Favoriting Techtonic with Mark Hurst: Playlist from August 31, 2020 Favoriting

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Favoriting August 31, 2020: Ben Hunt, from Epsilon Theory, on corruption in finance & tech

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Playlist image Favoriting

Tonight: Ben Hunt, from Epsilon Theory, on corruption in finance & tech

Pointers:

• EpsilonTheory.com

• @EpsilonTheory (Twitter)

• Sacrifice for Thee, Vast Wealth for Me (Ben Hunt, Aug 25, 2020): "Doug Parker, American Airlines CEO and Chairman of the Board, wrote a letter to his employees today that pretty much defines high-functioning sociopathy."

• Facebook Delenda Est (Ben Hunt, Aug 20, 2020)

• The Grifters, Chapter 1 – Kodak (Ben Hunt, July 30, 2020)

• The Grifters, Chapter 2 - N95 Masks (Ben Hunt, Aug 11, 2020)

• Tech billionaire Marc Benioff wants every CEO to take a 'no layoff' pledge as part of an 8-point plan to deal with coronavirus (Business Insider, March 26, 2020)

• After blockbuster quarter, Salesforce lays off nearly 1,000 employees (MSN, Aug 27, 2020)

• Ben Hunt responds (Aug 27): "No American CEO has sold more stock for more money for a longer period of time than Marc Benioff. No one."

See also:

• Edward Ongweso (Aug 31): "Tesla and Apple split their stocks to make them 'cheaper' for individual investors. This caused service outages at multiple major trading platforms. Oh and added over $80 billion in value to the companies. Not a bubble folks. We are not in a bubble." . . . "normal economy at work here"

• How Did the Stock Market Set a New High Every Day Last Week? (Wall Street on Parade, Aug 31): "How long can a frothy bubble last? Much longer than common sense would suggest, especially when the Fed keeps spiking the punch bowl with zero interest rates and trillions of dollars in bailouts. How long can Congress ignore the rigged structure of the stock market? Until Wall Street billionaires are no longer allowed to contribute obscene sums of money to Presidential and Congressional campaign committees."

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Artist Track Album Label Images Approx. start time
  Ben Hunt, from Epsilon Theory, on corruption in finance & tech.
Tomaš Dvořák  Game Boy Tune   Favoriting Machinarium Soundtrack  No label 
Favoriting
 
  Mark's intro      
Favoriting
0:00:05 (Pop-up)
  Interview with Ben Hunt      
Favoriting
0:12:07 (Pop-up)
  Mark's comments after the interview      
Favoriting
0:53:09 (Pop-up)
Alan Dobson  Nowhere To Hide   Favoriting Lost Broadcast  Rotary Tower 
Favoriting
0:56:59 (Pop-up)


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Listener comments!

Avatar Swag For Life Member ♥ 6:00pm
Kim Reynolds:

Been waiting a week for this!
  6:01pm
David in London:

Evening Mark and all Technoids.
Goodness you gave us a scare on Wake and Bake this morning. We thought you were going!
Avatar 🤖 Swag For Life Member ♥ 6:01pm
ultradamno:

Mark! Techtoketeers!
Avatar 🤖 Swag For Life Member ♥ 6:02pm
Bas NL:

Mark! Techtonicorruptoids!
Avatar 🤖 Swag For Life Member ♥ 6:02pm
Webhamster Henry:

Sunsetting time here ! last Techtonic of August!
Avatar Swag For Life Member ♥ 6:02pm
WR:

Truly? I'm aghast. Corruption? In finance and tech? How dare they.
Avatar 🤖 Swag For Life Member ♥ 6:03pm
listener james from westwood:

Howdy, Mark and all! Thanks for all the slices of Tech Pie on Clay lo these many Mondays!
Avatar Swag For Life Member ♥ 6:03pm
Mark Hurst:

@Kim @DiL @ultra @Bas @Webham @WR thanks for joining in!
Avatar 🤖 Swag For Life Member ♥ 6:04pm
chris:

hello, Mark and techrationalists.
  6:04pm
Roland from Australia:

Hello All
Avatar Swag For Life Member ♥ 6:04pm
Mark Hurst:

@James @DiL thanks - it was a lot of fun putting those together. Just need to recover a little time for a bit.
Avatar Swag For Life Member ♥ 6:04pm
Mark Hurst:

