This Machine Kills

We talk about the booming market for – and community organizing against – landlord technologies that use invasive surveillance to terrorize tenants and automate evictions. In addition to discussing the broader political economy and social toxicity of this shit, we also introduce a new psycho into the canon. Some stuff we reference: ••• Automating gentrification: Landlord technologies and housing justice organizing in New York City homes https://journals.sagepub.com/doi/abs/10.1177/02637758221088868 ••• Automated landlord: Digital technologies and post-crisis financial accumulation https://journals.sagepub.com/doi/full/10.1177/0308518X19846514 ••• Electronic Fortification in Phoenix: Surveillance Technologies and Social Regulation in Residential Communities https://journals.sagepub.com/doi/abs/10.1177/1078087406292845 Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We are joined by Dan McQuillan to discuss his great new book Resisting AI. As Jathan wrote in a blurb for the book: “With analytical and moral clarity, McQuillan makes the case for recognising the radical politics of AI and meeting its goose step march head-on.” We get deep into an excellent discussion spanning the political economy and political epistemology of artificial intelligence. Meanwhile, Ed is trapped in Pittsburgh where he is now forced to live as a worker in a defunct steel factory. ••• Follow Dan on Twitter https://twitter.com/danmcquillan ••• Resisting AI: An Anti-fascist Approach to Artificial Intelligence https://bristoluniversitypress.co.uk/resisting-ai ••• Data Science as Machinic Neoplatonism https://link.springer.com/article/10.1007/s13347-017-0273-3 Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dig deep into Effective Altruism and Longtermism, laying out the origins, beliefs, and actions of this ideological moral system and the networks of influence and wealth that it’s plugged into. Along the way we critique the extreme logical conclusions it leads to, the extremely simpleminded fairy tales it’s based on, and the extremist group of moral zealots, useful idiots, and cynical bullshiters that rule this rationalist religion. Some stuff we reference: ••• The Case for Longtermism https://www.nytimes.com/2022/08/05/opinion/the-case-for-longtermism.html ••• The Reluctant Prophet of Effective Altruism https://www.newyorker.com/magazine/2022/08/15/the-reluctant-prophet-of-effective-altruism ••• Stop the Robot Apocalypse https://www.lrb.co.uk/the-paper/v37/n18/amia-srinivasan/stop-the-robot-apocalypse Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

[We are unlocking this episode to share the interview with the main feed. Apologies for the feedback from Noah's audio causing a slight digital buzz when he talks, Jereme cleaned it up as best he could.] Ed is joined by reporter Noah Lanard to talk about his recent profile of Peter Thiel’s apostle: Blake Masters. We track the origins and development of his ideology: from his childhood flirtation with liberalism(?) to his college libertarianism and deeper integration into Thiel’s network of fascists eager to seize control of the GOP and Silicon Valley. Read the article: https://www.motherjones.com/politics/2022/07/blake-masters-peter-thiel-donald-trump-arizona-senate-mark-kelly/ Follow Noah: https://twitter.com/nlanard Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We melt our brains discussing two reality tv shows that are taking copaganda to the next level. First up is Ring Nation, a new show produced by Amazon-owned MGM Studios that’s like America’s Funniest Home Videos for a ubiquitous surveillance society. Next is Hunted, a new Australian show based on a UK series that’s like a mix of The Amazing Race + Live PD + 24. I wish this was all fake. I wish this was all a bit. But it’s more than real: it’s reality tv, baby! Some stuff we reference: ••• 'Ring Nation' Is Amazon's Reality Show for Our Surveillance Dystopia https://www.vice.com/en/article/7k8x49/ring-nation-is-amazons-reality-show-for-our-surveillance-dystopia ••• Ready, set, dough: The hide-and-seek game with $100k up for grabs https://www.smh.com.au/culture/tv-and-radio/ready-set-dough-the-hide-and-seek-game-with-100k-up-for-grabs-20220705-p5aza5.html ••• No matter who wins Hunted, Channel 10’s new surveillance game, we all lose https://www.crikey.com.au/2022/07/25/hunted-channel-10-surveillance-show-we-all-lose/ ••• Facial recognition smartwatches to be used to monitor foreign offenders in UK https://www.theguardian.com/politics/2022/aug/05/facial-recognition-smartwatches-to-be-used-to-monitor-foreign-offenders-in-uk ••• SoftBank Reports Record $23.4 Billion Loss as Holdings Fall https://www.bloomberg.com/news/articles/2022-08-08/softbank-reports-record-23-4-billion-loss-as-holdings-tumble Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Based on Amazon’s recent acquisitions of One Medical and iRobot—just the latest in a shopping spree of vertical