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Ep 118  |  Michael Every

Michael Every: “The Many -Isms of the Metacrisis”

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TGS118 Michael Every The Great Simplification

Show Summary

On this episode, Nate is joined by financial analyst Michael Every to discuss global macro trends in economics, politics, and social movements. By taking a wide-view lens of current events, we can better see how seemingly isolated events interconnect and what mainstream economic theories tend to miss. What do rising political tensions and dissatisfaction around the globe amidst increasing GDP tell us about the accuracy of our economic measures? How much are geopolitical conflicts and supply chain disruptions contributing to current inflationary pressures? And what can we learn from current economic models as we steer towards a new system with lower energy throughput in a multipolar world?

About Michael Every

Michael Every is Global Strategist at Rabobank Singapore analyzing major developments and key thematic trends, especially on the intersection of geopolitics, economics, and markets. He is frequently published and quoted in financial media, is a regular conference keynote speaker, and was invited to present to the 2022 G-20 on the current global crisis. Michael has lived and worked in 9 countries and been in the industry for nearly 25 years, with previous roles at Silk Road Associates, the Royal Bank of Canada, and Dun & Bradstreet. He holds a BA from Lancaster University, and a master’s degree from University College London.

In French, we have a motto that says that a simple drawing is often better than a long explanation. Jean-Marc Jancovici Carbone 4 President

That’s very understandable because with left atmosphere thinking, one of the problems is that you see everything as a series of problems that must have solutions. Iain McGilchrist Neuroscientist and Philosopher

We can’t have hundreds and hundreds of real relationships that are healthy because that requires time and effort and full attention and awareness of being in real relationship and conversation with the other human. Nate Hagens Director of ISEOF

This is the crux of the whole problem. Individual parts of nature are more valuable than the biocomplexity of nature. Thomas Crowther Founder Restor

Show Notes & Links to Learn More

00:00 – Michael Every Works + Info, Linkedin, X

02:22 – Kiril Sokoloff, Lyn Alden, Luke Gromen

03:06 – Metacrisis/Polycrisis

03:25 – Adam Tooze

05:25 – Rube Goldberg, Heath Robinson

06:53 – Maslow Pyramid

07:20 – Scott Barry Kauffman, Maslow revising top layer of the pyramid

08:10 – Tikkun olam

09:15 – GDP is an insufficient measurement, its origins

10:25 – Bhutan’s Gross National Happiness

11:10 – Steve Keen + TGS Episode featuring Steve Keen

11:29 – Minsky Software, Hyman Minsky

12:20 – Debunking Economics

13:07 – Comparative advantage

13:30 – Ricardo, Comparative advantage doesn’t work when you have global mobile capital

16:20 – Neoliberal Economics

16:35 – Josh Farley, Kate Raworth

17:45 – Michal Kalecki

21:06 – Angus Deaton, IMF Blog post: Rethinking Economics or Rethinking My Economics

21:36 – Adam Smith was a moral philosopher

25:59 – Massive polarization and inequality across economies

28:02 – A big trade surplus isn’t necessarily a good thing

29:20 – The many forms of capitalism

31:02 – Geopolitical forcers of inflation

32:16 – Houthi Movement

34:02 – Global allocation of spending on defense is increasing

35:03 – Unhappy western countries and growing debt

35:54 – Homes for Heroes, GI Bill

36:31 – US debt

36:46 – Modern Monetary Theory

37:36 – Stephanie Kelton, advisor to Bernie Sanders

40:20 – MMT only works if you have excess supply

42:40 – Keynes

44:34 – Quantitative Easing

45:21 – CHIPS Act, IRA

46:20 – ESG
46:55 – European Investment Bank

47:10 – European Central Bank

49:28 – Currency debasement

50:35 – Austrian Theory

53:11 – Piketty, Peter Turchin

53:35 – Increase in anti-establishment voters

54:11 – AI and high interest rates will hurt the middle class

55:05 – The state of Russia’s war economy

1:02:35 – Free Markets push inequality

1:03:13 – The Great Transformation

1:08:04 – Janet L. Yelleninterest rates won’t go down to pre-covid levels

1:09:35 – Reducing wealth inequality stabilizes countries

1:10:06 – Chip factories being put on hold because of high labor costs

1:11:11 – Banks investing to actually build things rather than to speculate will reduce inequalities

1:14:05 – Philip Marey

1:15:12 – Trump’s plan to introduce Tariffs

1:16:17 – Stagflation

1:19:55 – Peter Navarro

1:20:15 – Bob Lighthizer (C’69, L’ 73) – Institute of Politics and Public Service

1:22:59 – Susan Strange, International Political Economy

1:24:15 – Improving Economic Resilience

1:24:58 – Joe DeLaura

1:29:18 – Dedollarization

1:30:42 – Ex Uno Plures

1:31:08 – Bretton Woods

1:32:58 – Global South efforts to work around the dollar

1:33:25 – We still need dollars for debt

1:34:22 – South Park underpants meme

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