Everyone Hates VCs After the SVB Collapse w/ Jacob Silverman

Paris Marx is joined by Molly White to discuss the ongoing collapse of the crypto industry, what to make of the implosion of FTX and Alameda Research, and what happens next with Sam Bankman-Fried.Molly White is the creator of Web3 Is Going Just Great and a fellow at the Harvard Library Innovation Lab. You can follow her on Twitter at @molly0xFFF.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: Since recording, Sam Bankman-Fried has been extradited from the Bahamas to the United States, and it’s been revealed that Caroline Ellison and FTX co-founder have plead guilty and are cooperating with authorities against Bankman-Fried. Molly has been analyzing the collapse of FTX on her newsletter. Paris wrote about effective altruism and longtermism for the New Statesman. Journalists at Forbes wrote about Caroline Ellison and her history. After Sam Bankman-Fried was arrested, effective altruist Kelsey Piper published a series of direct messages she exchanged with her supposed friend. The Southern District of New York’s attorney’s office, the Securities and Exchange Commission, and the Commodity Futures Trading Commission have all filed charges against Sam Bankman-Fried. There are rumors that Caroline Ellison is working with authorities against Sam Bankman-Fried. US Justice Department is split on when to charge Binance executives. There are also growing questions about Binance’s books. Support the show

22 Dec 20221h 27min

Paris Marx is joined by Wendy Liu to discuss what it was like to work in tech in the 2010s and why structural changes in the industry are empowering an increasingly reactionary capitalist class to strike back at workers and upend the expectations of the boom period.Wendy Liu is a writer and the author of Abolish Silicon Valley: How to Liberate Technology from Capitalism. You can follow her on Twitter at @dellsystem.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: Casey Newton and Zoe Schiffer wrote about how tech CEOs are inspired by what Musk is doing at Twitter Mel Krantzler and Patricia Krantzler wrote Down and Out in Silicon Valley: The High Cost of the High-tech Dream Jacob Silverman wrote about David Sacks and the reactionary turn of tech billionaires Paris wrote about how longtermism is designed to justify the position of billionaires in society Julia Black wrote about the embrace of pronatalism within the tech industry Support the show

15 Dec 20221h 3min

Paris Marx is joined by Douglas Rushkoff to discuss why internet visions of the 1990s were wrong to ignore corporate power, how the dot-com boom was like a Ponzi scheme, and why we desperately need to stop elevating tech billionaires.Douglas Rushkoff is an author and documentarian who studies human autonomy in a digital age. His most recent book is Survival of the Richest: Escape Fantasies of the Tech Billionaires and he’s the host of Team Human podcast. You can follow him on Twitter at @rushkoff.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: An excerpt from Survival of the Richest was published in The Guardian. Paris was recently on the Team Human podcast to discuss Road to Nowhere with Douglas. Support the show

8 Dec 20221h

Paris Marx is joined by David Zipper to discuss how Silicon Valley pitched new technologies as the fix for a whole range of transport problems, and how that really just distracted us from solutions while allowing issues like  road deaths, emissions, and traffic to get even worse.David Zipper is a Visiting Fellow at the Harvard Kennedy School's Taubman Center for State and Local Government and a contributing writer at Bloomberg CityLab. You can find his articles and sign up for his newsletter at DavidZipper.com and follow him on Twitter at @DavidZipper.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: David wrote about why traffic safety is getting worse in the US, and compared it to Canada, Finland, France, and Japan. He also wrote about the history of self-driving cars, the danger posed to pedestrians on the roads, the problem with infotainment systems, and what’s wrong with positioning car tech as the solution to our problems. Paris wrote about how Elon Musk designed the Hyperloop to try to get California’s high-speed line canceled. AAA puts the annual cost of car ownership in the US at over $10,000 a year in 2022. In Canada, CAA put it at $8600 to $13,000 a year in 2017 — a number that is surely even higher now. Peter Norton wrote about how the auto industry took over US roads in the early 1900s in Fighting Traffic: The Dawn of the Motor Age in the American City. Support the show