integration—we analyze how these seemingly disparate things all plug into Amazon’s broader strategy for “ambient computing.” In which data from a vast variety of sources and streams are combined and integrated into a range of different services. In which we are always plugged into Amazon’s ever-expanding network through protocols like Sidewalk. In which we are constantly connected to the eternal and ubiquitous market. Some stuff we reference: ••• Amazon agrees to buy Roomba maker iRobot for $1.7bn www.theguardian.com/technology/2022/aug/05/amazon-buy-roomba-maker-irobot-vaccum ••• Amazon’s Roomba Deal Is Really About Mapping Your Home https://www.bloomberg.com/news/articles/2022-08-05/amazon-s-irobot-deal-is-about-roomba-s-data-collection ••• Dave Limp: Amazon’s focus is on the real world, not the metaverse https://www.ft.com/content/3d5bdfa8-d85e-41e8-b2d5-fadf8948cbba Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Ed is joined by reporter Noah Lanard to talk about his recent profile of Peter Thiel’s apostle: Blake Masters. We track the origins and development of his ideology: from his childhood flirtation with liberalism(?) to his college libertarianism and deeper integration into Thiel’s network of fascists eager to seize control of the GOP and Silicon Valley. Read the article: https://www.motherjones.com/politics/2022/07/blake-masters-peter-thiel-donald-trump-arizona-senate-mark-kelly/ Follow Noah: https://twitter.com/nlanard Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dig into a convoluted and confused scheme for people selling shares in their future to venture capitalists, which pushes logics of hyper-financialization in even more perverse directions—all proposed by two brothers who are the epitome of a dumb guy’s idea of smart guys. Article we discuss: ••• Is Selling Shares in Yourself the Way of the Future? https://www.newyorker.com/magazine/2022/08/01/is-selling-shares-in-yourself-the-way-of-the-future Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

At long last, we dive into the last chapter of The Dawn of Everything by Graeber and Wengrow. We reflect on this odyssey of a book, pulling out its major themes, discussing the baseline freedoms that are essential for society, considering the nihilistic contradictions inherent to the Enlightenment view of humanity, looking back on how we got stuck in static social relations and dead end political developments, plus more! Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We are joined by Jörg Tittel, creator of the new video game The Last Worker, which is part social satire, part interactive narrative, part adventure game. We discuss the ideas, story, design, and production behind the game where players take on the role of the last human worker in an otherwise fully automated fulfillment center the size of Manhattan that is operated by Jüngle—a near future version of Amazon. The Last Worker is coming out on most platforms, including VR, later this year. ••• The Last Worker: thelastworker.com ••• Jorg on Twitter: https://twitter.com/newjorg ••• 15 minute demo playthrough of the game: https://youtu.be/Bgp7nLOKlM8 Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Now it’s time to get into the real analysis of fintech as laid out by Saule Omarova’s work. We walk through the dominant regulatory approach to financial markets that came from the New Deal; how the 1980s is the true origin of the fintech revolution; how the secondary financial markets have taken over the whole system; how new technologies focused on making micro-level transactions faster, easier, cheaper have led to making macro-level systems more unstable, unrestrained, and untethered from reality. The paper we discuss: ••• New Tech v. New Deal: Fintech as a Systemic Phenomenon | Saule T. Omarova https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=2800&context=facpub Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We set up and begin discussing a paper that can be described as a Rosetta Stone for how to analyze the development, logics, mechanics, and impacts of fintech innovations from the 1980s onward — and the regulatory regime for financial markets that traces back to the New Deal. This paper is dense in the best way, so it demands (and deserves) a lot of focused time/attention. This episode establishes the bones of the analysis; the next one on the premium feed will flesh out the analysis. The paper we discuss: ••• New Tech v. New Deal: Fintech as a Systemic Phenomenon | Saule T. Omarova https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=2800&context=facpub Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive back into chapter 11 – Full Circle – of The Dawn of Everything by Graeber and Wengrow. We revisit the Indigenous critique of how human civilization develops and where the political values underlying modern human societies originate. First outlined in the beginning of the book, we now further flesh out the Indigenous critique and drive home its key conclusions. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

