Episodes

  • Patreon Preview – 404. The Parasites that Control Pharmaceutical Prices

    Patreon Preview – 404. The Parasites that Control Pharmaceutical Prices
    May 7 2025
    We take a deep dive into the lesser-known industry of “pharmacy benefits managers” (PBMs) which are parasitical companies that sit in the middle of the incredibly consolidated and vertically integrated market of pharmaceuticals <=> hospitals <=> insurers <=> pharmacy benefits managers <=> pharmacies. Through the simple administrative business of making lists of drugs and networks of pharmacies, PBMs have managed to carve out a multi-billion dollar rent-seeking industry premised on controlling (and jacking up) how much drugs cost and where you can get them—and extracting as much money as possible from people who need those drugs. ••• Timeline of FTC lawsuit against PBMs and relevant documents: https://www.ftc.gov/legal-library/browse/cases-proceedings/221-0114-caremark-rx-zinc-health-services-et-al-matter-insulin ••• Concurring Statement of Commissioner Andrew N. Ferguson https://www.ftc.gov/system/files/ftc_gov/pdf/Ferguson-Statement-Pharmacy-Benefit-Managers-Report.pdf ••• Market Power and Inequality: The Antitrust Counterrevolution and Its Discontents | Lina Khan and Sandeep Vaheesan https://scholarship.law.columbia.edu/faculty_scholarship/2790/ ••• Inside the Mafia of Pharma Pricing | Matt Stoller https://www.thebignewsletter.com/p/inside-the-mafia-of-pharma-pricing ••• A brief look at current debates about pharmacy benefit managers https://www.brookings.edu/articles/a-brief-look-at-current-debates-about-pharmacy-benefit-managers/ Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    8 mins
  • 403. Perpetual Slop Machine

    403. Perpetual Slop Machine
    Apr 29 2025
    It’s slop world, baby! We get into how the internet has become choked by artificial intelligence systems focused on the endless production, circulation, and consumption of slop and shit. This is driven by the continual capture and recapture of deep fried forms of value, instead of actually producing anything new or useful. This leads to an internet that is hostile to human existence—where people are unwelcomed and unnecessary. We trace the degradation of the internet from information superhighway to hostile architecture to abandoned infrastructure. ••• Welcome to slop world: how the hostile internet is driving us crazy https://www.ft.com/content/5d06bbb4-0034-493b-8b0d-5c0ab74bedef ••• AI hype is drowning in slopaganda https://www.ft.com/content/24218775-57b1-4e9f-ba64-266a3239cf27 Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    1 hr and 23 mins
  • Patreon Preview – 402. Crypto Empire of the Sons

    Patreon Preview – 402. Crypto Empire of the Sons
    Apr 24 2025
    We return to an old enemy of the show by discussing the latest developments in the crypto industry. We trace how crypto has evolved from a grift largely focused on defrauding retail investors into a grift now focused on creating financial infrastructure to facilitate very direct and obvious forms of political influence peddling. Of course, the Greater Idiot Theory still holds as many investors still think that bitcoin is a hedge against the stock market and a reservere of stable value in a volatile economy, but the crypto industry is now driven by the needs of the greatest idiots of them all: Donald J. Trump and Family. Also, here are links for the pictures we were joking about in the beginning: https://x.com/captgouda24/status/1913254322864894178 and https://x.com/luke_d_ismas/status/1913406583188369497 ••• Crypto Crime is Legal | Molly White https://www.citationneeded.news/issue-81/ ••• Trump’s Newest Grift: Building a Cryptocurrency Empire While Destroying its Regulators | Molly White https://www.citationneeded.news/trump-crypto-empire/ ••• TMK in the New Yorker https://www.newyorker.com/magazine/2025/04/21/how-to-survive-the-ai-revolution Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    10 mins
  • 401. Ruled by Bastards (ft. Quinn Slobodian)

    401. Ruled by Bastards (ft. Quinn Slobodian)
    Apr 14 2025
    We are joined by yet another TMK favorite, Quinn Slobodian, who is author of Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right. We discuss Quinn’s analysis of “new fusionism” or a mutant strain of neoliberalism that crystallized in the 1990s, which sought to ground and defend neoliberal policies through their own bastardization of biological sciences — cognitive, behavioral, evolutionary, genetic, and so on. They then used scientism to justify and propagate political ideas and economic models based on hardwired human nature and hierarchical differences between races, cultures, and intelligence. The fringes of the 1990s have now become the mainstream of the 2020s. ••• Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right | Quinn Slobodian https://press.princeton.edu/books/hardcover/9781890951917/hayeks-bastards Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    1 hr and 13 mins
  • 400. Well, Somebody Has to Do Something! (ft. Malcolm Harris)

