355. The Rise of Shadow Finance
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We are a bit ahead with recording, but we had to talk about the Trump assassination attempt and JD Vance being tapped for vice president (for like the first 30 minutes). Then we get into a great essay on how private financial markets — or the shadow finance system that is unregulated, unaccountable, and undemocratic — have become the dominant form of finance in society, thanks in large part to trillions in capital allocated from public pension funds. It’s a classic case of private parasites feeding on public hosts. ••• Private Financial Markets Are Eating The World https://lpeproject.org/blog/private-financial-markets-are-eating-the-world/ ••• Why an ‘AI health coach’ won’t solve the world’s chronic disease problems https://theconversation.com/why-an-ai-health-coach-wont-solve-the-worlds-chronic-disease-problems-234369 Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)
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Just a quick note – TMK is on holiday for a couple weeks! Jathan is enjoying his honeymoon totally disconnected from all work, while Ed and Jereme are taking a much needed break. We'll back later in November with more exciting episodes. Until then – later!
Published 11/03/24