Macro N Cheese
Climate Refugees and the Economic Solution to Xenophobia With Fadhel Kaboub
June 29, 2019
Lessons in neoliberalism: how to destabilize an economy and propel the global refugee crisis. Steve’s guest Fadhel Kaboub of the Global Institute of Sustainable Prosperity explains the connection between neo-colonialism, climate chaos, foreign trade deficits and decades of austerity.
The evening news has stories of children in cages on the US-Mexican border. Again. Fadhel Kaboub, President of the Global Institute of Sustainable Prosperity, asks us to imagine the conditions that would make someone desperate enough to send their kids off to seek safety in a foreign land.
 
The root causes of the refugee crisis are the same all over the world. Decades of neoliberal policies, climate chaos, the exigencies of empire, and unsustainable trade deficits have destabilized the economies of developing nations. Kaboub explores examples from the Middle East to South America. Then, using the lens of Modern Monetary Theory, he proposes an alternative to austerity and explains how a job guarantee would relieve the financial insecurity of every worker, citizen or not.
 
http://www.global-isp.org/president/