This Machine Kills

We’re pulling the ripcord on this book. After slogging through five chapters, we discuss why this book just isn’t working for our needs with the TMK Book Club and why we are abandoning it. Despite it being an influential book, which is squarely in our interests, its approach to describing the topic makes it difficult and, frankly, not very fun to talk about. So instead we talk about some other contenders for the next iteration of the TMK Book Club that show more promise and take us in some different directions. We also ask for your recommendations! Comment on this episode on Patreon or post them on Discord. Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Grab TMK gear: https://www.bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 Governance in the Smart City. ••• Aaron’s twitter: https://twitter.com/BricolageYumYum ••• Aaron’s book: https://www.upress.umn.edu/book-division/books/design-control-predict ••• Aaron’s article: https://journals.sagepub.com/doi/abs/10.1177/14695405211069983 ••• The Fantasy of Instant Delivery Is Imploding https://www.bloomberg.com/news/features/2022-10-24/gopuff-layoffs-signal-instant-delivery-s-demise?leadSource=uverify+wall Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Grab TMK gear: https://www.bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 Interventions for Safer and Smarter Drives https://www.businesswire.com/news/home/20220914005609/en/Introducing-HARMAN-Ready-Care-Detects-Driver-Behaviors-and-Assists-via-Context-Aware-Interventions-for-Safer-and-Smarter-Drives ••• Data Driven: Truckers, Technology, and the New Workplace Surveillance https://press.princeton.edu/books/hardcover/9780691175300/data-driven Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Grab TMK gear: https://www.bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

The discussion centers on the shocking collapse of FTX, highlighting its implications for the entire crypto economy. It critiques the misleading perceptions of stability and the deeper systemic flaws revealed by the scandal. FTX's dramatic rise and fall is linked to not only its controversial founder, Sam Bankman-Fried, but also to broader issues within the industry. The need for regulatory oversight in the wake of FTX's failure is emphasized, raising important questions about trust and accountability in the world of digital currencies.

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 financial theories directly influence the creation of things like index funds, which go on to set financial markets on a totally new pathway. Here’s a free pdf of the book: https://uberty.org/wp-content/uploads/2015/02/MacKenzie-An-Engine-Not-a-Camera.pdf Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Grab TMK gear: https://www.bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 margins out of renters in a tight market in ways that raise red flags of collusion? Well, just blame a guy named Bob. Stuff we reference: ••• Rent Going Up? One Company’s Algorithm Could Be Why. https://www.propublica.org/article/yieldstar-rent-increase-realpage-rent ••• Senator Seeks Antitrust Review of Apartment Price-Setting Software https://www.propublica.org/article/yieldstar-rent-increase-senate-antitrust-apartment ••• Company That Makes Rent-Setting Software for Apartments Accused of Collusion, Lawsuit Says https://www.propublica.org/article/realpage-accused-of-collusion-in-new-lawsuit ••• RealPage Accused Of Price-Fixing In Student Housing Market https://www.law360.com/real-estate-authority/articles/1546168/realpage-accused-of-price-fixing-in-student-housing-market ••• JP Morgan Wants to Make Tenant Data Available to Every Landlord https://www.vice.com/en/article/k7bkyn/jp-morgan-wants-to-make-tenant-data-available-to-every-landlord Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Grab TMK gear: https://www.bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 warns of ‘massive’ revenue drop https://www.ft.com/content/b9a2a0ec-d3fe-422d-bc62-fa9ddfd3f06c ••• A Layoff Guide for Twitter Workers https://news.techworkerscoalition.org/2022/11/03/issue-16/ ••• Exclusive: Tesla faces U.S. criminal probe over self-driving claims https://www.reuters.com/legal/exclusive-tesla-faces-us-criminal-probe-over-self-driving-claims-sources-2022-10-26/ ••• American Gentry https://www.theatlantic.com/ideas/archive/2021/09/trump-american-gentry-wyman-elites/620151/ 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 (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 Prophet of Urban Doom https://newrepublic.com/article/168125/david-sacks-elon-musk-peter-thiel ••• The Neocons and the Woke Left Are Joining Hands and Leading Us to Woke War III | Opinion https://www.newsweek.com/neocons-woke-left-are-joining-hands-leading-us-woke-war-iii-opinion-1748947 ••• The Shadow Crew Who Encouraged Elon Musk’s Twitter Takeover https://www.wsj.com/articles/the-shadow-crew-who-encouraged-elon-musks-twitter-takeover-tesla-jack-dorsey-11651260119 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 (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 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 (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)

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 credits” with high quality carbon credits, labeling these subprime assets as premium, and selling the tokens at the highest price. All in the name of making the markets more efficient at saving the planet, of course. ••• Follow Avi: https://twitter.com/AASchapiro ••• Fears of 'subprime' carbon assets stall crypto rainforest mission https://www.context.news/net-zero/long-read/fears-of-subprime-carbon-assets-stall-crypto-rainforest-mission Grab TMK gear: bonfire.com/store/this-machine-kills-podcast/ Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)