May 27, 2016 – American Amnesia and Prosperity

My guest on this program is Paul Pierson. He is the John Gross Professor of Political Science at the University of California at Berkeley, and co-author with Jacob Hacker of American Amnesia: How the War on Government Led Us to Forget What Made America Prosper.They explore how America’s prosperity has long rested on robust capitalist enterprise, supported, supplemented, and regulated by government. This “mixed economy” channeled the powerful but volatile engine of capitalism into broad-based growth and healthy social development. But the anti-government advocates have undermined this productive and necessary relationship.