If you can’t afford to buy a new car or pay your rent, it’s your own fault – that’s what neoliberalism tells us. No wonder we’re in the midst of a mental health crisis.
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A emFinancial Times/em best book of the year and one of emThe New Yorker’/ems “Political Books to Help Us Make Sense of 2024” br / br / An eye-opening account of offshore finance: a secretive system making the rich richer while corroding democracy, capitalism, and the environment., Offshore, Stealth Wealth and the New Colonialism, Brooke Harrington, 9781324064947
Our Civilization Has a Problem. It’s Called “The Economy”
It’s not just an Extinction Summer — it’s also becoming a Hot Strike Summer. Around the world, discontent is growing — and strikes are rising. And these two things are related. Let’s discuss it —…
Neoliberalism Needs To Go – Second ThoughtSUBSCRIBE HERE: http://bit.ly/2nFsvTSNew video every other Monday!If you appreciate our work, you can support the c...
The Liberalism to Fascism Pipeline (Neoliberalism Explained)
The term "Neoliberalism" is often used in political discourse, but rarely is its rise to prominence examined. In this video, we will do just that. We will lo...
Sabine is Wrong Again: Capitalism Would've Killed Penicillin
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How Gen Z is doomed to own nothing, but pay forever
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PODCAST ||
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TIME STAMPS
00:00 - intro
01:59 - the subscription economy
09:22 - Pair Eyewear
11:16 - the ownership facade
21:23 - buy now, pay later
27:42 - the generation of debt
33:46 - a future with no personal wealth
38:57 - final thoughts
REFERENCES & RESOURCES
The End of Ownership: Personal Property in the Digital Economy - https://amzn.to/3PQEixP
The Average Consumer Pays Nearly $1,000 a Year for Subscriptions — What Do You Pay? - https://finance.yahoo.com/news/average-consumer-pays-nearly-1-190009547.html
BMW drops plan to charge a monthly fee for heated seats - https://www.theverge.com/2023/9/7/23863258/bmw-cancel-heated-seat-subscription-microtransaction
John Deere faces U.S. lawsuit over farmers' ability to repair tractors - https://www.npr.org/2025/01/15/nx-s1-5260895/john-deere-ftc-lawsuit-right-to-repair-tractors
The erosion of personal ownership - https://www.vox.com/the-goods/22387601/smart-fridge-car-personal-ownership-internet-things
My Printer Is Extorting Me - https://www.theatlantic.com/technology/archive/2023/02/home-printer-digital-rights-management-hp-instant-ink-subscription/672913/
27 Buy Now, Pay Later Statistics - https://explodingtopics.com/blog/bnpl-stats
2024 Buy Now, Pay Later Trends Study - https://www.fool.com/money/research/buy-now-pay-later-statistics/
The Downsides of Using ‘Buy Now, Pay Later’ - https://www.nytimes.com/2022/12/29/your-money/buy-now-pay-later-loans.html
Liberty Street Economics - https://libertystreeteconomics.newyorkfed.org/2023/09/who-uses-buy-now-pay-later/#:~:text=While%20lower%20income%20individuals%20are,more%20likely%20to%20use%20it
Millennials had it bad financially, but Gen Z may have it worse - https://www.washingtonpost.com/business/2024/06/22/gen-z-millennials-debt-inflation/
How Does Gen Z Student Debt Compare with Millennials’? - https://www.stlouisfed.org/on-the-economy/2022/aug/how-does-gen-z-student-debt-compare-millennials
The cost of living has led us into record debt. What does that mean for Canadians? - https://thehub.ca/2024/01/30/mark-hill-the-cost-of-living-has-led-us-into-record-debt-what-does-that-mean-for-canadians/
The average millennial will spend over $200,000 on rent before buying a house — but Gen Z will spend even more - https://www.businessinsider.com/how-much-millennials-gen-z-renters-spend-expensive-cities-2018-5
The Biggest Wealth Transfer In History is Happening Right Now. Are You Ready? - https://medium.com/@moneytent/the-biggest-wealth-transfer-in-history-is-happening-right-now-are-you-ready-1e7e8c9a7104
The 'wealth transfer' from boomers won't save Gen X and millennials - https://www.nbcnews.com/business/consumer/generational-wealth-transfer-baby-boomers-cant-save-gen-x-millennials-rcna128099
Eat Now, Pay Later: Going Into Debt for Food - https://www.nytimes.com/2022/08/29/dining/buy-now-pay-later-loans-groceries.html?searchResultPosition=1
Pay2Play by Gavin Prophet https://open.spotify.com/track/6wynY1nYFTZMcvpnDGrvd1?si=0162975a3609490a
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Freedom Under Capitalism Isn’t All It’s Cracked Up to Be
Libertarians argue that capitalism is superior to socialism because in capitalism anyone is free to do anything — including start a worker cooperative. In truth, capitalism constrains our options, while socialism can liberate us to live as we please.