Robert Johnson | Political Economy, Technocracy, and the New Gilded Age

In Episode 17 of Hidden Forces , host Demetri Kofinas speaks with Robert Johnson, about the political economy, inequality, and the failings of our technocratic institutions. Dr. Johnson serves as President of the Institute for New Economic Thinking and is a Senior Fellow and Director of the Global Finance Project for the Franklin and Eleanor Roosevelt Institute in New York. Robert Johnson served for many years as a Managing Director for George Soros at Soros Fund Management and was part of the famous team of speculators that broke the bank of England in 1992, forcing the pound out of ERM. He served as Chief Economist of the US Senate Banking Committee under the leadership of Chairman William Proxmire, and before this, as Senior Economist of the US Senate Budget Committee under the leadership of Chairman Pete Domenici. Black Wednesday was almost 25 years ago to the day. How has global finance, international trade, foreign exchange, and financial deregulation changed the landscape of speculation in the years since? How has a decline in productivity, a collapse in marginal costs, a rise in total debt, along with an aging demographic laid the groundwork for a rise in populism? What is…