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

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Mon. Sep 21st, 6pm - 7pm: Marc Abrahams, founder of the Ig Nobel Prizes (More info...)
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Options August 31, 2020: Ben Hunt, from Epsilon Theory, on corruption in finance & tech

Listen to this show: MP3 - 128K |  Pop‑up player!

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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   Options Machinarium Soundtrack  No label 
Options
 
  Mark's intro      
Options
0:00:05 (MP3 | Pop‑up)
  Interview with Ben Hunt      
Options
0:12:07 (MP3 | Pop‑up)
  Mark's comments after the interview      
Options
0:53:09 (MP3 | Pop‑up)
Alan Dobson  Nowhere To Hide   Options Lost Broadcast  Rotary Tower 
Options
0:56:59 (MP3 | 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 6:25pm Revolution Rabbit Nov63:

...anything.
Avatar Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 6:55pm brainiac:

mind control is required if you want to have a decent cult.
Avatar Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 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 Swag For Life Member 7:03pm Revolution Rabbit Nov63:

*expoSition
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