{For this week we're unlocking a classic episode} We talk about the absurdities of proptech – or the real estate technology sector – which is jam packed with out-of-control purchasing by house-flipping algorithms powered by automated valuation models that lead to balance sheets filled with liabilities and it’s all fuelled by way too much free-flowing capital. In other words, a classic recipe for disaster. The article we discuss: ••• House-flipping algorithms are coming to your neighborhood | Matthew Ponsford https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Paris Marx is back for part two of our discussion about their new book Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation. This time we dig deeper into the winding history of the electric vehicle and why today’s model of electrification without collectivization is not going to solve our problems—just cause new ones. ••• Road to Nowhere | Paris Marx: https://www.versobooks.com/books/3995-road-to-nowhere ••• Follow Paris: https://twitter.com/parismarx ••• Listen to Tech Won’t Save Us: https://twitter.com/techwontsaveus Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Dear friend of the show, Paris Marx, has an excellent new book just out from Verso called Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation. Paris is back on the show to dive into the book’s historical, grounded, critical analysis with us. This is part 1, with part 2 coming out on the patreon feed later this week. ••• Road to Nowhere | Paris Marx: https://www.versobooks.com/books/3995-road-to-nowhere ••• Follow Paris: https://twitter.com/parismarx ••• Listen to Tech Won’t Save Us: https://twitter.com/techwontsaveus Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

In this real chill episode, the boys get loose, lay back, and just chat. We cover dental work, drug nerds, and oh yeah, that time Jereme got stabbed in Mississippi days after 9/11 for making a joke. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We have a special investigation from Professor Ed, who takes us on a journey through the history and development of innovation policy and venture capital in China. We begin with the massive government Torch Program that, starting in the 1980s, set about engineering a national innovation sector on a scale never seen before. Then in the 1990s we see China begin liberalizing its markets, opening up for different forms of investment both domestic and international. But doing so in its own unique way – not in the style of structural adjustment shocks but as carefully controlled market reforms. Some stuff we reference: ••• Steve Blank’s series on VC in China: https://steveblank.com/2013/04/10/china-the-sleeper-awakens/ ••• OECD report on China’s innovation policy: https://www.oecd.org/science/inno/39177453.pdf ••• CIGI report on China’s Experience in Building a Venture Capital Sector: https://www.cigionline.org/static/documents/documents/no.248_0.pdf Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Jathan is back from Sweden where he was giving a keynote at a smart cities conference. For this episode, Jathan delivers his keynote here — “State-as-a-Platform” – Sovereignty and Capital in Smart Governance – which is followed by a rousing discussion about the relations between agency and structure, doom and hope, positioning and maneuvering. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We are joined by David Gerard – longtime critic of blockchain, even before it was cool – to discuss the experience of staring into the crypto abyss and having it stare back into you. Follow, read, and support David here: ••• Twitter: https://twitter.com/davidgerard ••• Attack of the 50 Foot Blockchain: https://davidgerard.co.uk/blockchain/book/ ••• Libra Shrugged: https://davidgerard.co.uk/blockchain/libra/ ••• Patreon: https://www.patreon.com/davidgerard Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive back into chapter 10 – Why the State Has No Origin – of The Dawn of Everything by Graeber and Wengrow. And finish up our discussion of how different forms of social power based on violence/sovereignty, information/administration, charisma/heroic politcs all come together in different combinations at different places and points, with some features exaggerated over others, to produce radically different forms of states throughout human history. