"The Economy" is Hell: On Overproduction and Crypto / Trevor Jackson
This Is Hell!
This Is Hell!
4.9 • 937 Ratings
🗓️ 5 June 2023
⏱️ 91 minutes
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| 0:00.0 | I want to church, yeah. This is hell. is hell. |
| 0:24.0 | Live from the United States where capitalism is the virus. |
| 0:29.0 | This is hell. |
| 0:33.0 | And when the virus hit, it sure did a number on capitalism. |
| 0:37.0 | As today's guest describes at the beginning of the pandemic, |
| 0:40.0 | suddenly closed restaurants meant tons of food that could not be served |
| 0:44.8 | to customers it needed to be destroyed despite the fact that capitalism's |
| 0:49.5 | promises of supply and demand would suggest would insist that there was plenty of places |
| 0:55.3 | that for that food to go and be put to good use feeding people as mutual aid groups |
| 1:00.0 | were demanding food for those who desperately needed it in the early stages of the pandemic. |
| 1:07.0 | But in reality, that's not how the world works. In reality, if there is no money to be made, then you might as |
| 1:17.4 | well destroy whatever supply you have, as human needs and demands mean nothing if it is not backed up with profits. |
| 1:27.0 | We've talked with many guests on the show about the problems of constant and continued economic growth. |
| 1:32.0 | For years we've had discussions with those who promote de-growth as an alternative |
| 1:37.0 | and a potential way to address climate change. |
| 1:40.0 | But one thing has always been missing from those conversations and that is |
| 1:45.4 | Over production that the market that capitalism depends upon producing too much that it depends upon the production of waste which cannot be good |
| 1:57.2 | during a time when we are already seeing the disastrous impact of climate |
| 2:01.2 | change so in a few minutes we'll try to figure out this whole nightmare |
| 2:05.2 | when we speak with Trevor Jackson who wrote the Baffler magazine article |
| 2:10.4 | Overproduction and its discontents capitalism's inherent |
| 2:16.1 | predilection for excess. But wait there's more. Trevor's most recent writing is the New York Review of Books Piece, The Price of crypto. |
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