Ed is joined by reporter Noah Lanard to talk about his recent profile of Peter Thiel’s apostle: Blake Masters. We track the origins and development of his ideology: from his childhood flirtation with liberalism(?) to his college libertarianism and deeper integration into Thiel’s network of fascists eager to seize control of the GOP and Silicon Valley. Read the article: https://www.motherjones.com/politics/2022/07/blake-masters-peter-thiel-donald-trump-arizona-senate-mark-kelly/ Follow Noah: http...
Aug 07, 2022•4 min
We dig into a convoluted and confused scheme for people selling shares in their future to venture capitalists, which pushes logics of hyper-financialization in even more perverse directions—all proposed by two brothers who are the epitome of a dumb guy’s idea of smart guys. Article we discuss: ••• Is Selling Shares in Yourself the Way of the Future? https://www.newyorker.com/magazine/2022/08/01/is-selling-shares-in-yourself-the-way-of-the-future Subscribe to hear more analysis and commentary in ...
Aug 05, 2022•1 hr 7 min
At long last, we dive into the last chapter of The Dawn of Everything by Graeber and Wengrow. We reflect on this odyssey of a book, pulling out its major themes, discussing the baseline freedoms that are essential for society, considering the nihilistic contradictions inherent to the Enlightenment view of humanity, looking back on how we got stuck in static social relations and dead end political developments, plus more! Subscribe to hear more analysis and commentary in our premium episodes ever...
Jul 31, 2022•6 min
We are joined by Jörg Tittel, creator of the new video game The Last Worker, which is part social satire, part interactive narrative, part adventure game. We discuss the ideas, story, design, and production behind the game where players take on the role of the last human worker in an otherwise fully automated fulfillment center the size of Manhattan that is operated by Jüngle—a near future version of Amazon. The Last Worker is coming out on most platforms, including VR, later this year. ••• The ...
Jul 27, 2022•1 hr 4 min
Now it’s time to get into the real analysis of fintech as laid out by Saule Omarova’s work. We walk through the dominant regulatory approach to financial markets that came from the New Deal; how the 1980s is the true origin of the fintech revolution; how the secondary financial markets have taken over the whole system; how new technologies focused on making micro-level transactions faster, easier, cheaper have led to making macro-level systems more unstable, unrestrained, and untethered from rea...
Jul 24, 2022•5 min
We set up and begin discussing a paper that can be described as a Rosetta Stone for how to analyze the development, logics, mechanics, and impacts of fintech innovations from the 1980s onward — and the regulatory regime for financial markets that traces back to the New Deal. This paper is dense in the best way, so it demands (and deserves) a lot of focused time/attention. This episode establishes the bones of the analysis; the next one on the premium feed will flesh out the analysis. The paper w...
Jul 21, 2022•1 hr 7 min
We dive back into chapter 11 – Full Circle – of The Dawn of Everything by Graeber and Wengrow. We revisit the Indigenous critique of how human civilization develops and where the political values underlying modern human societies originate. First outlined in the beginning of the book, we now further flesh out the Indigenous critique and drive home its key conclusions. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TM...
Jul 18, 2022•9 min
{For this week we're unlocking a classic episode} We talk about the absurdities of proptech – or the real estate technology sector – which is jam packed with out-of-control purchasing by house-flipping algorithms powered by automated valuation models that lead to balance sheets filled with liabilities and it’s all fuelled by way too much free-flowing capital. In other words, a classic recipe for disaster. The article we discuss: ••• House-flipping algorithms are coming to your neighborhood | Mat...
Jul 13, 2022•1 hr 17 min
Paris Marx is back for part two of our discussion about their new book Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation. This time we dig deeper into the winding history of the electric vehicle and why today’s model of electrification without collectivization is not going to solve our problems—just cause new ones. ••• Road to Nowhere | Paris Marx: https://www.versobooks.com/books/3995-road-to-nowhere ••• Follow Paris: https://twitter.com/parismarx ••• Listen to ...
Jul 10, 2022•8 min
Dear friend of the show, Paris Marx, has an excellent new book just out from Verso called Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation. Paris is back on the show to dive into the book’s historical, grounded, critical analysis with us. This is part 1, with part 2 coming out on the patreon feed later this week. ••• Road to Nowhere | Paris Marx: https://www.versobooks.com/books/3995-road-to-nowhere ••• Follow Paris: https://twitter.com/parismarx ••• Listen to T...
