US States and Municipalities Foot the Bill for Israel's War Machine / Lucy Randall & Clark Randall

This Is Hell!

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4.9 • 937 Ratings

🗓️ 19 June 2024

⏱️ 103 minutes

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Summary

Clark Randall, a past guest, and Lucy Randall who co-wrote The Nation article, "How Israel Bonds Put the Cost of the War in Gaza on US States and Municipalities: After October 7, Palm Beach County, Florida, bought $660 million in Israel bonds. A new lawsuit argues that it’s a bad deal for taxpayers." Clark is an independent journalist and PhD student at Brown University. His work considers questions of race, class, and finance in the US and internationally. Lucy is a freelance journalist and an immigration lawyer representing asylum seekers in New York City. Clark was on last August to talk about his Boston Review article, "Bond Villains: How a little-understood feature of urban finance—municipal bonds—fuels racial inequality." "The Moment of Truth" with Jeff Dorchen follows the interview. Check out their article here: https://www.thenation.com/article/society/israel-bonds-palm-beach-lawsuit/ Help keep This Is Hell! completely listener supported and access weekly bonus episodes by subscribing to our Patreon: https://www.patreon.com/thisishell

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0:00.0	Yeah, oh yeah, yeah, oh yeah.
0:27.0	Yeah.
0:30.0	Oh yeah. We talk about.
0:35.0	The great in the water.
0:37.0	The water would be
0:40.0	so be our power. Take it back!
1:05.0	Take it down! This. This is hell.
1:14.0	Will live streaming listeners want to know what were you playing before the show started uh that was ghostlight I like that that was pretty good yeah they're pretty good
1:17.4	when are they from nowadays uh yeah they're pretty recent
1:20.9	they're still doing their thing.
1:22.6	Cool. That album was from like 2019 or something.
1:25.6	Oh, pre-Pandemic, man. Even, like a good figure.
1:28.8	Live from the United States where capitalism is the virus. This is hell. One of the ways the sickness that is
1:37.4	today's capitalism goes undetected is municipal bonds, which sounds boring, but somehow it's not.
1:48.0	As was mentioned on our show a week ago today by journalist Amanda Abrams,
1:52.0	who was on to discuss her article at The Intercept,
1:54.4	the little known reason counties keep building bigger jails, architecture firms.
2:00.0	Those bonds play a key role in undermining whatever gains were made by the movement against mass incarceration.
2:08.0	Amanda explains in her writing that citizens may agree that their county needs a decent secure jail. But few pay close
2:16.4	attention to the public finance tools like bonds and taxes that pay for it. It's a remarkably opaque sector. So those bonds, whether
2:26.2	citizens know it or not, whether they approve them or not, are going to building jails two to three times the size of current facilities
2:36.1	based on the assumption that crime always gets worse. An assumption that
	...

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