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TRASHFUTURE

*PREVIEW* Hungover Butler to the World feat. Dr Kojo Koram

TRASHFUTURE

TRASHFUTURE

Comedy

4.6851 Ratings

🗓️ 25 March 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Riley is joined by Birkbeck's Dr. Kojo Koram to discuss how Britain's colonial legal legacies - in the form of offshore, overseas, non-dom, etc. - make us the perfect place for the global rich to hide their ill gotten gains. Also, in the studio, Milo, Hussein, and Alice discuss another rent-instead-of-own startup, but with a creative twist. Get the full episode on Patreon here: https://www.patreon.com/posts/64190502 Buy Dr Koram's book here! https://www.hive.co.uk/Product/Kojo-Koram/Uncommon-Wealth--Britain-and-the-Aftermath-of-Empire/25684562 *SEE TRASHFUTURE LIVE ON 4/20* We're doing a make-up live show on 20 April in London now that we've recovered from covid (this time). Get tickets here: https://www.eventbrite.co.uk/e/trashfuture-live-podcast-tickets-303412654417 *MILO ALERT* Milo has shows coming up in Berlin, London and Brighton. Learn more here! https://miloedwards.co.uk/live-shows*WEB DESIGN ALERT* Tom Allen is a friend of the show (and the designer behind our website). If you need web design help, reach out to him here:  https://www.tomallen.media/ Trashfuture are: Riley (@raaleh), Milo (@Milo_Edwards), Hussein (@HKesvani), Nate (@inthesedeserts), and Alice (@AliceAvizandum)

Transcript

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0:00.0

actually know this.

0:01.0

What happens, what happens when like, what happens when like the art sort of goes, like,

0:05.1

loses value?

0:06.3

What if it's like Spotify?

0:07.7

What if you're, like, art that you previously sold for whatever amount?

0:12.6

Instead, you're like, oh, this has so many, you know, however many, like, rents, and

0:17.5

therefore this is the percentage they're going to give you of that.

0:20.6

Because- Oh, my God. If then, if they're not doing that business model, then- rents and therefore this is the percentage we're going to give you of that because if my god if then

0:22.6

if they're not doing that business model then the more successful startup that eats them will right

0:28.5

i've just seen there's like a painting on here which you can buy for four hundred dollars right now

0:34.2

that's a that's a cheap fucking painting in art world terms, like really fucking cheap.

0:38.3

And it rents for $38 a month, which means that the annual yield on that investment is like 100%.

0:45.1

This is great. And of course, because it's an art startup, this isn't fucking regulated in any way that might...

0:53.6

It would be cheaper to buy that on a credit card and pay the credit card interest rate on the annual payments than it is to rent there.

1:01.3

Great. But like, what if you change your mind? That's the prerogative you're paying for.

1:05.3

Yeah. Because you can't fucking sell art ever. You have to use the service instead.

1:11.9

That's right. No one has ever sold art and certainly not for a profit.

1:15.7

And also I think Alice is right in the sense of like even if like you were to sort of make

1:18.9

this business model work, it kind of just follows the same line as like every other type of

1:22.5

platform or every type of tech company that has tried to sort of like engulf creators or

1:26.8

artists in their space right

1:28.0

which is like ultimately the creators like earn very very little out of like the settlement

...

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