This Machine Kills

As the tech economy faces a massive turn down, we dig deeper into a market segment that experienced meteoric overcapitalized growth, a huge pandemic boost, and an immediate collapse: instant delivery // dark stores // ghost kitchens. To help us analyze the consequences of this sector’s rise, demise, and aftermath we are joined by Aaron Shapiro – author of Design, Control, Predict: Logistical Gover...

We riff on the artisanal race science of Caroline Ellison, CEO of Alameda Research, the crypto hedge fund linked to FTX. Then we introduce you to the Harman Ready Care system, yet another of the wonderful innovations on the market contributing, in its own incremental way, to improving the world today. ••• Introducing HARMAN Ready Care: Detects Driver Behaviors and Assists via Context-Aware Interve...

We dig into the details of FTX’s collapse. FTX is not an isolated event. FTX is not a bad apple. FTX is not uniquely mismanaged. FTX is not a cautionary tale. FTX is not a stunning surprise. FTX is a systemic problem, a vehicle for structural levels of fraud, another in a long line of liquidity crunches for crypto, a litmus test for credible due diligence, a fork in the road for the crypto economy...

We dig into Chapter 3 – Theory and Practice – and look at how, in the 1960s and 1970s, theories of finance like random-walk hypothesis and efficient market hypothesis, started leaking out of the university and having real world effects in professional financial practice. Combined with market restructuring caused by the rapid growth of institutional investors in the American economy, these financia...

We discuss a recent investigation by ProPublica into the convergence of real estate, private equity, and algorithmic pricing as they profile a particularly odious company (RealPage) that is selling a technology (YieldStar) to property management companies, which directly leading to severe upward pressures on rental pricing and vacancy rates. Troubled by real estate companies extracting higher marg...

We talk about the chaos at Twitter as Elon drives the company into the ground, merging classic techniques of a private equity takeover with his patented impulsive incompetence. Stuff we reference: ••• Musk’s Trump-style management rattles Twitter workers awaiting layoffs https://www.washingtonpost.com/technology/2022/11/03/elon-musk-twitter-layoffs-silence-blind/ ••• Twitter job cuts begin as Musk...

We are joined by Jacob Silverman – contributing editor at The New Republic – to discuss his profile of David Sacks, a venture capitalist and right-wing media personality who has been on the vanguard of reactionary culture wars and political influence in Silicon Valley. Follow Jacob: https://twitter.com/SilvermanJacob Stuff we reference ••• The Quiet Political Rise of David Sacks, Silicon Valley’s...

We dig into Chapter 2 – Transforming Finance – and look at how, in the 1950s and 1960s, the economic study of finance started shifting from merely descriptive approaches to engaging in more analytical theories and mathematical models of how finance does (and should) operate. Here’s a free pdf of the book: https://uberty.org/wp-content/uploads/2015/02/MacKenzie-An-Engine-Not-a-Camera.pdf Subscribe...

We are joined by reporter Avi Asher-Schapiro who, along with his colleague Fabio Teixeira, has published an investigation into the crypto carbon credits markets. This collision between green finance and crypto economics reveals many of the worst tendencies of both sectors as financiers take advantage of highly profitable opportunities for price arbitrage. Such as bundling low quality “zombie credi...

Take beta blockers before this episode. In a companion piece for our episode on Health Communism, we dig into a concrete case that exemplifies everything we talked about with the production of surplus populations for the purpose of extractive abandonment. The ongoing story we discuss in this episode takes all those dynamics and pushes them to their most horrific logical conclusions. Some reference...

We are joined by Beatrice Adler-Bolton and Artie Vierkant — co-hosts of Death Panel — to discuss their truly excellent new book, Health Communism, which offers a searing analysis of how our conceptions and systems of health are critical to the maintenance of capitalism. Under capitalism we are all human waste: the sick and surplus that are drains on productive society. If you don’t think you are,...

After an extended riff, we kick off the new TMK Book Club on An Engine, Not a Camera: How Financial Models Shape Markets by Donald MacKenzie. In the first chapter we get an intro to some of the big themes, methods, and theories that we’ll get deeper into throughout the book’s sociological analysis of financial economics and market dynamics. This is a foundational book in the social studies of fina...

