We return to an old enemy of the show by discussing the latest developments in the crypto industry. We trace how crypto has evolved from a grift largely focused on defrauding retail investors into a grift now focused on creating financial infrastructure to facilitate very direct and obvious forms of political influence peddling. Of course, the Greater Idiot Theory still holds as many investors still think that bitcoin is a hedge against the stock market and a reservere of stable value in a volatile economy, but the crypto industry is now driven by the needs of the greatest idiots of them all: Donald J. Trump and Family.
Also, here are links for the pictures we were joking about in the beginning: https://x.com/captgouda24/status/1913254322864894178 and https://x.com/luke_d_ismas/status/1913406583188369497
••• Crypto Crime is Legal | Molly White https://www.citationneeded.news/issue-81/
••• Trump’s Newest Grift: Building a Cryptocurrency Empire While Destroying its Regulators | Molly White https://www.citationneeded.news/trump-crypto-empire/
••• TMK in the New Yorker https://www.newyorker.com/magazine/2025/04/21/how-to-survive-the-ai-revolution
Standing Plugs:
••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite
••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble
••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills
Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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9:48
401. Ruled by Bastards (ft. Quinn Slobodian)
We are joined by yet another TMK favorite, Quinn Slobodian, who is author of Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. We discuss Quinn’s analysis of “new fusionism” or a mutant strain of neoliberalism that crystallized in the 1990s, which sought to ground and defend neoliberal policies through their own bastardization of biological sciences — cognitive, behavioral, evolutionary, genetic, and so on. They then used scientism to justify and propagate political ideas and economic models based on hardwired human nature and hierarchical differences between races, cultures, and intelligence. The fringes of the 1990s have now become the mainstream of the 2020s.
••• Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right | Quinn Slobodian https://press.princeton.edu/books/hardcover/9781890951917/hayeks-bastards
Standing Plugs:
••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite
••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble
••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills
Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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1:13:11
400. Well, Somebody Has to Do Something! (ft. Malcolm Harris)
We have a big chat with Malcolm Harris about his new book — What’s Left: Three Paths Through the Planetary Crisis — which takes seriously the fact that “the whole total world is in crisis” and then seriously advances three different ways to understand, confront, and overcome these disastrous conditions. We walk through the pathways that Malcolm stakes out — marketcraft, public power, and communism — and use the bland discourse around Abundance as a foil for the far more incisive analysis he lays out in What’s Left.
••• What’s Left: Three Paths Through the Planetary Crisis | Malcolm Harris https://www.hachettebookgroup.com/titles/malcolm-harris/whats-left/9780316577434/
••• Malcolm’s book tour https://linktr.ee/WhatsLeftTour
••• Malcolm’s review of Abundance https://thebaffler.com/latest/whats-the-matter-with-abundance-harris
Standing Plugs:
••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite
••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble
••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills
Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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1:49:28
Patreon Preview – 399. The Business of Management (ft. Katie Wells)
We are joined by Katie Wells — Director of Research at Groundwork Collaborative — to discuss her new report with the Fairwork Project which examines the current labor conditions in the gig platform market in the US. We chat about how core features of the broader economy are becoming extremely abnormal — prices are no longer fixed and standard, income is piecemeal and unstable, people can use short-term credit to buy their fast food dinner, platform services are integrating with and replacing government services. The abnormalities keep piling up until they become the new normal. Plus we draw connections between the managerial techniques of platform companies and private equity firms.
••• Fairwork US Ratings 2025: When AI Eats the Manager https://fair.work/en/fw/publications/fairwork-us-ratings-2025/
Standing Plugs:
••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite
••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble
••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills
Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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5:58
398. The Treacherous Eunuch
We try to figure out what the fuck is happening in the US as we chat about the low rent car commercial at the White House, the human shields of cops protecting Tesla dealerships, how Musk has become (by his own actions) a scapegoat for the public’s hatred, and the ongoing disintegration of social bonds and moral solidarity under a fascist regime. Plus a new data analysis system called ShadowDragon that is supercharging the surveillance capabilities of ICE, DEA, DoS, and more. We endeavor to analyze the abyss, organize against the abyss, but not get caught staring into the abyss.
••• Stalled Audits and a Skeleton Staff: Inside Trump’s War on the I.R.S. https://www.nytimes.com/2025/03/10/us/politics/irs-taxes-trump-musk-federal-workers.html
••• The Abduction of Mahmoud Khalil https://www.unpopularfront.news/p/the-abduction-of-mahmoud-khalil
••• Yale Suspends Scholar After A.I.-Powered News Site Accuses Her of Terrorist Link https://www.nytimes.com/2025/03/12/us/yale-suspends-scholar-terrorism.html
••• The 200+ Sites an ICE Surveillance Contractor is Monitoring https://www.404media.co/the-200-sites-an-ice-surveillance-contractor-is-monitoring/
Standing Plugs:
••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite
••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble
••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills
Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
A podcast about technology and political economy /// Agitprop against innovation and capital /// Hosted by Jathan Sadowski and Edward Ongweso Jr., Produced by Jereme Brown /// Hello friends and enemies
Listen anywhere that fine podcasts are distributed. Subscribe at patreon.com/thismachinekills to get premium episodes every week.
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