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We’re joined by Olivier Jutel to talk about a fantastic paper he wrote on blockchain imperialism in the Pacific. We discuss how blockchain projects and crypto entrepreneurs are partnering with the US State Department and contributing to the geopolitical agenda of American hegemony. This is all part of the Pacific Ideology – a long history of treating the Pacific islands as a colonial frontier for financial extraction and testbed for experimental innovation. It’s techno-solutionism in the service of imperial soft power. ••• Read Olivier’s paper – Blockchain imperialism in the Pacific https://journals.sagepub.com/doi/full/10.1177/2053951720985249 ••• And his other paper – Blockchain humanitarianism and crypto-colonialism https://www.cell.com/patterns/fulltext/S2666-3899(21)00305-6 ••• Follow Oliver: https://twitter.com/OJutel Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 10 – Why the State Has No Origin – of The Dawn of Everything by Graeber and Wengrow. This is a massive chapter that gets deep into analyzing the features of social power and development of state institutions. We see how control of violence, control of information, and control of charisma all come together in different combinations at different places and points, with some features exaggerated over others, to produce radically different forms of states throughout human history. To really do this chapter justice, we had to break it into two parts. The second part will drop next week. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We’re joined by Ben Tarnoff—author of Internet for the People; co-founder of Logic Magazine—to do some historical materialism on the internet. Ben has a great new book coming out that traces the political economic development of the internet, from its origins as a military network to its privatization via wholesale handover to a telecom oligopoly to its existence today as an archipelago of shopping malls run by slumlords. We then discuss why there’s an urgent need for democratizing and demarketizing the internet, what that could look like, and how the seeds of that radical change can already be found in existing projects. ••• Order Ben’s book: https://www.versobooks.com/books/3927-internet-for-the-people ••• Follow Ben: https://twitter.com/bentarnoff ••• Read Logic Magazine: https://logicmag.io/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We go from talking about how AI/ML research is dominated by the resources, interests, and tradeoffs of “top labs.” Then discuss how our algorithmic agents become active participants in human culture but in ways that can be unexpected and unknowable. Together these conditions are producing a world that is far more weird, bizarre and unsettling than anybody intended. Less George Orwell, more Phillip K. Dick. Some stuff we reference: ••• I don't really trust papers out of "Top Labs" anymore | https://www.reddit.com/r/MachineLearning/comments/uyratt/d_i_dont_really_trust_papers_out_of_top_labs/ ••• The Steep Cost of Capture | Meredith Whittaker https://interactions.acm.org/archive/view/november-december-2021/the-steep-cost-of-capture ••• AI Inventing Its Own Culture, Passing It On to Humans, Sociologists Find | Edward Ongweso Jr | https://www.vice.com/en/article/pkp7y7/human-culture-to-increasingly-come-from-unexplainable-ai-sociologists-find Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We are joined by Bennett Tomlin and Cas Piancey, hosts of the great podcast Crypto Critics’ Corner, for a deeper dive into stablecoins—a cornerstone // time bomb of the crypto financial system. They explain how stablecoins, and specifically Tether, have become systemically important to the workings of the system and the wealth of big players, creating too big to fail institutions that continue growing despite their practices, performance, and people being anything but stable. Listen to Crypto Critics’ Corner: https://twitter.com/CryptoCriticPod Follow Bennett Tomlin: https://twitter.com/BennettTomlin Follow Cas Piancey: https://twitter.com/CasPiancey Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 9 – Hiding in Plain Sight – of The Dawn of Everything by Graeber and Wengrow. We discuss the utopian experiment of Teotihuacan in Mesoamerica 2000 years ago: a city that revolted against authoritarian rule and instituted a socialist system, complete with universal housing and democratic governance, which lasted for hundreds of years. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

(While Jereme works to overcome a technical problem from our last record, we are unlocking an episode.) We continue our discussion of Hilary Allen’s paper on DeFi and shadow banking and dive into her comparative analysis between Wall Street and Silicon Valley. We see how there are direct analogues between the kind of financial innovations and systemic fragilities that led to the 2008 crash and the crisis dynamics of DeFi: overleveraging and crypto tokens; rigidity and smart contracts; bank runs and stablecoins. Allen then argues that the best approach is not to legitimize DeFi through regulation, but to erect a firewall that prevents it from integrating with the mainstream economy and financial sector. Some stuff we reference: ••• DeFI: Shadow Banking 2.0 | Hilary J. Allen https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4038788 ••• Is Crypto Re-Creating the 2008 Financial Crisis? | Charlie Warzel, Hilary Allen https://newsletters.theatlantic.com/galaxy-brain/624cb2ebdc551a00208c1524/crypto-bubble-web3-decentralized-finance/ ••• Defi and Shadow Banking 2.0: Leverage, rigidity and bank runs | Cory Doctorow https://doctorow.medium.com/defi-and-shadow-banking-2-0-7bae9d1d308e Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

