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Singapore is held up as a free-market utopia: rich, orderly and clean. But the reality is quite different. Why does Singapore exert such a magnetism for neoliberals, when its reality strays from orthodox prescriptions? What and who made this model 'global city', and how does its communist and anti-colonial past lead to its hyper-capitalist present?
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On the end of the Age of Imitation.
We discuss Ivan Krastev and Stephen Holmes' The Light That Failed: A Reckoning and their arguments for why liberal democracy stopped being the model to follow - in Eastern Europe, Russia and even the USA.
Thanks for all the questions, they are addressed in the last third of the episode.
On global cities.
Global cities flaunt themselves to global capital and are shaped by it. They are self-conscious and eager to transmit 'globalness'. But why? And how has the city under globalisation been reshaped? What is the role of money and power - not to mention sex and culture? And does the sameyness of global cities now mean that medium and small cities are where we should be looking for cultural and political change?
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On political conflict over the next decade
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We debate what ideological contestation is going to look like in the next 2/5/10 years. Will liberalism adopt Silicon Valley solutionism? Does the centre-right become fully nationalist? And the far right have a future if that happens? And where does the left go next?
Modern Monetary Theory (MMT) has been hailed by some and scorned by others as offering a new framework to understand the financial system. But what is specifically 'modern' about MMT, and how does it differ from rival accounts of the financial economy? We talk to Bill Mitchell, one of the leading proponents of MMT, who gives us an introductory rundown, plus tells us why the Japanese economy is unfairly maligned and explains what the future has in store for MMT as its inexorably advances against orthodox rivals.
-> Our earlier episode with Doug Henwood, a critic of MMT, can be found here: Episode 68
-> The episode with Bill Mitchell's co-author, Thomas Fazi, is here: Episode 38
In this latest Three Articles, we discuss American democracy and those who pretend to save it or undermine it.
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