Slo Mo: A Podcast with Mo Gawdat Uncovering the Truth About Capitalism: Brett Christophers & Mo Gawdat Expose the Real Estate Game
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Sep 16, 2024 Brett Christophers, a professor of economics and author known for his insightful critiques of capitalism, joins Mo Gawdat for a revealing discussion. They delve into rising rent prices and how private equity firms are reshaping the housing market post-2008, benefiting from systemic inequalities. The conversation highlights the challenges of homeownership in urban areas, the monopolistic behavior of utility companies, and the advent of techno feudalism, urging listeners to rethink their relationship with capitalism.
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Rethinking Narratives
- Mo Gawdat realized that commonly accepted narratives about the world, from both his Eastern upbringing and Western education, were misleading.
- He emphasizes the importance of critically examining established systems like the economy and geopolitics.
Capitalism's Promise vs. Reality
- Capitalism promises opportunity and social mobility, but this holds varying degrees of truth globally.
- The US, despite being considered the home of capitalist freedoms, has a large gap between perceived social mobility and the reality.
Private Equity and Housing
- Private equity firms buy housing, raise rents, minimize maintenance, and sell quickly for profit.
- Mo Gawdat credits Brett Christophers for opening his eyes to the rentier economy and private equity's role in housing.