Jul 07, 2022•1 hr 14 min
In this real chill episode, the boys get loose, lay back, and just chat. We cover dental work, drug nerds, and oh yeah, that time Jereme got stabbed in Mississippi days after 9/11 for making a joke. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Productio...
Jul 04, 2022•6 min
We have a special investigation from Professor Ed, who takes us on a journey through the history and development of innovation policy and venture capital in China. We begin with the massive government Torch Program that, starting in the 1980s, set about engineering a national innovation sector on a scale never seen before. Then in the 1990s we see China begin liberalizing its markets, opening up for different forms of investment both domestic and international. But doing so in its own unique way...
Jun 30, 2022•1 hr 3 min
Jathan is back from Sweden where he was giving a keynote at a smart cities conference. For this episode, Jathan delivers his keynote here — “State-as-a-Platform” – Sovereignty and Capital in Smart Governance – which is followed by a rousing discussion about the relations between agency and structure, doom and hope, positioning and maneuvering. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store...
Jun 27, 2022•5 min
We are joined by David Gerard – longtime critic of blockchain, even before it was cool – to discuss the experience of staring into the crypto abyss and having it stare back into you. Follow, read, and support David here: ••• Twitter: https://twitter.com/davidgerard ••• Attack of the 50 Foot Blockchain: https://davidgerard.co.uk/blockchain/book/ ••• Libra Shrugged: https://davidgerard.co.uk/blockchain/libra/ ••• Patreon: https://www.patreon.com/davidgerard Subscribe to hear more analysis and comm...
Jun 24, 2022•1 hr 13 min
We dive back into chapter 10 – Why the State Has No Origin – of The Dawn of Everything by Graeber and Wengrow. And finish up our discussion of how different forms of social power based on violence/sovereignty, information/administration, charisma/heroic politcs all come together in different combinations at different places and points, with some features exaggerated over others, to produce radically different forms of states throughout human history. Subscribe to hear more analysis and commentar...
Jun 20, 2022•6 min
We’re joined by Olivier Jutel to talk about a fantastic paper he wrote on blockchain imperialism in the Pacific. We discuss how blockchain projects and crypto entrepreneurs are partnering with the US State Department and contributing to the geopolitical agenda of American hegemony. This is all part of the Pacific Ideology – a long history of treating the Pacific islands as a colonial frontier for financial extraction and testbed for experimental innovation. It’s techno-solutionism in the service...
Jun 16, 2022•1 hr 15 min
We dive into chapter 10 – Why the State Has No Origin – of The Dawn of Everything by Graeber and Wengrow. This is a massive chapter that gets deep into analyzing the features of social power and development of state institutions. We see how control of violence, control of information, and control of charisma all come together in different combinations at different places and points, with some features exaggerated over others, to produce radically different forms of states throughout human histor...
Jun 12, 2022•10 min
We’re joined by Ben Tarnoff—author of Internet for the People; co-founder of Logic Magazine—to do some historical materialism on the internet. Ben has a great new book coming out that traces the political economic development of the internet, from its origins as a military network to its privatization via wholesale handover to a telecom oligopoly to its existence today as an archipelago of shopping malls run by slumlords. We then discuss why there’s an urgent need for democratizing and demarketi...
Jun 09, 2022•1 hr 19 min
We go from talking about how AI/ML research is dominated by the resources, interests, and tradeoffs of “top labs.” Then discuss how our algorithmic agents become active participants in human culture but in ways that can be unexpected and unknowable. Together these conditions are producing a world that is far more weird, bizarre and unsettling than anybody intended. Less George Orwell, more Phillip K. Dick. Some stuff we reference: ••• I don't really trust papers out of "Top Labs" anymore | https...
Jun 04, 2022•7 min
We are joined by Bennett Tomlin and Cas Piancey, hosts of the great podcast Crypto Critics’ Corner, for a deeper dive into stablecoins—a cornerstone // time bomb of the crypto financial system. They explain how stablecoins, and specifically Tether, have become systemically important to the workings of the system and the wealth of big players, creating too big to fail institutions that continue growing despite their practices, performance, and people being anything but stable. Listen to Crypto Cr...
