Disclaimer: this episode was recorded before Silicon Valley Bank collapsed. We will do a post-mortem on that debacle in the next premium episode. In part 2 of our discussion on venture capitalism, we dig further into an excellent (and very long) new law article that is crucial for understanding VC. How did this very particular model of investment, which is guided by its own idiosyncratic interests and structural imperatives, come to hold the reins of our global innovation system? And what does t...
Mar 14, 2023•8 min
In this week’s episodes, we dig into an excellent (and very long) new law article, which is crucial for understanding the history, mechanics, constraints, and consequences of venture capitalism. How did this very particular model of investment, which is guided by its own idiosyncratic interests and structural imperatives, come to hold the reins of our global innovation system? And what does that mean for how key decisions are made about technological development? Article we discuss: ••• Enhancin...
Mar 09, 2023•1 hr 25 min
Now we know why Henry Kissinger looks the way he does. He peered into the true face of the New God // New Technology. He is paying the price for this forbidden glance – cursed to live for eternity in a shriveled flesh husk, damned to preach about its power, along with Eric Schmidt and Daniel Huttenlocher. Their reverence is tempered by vague warnings of risk and responsibility. Their hysterical register is offset by the hushed tones of sober reflection. Stuff we reference: ••• ChatGPT Heralds an...
Mar 06, 2023•8 min
We are joined by Malcolm Harris—author of Palo Alto: A History of California, Capitalism, and the World—to discuss his magisterial book on how a hellmouth in Northern California has, for the last two hundred years, been a vortex of power for capital. We discuss some of the lesser known people and products of Palo Alto—like Herbet Hoover and William Shockley—that have had very important impacts (for worse and worse) on the direction of modern society, but have largely been looked back on in very ...
Mar 02, 2023•1 hr 18 min
We look at the latest way bosses are outsourcing the dirty work of owning capital and managing workers to techno-consultants. Then see why venture capitalists are loudly crying about a light touch rule that will require them to prove they actually did due diligence before spending billions of other people’s dollars. And we wrap things up by checking in on the plight of Amazon under its new CEO Andy Jassy – and wonder if the company’s troubles will lead to a second imperium of Bezos? Stuff we ref...
Feb 25, 2023•6 min
We discuss the supermarkets for data – giant grocery chains like Kroger have created powerful capacities for data extraction and monetization. This forces us to expand our analysis of data surveillance beyond the usual suspects in big tech and reckon with the fact that data capital is not a thing that can be excised from the political economic system, but is now an essential component of that whole system’s operations. Stuff we reference: ••• Forget Milk and Eggs: Supermarkets Are Having a Fire ...
Feb 22, 2023•1 hr 15 min
In this installment of What the Fuck is Happening in America: floating “objects” keep getting shot down; a train carrying the toxic gas vinyl chloride has turned Ohio into a sacrifice zone; the Biden administration ramps up its investments in industrial policy, but in such a way that apparently the entire purpose of the economy is to try incentivizing private companies, with tax credits and subsidiaries, into directly competing with China. Sorry folks, the economy can’t do anything else for any ...
Feb 18, 2023•7 min
Jumping off an FT op-ed on venture capital and tech hype – which aligns great with TMK thought – we discuss the value and risk models of venture capitalism, then get into the emerging market structures and dynamics for generative AI. It’s not just a web3 redux. We end with Ted Chiang’s fantastic article on lossy compression as an analogy for large-language models. Some stuff we reference: ••• The new Current Thing for VCs mourning the implosion of Web3 https://www.ft.com/content/83807cad-5f2c-4c...
Feb 15, 2023•1 hr 14 min
We get some Parisian updates and stories from Ed. Then we enter the mind palace of a libertarian who, with all the annoying pretension of a philosophy major, tried to make ChatGPT say the word. We wrap up with a discussion of the “year of efficiency” in Silicon Valley as the biggest four tech companies are rewarded with over $800 billion in market cap for making massive job cuts, massive stock buybacks, and massive investments in AI. Some stuff we reference ••• Big Tech groups disclose $10bn in ...
Feb 10, 2023•1 hr 21 min
Part 1 –– We welcome returning champ Nick Chavez – mechanical engineer, marxist political economist – for a long conversation about his new essay examining the real nitty-gritty aspects of production and labor, knowledge and management. Time to step down from the ivory tower and onto the shop floor. We talk extensively about different modes of manufacturing and the stratification of technical expertise within capitalist production – and what needs to be kept, changed, and abolished in a transiti...
