2 chapters across the catalog
The hosts compare the Dodd-Frank Act to Obamacare, arguing that both laws turn private industries into "wards of the government" through heavy regulation. They discuss the role of the Financial Stability Oversight Council (FSOC) in designating Systemically Important Financial Institutions (SIFIs). This designation is characterized as the essence of crony capitalism, giving the Federal Reserve control over private corporate policy.
Systemically Important Financial Institutions, Economic Collapse
A discussion with artist and former tech executive Lori Frick touches on the inevitability of an economic collapse. The hosts argue for "ripping the band-aid off" rather than sustaining the current system of SIFIs and government partnerships. They define the current state of US corporatism as a form of fascism where regulators have an incentive to rescue failing entities to hide their own failures.