@chris @Roland hi!
  6:04pm
David in London:

Hey ultradamno.
Avatar 🤖 Swag For Life Member ♥ 6:04pm
ultradamno:

Hiya DiL!
Avatar 🤖 Swag For Life Member ♥ 6:05pm
Ken From Hyde Park:

Hi, Mark and all. Let's follow the money!
Avatar 6:06pm
Sonderangebot:

Hi Mark & all, been looking forward this show.
Avatar Swag For Life Member ♥ 6:06pm
Mark Hurst:

@KfHP good idea
Avatar 🤖 Swag For Life Member ♥ 6:06pm
listener james from westwood:

Oh, Benioff. Shitbirds will shitbird.
Avatar Swag For Life Member ♥ 6:06pm
Mark Hurst:

@Sonderangebot thanks! Glad you're here.
Avatar 🤖 Swag For Life Member ♥ 6:06pm
Bas NL:

Sounds like a hit and run.
Avatar 🤖 Swag For Life Member ♥ 6:08pm
joe mulligan:

I've interviewed at Salesforce for sales roles many times upon friends' request. it is brutally cutthroat and competitive there.
Avatar Swag For Life Member ♥ 6:08pm
Megaroni:

Yes Techtonic, call out this jerk off who gives millions of dollars to ICE as well
Avatar Swag For Life Member ♥ 6:08pm
WR:

"narrative"; story being sold to public.
Avatar 🤖 Swag For Life Member ♥ 6:09pm
Bas NL:

Narrative as in talking bent straight.
Avatar 🤖 Swag For Life Member ♥ 6:09pm
ultradamno:

Well, as long as it's high-functioning
Avatar 🤖 Swag For Life Member ♥ 6:10pm
ultradamno:

"Separated", like it's a marriage break.
Avatar 6:11pm
Revolution Rabbit Nov63:

Highly recommended episode of Psychedelic Salon - 'Big Tech Needs a Conscience' :
psychedelicsalon.com...
- by a member of the Electronic Frontier Foundation - who I'm happy to report have apparently evolved beyond just deregulation for interwebz ...
  6:12pm
LiXiviated Life:

Mark
Mark I worked for corporate America 37 years. “team members” all that nice language is total bullshit. The purpose of a corporation is to earn a profit.
end of discussion
They don’t give a shit about people.
Avatar 6:13pm
Revolution Rabbit Nov63:

'Human Resources is not your friend.'
Avatar 🤖 Swag For Life Member ♥ 6:14pm
listener james from westwood:

When the bosses start calling employees "team members," run.

When they start calling employees "family," throw a chair through the window and jetpack to safety.
Avatar 6:14pm
brainiac:

"...third prize is your fired.”
Avatar ♥ 6:14pm
βrian:

To Human Resources, your just so much Soylent Green, yo.
Avatar 🤖 Swag For Life Member ♥ 6:14pm
listener james from westwood:

@Rev: HR is a company's immune system against its employees.
Avatar 6:15pm
brainiac:

*you're
Avatar 🤖 Swag For Life Member ♥ 6:15pm
Webhamster Henry:

Don't forget your Team Building Exercises!
Avatar 6:15pm
Sonderangebot:

My desk used to be right in front of HR before COVID - certainly one of the positive aspects of working from home now...
Avatar ♥ 6:16pm
βrian:

@brainiac: D'oh no! I shall flog myself with spruce boughs over that one! Argh!
  6:16pm
David in London:

“Our real asset is our employees”.
  6:17pm
David in London:

Yo brainiac.
Avatar 6:17pm
brainiac:

@ βrian: I was correcting my own mistake, friend. But don't let that stop you, and same some for me!
Avatar ♥ 6:18pm
βrian:

Yep, at least I got 'yo' right.
Avatar 6:18pm
brainiac:

Hey David, wanna join in the self-flagellation?
Avatar 🤖 Swag For Life Member ♥ 6:19pm
ultradamno:

Dinner with Zuck...are his meals as uniform as his clothing?
Avatar 6:20pm
Revolution Rabbit Nov63:

Zuck has hit $100Billion
- a Billionaire, 100 Xs.
Bezos $200Billion.
...Yeah - they really care... about ANYTHING.
Avatar ♥ 6:20pm
βrian:

