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Diving into the Wreckage 6.4 Inflation and Bank Crisis w/ C. Derick Varn
🕑 Added 2023-03-28 23:25:23 +0000 UTCSean and Varn return to their miniseries on the global debt crisis with a very topical bank failure episode.
Since Silicon Valley Bank, Signature Bank and Credit Suisse went belly up the last couple of week capital and the state have scrambled to contain the damage to the financial system and the 'real' economy. Why is an adequate explanation for inflation important? Does the Federal Reserve Bank itself even have one? If Fed policy is blowing up banks and barely even working is there some other reason (class based, perhaps?) to induce an economic slowdown?
For patrons: what 'Marxism-Leninism in the Age of Multipolarity' gets very wrong; how the shadow banking sector might be the next shoe to drop; notes on the Brenner-Riley NLR article; on blue-collar toxicity and middle class racism; doomerism, socialism and hope.
Comments
Derick Varn
That's my bad. I misnumbered it.
Derick Varn
This should have been 6.5. Shite.
Derick Varn
The question is, what are you doing to an the point of maximum entropy, b/c at that point, "heightening the contradictions" will be of little help to anyone. But sure.
Derick Varn
I have practicing staying on topic.
Derick Varn
Duh. And Correct.
M.R. Alchemist
That doorbell is horrifying The problem has advanced past exploitation; capitalism is rapidly losing its ability to structure society itself. See power consumption due to cryptocurrency :/ The ultimate crisis is when climate change reintroduces malthusian calculus. At what point does capitalist extraction and consumption critically destabilize food and electricity? How many displaced by natural and industrial disaster? How many homes destroyed?
Daniel E
back half was extremely good
Baron
Thanks for this ep! Very thorough, and appreciated Varn staying mostly on topic, came through very clearly 🫡
ClownBabee24
What i gathered from this is that there are some major problems on the horizon and we cant do anything about them, so why worry about things like "accelerationism"? Things are gonna accelerate at whatever speed conditions mandate and the people at the levers of power mandate.
Mark Brian Wilson
Varn said Lazy Git, Varn is a Warhammer 40K Ork confirmed.
Jim Roberts
Three hours 0.o
Real Person
crying, shaking, screaming
Jevon Clement
Put it in my veins!