    400. Well, Somebody Has to Do Something! (ft. Malcolm Harris)
    Apr 1 2025
    We have a big chat with Malcolm Harris about his new book — What’s Left: Three Paths Through the Planetary Crisis — which takes seriously the fact that “the whole total world is in crisis” and then seriously advances three different ways to understand, confront, and overcome these disastrous conditions. We walk through the pathways that Malcolm stakes out — marketcraft, public power, and communism — and use the bland discourse around Abundance as a foil for the far more incisive analysis he lays out in What’s Left. ••• What’s Left: Three Paths Through the Planetary Crisis | Malcolm Harris https://www.hachettebookgroup.com/titles/malcolm-harris/whats-left/9780316577434/ ••• Malcolm’s book tour https://linktr.ee/WhatsLeftTour ••• Malcolm’s review of Abundance https://thebaffler.com/latest/whats-the-matter-with-abundance-harris Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    1 hr and 49 mins
  • Patreon Preview – 399. The Business of Management (ft. Katie Wells)

    Patreon Preview – 399. The Business of Management (ft. Katie Wells)
    Mar 25 2025
    We are joined by Katie Wells — Director of Research at Groundwork Collaborative — to discuss her new report with the Fairwork Project which examines the current labor conditions in the gig platform market in the US. We chat about how core features of the broader economy are becoming extremely abnormal — prices are no longer fixed and standard, income is piecemeal and unstable, people can use short-term credit to buy their fast food dinner, platform services are integrating with and replacing government services. The abnormalities keep piling up until they become the new normal. Plus we draw connections between the managerial techniques of platform companies and private equity firms. ••• Fairwork US Ratings 2025: When AI Eats the Manager https://fair.work/en/fw/publications/fairwork-us-ratings-2025/ Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    6 mins
  • 398. The Treacherous Eunuch

    398. The Treacherous Eunuch
    Mar 18 2025
    We try to figure out what the fuck is happening in the US as we chat about the low rent car commercial at the White House, the human shields of cops protecting Tesla dealerships, how Musk has become (by his own actions) a scapegoat for the public’s hatred, and the ongoing disintegration of social bonds and moral solidarity under a fascist regime. Plus a new data analysis system called ShadowDragon that is supercharging the surveillance capabilities of ICE, DEA, DoS, and more. We endeavor to analyze the abyss, organize against the abyss, but not get caught staring into the abyss. ••• Stalled Audits and a Skeleton Staff: Inside Trump’s War on the I.R.S. https://www.nytimes.com/2025/03/10/us/politics/irs-taxes-trump-musk-federal-workers.html ••• The Abduction of Mahmoud Khalil https://www.unpopularfront.news/p/the-abduction-of-mahmoud-khalil ••• Yale Suspends Scholar After A.I.-Powered News Site Accuses Her of Terrorist Link https://www.nytimes.com/2025/03/12/us/yale-suspends-scholar-terrorism.html ••• The 200+ Sites an ICE Surveillance Contractor is Monitoring https://www.404media.co/the-200-sites-an-ice-surveillance-contractor-is-monitoring/ Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    1 hr and 11 mins
  • Patreon Preview – 397. The Silicon Valley Consensus

    Patreon Preview – 397. The Silicon Valley Consensus
    Mar 11 2025
    We dig into a grand theory that Ed is building through a series of essays on the AI industry and the Silicon Valley Consensus, or how “a bunch of independent profit-seeking actors have converged on sustaining a certain technology through a frenzy of overbuilding, overvaluing, and overinvesting in order to realize excessive gains that can be translated into political power aimed at restructuring society.” ••• The Silicon Valley Consensus & AI Capex (Part 1) https://thetechbubble.substack.com/p/the-silicon-valley-consensus-and Standing Plugs: ••• Order Jathan’s new book: https://www.ucpress.edu/book/9780520398078/the-mechanic-and-the-luddite ••• Subscribe to Ed’s substack: https://substack.com/@thetechbubble ••• Subscribe to TMK on patreon for premium episodes: https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (bsky.app/profile/jathansadowski.com) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (bsky.app/profile/jebr.bsky.social)
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    4 mins