

Summer Friday: History of Capitalism; Air Conditioning; Black Lung's Return; Elie Mystal
6 snips Aug 15, 2025
In this engaging discussion, John Cassidy, a New Yorker staff writer, explores capitalism's historical critiques and links to today's inequalities. Eric Dean Wilson highlights the duality of air conditioning, celebrating its benefits while confronting its environmental costs. Kate Morgan reveals the alarming resurgence of black lung disease among miners, emphasizing the need for better protections. Elie Mystal critiques ten controversial laws he dubs a 'Bill of Wrongs,' calling for their reevaluation to address injustices in the legal system.
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Adam Smith As Early Globalist Critic
- John Cassidy reframes Adam Smith as a critic of mercantilism who championed competition over monopolies.
- Many modern problems like crony capitalism have deep historical precedents dating to the 18th century.
Luddites As Rational Protestors
- The Luddites reacted rationally to machine-driven job loss, not to technophobia.
- Technological disruption repeats: AI now threatens middle-class professional roles the way machinery did artisans.
AI Threatens Professional Jobs
- AI threatens not only manual but professional jobs, accelerating displacement beyond prior automation waves.
- Even tech leaders acknowledge societal disruption and publicly float universal basic income as a response.