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Grill Stream

228 - The Shipping News 10.18.22

Oct 21, 2022
In this podcast, the speakers discuss the financialization of the world economy and the dominance of finance capital. They also explore the concept of existence as a consciousness field and the retroactive nature of consciousness. Additionally, they analyze historical connections between influential figures and reflect on the insignificance of political conflicts in ordinary lives. The podcast also delves into the concept of multilateralism in relation to nuclear conflict and proposes that the universe goes through cycles of creation and destruction, likening it to simulations of a greater mind.
01:02:12

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Quick takeaways

  • The rise of finance capital in the American economy prioritized short-term profits over long-term productivity and innovation.
  • Financial innovation perpetuates rent-seeking behavior and exacerbates wealth inequality.

Deep dives

Financial cannibalization and the rise of finance capital

The podcast episode discusses the post-70s era in which finance capital became increasingly dominant in the American economy. This shift was facilitated by the New Deal state's relaxation of regulations, allowing finance to break free and capture the political system. The rise of finance capital led to the cannibalization of the existing American economy, prioritizing short-term profits over long-term productivity and innovation.

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