#186 - Rupert Russell - The Global Game of Money & Power

#186 - Rupert Russell - The Global Game of Money & Power

Rupert Russell joins me to discuss the hidden power of prices, the chaos of financial markets and whether the economy is really just a global game of Monopoly.


Rupert explains how price shocks have shaped history, from bread riots and the Arab Spring to housing, oil, food and the financial crisis. We discuss derivatives, futures markets, commodity speculation, Goldman Sachs, central banks, inflation, asset managers and why the price of essential goods can become politically explosive.


We also get into AI, scarcity, status, the future of work, whether the price system breaks in a world of abundance, and why Rupert thinks The Matrix is a better model for our future than Terminator or Ready Player One.


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TIMESTAMPS:

00:00:00 - Is the Economy Just a Game?

00:00:56 - The Horror of Our Economic System

00:01:39 - Why Prices Shape History

00:05:15 - The Sandpile Theory of Society

00:07:38 - How Governments Manipulate Prices

00:12:00 - Housing and the Broken Social Contract

00:16:10 - How Derivatives Began

00:19:36 - Futures, Farmers and Speculators

00:23:24 - When Insurance Became Gambling

00:27:02 - The Road to the Financial Crisis

00:32:18 - Hayek, Friedman and Price Signals

00:36:20 - How Food Became Financialised

00:41:23 - What Pushes Food Prices Up?

00:49:13 - Did Global Markets Break Economics?

00:54:08 - What Is the Real Price?

01:03:57 - Who Really Runs the Economy?

01:11:28 - The Global Game of Monopoly

01:19:24 - Is the Market Now Correlated to AI?

01:36:14 - AI and the End of Scarcity

01:50:06 - Terminator, Matrix or Ready Player One?


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CONTACT PETE

› Website – http://petermccormack.com

› Feedback – https://www.petermccormack.com/contact

› Email – me@petermccormack.com

› Instagram – /mccormack555

› X/Twitter – https://x.com/petermccormack/


CONNECT WITH RUPERT RUSSELL

› Website – https://www.rupertrussell.com/

› Price Wars – https://www.hachette.co.uk/titles/rupert-russell/price-wars/9781474613996/

› The Last Sacrifice – https://www.anti-worldsreleasing.co.uk/pages/last-sacrifice


SPONSORS

› IREN - https://www.iren.com/

› Ledn - https://ledn.io/peter

› OneSkin - https://www.oneskin.co/mccormack


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LISTEN / SUBSCRIBE

› Apple Podcasts: https://apple.co/40ruY9K

› Spotify: https://spoti.fi/3Wc94Vu

› Fountain: https://bit.ly/FountainPM

› YouTube: https://bit.ly/YouTube_PM

› Rumble: https://bit.ly/RumblePM


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FILMED BY CURTIS TAYLOR

https://www.curttaylor.co.uk/

https://x.com/curttayloruk/


EDITED BY CONOR MCCORMACK

https://x.com/ConorM04


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Episoder(1078)

#200 - Sebastian Thrun - The Singularity Is Here & We Are Completely Unprepared

#200 - Sebastian Thrun - The Singularity Is Here & We Are Completely Unprepared

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#199 - Aubrey de Grey - The Man Who Says Ageing Can Be Cured

#199 - Aubrey de Grey - The Man Who Says Ageing Can Be Cured

Aubrey de Grey believes ageing is accumulated damage in a biological machine and argues that medicine may eventually become capable of repairing that damage faster than it appears. He gives humanity a...

6 Aug 1h 17min

#198 - Michael Shermer - Truth, Conspiracies & The Things We Can't Explain

#198 - Michael Shermer - Truth, Conspiracies & The Things We Can't Explain

Michael Shermer is the founding publisher of Skeptic magazine, host of The Michael Shermer Show and author of Truth and Conspiracy. He joins Peter to ask whether we are really living in a post-truth w...

4 Aug 1h 27min

#197 - Brian Keating - What Came Before the Big Bang & Does Time Exist?

#197 - Brian Keating - What Came Before the Big Bang & Does Time Exist?

Brian Keating joins me to explore one of the deepest unanswered questions in physics: what is time, and why does it only appear to move in one direction? Brian argues that time may not exist as a fund...

30 Jul 1h 39min

#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

Sam Bowman joins me to discuss why Britain is approaching two lost decades of stagnant median wages and why the country is now far poorer than it should be. Sam argues that Britain does not lack talen...

28 Jul 2h 9min

#195 - Lisa McKenzie & Keith Gildart - Who Is Britain For? The Destruction of the Working Class

#195 - Lisa McKenzie & Keith Gildart - Who Is Britain For? The Destruction of the Working Class

Britain did not simply leave its working class behind. Sociologist Lisa McKenzie and historian and former coal miner Keith Gildart argue that political and economic decisions deliberately dismantled t...

25 Jul 2h 13min

#194 - Charles Goodhart: The Money Endgame - Debt, Inflation & Central Bank Failure

#194 - Charles Goodhart: The Money Endgame - Debt, Inflation & Central Bank Failure

Charles Goodhart joins me to discuss why Britain’s decline did not start in 2008, why the post-war economic boom may have been a temporary lucky era and why the next 30 to 40 years could be far harder...

21 Jul 1h

#193 - David Goodhart - AI Is Coming For The Graduate Elite

#193 - David Goodhart - AI Is Coming For The Graduate Elite

David Goodhart joins me to discuss whether AI is about to do to the graduate class what globalisation did to factory workers, and why Britain’s political settlement may be breaking apart.David explain...

14 Jul 1h 39min

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