It's those soulless eyes that get me.
Avatar 6:21pm
brainiac:

*save
Avatar ♥ 6:23pm
βrian:

Remember that one time your mom caught you self-flagellating?
Avatar Swag For Life Member ♥ 6:23pm
coelacanth∅:

you don't have to. and "opting out" is not how you opt out, any more than "ignoring" is ignoring.
just don't look at it. simple.
Avatar 6:25pm
brainiac:

The most chilling thing I read today. Just the bullet points are all you need to see before you tear your own eyes out: www.nytimes.com...
Avatar 6:25pm
Revolution Rabbit Nov63:

...anything.
Avatar 6:29pm
Revolution Rabbit Nov63:

Podcast I link to above addresses how facebook does what a Billboard on a highway never could : broadly advertise radicalism without public shame... Back to Billy Bragg saying Free Speech needs Accountability.
Avatar ♥ 6:31pm
spodiodi:

greetings Mark Hurst and crew!
Avatar Swag For Life Member ♥ 6:32pm
Mark Hurst:

@spodiodi hi, thanks for joining!
Avatar 🤖 Swag For Life Member ♥ 6:34pm
chris:

pharmaceutical *supplies* - ie plastic containers, syringes, stuff like that, perhaps? i think stuff like that will be needed to distribute vaccines, when available. (looking on the bright side of this clearly corrupt process)
Avatar Swag For Life Member ♥ 6:35pm
WR:

Please have Ben back, you guys together are great team!
Avatar Swag For Life Member ♥ 6:36pm
Cooh John:

If you aren't appalled, you aren't paying attention.
Avatar Swag For Life Member ♥ 6:38pm
Mark Hurst:

@WR thanks!
  6:43pm
David in London:

Hi spodiodi.
Avatar Swag For Life Member ♥ 6:43pm
coelacanth∅:

the defense department is in charge of it, just as the defense department is in charge of the covid-19 epidemic.
there are reasons for this and it's not going to change.
Avatar ♥ 6:44pm
spodiodi:

hi David in London
Avatar ♥ 6:45pm
spodiodi:

"trump is a loser" is the soundbite i'm getting behind
  6:45pm
sim:

Very Christian language.
Avatar 🤖 Swag For Life Member ♥ 6:47pm
ultradamno:

I still think 'boot on the neck' was a singularly poor choice of words.
Avatar Swag For Life Member ♥ 6:47pm
coelacanth∅:

ultra -yeh
  6:47pm
NYC Peter in Seattle:

Some black americans would argue that the "boot" on a street level is a bigger threat to their immediate reality than corporate oligarchy.
  6:48pm
NYC Peter in Seattle:

Which isn't to say that oligarchy isn't a threat, it certainly is.
Avatar Swag For Life Member ♥ 6:49pm
Cooh John:

Beautiful show. Thanks for what you do, Mark.
Avatar Swag For Life Member ♥ 6:49pm
coelacanth∅:

anyway this that is now is just a small step toward the very close goal. 1984 IS more accurate; it's just not quite in the open yet.
. . . soon.
Avatar 6:50pm
Revolution Rabbit Nov63:

Huxley in Brave New World was saying we would love our chains - he was specific & prescient about Technocrats.
Less difference between Huxley & Orwell that way than is thought I believe - & as our century - that future - is explicitly confirming.
Avatar 🤖 Swag For Life Member ♥ 6:50pm
ultradamno:

I do take his point that there is a kind of white collar brutality that too often gets simply tolerated though.
Avatar Swag For Life Member ♥ 6:50pm
Mark Hurst:

@Cooh John thanks!
  6:50pm
David in London:

S&P, whose assessments proved so trustworthy in the years before the 2007 financial meltdown.
Avatar 6:51pm
brainiac:

Into the memory hole we go willingly. Bartender!
Avatar ♥ 6:52pm
spodiodi:

thank, Mark!
will have to go back and listen from the start. (was chasing weasels.) enjoyed what i heard. thanks for the work you do to and taking a stand to raise awareness!
Avatar 6:53pm
Revolution Rabbit Nov63:

...speaking of Futures...
Avatar Swag For Life Member ♥ 6:53pm
Mark Hurst:

