Who Makes Cents?: A History of Capitalism Podcast

Often, analyses of the intersections between race and capitalism consider how capitalism harms dispossessed communities of color because excluding or neglecting them is profitable. But what if serving those communities could be both very profitable and very damaging to the people in them? We speak with Keeanga-Yamahtta Taylor about what she calls “predatory inclusion,” in which financial institutions and real estate interests sought to build black homeownership. In the process, they reaped tremendous profits and devastated the lives of black homeowners.

When we talk about the 1973 energy crisis, we tend to cast it as a moment when Americans questioned assumptions about how the domestic economy worked and the U.S. role in the global economy. We don’t always spend as much time thinking about why the crisis happened, or what it represented in the Global South. OPEC’s decision to cut production and raise prices stemmed from a longer history of anti-colonial activists demanding a fundamental change in how the global economy operated. As countries with oil reserves pushed out colonial powers, local elites demanded sovereignty over their new nation’s political life but also over their natural resources.

Today we speak with Chris Dietrich, who tells us about the longer history of anti-colonial elite thinking about oil, which culminated in what we in the U.S. tend to call the 1973 “energy crisis.”

In major cities across the country, skyrocketing rents and housing prices have pushed out workers and everyday people who are no longer able to afford the cost of living. In Los Angeles, this has led to a spike in homelessness and the increased precarity that comes from living on the streets. Since 2017, at least 1200 homeless people in LA have died, many from treatable illnesses like cardiovascular disease, pneumonia, and diabetes. What are some of the causes and solutions to this housing crisis?

On today’s episode we speak to Randy Shaw about his new book Generation Priced Out. In this book, Randy poses the question: “who gets to live in the new urban America? He takes us through the political, economic, and generational dynamics of the struggle for housing, both how it is, and how it could be better.

Randy Shaw is Director of the Tenderloin Housing Clinic, San Francisco’s leading provider of housing for homeless single adults. His previous books include The Activist’s Handbook: Winning Social Change in the 21st Century; Beyond the Fields: Cesar Chavez, the UFW, and the Struggle for Justice in the 21st Century; and The Tenderloin: Sex, Crime, and Resistance in the Heart of San Francisco.

We talk a lot about logistics on this show – the industries, like Amazon or FedEx, that have made fortunes managing the movement of goods from one place to another. Logistics companies undergird the globalized economy, making it possible for companies to benefit from low wages and labor abuses in the global South by moving finished products quickly and cheaply to markets all over the world. Our guest today explains how dock workers have been another force enabling the global economy to function and examines the power they wield even in the era of the container ship.

The Me Too movement has brought much needed attention to sexual violence and harassment both in and outside the workplace. It has challenged patriarchal norms and practices and illuminated entrenched power hierarchies. It also drew strength from longer struggles against the many manifestations of patriarchal power.

On this month’s show, we speak to Bernice Yeung about how some of the U.S.’s most precarious workers experienced and have fought back against workplace sexual violence. She takes us into office buildings and farm fields. And she shares lessons about what can be done to overcome the epidemic of sexual violence across our society.

Bernice Yeung is an award-winning journalist for Reveal from The Center for Investigative Reporting. She was a 2015–2016 Knight-Wallace Fellow at the University of Michigan. Her work has appeared in the New York Times, Mother Jones, and The Guardian, as well as on KQED Public Radio and PBS Frontline, and she is the author of In a Day’s Work: The Fight to End Sexual Violence Against America’s Most Vulnerable Workers. She lives in Berkeley, California.