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“Capital bias” prioritizes wealth over people and the planet. What are the consequences? That question is at the core of “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises”, the new book from Marjorie Kelly. There’s too much financial wealth in our system, she says, yet capitalism encourages us to keep scaling up, building our portfolios and maximizing profits. Like white supremacy, wealth supremacy is both entirely obvious and oddly hidden. But it shows up everywhere, and it’s brought us to a deadly brink. What is to be done? As you’ll hear in the episode, meaningful conversations about wealth supremacy can help us shift away from capitalism and imagine better economic models. Tune in as Marjorie Kelly and Laura Flanders do just that. Marjorie Kelly is a Distinguished Senior Fellow at the Democracy Collaborative and a longtime business observer. Her book is out now via Berrett-Koehler Press.
“. . . Big capital is out there right now buying water rights . . . Communities are saying no . . . water needs to be declared a public trust. You have these two completely different worldviews, which really show us we can have a financialized world or we can have a democratic world . . .” – Marjorie Kelly
“White supremacy and wealth supremacy are entirely entangled and you can’t solve for racial equity without also looking at this wealth inequity. It hits people of color hardest, but it’s hitting all of us, including the planet.” – Marjorie Kelly
- Marjorie Kelly: Distinguished Senior Fellow, The Democracy Collaborative; Author, Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises
Related Episodes, Articles and More
Head to our Patreon for a list of related episodes and articles, plus an action guide for Community Wealth Building in the United States from The Democracy Collaborative. And find more related episodes in our New Economy playlist on YouTube.
“Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises” by Marjorie Kelly Check out the Book
Related Laura Flanders Show Episodes:
• How to Make a Democratic Economy, Watch / Download Podcast
• Decolonizing Wealth Through Indigenous Leadership: Edgar Villanueva, Watch / Download Podcast
Related Articles and Resources:
• Action guide for advancing Community Wealth Building in the United States, by the Democracy Collaborative Read Here – Download
• The Secretive Industry Devouring the U.S. Economy by Rogé Karma, October 30, 2023, The Atlantic Read Here
• Rising Markets Lift Hedge Funds to Huge Gains, by Michael J. de la Merced, January 23, 2024, Read Here
Featured ‘Music in the Middle’ of the Podcast:
“Brooklynville” by Opa from their album Back Home released on Far Out Recordings. Listen & Learn More
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