@spodiodi thanks! yes tried to give a little context before the interview. though I understand, those weasels need to be chased sometimes
  6:53pm
David in London:

It’s a huge tech-based version of what Nike did years ago, moving away from being a company which made trainers and towards some notional and abstract idea of freedom or sport. Or something.
Avatar Swag For Life Member ♥ 6:54pm
Mark Hurst:

@DiL "just do it"
Avatar 🤖 Swag For Life Member ♥ 6:54pm
Webhamster Henry:

There's a whole other Tesla story about Tesla shorters tanking!
Avatar 6:55pm
brainiac:

mind control is required if you want to have a decent cult.
Avatar 6:55pm
Revolution Rabbit Nov63:

Military-Industrial Complex?
...Mythology Industrial Complex...
Avatar Swag For Life Member ♥ 6:56pm
Cooh John:

Touché, RRN63.
  6:56pm
northguineahills:

Thanks!
  6:56pm
NYC Peter in Seattle:

Mythology Industrial Complex=Corporate Media
Avatar 🤖 Swag For Life Member ♥ 6:56pm
Bas NL:

Thanks Mark & Ben!
Avatar 🤖 Swag For Life Member ♥ 6:56pm
Webhamster Henry:

Yes @RR'63, the MIC is 100% mythology , and of course America favorite jobs program.
Avatar Swag For Life Member ♥ 6:57pm
WR:

Now thinking about how to give this dialog wider distribution. More more more people need to hear, beyond us WFMU regulars.
Avatar 6:57pm
Revolution Rabbit Nov63:

Lennon was right. It's Advertising.
  6:57pm
P-90:

Ben Hunt’s concerns and point of view are indeed strikingly similar to Mark’s. The late great Science Fiction writer T.J. Bass might have said they sound like they’re “clone litter mates.”
Avatar Swag For Life Member ♥ 6:57pm
Corey:

Thanks, Mark, for the show and today's great - final for now - Slice of Tech Pie! Always worthwhile.
Avatar Swag For Life Member ♥ 6:57pm
Mark Hurst:

@Corey thanks!
Avatar Swag For Life Member ♥ 6:58pm
coelacanth∅:

Thanks Mark and Ben
Avatar 6:58pm
brainiac:

Outstanding show Mark. Thank you.
Avatar 🤖 Swag For Life Member ♥ 6:58pm
Webhamster Henry:

That Salesforce story is very like G.H.W. Bush's "read my lips: No New Taxes"
Avatar Swag For Life Member ♥ 6:58pm
Mark Hurst:

@brainiac @coel thanks!
  6:58pm
David in London:

Thanks Mark. Keep flying that flag.
Good night all.
Avatar 🤖 Swag For Life Member ♥ 6:58pm
listener james from westwood:

Thanks, Mark!
Avatar 🤖 Swag For Life Member ♥ 6:58pm
chris:

thanks, Mark and Ben!
  6:59pm
P-90:

Thanks, Mark!
Avatar Swag For Life Member ♥ 6:59pm
Mark Hurst:

@P-90 thanks for being with us
  6:59pm
David in London:

Know where to hide...
Avatar Swag For Life Member ♥ 6:59pm
Mark Hurst:

@DiL touché
Avatar 🤖 Swag For Life Member ♥ 6:59pm
Webhamster Henry:

There can be a lot more on this subject of "what the hell is the stockmarket and why do people think that's the economy"
Avatar Swag For Life Member ♥ 7:00pm
coelacanth∅:

that bathroom fixture needs a bath
Avatar Swag For Life Member ♥ 7:00pm
Cooh John:

With the narrative, it is in plain sight, David in London.
Avatar 🤖 Swag For Life Member ♥ 7:00pm
Webhamster Henry:

@Mark how about a shot of the sports closet?
Avatar Swag For Life Member ♥ 7:01pm
Cmurtha:

I can only hope that we start to have the violent resistance and high fashion that comes with cyberpunk dystopias, rather than just the oligarchy and societal collapse and decay. Great show
Avatar 7:01pm
Revolution Rabbit Nov63:

Orwell said what mattered was not betraying each other & staying human. I'm gratified that the writers & the discussions are now making expodition of the dynamic between Tech, Capitalism - & the Human psyche or dare we say soul...
Avatar 7:03pm
Revolution Rabbit Nov63:

*expoSition
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