(Sorry for the delay!) We comb through Andreessen Horowitz’s inaugural 2022 State of Crypto Report, devoting more time and attention to discussing its claims and framing than it should warrant. But considering the outsized influence a16z has here, they force us to take seriously even their most inane fever dreams. In the process of reviewing the report, we receive a masterclass in how to lie with graphs and numbers. Some stuff we reference: ••• Introducing the 2022 State of Crypto Report | a16z https://a16zcrypto.com/state-of-crypto-report-a16z-2022/ ••• The 2022 State of Crypto Report | a16z https://a16z.com/wp-content/uploads/2022/05/state-of-crypto-2022_a16z-crypto.pdf Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We check in on our old friend / enemy / mentor, Masayoshi Son, and see how the SoftBank Vision Fund has been faring over the last year. The Masa multiplier effect is his ability to amplify the state of the larger tech sector. When it’s good, it’s really good. But when it’s really bad—in the way tech sector valuations have been dropping this year—oh boy, it’s enough to make you want to [redacted]. Fortunately, nobody has a stronger stomach for loss than Masa. Some stuff we reference: ••• Tech bubbles are bursting all over the place | The Economist https://www.economist.com/business/2022/05/14/tech-bubbles-are-bursting-all-over-the-place ••• After a bruising year, SoftBank braces for more pain | The Economist https://www.economist.com/business/2022/05/16/after-a-bruising-year-softbank-braces-for-more-pain Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 8 – Imaginary Cities – of The Dawn of Everything by Graeber and Wengrow. We talk about the origins of cities and contradict the commonly held belief that proto-state governance—e.g. centralized, hierarchical administration—developed in tandem with urban society. Instead, early cities existed for hundreds of years, organized by bottom-up self-governance, before the palaces and temples became the centers of urban power. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We review China’s hard, fast, and big regulatory responses to big tech’s rising power over the last year, discuss the vastly different political theories motivating tech policy in the US, Europe, and China, and look ahead for what’s to come as China unveils a new set of sweeping, world leading regulations for AI decision-making. Some stuff we reference: ••• China’s Tech Crackdown: A Year-in-Review https://www.lawfareblog.com/chinas-tech-crackdown-year-review ••• What Xi Means by ‘Disorderly Capital’ Is $1.5 Trillion Question https://www.bloomberg.com/news/articles/2021-09-09/what-xi-means-by-disorderly-capital-is-1-5-trillion-question?sref=z97LigUM ••• Antitrust in China – 2021 Year in Review https://www.gibsondunn.com/antitrust-in-china-2021-year-in-review/ ••• China Is About to Regulate AI—and the World Is Watching https://www.wired.com/story/china-regulate-ai-world-watching/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We continue our discussion of Hilary Allen’s paper on DeFi and shadow banking and dive into her comparative analysis between Wall Street and Silicon Valley. We see how there are direct analogues between the kind of financial innovations and systemic fragilities that led to the 2008 crash and the crisis dynamics of DeFi: overleveraging and crypto tokens; rigidity and smart contracts; bank runs and stablecoins. Allen then argues that the best approach is not to legitimize DeFi through regulation, but to erect a firewall that prevents it from integrating with the mainstream economy and financial sector. Some stuff we reference: ••• DeFI: Shadow Banking 2.0 | Hilary J. Allen https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4038788 ••• Is Crypto Re-Creating the 2008 Financial Crisis? | Charlie Warzel, Hilary Allen https://newsletters.theatlantic.com/galaxy-brain/624cb2ebdc551a00208c1524/crypto-bubble-web3-decentralized-finance/ ••• Defi and Shadow Banking 2.0: Leverage, rigidity and bank runs | Cory Doctorow https://doctorow.medium.com/defi-and-shadow-banking-2-0-7bae9d1d308e Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We discuss an extremely good paper by law professor Hilary J. Allen – DeFI: Shadow Banking 2.0 – which lays out a very clear, critical, and comparative analysis of the unregulated financial instruments that led to the 2008 global financial crash and their systemic similarities to the unregulated financial innovations that are emerging in DeFi / Web3. In this first part, we lay out the causes of the 2008 crash, explaining specific