EP21: Class and Inequality in India and China, Military Keynesianism

In the August episode of Economics for the People, we interview Professor Vamsi Vakulabharanam about his book Class and Inequality in India and China, 1950-2010. On the eve of Indian Independence from British rule, and upon the conclusion of the Chinese Civil War, both countries were similar in economic terms. However, their trajectories diverged significantly over the period of time under investigation. Why? In our regular Dollars and Sense segment, Chris Sturr interviews Richard Wolff about Military Keynesianism: how it ended the Great Depression, its impact on the US economy over the 20th century, and why the ruling class continues to support it. *** Feature interview with Vamsi Vakulabharanam - 2:07 minutes Dollars and Sense Debrief with Chris Sturr and Richard D. Wolff - 36:32 minutes