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Jacobin's Nicole Aschoff on 'The New Prophets of Capital'

Jacobin's Nicole Aschoff on 'The New Prophets of Capital'

Released Thursday, 9th July 2015
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Jacobin's Nicole Aschoff on 'The New Prophets of Capital'

Jacobin's Nicole Aschoff on 'The New Prophets of Capital'

Jacobin's Nicole Aschoff on 'The New Prophets of Capital'

Jacobin's Nicole Aschoff on 'The New Prophets of Capital'

Thursday, 9th July 2015
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KGNU's Claudia Cragg (@KGNUClaudia) speaks here with Nicole Aschoff, an Editor at Jacobin (@jacobinmag), on how severe environmental degradation, breathtaking inequality, and increasing alienation are pushing capitalism against its own contradictions. Myth making, says Aschoff, has become as central to sustaining our economy as profit-making. But, going forward, that need not necessarily be the case. As outlined in Aschoff's new book, there are 'The New Prophets of Capital': Sheryl Sandberg (c.f. Yahoo) touting the capitalist work ethic as the antidote to gender inequality; John Mackey (c.f. Whole Foods) promising that free markets will heal the planet; Oprah Winfrey urging us to find solutions to poverty and alienation within ourselves; and Bill and Melinda Gates offering the generosity of the 1 percent as the answer to a persistent, systemic inequality. The new prophets of capital buttress an exploitative system, even as the cracks grow more visible.
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