Marjorie Kelly on the Capitalism Crisis: “Wealth Supremacy” is Killing Us
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"Capital bias" prioritizes wealth over people and the planet. What are the consequences? That question is at the core of “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises”, the new book from Marjorie Kelly. There’s too much financial wealth in our system, she says, yet capitalism encourages us to keep scaling up, building our portfolios and maximizing profits. Like white supremacy, wealth supremacy is both entirely obvious and oddly hidden. But it shows up everywhere, and it’s brought us to a deadly brink. What is to be done? As you’ll hear in the episode, meaningful conversations about wealth supremacy can help us shift away from capitalism and imagine better economic models. Tune in as Marjorie Kelly and Laura Flanders do just that. Marjorie Kelly is a Distinguished Senior Fellow at the Democracy Collaborative and a longtime business observer. Her book is out now via Berrett-Koehler Press.
“. . . Big capital is out there right now buying water rights . . . Communities are saying no . . . water needs to be declared a public trust. You have these two completely different worldviews, which really show us we can have a financialized world or we can have a democratic world . . .” - Marjorie Kelly
“White supremacy and wealth supremacy are entirely entangled and you can't solve for racial equity without also looking at this wealth inequity. It hits people of color hardest, but it's hitting all of us, including the planet.” - Marjorie Kelly
Guest:
Marjorie Kelly: Distinguished Senior Fellow, The Democracy Collaborative; Author, Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises
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Credits:
Executive Producer: Laura Flanders
Supervising Producer: Sabrina Artel
Consulting Producer: Rory O’Connor
Development Director: Sarah Miller
Senior Video Editor: David Neumann
Creative Designer & Video Editor: Nat Needham
Audio Director: Jeannie Hopper
Communications Director: Janet Hernandez
Executive Assistant: Nady Piña
Пікірлер: 27
"It should be as common to own a piece of where you work as it is to own your own home." YES!
Fantastic talk! One of the best I've heard in years.
Brilliant talk by Marjorie Kelly, really provokes important questions about markets, property and why we accept the status quo when there are so many different and better ways to engage in economic transactions that are not harmful. Must read her book!
Super topic. Great show. Thanks for watching out for the rest of us.
Excellent!❤
My father studied Buddhism.And I'm spiritual.
US Labors conspicuous consumption debt based on "You Deserve It" has been our contribution to corporate induced inflation.
Wouldn't one realize that this is where we would be if we just had learned a bit about what Marx already had explained in his ode to Capitalism looking at the problems in order to avoid problems?
Wealth supremacy sounds like class war with extra steps
I definitely like that lamp
It's been my observation over the last frw years that women economist both professional like Margorie and Stephanie Kelton, and those in the public sector married or single where there more who generally manage the household budget where there is more than one in residence, are more astute economist overall. I would recommend that an follow-up to this video and Margories' book, would be to look into Stephanie Kelton and Modern Monetary Theory.
The people who say it can't be dine, need to get out of the way of those who are attempting.
The fiancal model of the Discount Cash Flow asset evaluations for pricing bonds and stocks necessarily has a short-term bias fundamentally within the Capital bias.
My mother who was a Civil Servant had her money in her company's Credit Union at NASA
Maybe we might explore the separation of business and government.
@brianhaley4471
4 ай бұрын
From Fascism to Marjorie Kelly's not very creative, anti-capitalist Marxist spin.
The tertiary market fixes the secondary one, so the fountain of youth can be purchased. Supplies limited! Buy now!
🥂🥂
The United States could have made accounting/finance mandatory in high schools since Sputnik. Where does the depreciation of durable consumer goods go? Consumers go into debt for junk designed to become obsolete. It is an economic power game and the majority of people are supposed to be losers. *The Screwing of the Average Man* (1974) by David Hapgood
@psikeyhackr6914
4 ай бұрын
I worked for IBM. I trust White people who think that they are smart to hide important information from White people that are supposed to stay dumb.
The name doesn't even sound bad to a dyslexic 😂 Flora Landers
@kevintewey1157
4 ай бұрын
It's reversible😊