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The Money with Katie Show

Freedom, Capitalism, and America's Missing Revolution

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.81.3K Ratings

🗓️ 26 November 2025

⏱️ 82 minutes

🧾️ Download transcript

Summary

Since I spent last week’s episode detailing the thrilling ins and outs of making your own 2026 financial plan for wealth-maxxing, today I’m taking a hard left turn and interviewing Andrew Hartman, a history professor and the author of Karl Marx in America, a 500-page tome about which he says, and here I quote directly, “My father-in-law told me that he likes the book even though he still doesn’t like Marx.” We talked about: The limitations of theories from the founding Enlightenment thinkbois like Adam Smith, John Locke, and Thomas Paine, which mostly pre-dated industrial capitalism The "gospel of success" as an anesthetic for an uproarious working class who did not go gently from their farms into factories A surprising role for corporations, which have—ironically—done more to "socialize production" than any other modern entity The trap of thinking about class as an "identity," rather than a relationship How wealth inequality creates speculative markets and bubbles Sign up for the December 3 D.I.Y. class and see the Wealth Planner System's new features: ⁠⁠https://www.moneywithkatie.myflodesk.com/mwk-2026-planning-party⁠⁠ Subscribe to my weekly newsletter: ⁠⁠⁠⁠https://moneywithkatie.com/newsletter⁠⁠⁠⁠ Get your copy of Rich Girl Nation, one of Barnes & Noble's Best Business Books of 2025:⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.moneywithkatie.com/rich-girl-nation⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Transcripts, show notes, resources, and credits at: ⁠⁠⁠⁠⁠⁠⁠https://www.moneywithkatie.com/the_mwk_show/freedom-capitalism-missing-revolution⁠⁠. — Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

For Marx and for Marxists, class is not an identity. It's a relationship. It's how you as a person relate to the means of production. Do you own the means of production? Then you're not working class. But do you have to sell your labor in order to survive? Do you have to

0:23.2

sell your labor and work for somebody who owns the means of production? Then you're working

0:29.3

class. And it's kind of as simple as that. To my perspective, what the advantage of that

0:33.8

conception of the working class is that it doesn't have this sort of like coded thing

0:40.4

that we do in America and that is, oh, the working class, well, that's white people who used to

0:45.5

work in factories or mines who are like disgruntled and conservative now. Or as Obama said,

0:51.9

these are the people who cling to their guns and religion, right?

0:54.9

So it doesn't have that sort of like coded cultural terminology or baggage.

0:59.9

It's not a victim ideology because almost all of us are the working class.

1:04.1

And it actually gives us agency as a group of people, as most people, to overcome our situation.

1:20.3

Yeah. group of people as most people to overcome our situation. Welcome back to The Money with Katie Show.

1:23.2

I'm Katie Gaddy Tossan and today I'm doing a solid for my college self, who did not take

1:29.3

advantage of her access to history classes because she was too drunk to see straight for

1:34.4

approximately all four years.

1:36.6

And I'm going to interview a history professor.

1:39.8

Andrew Hartman is a professor of history at Illinois State University.

1:43.3

He is the author of a few different books, including one called A War for the Soul of America,

1:49.3

a History of the Culture Wars, which hit my to be read list so fast it left skid marks,

1:55.7

and education and the Cold War, the Battle for the American School.

2:01.0

But he's here with me today because of a third book, published just this year,

2:06.2

about how the philosopher Karl Marx has influenced the development of the United States

2:11.9

and the country's self-concept for the last 150 years.

...

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