
Episode 110: The Shiny-Object Psychology of American Capitalist “Innovation”
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05/20/20 • 62 min
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“Free markets drive innovation!” It’s a narrative imparted to us ad nauseam. The ultimate catalyst of creation and progress — we’re told by policymakers, business executives, think tanks, and the media outlets that bolster them — in which great strides in healthcare, electronics, media, and other areas are the domain of private enterprise motivated by competition and profit, and unencumbered by state intervention.
As the prospect of socialism — or at least the word “socialism” — regains currency in the West, these claims have resurged. Capitalism’s supporters insist that a profit-first system is the reason the world is always improving, lifting people out of poverty while equipping them with iPhones, WiFi, and central air conditioning. Socialism, they contend, hinders innovation because public ownership of the means of production removes the competition and profit that ostensibly incentivize creativity.
But why are we expected to believe that concentrating ownership of the means of production in the hands of a few is the key to progress and prosperity for all? How is it that the most important metrics of “innovation” are consumer goods available to some, rather than socialized, need-based programs available to all? And above all, who does this narrative that “innovation” is driven by Anglo-American style Randian capitalism really serve?
On this episode, we delve into these questions, looking at how the United States — the world’s foremost champion of capitalism — packages propaganda about its alleged innovation; the reasons capitalism not only fails to drive innovation, but also actively destroys it; and the U.S.’s brutal actions to thwart socialist efforts toward a more equitably and sustainable version of “innovation” at home and aboard.
Our guest is Current Affairs associate editor Vanessa A. Bee.
“Free markets drive innovation!” It’s a narrative imparted to us ad nauseam. The ultimate catalyst of creation and progress — we’re told by policymakers, business executives, think tanks, and the media outlets that bolster them — in which great strides in healthcare, electronics, media, and other areas are the domain of private enterprise motivated by competition and profit, and unencumbered by state intervention.
As the prospect of socialism — or at least the word “socialism” — regains currency in the West, these claims have resurged. Capitalism’s supporters insist that a profit-first system is the reason the world is always improving, lifting people out of poverty while equipping them with iPhones, WiFi, and central air conditioning. Socialism, they contend, hinders innovation because public ownership of the means of production removes the competition and profit that ostensibly incentivize creativity.
But why are we expected to believe that concentrating ownership of the means of production in the hands of a few is the key to progress and prosperity for all? How is it that the most important metrics of “innovation” are consumer goods available to some, rather than socialized, need-based programs available to all? And above all, who does this narrative that “innovation” is driven by Anglo-American style Randian capitalism really serve?
On this episode, we delve into these questions, looking at how the United States — the world’s foremost champion of capitalism — packages propaganda about its alleged innovation; the reasons capitalism not only fails to drive innovation, but also actively destroys it; and the U.S.’s brutal actions to thwart socialist efforts toward a more equitably and sustainable version of “innovation” at home and aboard.
Our guest is Current Affairs associate editor Vanessa A. Bee.
Previous Episode

Episode 109: Self-Help Culture and the Rise of Corporate Happiness Monitoring
How can one achieve happiness? It’s the eternal question. From Aristotle to Al-Ghazali, Thomas Aquinas to Arthur Schopenhauer. The answer, we’re told, is to look within. These days, we’re told repeatedly by our modern philosophers, Oprah Winfrey, Srikumar Rao, Tony Robbins, Eckhart Tolle and Deepak Chopra and other corporate happiness monitors that prosperity and fulfillment come through deep introspection and mindfulness—just pay for more inspiring books, videos, retreats, seminars, and classes! These prescriptions, while ostensibly useful in the short term for answering personal questions or alleviating stress, all fall within the genre of self-help. The trouble is, on the whole, they’re not very helpful at all. The self-help industry is predicated on the ever-American and thoroughly capitalist concepts of rugged individualism and personal responsibility, arguing that if you have a problem, it’s invariably up to you, and only you, to fix it. Meanwhile, it imparts the appearance of virtue and legitimacy with hollow, cherry-picked references to Christianity, Buddhism, Hinduism, and psychology. In recent years, there’s rightfully been a new crop of criticism leveled against the self-help industry, with books offering “anti-self-help” alternatives for improving one’s life, calling for people to relax and stop placing so much pressure on themselves. Still, many of these critiques embrace the same form of individualism as the media they decry, ignoring the reality that the best way to ‘help’ people is to ensure their material needs—like housing, food, and healthcare—are met. On this episode, we’ll chronicle the development of modern self-help culture, from its 19th-century protestant, capitalist roots to its modern ambassadors; analyze how self-help culture promotes the values of neoliberalism; examine the ways in which modern mainstream critiques of the self-help industry fall short, embracing the same reactionary principles they should be rebuking, and dissect the profound institutional incentives that compel us to prioritize solipsism over solidarity. Our guest is political economist and author William Davies.
Next Episode

News Brief: Trump, the NFL, and the Upcoming Mother of All 'Culture Wars'
Trump is likely pinning his reelection hopes on "reopening" the NFL––a grand media spectacle that will signal victory over the virus and usher in a new low in Triggering The Libs politics.
A cynical corporate media and pro-Trump billionaire NFL owners are happy to go along with it. But will NFL players? Will Democratic Party leaders? What will a "safe reopening" look like and how, more broadly, should the Left and liberals counter the Right's nihilistic "reopen" narrative?
On this News Brief, we are joined by The Nation's Dave Zirin to shed some light on the upcoming perfect storm of sports-infused election season PR bullshit.
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