Don’t Let a Crisis Go to Waste

The video discusses the dominance of neoliberal ideology in economics, highlighting its impact on global policies. Matthias Vernengo shares his background and explores historical economic crises, emphasizing their role in opening up alternative discourses. He critiques the limited impact of new economic thinking post-2008 crisis and examines the influence of Keynesian economics in the US. The challenges of implementing significant economic changes are discussed, along with an analysis of neoliberal policies and austerity measures.

What is the dominant ideology discussed in the text, and how does it influence global policies?

Describe the significance of economic crises as mentioned in the text. How do they create opportunities for alternative discourses?

What role did the Soviet system play in shaping capitalist societies' responses during the 30s to 60s?

In what ways does the text suggest that mainstream economics may change in response to current crises?

How does the text describe the relationship between economic theories and vested interests?

What are the implications of austerity measures as discussed in the text? Who do they benefit?

What is the theoretical foundation for neoliberal policies according to the text, and why is it significant?