Feb 05, 2023•1 hr 22 min
We dip into the a16z omnibus of predictions for the tech industry in 2023. Time to learn what the thought masters of the universe are trying to wishcast into existence because they have a material interest in making them happen. Stuff we reference: ••• Big Ideas in Tech for 2023: An a16z Omnibus https://a16z.com/2022/12/15/big-ideas-in-tech-2023/ Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Grab TMK gear: https://www....
Feb 01, 2023•7 min
Ed takes us on a guided tour of Odin Intelligence, SweepWizard, CloudFactory and other tech bullshit that sounds like embarrassing nonsense while also contributing in their own way to monetizing, mobilizing, and heightening the eschaton. Stuff we reference: ••• Police Contractor That Promised to Track Homeless People Hacked https://www.vice.com/en/article/xgyjnq/odin-intelligence-hacked ••• Crime App ‘Citizen’ Fires Overseas $2 an Hour Workers https://www.vice.com/en/article/pkg5nk/citizen-fires...
Jan 28, 2023•1 hr 19 min
It’s been a while since we’ve done a real reading series. So we spend time with a group of rogue entrepreneurs who are taking it upon themselves to save the planet by geoengineering the atmosphere. Stuff we reference ••• A startup says it’s begun releasing particles into the atmosphere, in an effort to tweak the climate https://www.technologyreview.com/2022/12/24/1066041/a-startup-says-its-begun-releasing-particles-into-the-atmosphere-in-an-effort-to-tweak-the-climate/ ••• Saudi Aramco bets on b...
Jan 24, 2023•4 min
We spend more time talking about the political economy of AI – the production and application of AI within a capitalist system and how it might (and should) differ within a socialist or communist system. We pay particular attention to discussing the growing and specialized industries for producing, supporting, propping up, and stepping in for AI in a variety of applications. Living labor creates the machinery of dead labor, which then acts as an agent of capital to discipline and dominate living...
Jan 19, 2023•1 hr 19 min
They don’t make things like they used to… No really. They don’t. We discuss how a perfect storm of things like stagnant wages, rising inflation, declining profits, expedited production, among other factors have led to a real drop in the quality of consumer goods along with generally lowered expectations of living conditions and technological innovations. Stuff we reference ••• Your stuff is actually worse now https://www.vox.com/the-goods/23529587/consumer-goods-quality-fast-fashion-technology •...
Jan 17, 2023•6 min
We offer some thoughts on where the tech sector is heading right now, how the markets are performing amidst a down turn, and what big trends for tech and capital are looking strong in the new year. Stuff we reference ••• A new era: the end of cheap money https://www.ft.com/content/6d312b6c-9f74-4816-ad7e-7e797c5e0f6b ••• Silicon Valley start-ups race for debt deals in funding crunch https://www.ft.com/content/d12a4baa-53c6-4256-b125-d25622f9555f ••• Silicon Valley staff rush to offload start-up ...
Jan 13, 2023•1 hr 21 min
We do a postmortem on 2022, the year of Web3, talking about the goofs and grifts, speed and scale, crashes and canaries, with our major takeaway and theme being that just as FTX is not anomalous for Web3, nor is Web3 anomalous for Silicon Valley. It is, instead, a product and paragon of the structural conditions and systemic imperatives that define how the political economy of technology operates within capitalism. Stuff we reference ••• In 2022, web3 went just great https://newsletter.mollywhit...
Jan 08, 2023•8 min
We give some personal updates, then get distracted talking about a new survey on consumer sentiments and insurance technology. It turns out that actually the vast majority of people *do not* want to use surveillance technology and exchange data for any insurance discounts. Remember this when insurance policies that require using devices and sharing data still proliferate. It's not because consumers want them, but because insurers demand them. Stuff we reference: ••• Most Americans still refuse t...
Jan 05, 2023•1 hr 10 min
We breakdown ChatGPT, the conversational large language model created by OpenAI. How this system works. How it has been fetishized by consumers and reporters, critics and advocates. Why most of the hand wringing and claim making about the impacts of this technology has been wrongheaded. And why our analysis of the implications for such a system being integrated into everyday life—regardless of how well it does or does not work—must push past the bounds of bias and misinformation. We are talking ...
Jan 03, 2023•8 min
If we want to understand the cloud, then we need to study real estate. We are joined by Dan Greene—from the University of Maryland’s College of Information Studies—who has written the premier analysis of who owns the internet. We all know the cloud is a place, but many of us think that place is largely owned by familiar tech giants. Wrong. The actual owners of the bones and pipes of the internet are Real Estate Investment Trusts and, by extension, private equity firms. The stack of landlords goe...
