In this thought-provoking episode, Pete sits down with Grace Blakeley, renowned author of "Vulture Capitalism," to dismantle the myth of free markets and expose the deep-seated inequalities and corporate manipulations that shadow our economic systems. Grace eloquently unveils the realities of neoliberal economics, the role of state power, and the importance of collective action in forging a path towards genuine societal freedom. Whether you're an economic novice or a seasoned analyst, this episode offers a compelling insight into the mechanisms that drive our world.
Key Themes Discussed:
Vulture Capitalism and Corporate Influence:
Grace discusses the content of her latest book, "Vulture Capitalism," which critiques the way large corporations manipulate economic systems to their advantage, often at the expense of public welfare.
The Myth of the Free Market:
The conversation challenges the traditional view of free markets, highlighting how market dynamics are often skewed by monopolistic practices and governmental complicity in corporate crimes.
State Power and Neoliberalism:
Grace explains how neoliberal policies have reshaped state power to favor capitalists and corporations, decreasing democratic accountability and increasing social inequalities.
Planning and Capitalism:
Grace provokes thought on the nature of planning in capitalist societies, arguing that while often invisible, planning is pervasive and primarily serves the interests of the wealthy.
Role of Collective Action and Labor Movements:
We close out with a discussion on the necessity of organised labour and social movements in combating economic and social injustices, underscoring the power of collective efforts in effecting change and protecting your rights.
This episode is a must-listen for anyone interested in understanding the realities behind the economic headlines and the profound impact of economic policies on everyday lives. The chains of 'Vulture Capitalism' are not unbreakable. Together, through awareness and collective effort, we can forge a future where freedom is not a privilege sold to the highest bidder, but a fundamental right shared by all.
Timestamps:
00:00:00 - Introduction
00:01:00 - A Background To Grace
00:01:31 - Why The Death of Freedom?
00:05:30 - The Power of Influence & A Lack of Accountability (Greensill)
00:06:14 - 76 Billion In Dividends
00:06:51 - Planning, Backdoor Bailouts & The Unfree Free Market (Boeing)
00:08:53 - Disaster Capitalism & The State Routinisation of Crime
00:11:05 - The Criminalisation of Homelessness, Wealth Inequality & Austerity
00:13:55 - Concentrations of Power, Influence & Capital
00:16:04 - Lobbying, Donations & Climate Breakdown (ExxonMobil)
00:17:57 - Nudging Over The Edge (Nudge Unit & The Windrush Scandal)
00:19:46 - Powerlessness (Brexit, North South Divide & A Poverty of Opportunity).
00:21:43 Opportunities for Change (The Lucas Plan)
00:22:27 - Collective Consciousness vs. Toxic Individualism
00:24:25 - A Background To Wealth Inequality (Gary Stevenson) the UKs £800bn Deficit and The Consequences of Austerity
00:28:56 - Capital Strike & Capital Flight (Zambia)
00:30:05 - The Architects and The Bees (The Preston Model and More).
00:31:37 - Key Thoughts And Takeaways
Articles:
1). 3.6 Million Children Living In Absolute Poverty: theguardian.com/society/2024/...
2). Criminalising Homelessness: www.theguardian.com/society/2...