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Odd Lots

Slavoj Žižek on GameStop, WallStreetBets, and the Future of Capitalism

Odd Lots

Bloomberg

News Commentary, News, Business News, Investing, Business

4.52K Ratings

🗓️ 12 April 2021

⏱️ 46 minutes

🧾️ Download transcript

Summary

When GameStop shares skyrocketed earlier this year, numerous pundits were quick to ascribe political significance to the whole thing. Was it a rebellion? Was it class warfare in the spirit of Occupy Wall Street? On this episode of Odd Lots, we speak with the Slovenian philosopher Slavoj Žižek, who argues that the episode was significant and radical, but not in the way most people appreciate. We also talked about algorithmic trading, WallStreetBets, the pandemic, and what's next for the future of capitalism.

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Transcript

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0:00.0

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0:30.7

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0:39.2

Register at BloombergLive.com slash transformation slash radio.

0:54.4

Hello and welcome to another episode of the Adlots podcast.

0:59.2

I'm Joe Weisenthal. Unfortunately, my normal co-host Tracy Alloway isn't here today,

1:05.3

so it'll just be me. But if she were here today, I would call back to mind several weeks ago when

1:11.8

we were talking about GameStop, and I complained in some of those episodes about the GameStop

1:18.3

story. And I complained that throughout the GameStop story that numerous people were offering

1:25.1

up their uninformed takes on the subject. Everybody seemed to have something they wanted to say

1:30.3

about it, something about class warfare, or something about the structure of the market,

1:35.0

and by and large, most of those were not particularly interesting or informed, and Tracy got mad at me

1:41.7

for take policing, so to speak. But there was one thing I read that definitely caught my attention,

1:49.9

and sort of surprised me when I saw it, and that was a piece in the UK magazine The Spectator

1:57.7

titled Corruption for Everybody. And the author of that piece is the well-known philosopher,

2:05.1

Slavoie Giegek. He's at the University of London, and the University of Lubliana.

2:10.8

Slavinian professor, author, author of numerous books, filmmaker created the documentary,

2:17.1

widely viewed, titled The Perverts Guide to Ideology, and a sort of well-known leftist,

2:23.5

Marxist, psychoanalyst, philosopher, talking about GameStop really intrigued me, and so I thought,

2:30.0

why don't we get him on the show and talk about stocks in the market, in the economy, in the

...

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