instruments and dynamics that caused this hyper-complex fragile system to collapse. In part two, on the patreon later this week, we explain how DeFi is already unfolding in ways that are best described as: “It is happening again.” Some stuff we reference: ••• DeFI: Shadow Banking 2.0 | Hilary J. Allen https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4038788 ••• Is Crypto Re-Creating the 2008 Financial Crisis? | Charlie Warzel, Hilary Allen https://newsletters.theatlantic.com/galaxy-brain/624cb2ebdc551a00208c1524/crypto-bubble-web3-decentralized-finance/ ••• Defi and Shadow Banking 2.0: Leverage, rigidity and bank runs | Cory Doctorow https://doctorow.medium.com/defi-and-shadow-banking-2-0-7bae9d1d308e Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 7 – Ecology of Freedom – of The Dawn of Everything by Graeber and Wengrow. In which we discuss the tragedy of the commons, ecological imperialism, flirtations with farming, domestication of plants and animals, dangers of teleological reasoning, and much more. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We take a walk on the weird side as a brief reference to the novel Guns of the South by Harry Turtledove—a graphomaniac author of alternative histories and all around beautiful mind—leads us down a rabbit hole of increasingly bizarre discoveries. Enjoy a little something different from our normal programming… Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We talk about the absurdities of proptech – or the real estate technology sector – which is jam packed with out-of-control purchasing by house-flipping algorithms powered by automated valuation models that lead to balance sheets filled with liabilities and it’s all fuelled by way too much free-flowing capital. In other words, a classic recipe for disaster. The article we discuss: ••• House-flipping algorithms are coming to your neighborhood | Matthew Ponsford https://www.technologyreview.com/2022/04/13/1049227/house-flipping-algorithms-are-coming-to-your-neighborhood/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We are unlocking a premium episode in which we discuss Ed’s new reporting on the political economy of play-to-earn games, focusing on Axie Infinity and its super-exploitative system of “managers” and “scholars.” Surprise, surprise – the technological and financial foundation of Axie Infinity is just a house of cards built on a bed of sand. Its failure is inevitable. The question is: how much damage will it do along the way? Some stuff we reference: ••• The Metaverse Has Bosses Too. Meet the ‘Managers’ of Axie Infinity | Ed Ongweso Jr. https://www.vice.com/en/article/88g3ag/the-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity ••• Miami Mayor Unveils Laser Eyes Robot Bull Statue at Bitcoin Conference https://www.vice.com/en/article/g5q9wm/miami-mayor-unveils-laser-eyes-robot-bull-statue-at-bitcoin-conference Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 6 – Gardens of Adonis – of The Dawn of Everything by Graeber and Wengrow. Here we bust the myth of the “Agricultural Revolution” in two main senses. First, we bust the idea of agricultural development as a linear, deterministic, teleological transitional stage in human society. Second, we bust the idea of agriculture as a revolution that happened immediately, spread quickly, and never turned back. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We’re joined by Richard Nieva, reporter at Buzzfeed, who, along with his colleague Aman Sethi, just published a massive investigation into Worldcoin, a company that aims to distribute crypto to people around the world in exchange for having their eyes scanned by an ominous biometrics device called the Orb. We discuss the long list of major issues with Worldcoin’s operations—including faulty technology, delayed payments, labor exploitation, colonialist extraction, and much more—as uncovered by Richard and Aman’s reporting. Follow Richard: https://twitter.com/richardjnieva Follow Aman: https://twitter.com/Amannama Articles we discuss: ••• “What Did You Do With Our Eyes”: This Startup Promised People Free Crypto If They Scanned Their Eyeballs. Now People Feel They've Been Scammed | Richard Nieva, Aman Sethi https://www.buzzfeednews.com/article/richardnieva/worldcoin-crypto-eyeball-scanning-orb-problems ••• Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users | Eileen Guo, Adi Renaldi https://www.technologyreview.com/2022/04/06/1048981/worldcoin-cryptocurrency-biometrics-web3/ ••• Crypto Startup That Wants to Scan Everyone’s Eyeballs Is Having Some Trouble | Ellen Huet https://www.bloomberg.com/news/articles/2022-03-16/worldcoin-the-eyeball-scanning-crypto-unicorn-hits-signup-snags Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We discuss Ed’s new reporting on the political economy of play-to-earn games, focusing on Axie Infinity and its super-exploitative system of “managers” and “scholars.” Surprise, surprise – the technological and financial foundation of Axie Infinity is just a house of cards built on a bed of sand. Its failure is inevitable. The question is: how much damage will it do along the way? Some stuff we reference: ••• The Metaverse Has Bosses Too. Meet the ‘Managers’ of Axie Infinity | Ed Ongweso Jr. https://www.vice.com/en/article/88g3ag/the-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity ••• Miami Mayor Unveils Laser Eyes Robot Bull Statue at Bitcoin Conference https://www.vice.com/en/article/g5q9wm/miami-mayor-unveils-laser-eyes-robot-bull-statue-at-bitcoin-conference Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 5 – Many Seasons Ago – of The Dawn of Everything by Graeber and Wengrow. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We’re joined by one of the best critical observers of Web3 around – Molly White, creator of Web3 is Going Just Great – to discuss what made her, as a software engineer who is immersed in the tech sector and discourse, finally have to take a stand on Web3. We then break down how Web3 fetishizes its own apparent complexity-as-convolution, the pitfalls in how it is covered by reporters, the cynicism of its biggest advocates, and the internal ideological contradictions at the heart of Web3. Check out Molly’s work: ••• Web3 is Going Just Great ​​https://web3isgoinggreat.com/ /// https://twitter.com/web3isgreat ••• The (Edited) Latecomers Guide to Crypto https://www.mollywhite.net/annotations/latecomers-guide-to-crypto ••• Molly’s website https://www.mollywhite.net/annotations/latecomers-guide-to-crypto ••• Molly’s twitter https://twitter.com/molly0xFFF Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Content warning: this episode has explicit discussion of anti-Black racism experienced by Black workers at Tesla, including racist discrimination, imagery, and slurs. We discuss the details of a class-action lawsuit filed on behalf of more than 4,000 current and former Black workers at Tesla. The lawsuit is based on a long list of allegations of rampant, systemic, abhorrent acts of racism and discrimination in the company’s automotive plant in Fremont, California. Some stuff we reference: ••• California Department of Fair Employment and Housing vs. Tesla Motors, Inc. https://ca-times.brightspotcdn.com/e8/c4/932fafa44013b4e7a4bc082b9615/dfeh-tesla-complaint.pdf ••• Black Tesla employees describe a culture of racism: ‘I was at my breaking point’ https://www.latimes.com/business/story/2022-03-25/black-tesla-employees-fremont-plant-racism-california-lawsuit ••• Tesla Now Runs the Most Productive Auto Factory in America https://www.bloomberg.com/graphics/2022-tesla-factory-california-texas-car-production/ ••• The “Lost Cause” Goes West: Confederate Culture and Civil War Memory in California https://boomcalifornia.org/2020/06/07/the-lost-cause-goes-west-confederate-culture-and-civil-war-memory-in-california/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Our impromptu discussion last week about Jame C. Scott and dual use anthropology made us revisit a classic essay in which Malcolm Harris critically analyzes the anarcho-liberal politics advocated for by Scott. Imagine if the normative basis for your “radical” politics amounted to: throw your hands up like you just don’t care, because nothing matters anyway. We then move on to a new essay offering a thoughtful critique of sci-fi author Neal Stephenson and his latest book that centers on an anarcho-capitalist billionaire geoengineering our salvation. Some stuff we reference: ••• Anarchish: James C. Scott’s “Two Cheers for Anarchism” | Malcolm Harris https://lareviewofbooks.org/article/anarchish-james-c-scotts-two-cheers-for-anarchism/ ••• Professor Who Learns From Peasants | https://www.nytimes.com/2012/12/05/books/james-c-scott-farmer-and-scholar-of-anarchism.html ••• The Billionaire’s Bard | Rob Madole https://thebaffler.com/latest/the-billionaires-bard-madole Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

Our intrepid reporter goes gonzo as Ed descends into the doltish phantasmagoria of SXSW. There are nightmares of humanoid rabbits as Web3 meets Midsommar. Spectacles and speculations of all varieties multiply faster than the mind can process. The old world is dying; long live the new flesh. Ed’s article – At SXSW, A Pathetic Tech Future Struggles to Be Born https://www.vice.com/en/article/88gb75/at-sxsw-a-pathetic-tech-future-struggles-to-be-born Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We dive into chapter 4 – Free People, the Origin of Cultures, and the Advent of Private Property – of The Dawn of Everything by Graeber and Wengrow. This chapter is bookended by discussions of two key political distinctions that organize societies in fundamentally different ways. We start with formal freedom vs substantive freedom. Or, freedom as an ideology (e.g. the land of the free; the pursuit of liberty; spreading democracy) and freedom as a practice (e.g. the ability to actually do things and live life in certain ways). We then conclude on the question of the origins of property. Here we indigenous conceptions of property in the form of sacred objects/knowledge based on relations of caring and sharing. Which evolve into contemporary conceptions (based on Roman law) of property as private possessions based on relations of domination and exclusion. Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We're unlocking the latest episode from the premium feed on the political economy of Buy Now, Pay Later companies. What are they, where did they come from, how do they work, why are they booming, and who is winning and losing? We focus our analysis on the big three BNPLs – Klarna, Afterpay, Affirm – each one a super decacorn company that has benefited immensely from debt fuelled spending during the pandemic. Some stuff we reference: ••• Would You Take Out a Loan for a Pair of Jeans? | Susie Cagle racked.com/2017/11/29/16710502/affirm-loan-shopping ••• Buying a new purse? This startup wants to help you pay for it — but could also get you into debt. | Susie Cagle vox.com/platform/amp/the-goods/2019/1/14/18178772/afterpay-stores-installment-urban-outfitters ••• BNPLs: Businesses Needing Provided Legibility | Patrick McKenzie bam.kalzumeus.com/archive/buy-now-pay-later/ ••• I Bought a Burrito From Chipotle in Four Easy Payments | Ryan Felton consumerreports.org/shopping-retail/the-downsides-of-expanding-buy-now-pay-later-plans-a2840564542/ ••• The Risks of Buy Now, Pay Later Programs | Penelope Wang consumerreports.org/shopping-retail/risks-of-buy-now-pay-later-programs-a1000664957/ ••• Predatory Inclusion and Education Debt: Rethinking the Racial Wealth Gap | Louise Seamster, Raphaël Charron-Chénier journals.sagepub.com/doi/10.1177/2329496516686620 Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

We investigate the political economy of Buy Now, Pay Later companies. What are they, where did they come from, how do they work, why are they booming, and who is winning and losing? We focus our analysis on the big three BNPLs – Klarna, Afterpay, Affirm – each one a super decacorn company that has benefited immensely from debt fuelled spending during the pandemic. Some stuff we reference: ••• Would You Take Out a Loan for a Pair of Jeans? | Susie Cagle racked.com/2017/11/29/16710502/affirm-loan-shopping ••• Buying a new purse? This startup wants to help you pay for it — but could also get you into debt. | Susie Cagle vox.com/platform/amp/the-goods/2019/1/14/18178772/afterpay-stores-installment-urban-outfitters ••• BNPLs: Businesses Needing Provided Legibility | Patrick McKenzie bam.kalzumeus.com/archive/buy-now-pay-later/ ••• I Bought a Burrito From Chipotle in Four Easy Payments | Ryan Felton consumerreports.org/shopping-retail/the-downsides-of-expanding-buy-now-pay-later-plans-a2840564542/ ••• The Risks of Buy Now, Pay Later Programs | Penelope Wang consumerreports.org/shopping-retail/risks-of-buy-now-pay-later-programs-a1000664957/ ••• Predatory Inclusion and Education Debt: Rethinking the Racial Wealth Gap | Louise Seamster, Raphaël Charron-Chénier journals.sagepub.com/doi/10.1177/2329496516686620 Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)

First up is old friend FTC’s recent actions ordering companies to destroy “models and algorithms” derived from “ill-gotten data.” This is a massive regulatory precedent that targets the underlying business model of tech companies, rather than just slapping them on the wrist with fines. We then roll into the latest news from old enemy Uber, who has rolled out a new secretive algorithm that determines how much drivers get paid. This is part of an ongoing agenda to make markets for everything into black-boxed, real-time, hyper-competitive technologies of governance. Some stuff we reference: ••• FTC Takes Action Against Company Formerly Known as Weight Watchers for Illegally Collecting Kids’ Sensitive Health Data | https://www.ftc.gov/news-events/press-releases/2022/03/ftc-takes-action-against-company-formerly-known-weight-watchers ••• The FTC Forced a Misbehaving A.I. Company to Delete Its Algorithm | https://onezero.medium.com/the-ftc-forced-a-misbehaving-a-i-company-to-delete-its-algorithm-124d9f7e0307 ••• Secretive Algorithm Will Now Determine Uber Driver Pay in Many Cities | https://themarkup.org/working-for-an-algorithm/2022/03/01/secretive-algorithm-will-now-determine-uber-driver-pay-in-many-cities ••• Law and the Future of Gig Work in California: Problems and Potentials (Part 1) | https://onlabor.org/law-and-the-future-of-gig-work-in-california-problems-and-potentials-part-1/ Subscribe to hear more analysis and commentary in our premium episodes every week! patreon.com/thismachinekills Grab fresh new TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (twitter.com/jathansadowski) and Edward Ongweso Jr. (twitter.com/bigblackjacobin). Production / Music by Jereme Brown (twitter.com/braunestahl)