Jun 03, 2022•1 hr 18 min
We dive into chapter 9 – Hiding in Plain Sight – of The Dawn of Everything by Graeber and Wengrow. We discuss the utopian experiment of Teotihuacan in Mesoamerica 2000 years ago: a city that revolted against authoritarian rule and instituted a socialist system, complete with universal housing and democratic governance, which lasted for hundreds of years. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfir...
May 30, 2022•9 min
(While Jereme works to overcome a technical problem from our last record, we are unlocking an episode.) We continue our discussion of Hilary Allen’s paper on DeFi and shadow banking and dive into her comparative analysis between Wall Street and Silicon Valley. We see how there are direct analogues between the kind of financial innovations and systemic fragilities that led to the 2008 crash and the crisis dynamics of DeFi: overleveraging and crypto tokens; rigidity and smart contracts; bank runs ...
May 25, 2022•1 hr 31 min
(Sorry for the delay!) We comb through Andreessen Horowitz’s inaugural 2022 State of Crypto Report, devoting more time and attention to discussing its claims and framing than it should warrant. But considering the outsized influence a16z has here, they force us to take seriously even their most inane fever dreams. In the process of reviewing the report, we receive a masterclass in how to lie with graphs and numbers. Some stuff we reference: ••• Introducing the 2022 State of Crypto Report | a16z ...
May 24, 2022•8 min
We check in on our old friend / enemy / mentor, Masayoshi Son, and see how the SoftBank Vision Fund has been faring over the last year. The Masa multiplier effect is his ability to amplify the state of the larger tech sector. When it’s good, it’s really good. But when it’s really bad—in the way tech sector valuations have been dropping this year—oh boy, it’s enough to make you want to [redacted]. Fortunately, nobody has a stronger stomach for loss than Masa. Some stuff we reference: ••• Tech bub...
May 20, 2022•1 hr 16 min
We dive into chapter 8 – Imaginary Cities – of The Dawn of Everything by Graeber and Wengrow. We talk about the origins of cities and contradict the commonly held belief that proto-state governance—e.g. centralized, hierarchical administration—developed in tandem with urban society. Instead, early cities existed for hundreds of years, organized by bottom-up self-governance, before the palaces and temples became the centers of urban power. Subscribe to hear more analysis and commentary in our pre...
May 16, 2022•10 min
We review China’s hard, fast, and big regulatory responses to big tech’s rising power over the last year, discuss the vastly different political theories motivating tech policy in the US, Europe, and China, and look ahead for what’s to come as China unveils a new set of sweeping, world leading regulations for AI decision-making. Some stuff we reference: ••• China’s Tech Crackdown: A Year-in-Review https://www.lawfareblog.com/chinas-tech-crackdown-year-review ••• What Xi Means by ‘Disorderly Capi...
May 13, 2022•1 hr 24 min
We continue our discussion of Hilary Allen’s paper on DeFi and shadow banking and dive into her comparative analysis between Wall Street and Silicon Valley. We see how there are direct analogues between the kind of financial innovations and systemic fragilities that led to the 2008 crash and the crisis dynamics of DeFi: overleveraging and crypto tokens; rigidity and smart contracts; bank runs and stablecoins. Allen then argues that the best approach is not to legitimize DeFi through regulation, ...
May 08, 2022•9 min
We discuss an extremely good paper by law professor Hilary J. Allen – DeFI: Shadow Banking 2.0 – which lays out a very clear, critical, and comparative analysis of the unregulated financial instruments that led to the 2008 global financial crash and their systemic similarities to the unregulated financial innovations that are emerging in DeFi / Web3. In this first part, we lay out the causes of the 2008 crash, explaining specific instruments and dynamics that caused this hyper-complex fragile sy...
May 05, 2022•1 hr 4 min
We dive into chapter 7 – Ecology of Freedom – of The Dawn of Everything by Graeber and Wengrow. In which we discuss the tragedy of the commons, ecological imperialism, flirtations with farming, domestication of plants and animals, dangers of teleological reasoning, and much more. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.c...
May 01, 2022•10 min
We take a walk on the weird side as a brief reference to the novel Guns of the South by Harry Turtledove—a graphomaniac author of alternative histories and all around beautiful mind—leads us down a rabbit hole of increasingly bizarre discoveries. Enjoy a little something different from our normal programming… Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted...
Apr 28, 2022•1 hr 11 min
