn't control.  Businesses—and the Fed when it raises prices for borrowers by increasing  interest rates—do control prices. Why do businesses do this since  inflation is bad for the economy? Can the government change this?

Professor Richard Wolff is an author &  co-founder of the organization Democracy at Work. You can find his work  at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram.  We rely on the generous support of our listeners to keep bringing you  consistent, high-quality shows. All Patreon donors of $5 a month or more  are invited to join the monthly Q&A seminar with Brian.

Inflation: A Capitalist Tool of Class War Against the Working Class

Speaker(s): Dr Cristobal Young, Ed Miliband MP, Dr Andrew Summers | If taxes rise, will they leave? In his new book, Cristobal Young publishes the findings from the first-ever large-scale study of migration of the world’s richest individuals, drawing on special access to over 45mil US tax returns, together with Forbes rich lists. He shows that contrary to popular opinion, although the rich have the resources and capacity to flee high-tax places, their actual migration is surprisingly limited. Place still matters, even in today’s globalised world. <brCristobal Young (@cristobalyoung5) is Assistant Professor of Sociology, Stanford University. <brEd Miliband (@Ed_Miliband) is the Member of Parliament for Doncaster North and was leader of the Labour Party from 2010-2015. <brAndrew Summers (@summers_ad) is Assistant Professor of Law, LSE. His teaching and research specialises in the taxation of wealth. <brNicola Lacey is School Professor of Law, Gender and Social Policy, LSE. <brThe International Inequalities Institute at LSE (@LSEInequalities) brings together experts from many LSE departments and centres to lead critical and cutting edge research to understand why inequalities are escalating in numerous arenas across the world, and to develop critical tools to address these challenges. <brLSE Law (@lselaw) is an integral part of the School's mission, plays a major role in policy debates & in the education of lawyers and law teachers from around the world.

The Myth of Millionaire Tax Flight: how place still matters for the rich [Audio]

Norman Lear and Stephen Adler | 92Y Talks

Moderator, Alison Fahey

Recorded January 17, 2006 at 92nd Street Y

Donny Deutsch: Often Wrong, Never in Doubt: Unleash the Business Rebel Within | 92Y Talks

Recorded January 13, 2009 at 92nd Street Y

Paul Krugman with David Brancaccio: Toward a Great Society | 92Y Talks

William F. Buckley and Jeff Greenfield: George W. Bush's First 100 Days | 92Y Talks

Speaker(s): Professor Charles Bean, Lord O’Donnell, Professor Catherine Schenk, Minouche Shafik | This event explores the causes of the 2008 global financial crash and the responses of the major advanced economies, which drew on the lessons of the 1930s. A decade on from the crisis, the global financial system has yet to return to ‘normal’, with prolonged low interest rates posing a risk to its stability. It is time to reflect on previous financial crises and the policy lessons we have learned – and failed to learn – from them. Charles Bean is Professor of Economics, LSE and a former Deputy Governor of the Bank of England. Gus O’Donnell (@Gus_ODonnell) was Cabinet Secretary and Head of Civil Service 2005-11. Catherine Schenk is Professor of Economic and Social History, St Hilda’s College Oxford. Minouche Shafik is Director of the London School of Economics and Political Science. Prior to this she was Deputy Governor of the Bank of England. Nicholas Stern @lordstern1 is the IG Patel Professor of Economics and Government, Chairman of the Grantham Research Institute on Climate Change and the Environment and President of the Royal Economic Society. LSE IDEAS (@lseideas) is LSE's foreign policy think tank. We connect academic knowledge of diplomacy and strategy with the people who use it. LSE's Department of International History (@lsehistory) teaches and conducts research on the international history of Britain, Europe and the world from the early modern era up to the present day. Twitter Hashtag for this event: #LSEfinance This event forms part of the “New World (Dis)Orders” series, held in the run up to the LSE Festival, a week-long series of events taking place from 25 February to 2 March 2019, free to attend and open to all, exploring how social science can tackle global issues. How did we get here? What are the challenges? And, importantly, how can we address them? Full programme available online from January 2019.

Ten Years after the Global Financial Crisis: what have we learned and what did we forget? [Audio]

Less than 2% of global philanthropic capital is dedicated to climate causes despite the very widely shared view that climate represents a genuine and urgent crisis. Join our panel of experts to discuss giving, power, inequality and the climate crisis. 

Dr Luna Glucksberg ( @luna_inequality) Research Fellow, LSE’s International Inequalities Institute.

Sonia Medina (@medinagomez) is Executive Director for Climate at CIFF (Children’s Investment Fund Foundation).

Stephan Chambers is Director of LSE’s Marshall Institute (@LSEMarshall).

Twitter hashtags for this event: #LSEFestival #ShapetheWorld

This event is part of the LSE Festival: Shape the World running from Monday 2 to Saturday 7 March 2020, with a series of events exploring how social science can make the world a better place.

LSE: Public lectures and events | www.lse.ac.uk/videoAndAudio

Power, Philanthropy and Inequality

A key challenge for the COP26 climate conference to be held in Glasgow in November 2020 is to agree how to harness the world’s financial system behind a rapid transition to a net-zero, resilient and inclusive global economy.

Many positive developments are underway among central banks, investors, civil society and development banks. But at present, these do not add up to a credible strategy for mobilising the trillions that will be needed for climate action both in industrialised countries such as the UK and also in the developing countries of the Global South.

This event brings together leaders in sustainable finance who will explore how key financial breakthroughs can be achieved in 2020.

Gianpiero Nacci (@NacciGianpiero) is Deputy Director of the Energy Efficiency and Climate Change team at EBRD.

Ann Pettifor (@AnnPettifor) is Director of PRIME and author of The Case for the Green New Deal. 

Rhian-Mari Thomas (@RhianMariThomas) is Chief Executive Officer at the Green Finance Institute.

Steve Waygood (@stevewaygood) is Chief Responsible Investment Officer at Aviva Investors.

Nick Robins (@NVJRobins1) is Professor in Practice for Sustainable Finance, Grantham Research Institute for Climate Change and the Environment at LSE.

Financing a Global Climate Deal

Jonathan Franzen on his selection:

Vasily Grossman's towering achievement, LIFE AND FATE, is a product of his unique access to every aspect of the Soviet society during the Second World War. Though he would soon fall out of favor with Stalin and would fare no better under Krushchev, he was a valued member of the Soviet intelligentsia, survived the purges of 1937, (he had friends and family who didn't), and was the country's leading war reporter. He published the first authoritative, eyewitness accounts of the Nazi death camps—his imagined account of his mother's last days in a Ukrainian Jewish ghetto, an early chapter in LIFE AND FATE, is a cornerstone of the literature of the Shoah—and he had an unparalleled grasp of Soviet military life; the novel is necessary reading for its Stalingrad battle scenes alone. The chapter I've selected to read, which consists mostly of the writing of a religious kook imprisoned by the Nazis, is probably the least representative chapter, but it's arguably the most central. It feels spoken to me directly by an author caught between the great evil of Hitler and the slightly less great evil of Stalin and struggling to find something in humanity worth believing in.

Read By: Jonathan Franzen

News and views about the world for those who want to change it, with Brian Becker

Inflation: A Capitalist Tool of Class War Against the Working Class

The Socialist Program with Brian Becker