355. The Rise of Shadow Finance

Published: July 23, 2024, 1:10 a.m.

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 \u2014 or the shadow finance system that is unregulated, unaccountable, and undemocratic \u2014 have become the dominant form of finance in society, thanks in large part to trillions in capital allocated from public pension funds. It\u2019s a classic case of private parasites feeding on public hosts.\n\n\u2022\u2022\u2022 Private Financial Markets Are Eating The World https://lpeproject.org/blog/private-financial-markets-are-eating-the-world/ \n\u2022\u2022\u2022 Why an \u2018AI health coach\u2019 won\u2019t solve the world\u2019s chronic disease problems https://theconversation.com/why-an-ai-health-coach-wont-solve-the-worlds-chronic-disease-problems-234369 \n\nSubscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills \n\nHosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)