78. On Useful Idiots and Snake Oil

Published: June 16, 2021, 9:24 p.m.

b'This week we bring y\\u2019all some updates on ongoing topics of TMK interest: things we\\u2019ve done whole episodes on in the past but keep rearing the ugly heads in new and horrible ways. First we start by talking about the weird liberal trick of \\u201climitarianism\\u201d and the latest bird-brained simping for billionaires. Then we get into a profile of the populist king of spacs, the memelord of investing, Chamath Palihipitiya\\u2014and the ongoing financial absurdism that distracts us from actual analysis of more pressing issues. We wrap up by talking about the latest bizarre debate over if BlackRock is bad or blameless for buying homes in bulk.\\nSome stuff we reference:\\n\\u2022 Is it time to limit personal wealth? https://www.washingtonpost.com/opinions/2021/06/12/is-it-time-limit-personal-wealth/\\n\\u2022 Think twice before changing the tax rules to soak billionaires https://www.washingtonpost.com/opinions/2021/06/09/think-twice-before-changing-tax-rules-soak-billionaires/\\n\\u2022 The Pied Piper of SPACS https://www.newyorker.com/magazine/2021/06/07/the-pied-piper-of-spacs \\n\\u2022 Wall Street isn\\u2019t to blame for the chaotic housing market https://www.vox.com/22524829/wall-street-housing-market-blackrock-bubble \\n\\u2022 Automated landlord: Digital technologies and post-crisis financial accumulation: https://journals.sagepub.com/doi/full/10.1177/0308518X19846514 \\n\\nSubscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills \\n\\nGrab your TMK gear: bonfire.com/store/this-machine-kills-podcast/ \\n\\nHosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)'