Where Bernie Sanders went wrong, PMC Socialists, and Student Loan Relief @ECON102Podcast
Where Bernie Sanders went wrong, PMC Socialists, and Student Loan Relief  @ECON102Podcast
Uploaded October 2023 | Updated September 2026, 2 days ago
Economist Noah Smith and Erik Torenberg discuss the legacy and failings of Bernie Sanders’ 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: daffy.org/econ102
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Econ 102 is a part of the Turpentine podcast network. To learn more: turpentine.co
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LINKS:
- Here are Some Better Versions of Bernie Sanders’ Ideas https://www.noahpinion.blog/p/here-are-some-better-versions-of
James Galbraith - en.wikipedia.org/wiki/James_K._Galbraith
Robert Reich - en.wikipedia.org/wiki/Robert_Reich
Barbara Ehrenreich - PMC Socialism - https://library.brown.edu/pdfs/1125403552886481.pdf
Pivotal Decade by Judith Stein: https://amzn.asia/d/ao86cew

X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)

TIMESTAMPS:
(00:00) Episode Preview
(01:32) The Bernie movement’s evolution
(05:00) Factionalism and aggression marking the approach of socialists
(15:36) Glass-Steagall litmus test
(19:00) Sponsors: Daffy | NetSuite
(21:11) Can neoliberalism work?
(22:34) Biggest mistakes of privatization: the non-profit industrialization complex
(26:18) Lack of industrial policy is a pro-finance policy
(27:30) Chief neoliberal shill
(30:05) How Biden is carrying forward the legacy of Bernie’s movement
(34:10) Inflation killed student loan relief (besides the courts)
(41:00) How Bernie bungled his egalitarian movement
(48:45) Wealth tax
(50:55) Healthcare

Music license:
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Where Bernie Sanders went wrong, PMC Socialists, and Student Loan Relief

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