355. The Rise of Shadow Finance

This Machine Kills

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 — or the shadow finance system that is unregulated, unaccountable, and undemocratic — have become the dominant form of finance in society, thanks in large part to trillions in capital allocated from public pension funds. It’s a classic case of private parasites feeding on public hosts. ••• Private Financial Markets Are Eating The World https://lpeproject.org/blog/private-financial-markets-are-eating-the-world/ ••• Why an ‘AI health coach’ won’t solve the world’s chronic disease problems https://theconversation.com/why-an-ai-health-coach-wont-solve-the-worlds-chronic-disease-problems-234369 Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)