1 Dec 20221h

Paris Marx is joined by Daniel Joseph to discuss why advertising is central not just to the tech economy, but modern capitalism itself, and how the business models of companies are increasing shaped by serving ads and collecting data to inform them.Daniel Joseph is a Senior Lecturer of Digital Sociology at Manchester Metropolitan University. He’s also written for a number of publications, including Briarpatch Magazine, Motherboard, and Real Life Magazine. Follow Daniel on Twitter at @DanjoKaz00ie.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: Daniel wrote about how advertising and the need to create audiences is much more central to the tech economy than is often discussed. Shoshana Wodinsky explained why so many companies are getting into advertising, including hotel chains, retailers, and more. Unity faced criticism for merging with IronSource, a known advertising malware distributor. After reporting a subscriber decline earlier this year, Netflix launched an ad-supported tier in October. Companies like Apple and Uber are expanding their efforts to increase advertising revenue. Ramon Lobato wrote Netflix Nations: The Geography of Digital Distribution. Support the show

24 Nov 202252min

Paris Marx is joined by Julie Turnock to discuss the history of the visual effects industry, the role that George Lucas’ Industrial Light and Magic played in setting industry standards, and what its current form dominated by Disney means for visual effects workers.Julie Turnock is an associate professor of Media and Cinema Studies at the University of Illinois, Urbana-Champaign and the author of The Empire of Effects: Industrial Light and Magic and the Rendering of Realism. Follow Julie on Twitter at @JulieTurnock.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: Paris will be speaking at Marxism Festival in Dublin on November 19, the Lighthouse Bookshop on November 24, and details on an event in London on November 25 are coming soon. In a series of recent articles, visual effects workers have been speaking out about conditions in the industry. The Mandalorian introduced ILM and Disney’s new visual effect technology dubbed “Stagecraft” that uses LED video walls instead of green screens. The declining quality of effects in major films is forcing people to look at labor and production practices. Disney accounted for nearly 40% of box office returns in 2019, and made 80% of the top earning films of the year. Support the show

17 Nov 202249min

Paris Marx is joined by Hussein Kesvani to discuss the mess of Elon Musk’s Twitter takeover, the problem with his solution to blue check privilege, and what we should learn from how he posts.Hussein Kesvani is a journalist and the co-host of Trashfuture and Ten Thousand Posts. Follow Hussein on Twitter at @hkesvani.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: Paris wrote about Elon Musk’s new plan to allow users to pay $8 to get a blue check, priority on their posts, and other features as part of an updated Twitter Blue. Private texts revealed from the Delaware court showed the rich and powerful groveling to Elon Musk. A long list of companies have stopped advertising on Twitter after Musk’s takeover. He blamed it on activists. Roko’s Basilisk brought Elon Musk and Grimes together. Elon Musk has decreed that people making fun of him by impersonating him on Twitter will be banned. Support the show

10 Nov 20221h 2min

Paris Marx is joined by Jacob Silverman to discuss Elon Musk’s Twitter takeover, the politics of the PayPal Mafia tech billionaires, and how they’re trying to reshape US political discourse to serve themselves.Jacob Silverman is a journalist who writes for The New Republic, The Baffler, Slate, and many others. He’s also the co-author of Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud with Ben McKenzie. Follow Jacob on Twitter at @SilvermanJacob.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.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode: Jacob wrote about Musk’s Twitter acquisition for The Baffler and the politics of David Sacks and these other tech billionaires for The New Republic. Paris wrote about Musk’s Twitter acquisition for NBC News and Marc Andreessen’s housing politics for Business Insider. The Delaware court case revealed text messages between Elon Musk and all the people trying to gain his favor. Saudi Arabia had an intelligence operation running through Twitter, which led some former employees to be charged with spying. Saudi Arabia has imprisoned people over their tweets. There were accusations that Twitter had an Indian official associated with the far-right Modi government on payroll. Banks are expecting to suffer major losses on the loans provided to Musk to acquire Twitter. The LA Times reported that Twitter bots helped build the cult of Musk. In 2016, Thiel and Sacks’ Diversity Myth comments were resurrected and Thiel has to issue a statement. Support the show

3 Nov 20221h 12min