Dec 30, 2022•1 hr 34 min
We give some personal updates, then get distracted talking about a new survey on consumer sentiments and insurance technology. It turns out that actually the vast majority of people *do not* want to use surveillance technology and exchange data for any insurance discounts. Remember this when insurance policies that require using devices and sharing data still proliferate. It's not because consumers want them, but because insurers demand them. Stuff we reference: ••• Most Americans still refuse t...
Dec 27, 2022•6 min
We take a look at the critical ecologies of the cloud with Mél Hogan – Director of the Environmental Media Lab at the University of Calgary – who researches the environmental politics of server farms and data centers. We unpack the ongoing domination of nature by machine and market logics — until there isn’t anything left to dominate. ••• Mel’s twitter: https://twitter.com/mel_hogan ••• Mél’s work: https://www.melhogan.com/ ••• Project on art and the cloud https://www.criticalstudiesofthe.cloud/...
Dec 20, 2022•1 hr 18 min
We continue our analysis of all things green by looking deeper at the operations of a core mechanism directing cash flows into sustainable investments: ESG. What is ESG? How does it work? You think you know? You assume you understand it? Does the acronym stand for environmental and social governance? Or does it actually stand for environment, social, and governance? Would you believe that the placement of “and” makes all the difference? If there is confusion about the very acronym, then what oth...
Dec 19, 2022•8 min
With the UN Climate Change Conference (COP27) recently happening, we dig into the political economy of green policy, green investing, green finance, green technology, green capitalism. What is driving the transition necessary to sustain the billions of lives – and trillions in profits – on Earth? Who are the vanguards of sustainability lighting our way into the future? Stuff we reference: ••• The Wall Street Consensus at COP27 | Daniela Gabor https://www.phenomenalworld.org/analysis/the-wall-str...
Dec 16, 2022•1 hr 12 min
While Jathan is busy with his day job, Ed and Jereme are joined by Ed Zitron and Aaron Thorpe for a shitposters party. Topics include: dystopias, cat ownership as praxis, conspiracy theories about Covid and JFK, and how Las Vegas isn’t doing the crypto bullshit. Also: talking shit about all the usual suspects. Ed’s twitter: https://twitter.com/edzitron Ed’s substack: https://ez.substack.com/ Aaron’s twitter: https://twitter.com/borgposting Aaron’s podcast 1: https://twitter.com/thetrillbillies A...
Dec 13, 2022•8 min
We are taking a break to catch up on stuff. Enjoy this classic (and infuriating) premium episode. Take beta blockers before this episode. In a companion piece for our episode on Health Communism, we dig into a concrete case that exemplifies everything we talked about with the production of surplus populations for the purpose of extractive abandonment. The ongoing story we discuss in this episode takes all those dynamics and pushes them to their most horrific logical conclusions. Some references:...
Dec 07, 2022•1 hr 2 min
We continue our deep dive into a provocative, radical blueprint for democratizing finance and taking control of the economy. We detail Omarova’s detailed proposal for turning the Federal Reserve into the People’s Ledger. On the liabilities side, we discuss the universalization of deposit services (aka FedAccounts) and the elimination of private deposit-taking by commercial banks. On the assets side, we discuss the creation of a National Investment Authority which would allocate capital to social...
Dec 06, 2022•7 min
We dive deep into a provocative, radical blueprint for democratizing finance and taking control of the economy. A recent paper by law professor – and a favorite thinker of TMK – Saule Omarova offers a detailed plan for how to reengineer the Federal Reserve, totally restructuring its balance sheet, and “redefining the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy—the People’s Ledger.” ••• The People's ...
Dec 02, 2022•1 hr 23 min
We’re pulling the ripcord on this book. After slogging through five chapters, we discuss why this book just isn’t working for our needs with the TMK Book Club and why we are abandoning it. Despite it being an influential book, which is squarely in our interests, its approach to describing the topic makes it difficult and, frankly, not very fun to talk about. So instead we talk about some other contenders for the next iteration of the TMK Book Club that show more promise and take us in some diffe...
Nov 29, 2022•5 min
As the tech economy faces a massive turn down, we dig deeper into a market segment that experienced meteoric overcapitalized growth, a huge pandemic boost, and an immediate collapse: instant delivery // dark stores // ghost kitchens. To help us analyze the consequences of this sector’s rise, demise, and aftermath we are joined by Aaron Shapiro – author of Design, Control, Predict: Logistical Governance in the Smart City. ••• Aaron’s twitter: https://twitter.com/BricolageYumYum ••• Aaron’s book: ...
Nov 24, 2022•1 hr 20 min
