[TRAILER] Marjorie Kelly on the Capitalism Crisis: “Wealth Supremacy” is Killing Us

Watch the full episode here: • Marjorie Kelly on the ...
"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.”
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

[@queenamyheart3973]

The Michael Hudson comment is spot on. The concept of "economic rent" (money paid for nothing productive) which Classical economists sought to minimize has fallen into disuse. Speculation is rampant, and simply favors gamblers rather than productive members of society.

[@TheRantingRooster]

Thomas Paine pointed out in Agrarian Justice, civilized society is the root of poverty.

[@lynnwood7205]

Refer also to the books and web site of economist Michael Hudson on how this system of
financial capitalism came to replace Industrial capitalism and the history of conflict over
what debt is necessary to be forgiven..

[@LauraFlandersAndFriends]

We've had Michael Hudson on the show before! ua-cam.com/video/dXqL1Hp42k0/v-deo.htmlsi=ivlTVsHo0J6Yu1fZ