Where Bernie Sanders Went Wrong, PMC Socialists, and Student Loan Relief

Published: Oct. 3, 2023, 10 a.m.

b"Economist Noah Smith and Erik Torenberg discuss the legacy and failings of Bernie Sanders\\u2019 movement with regards to privatization, student loans, healthcare, and the wealth gap. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102\\n\\nWe're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.\\n--\\nSponsors: GIVEWELL | DAFFY | NETSUITE\\xa0\\nHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they\\u2019ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you\\u2019ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick \\u201cPodcast\\u201d and enter Econ 102 at checkout.\\xa0\\n\\nDaffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don\\u2019t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It\\u2019s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102\\xa0\\n\\nNetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you\\u2019re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.\\n--\\nEcon 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co\\n--\\nTimestamps\\n(00:00) Episode Preview\\n(01:32) The Bernie movement\\u2019s evolution\\n(05:00) Factionalism and aggression marking the approach of socialists\\n(15:36) Glass-Steagall litmus test\\n(19:00) Sponsors: Daffy | NetSuite\\n(21:11) Can neoliberalism work?\\n(22:34) Biggest mistakes of privatization: the non-profit industrialization complex\\n(26:18) Lack of industrial policy is a pro-finance policy\\n(27:30) Chief neoliberal shill\\n(30:05) How Biden is carrying forward the legacy of Bernie\\u2019s movement\\n(34:10) Inflation killed student loan relief (besides the courts)\\n(41:00) How Bernie bungled his egalitarian movement\\n(48:45) Wealth tax\\n(50:55) Healthcare\\n\\nThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture \\u2014 all from the perspective of industry insiders and experts. We\\u2019re launching new shows every week, and we\\u2019re looking for industry-leading sponsors \\u2014 if you think that might be you and your company, email us at erik@turpentine.co."