Tech Won't Save Us17 Mar 2022

Can Higher Interest Rates Tame Big Tech And Inflation? w/ Grace Blakeley

Paris Marx is joined by Grace Blakeley to discuss how low interest rates and quantitative easing fueled the tech economy’s post-recession growth, why raising them won’t fix the problems that’s created, and whether higher interest rates are the solution to rising inflation.Grace Blakeley is a staff writer at Tribune Magazine and host of A World to Win. She’s also the author of Stolen: How to Save the World from Financialisation and The Corona Crash: How the Pandemic Will Change Capitalism. Follow Grace on Twitter at @graceblakeley.Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.Find out more about Harbinger Media Network at harbingermedianetwork.com.Also mentioned in this episode: Grace wrote about how interest rate hikes are used against workers, what we should learn from the Gamestop short squeeze, and how the pandemic has produced closer links between the state and major corporations. Benjamin Braun and Adrienne Buller explained the concept of asset manager capitalism. In the face of rising inflation, NFT values are down 48% since November. High energy prices tend to drive inflation, and Russia and Ukraine are major wheat exporters. In the UK, wages are falling at the fastest rate since 2014. In the US, wages are falling when accounting for inflation, after decades of wage stagnation. Support the show

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Episoder(343)

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The Dirty Alliance Between Tech and the Oil Industry w/ JS Tan

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3 Apr 202553min

DOGE Is Gutting the US Digital Service w/ Kate Green and Milo

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27 Mar 202552min

Preview: Breaking Down Canada’s Election on Campaign Cops

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26 Mar 202536min

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Paris Marx is joined by Jen St. Denis to discuss how Silicon Valley thinking is creeping into Canadian politics as Donald Trump continues to threaten the country with tariffs and annexation. Jen St. D...

20 Mar 202551min

AI Hype Enters Its Geopolitics Era w/ Timnit Gebru

Paris Marx is joined by Timnit Gebru to discuss where the AI industry stands in 2025 as AI increasingly becomes a geopolitical football even as the big promises made by AI companies fail to materializ...

13 Mar 202555min

The UK’s Misguided Embrace of AI Hype w/ James Meadway

Paris Marx is joined by James Meadway to discuss how the UK Labour Party is embracing AI regardless of the cost and the consequences of allowing US companies to dominate the digital economy in so many...

6 Mar 202545min

Protesting Tesla Can Hurt Elon Musk w/ Ed Niedermeyer

Paris Marx is joined by Ed Niedermeyer to discuss the trouble with Tesla’s business model and how that makes Elon Musk’s power vulnerable to protest and boycott.Ed Niedermeyer is the author Ludicrous:...

27 Feb 202553min