Downstream: The Middle Class Is Collapsing. Fascism Could Be Next w/ Clara Mattei

Downstream: The Middle Class Is Collapsing. Fascism Could Be Next w/ Clara Mattei

Author: Novara Media March 16, 2026 Duration: 1:20:05

Rising unemployment, increased military spending, and a decline in living standards for most people, including the middle class: the description fits both the 1930s and the 2020s. In the 1930s, it was a situation that morphed into the destruction and horror of the Second World War.

On Downstream with Aaron Bastani this week is Clara Mattei, professor of economics at the University of Tulsa, and author of ‘Escape From Capitalism: Economics Is Political and Other Liberating Truths’. Mattei’s PhD was on the relationship between austerity and fascism in inter-war Italy, and her book is a comparative study of Britain and Italy in that period.

What, they ask, is the relationship between austerity and fascism – both then and now? Is capitalism a ‘natural fact’, as its proponents would have you believe, or a contingent set of affairs designed and propped up by governments? And if capitalism is in fact a choice, how can we go about building an alternative?


Tune in to Novara Media for a distinct and probing take on the world as it is, and as it could be. This independent podcast offers a necessary space for the conversations often sidelined elsewhere, weaving together sharp analysis of current affairs with deeper explorations of culture, philosophy and power. Each episode naturally delves into the interconnected crises shaping our time-be it the fraying edges of our economic system, the urgent fight for climate justice, or the enduring struggles against structural inequality. The discussions are built on a foundation of radical thought and a commitment to imagining alternatives, moving beyond the day's headlines to examine the root causes and potential futures. Hosted by the team at Novara Media, the audio format brings a direct, engaging and often challenging perspective, featuring interviews, panel debates and solo commentaries that refuse simplistic answers. It’s for anyone who finds mainstream narratives insufficient and is looking for a podcast that treats politics, society and culture as the complex, urgent and deeply human matters they truly are.
Author: Language: en-gb Episodes: 100

Novara Media
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