Jul 9, 2015
KGNU's Claudia Cragg (@KGNUClaudia) speaks here with Nicole Aschoff, an Editor at Jacobin (@jacobinmag), on how severe environmental degradation, breathtaking inequality, and increasing alienation are pushing capitalism against its own contradictions. Myth making, says Aschoff, has become as central to sustaining our economy as profit-making. But, going forward, that need not necessarily be the case.
As outlined in Aschoff's new book, there are 'The New Prophets of Capital': Sheryl Sandberg (c.f. Yahoo) touting the capitalist work ethic as the antidote to gender inequality; John Mackey (c.f. Whole Foods) promising that free markets will heal the planet; Oprah Winfrey urging us to find solutions to poverty and alienation within ourselves; and Bill and Melinda Gates offering the generosity of the 1 percent as the answer to a persistent, systemic inequality. The new prophets of capital buttress an exploitative system, even as the cracks grow more visible.