We check in on our old friends/enemies at the New York Time, then get to some listener mail about effective altruism, all before offering a smart, nuanced, and critical defense of the CIA. You see, it’s not that we are angry, we are just disappointed at the CIA’s continual failure to live up to its own potential for greatness. Stuff we reference: ••• Has the C.I.A. Done More Harm Than Good? https:...

We take a hard look at the White House’s new AI Bill of Rights and discover that the Eye of Sauron is actually ethical according to its principles. We then go in on academia and journalism for, in their own ways, laundering the interests and influence of the tech sector. Also, the new TMK book club starts next week in the patreon feed! Starting with Chapter 1, we will be going through An Engine, N...

We discuss recent events of a report by Tech Inquiry about big tech’s military contracts was pulled by its funders — a major union and a major social democratic party — over Tech Inquiry’s refusal to censor its criticism of Microsoft. We offer our own critical analysis of organizations focused on building short-term, self-interested alliances with capital instead of ones focused on building long-t...

Jathan debriefs on the insurtech conference. Then we discuss Elon Musk’s texts and emails that were made public during discovery for his litigation with Twitter, which show just how idiotic, pathetic, and sycophantic these billionaires truly are. There’s no secret genius masterplan or devious conspiracy. It’s just powerful people sucking off the guy above them and ripping off everybody below them....

We are unlocking a recent episode about a topic that remains very relevant. 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...

It’s TMK Live in Vegas! Well, in real life recording live to tape in the same room for the first time ever. We talk about our adventures in Las Vegas. A city that is constituted by many forms of totally controlled, perfectly designed prisons. A city that is representative of the many forms of surplus in capitalism: of luxury and money, of misery and people. Some stuff we reference ••• Addiction by...

We are joined by Cory Doctorow and Rebecca Giblin – authors of the excellent new book Chokepoint Capitalism – to discuss how creative labor markets are tightly squeezed on all sides by massive monopolies / monopsonies that create chokepoints to trap suppliers, trap consumers, and trap all the profits in markets for books, music, movies, and every other artistic endeavour. Cory and Rebecca then det...

We cruise through recent stories about how our surveillance society continues developing. We’ve got biometric fingerprint scanners to enter the bathrooms at a high school ••• police have decided the heat on facial recognition has finally died down and have begun lifting moratoriums and expanding its usage ••• an insurance company and tech company buy large stakes in a home security company, in the...

We are joined by Justin Roczniak—of the excellent engineering disasters podcast, Well There’s Your Problem—to talk about the potential freight rail strike that has been brewing for a long time and near-future scenarios for the supply chain. We discuss the horrid labor conditions in the industry and the scourge of Precision Scheduled Railroading, a system of management that has transformed the enti...

We discuss a powerful new essay on the multiple violences – domestic, data, administrative, racial – wrought by the state family police, aka “child protective services,” which uses an array of tools to terrorize and tear apart families, particularly targeting those that are Black and Brown. But first, we pour one out for Real Life Magazine and reflect on its importance – and the huge loss – for th...

We get an update on Jathan’s journey into the heart of darkness as he returns to suburban America after a four years absence – a stranger in a strange homeland. Riffs and distractions ensue until we end by talking about Mark Zuckerberg going on the Joe Rogan Experience, Meta’s pivot to Alpha Male Mindset, and the rise of Dark Zuck. Some stuff we reference: ••• Mark Zuckerberg’s Metaverse Pitch Is...

We discuss a great new essay from Noah Kulwin that situates the modern crypto grift economy as a reincarnation of the Savings and Loans Crisis of the 80s – as a way of arguing for a longer view of the historical materialist context of these larger dynamics. New body, old engine. Some stuff we reference: ••• Tales from the Thrifts https://thebaffler.com/salvos/tales-from-the-thrifts-kulwin ••• Woul...

We discuss a new startup doing the rounds called Sanas that uses AI “accent translation” to make "non-white" call center workers speak English with a white American accent. This is some real retro throwback tech solutionism / startup utopianism with a very quotable founder at the helm. While Sanas claims it's all about worker empowerment and global equity, we here at TMKonsulting show how Sanas is...