This Machine Kills
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355. The Rise of Shadow Finance
🕑 Added 2024-07-23 01:07:17 +0000 UTCWe 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
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)
Comments
AceTomatoCompany
CALPERS also took a huge bath by being an enthusiastic investor in ENRON.
William
You know, this fruit would be a whole lot bigger if the tree didn’t spend so much nutrients on the trunk, the branches, and these useless leaves that just die each year
