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Slate Money

Money Talks: Capitalism Extremists In the Trump 2.0 Era

Slate Money

Slate Podcasts

Investing, Business

4.3988 Ratings

🗓️ 4 February 2025

⏱️ 40 minutes

🧾️ Download transcript

Summary

In this Money Talks: Historian Quinn Slobodian’s 2023 book Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy explored the dark reality that many extremists seek a purely capitalist society free of democracy. Now, with the Silicon Valley elite playing such a large role in Trump’s second term, Quinn's work is more relevant than ever. In this episode, Quinn joins Felix Salmon to discuss the relationship between radical tech billionaires and the Trump administration, and its potential consequences for our democracy. Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello, and welcome to Money Talks from Slate Money, our show where we talk to the most interesting and intelligent people in the world and get them to share their wisdom with us.

0:24.6

I'm Felix Salmon of Axios and today I am joined by Quinn Slobodeon. Quinn, welcome.

0:31.6

Very good to be here. Thank you.

0:33.6

Introduce yourself. Who are you?

0:35.6

I am a historian. I teach international history at are you? I am a historian.

0:37.9

I teach international history at Boston University.

0:40.6

And I also write books, some of them with more contemporary relevance.

0:44.6

Most recently, I wrote a book called Crack Up Capitalism, Market Radicals, and the Dream of a World Without Democracy.

0:51.2

And then before that, you wrote a book about the rise of neoliberalism.

0:55.5

Yep. Yeah, I wrote a book called Globalists, The End of Empire and the Birth of Neoliberalism,

1:00.1

which kind of went from the ashes of the Hopsburg Empire up to the foundation of the World Trade Organization.

1:05.9

This crack-up capitalism was kind of the sequel to that, like when the libertarians got sporally, kind of thing.

1:11.2

And now we have this whole new Trump era, and I cannot wait to get stuck in with you on the question of

1:19.8

the degree to which and even whether that changes anything.

1:27.9

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1:57.0

Let's fast forward through the Habsburgs and the World Trade Organization and get to the little sort of micro-states and free ports and all of the rest of it that were the subject of crack up capitalism.

2:10.1

There was a lot in your book about sort of Peter Thiel and seedsteading and this sort of dream of sort of capitalist autonomy. And we know that that

2:21.3

crowd, that Silicon Valley crowd, is incredibly influential in the current Trump administration.

2:27.1

So I guess that's a good place to start is like, where are we right now and do you see that

...

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