Economic Update: How Austerity Paves the Way for Fascism

**Stay connected with the latest news from d@w. Join our mailing list today: [S13 E12] How Austerity Paves the Way for Fascism In this week’s Economic Update, Prof. Wolff interviews Prof. Clara Mattei on her new book “Capital Order: How Economists Invented Austerity and Paved the Way to Fascism.“ Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: and help us spread Prof. Wolff’s message to a larger audience. Every donation counts! A special thank you to our devoted donor community whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at or donate on our website at Follow us ONLINE: Facebook: Twitter: Instagram: DailyMotion: Shop our CO-OP made MERCH: ... Want to help us translate and transcribe our videos? Learn about joining our translation team: ****************************************************************************************** About our Guest: Clara E. Mattei is a faculty member at the Economics Department of The New School for Social Research, and was a 2018-2019 member of the School of Social Sciences at the Institute for Advanced research contributes to the history of capitalism, exploring the critical relation between economic ideas and technocratic policy making. She recently published her first book titled Capital Order: How Economists Invented Austerity and Paved the Way to Fascism (University of Chicago Press, November 2022) It investigates the origins of austerity after the WWI crisis to understand its logic as a tool of reaction against any alternatives to capitalism. The book has received widespread media attention. Amongst many, it was in the Financial Times as a Best Economics Books of the Year, it was reviewed in The Guardian, Nature Magazine, The New Statesman, Jacobin etc. it was also extensively praised and cited by public intellectuals such as Noam Chomksy, Thomas Piketty and Yanis Varoufakis. She is currently working on a book project which critically reassesses the Golden Age of Capitalism (1945-1975) and its Keynesianism through the lens of austerity capitalism. Links: Website: Twitter: @claraemattei The Chicago website has the recent reviews: #anchor-review ****************************************************************************************** Check out the 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: “The Sickness is the System,“ “Understanding Socialism,“ by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly