Marjorie Kelly on the Capitalism Crisis: “Wealth Supremacy” is Killing Us
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Marjorie Kelly on the Capitalism Crisis: “Wealth Supremacy” is Killing Us |
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This Video Uploaded At 04-02-2024 16:30:08 |
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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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📺 RELATED EPISODES:
Catastrophic Capitalism: Marjorie Kelly & Edgar Villanueva on “Wealth Supremacy”: https://youtu.be/TF6J_HfH0Go
How to Make a Democratic Economy - https://youtu.be/FUGnwoGDQtg?si=xJ6KfN67tQvyGNdF
Decolonizing Wealth Through Indigenous Leadership: Edgar Villanueva - https://youtu.be/2x0X-AHVydo?si=4QGeWSUSqhDnxMxE
📚 Check out our Book of the Week on BOOKSHOP*: “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today's Crises” by Marjorie Kelly: https://bookshop.org/a/22992/9781523004775
(*Bookshop is an online bookstore with a mission to financially support local, independent bookstores. The LF Show is an affiliate of bookshop.org and will receive a small commission if you click through and make a purchase.)
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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
00:00 – Intro
01:48 – Wealth and Financialization
05:35 – Reflecting on the Old Days of Economics and “Wealth Supremacy”
09:58 – People, Capital, and the Culture of Wall Street
13:52 – White Supremacy, Climate Change, and Wealth Inequity, Solutions for Moving Forward
21:03 – Supremacy, Bias, the Divine Right of Capital and Building a Democratic Economy |
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