Is the solution hiding in plain sight? Political choices for a new economic model - with Jayati Ghosh

What this episode covers

Economist Dr. Jayati Ghosh unpacks how our dominant economic model perpetuates inequality, disregards environmental constraints, and continues to marginalize the unpaid care sector. She questions the conventional fixation on GDP as a benchmark for a country’s progress and contends that the existing global financial system perpetuates global power disparities that result in the neglect of the needs and rights of billions of people across the world.Dr. Ghosh argues for a ‘human rights economy’ focused on dignity, fairness, and sustainability. Drawing from her research on unpaid care work via the “5 Rs” and reimagining global financial systems, she outlines a transformative approach that places human rights at the center of economic policy. Topics/Chapters(00:00) Introduction of Jayati Ghosh and "Is the solution hiding in plain sight? Political choices for a new economic model" (02:05) Reflecting on the inadequacy of our current economic systems(04:35) GDP, “a fundamental flaw”(07:28) Power imbalances and Relative power(09:11) How to ‘flip the question’ and rethink our economic systems(11:50) The role of global finance(16:37) The need for accountability and the role of Human Rights as guardrails(18:39) Gender and the Care Economy: the five ‘Rs”(27:57) Human Rights, a tool to tackle power imbalances and to respond to growing discontent and polarizationIf you’d like to learn more about the Human Rights Economy, the work of OHCHR or UNSSC, check Economies that work-for all Podcast | Trello

PodParley-generated summary based on available episode metadata and transcript content.