6 days ago
797: Fear and Loaning Shows
- Scholars Jack Tchen and Dylan Yeats survey the West’s (ongoing!) history of anti-Asian racism.
- Trade expert Anuradha Mittal reveals the World Bank’s newest cash crop – dirt poor farmers.
- Writer Nomi Prins follows the monied as they influence every American president for the past century.
- Defense lawyer Tom Durkin reacts to Friday’s sentencing of the NATO 3.
- Dan Litchfield explains why getting clean energy in Ohio is nothing like the Bataan Death March, except to Ohio politicians.
Jack Tchen: “Jack London, the socialist, and many on the left were saying ‘this is a white man’s country and we should have the dignity of white man’s labor,’ so it’s more complicated than simply capitalism or racism. They were imagining a racial capitalism.”
Dylan Yeats: “The fostering of racism is a way to placate and mobilize whites to participate in a system that doesn’t necessarily benefit them.”
Asian immigrants have had a long, proud history in America. Anti-asian racism has had a less proud, but probably exactly as long, history here as well. Jack Tchen and Dylan Yates complied material evidence of that history in their book Yellow Peril!: An Archive of Anti-Asian Fear, which is being launched Monday night at University of Chicago’s Seminary Co-Op bookstore.
Jack and Dylan drop by the studio to talk about the economic fears and moral desires that triggered America’s racist past and continue to shape our present policies.
John Kuo Wei Tchen is a professor at New York University and the author of New York Before Chinatown. Dylan Yeats is a doctoral candidate at New York University.
Anuradha Mittal: “When suddenly farmers are told what to grow and the prices are dictated by the guy who is going to buy the crops… They all put them in some kind of servitude and take away what was honorable about agriculture”
The World Bank is like a bank, for the world. That must have sounded so much more optimistic in 1944, but 70 years of post-colonial high financing has done uncountable damage to the developing world. Well, probably not uncountable since they are bankers.
The Oakland Institute has been keeping track of the damage in their new report Willful Blindness: How the World Bank’s ‘Doing Business Rankings’ Impoverish Smallholder Farmers. Oakland Institute’s Anuradha Mittal calls in to explain how global finance groups like the World Bank, USAID and Gates Foundation leverage poverty and instability to usurp tradition and sustainability.
Anuradha Mittal is founder and executive director of the Oakland Institute, and serves on the board and advisory committees of several nonprofit organizations including the Right Livelihood Award (also known as the Alternative Nobel Prize) and the International Forum on Globalization.
Nomi Prins: “If Jeb Bush is running, he’s gonna have the Bank of America / Merril Lynch constellation that the Bushes have enjoyed for very many decades, and when Hillary runs, she will have the benefit of the Goldman Sachs / JP Morgan Chase contingent that was very instrumental in putting forth Clinton and Obama.”
Banks might be too big to fail, but they’re not too big to fit through the doors to the White House. American presidents and Wall Street executives have enjoyed a cozy relationship for the past century – from the creation of the Federal Reserve through the bailout boom of the modern financial crisis – currying favor and influencing policy away from the public view.
Nomi Prins has taken a long look at that relationship in her new book All the Presidents’ Bankers: The Hidden Alliances that Drive American Power. She calls in to explore the bonds of money and favor between presidents and financiers, explains why our leaders surrendered control of the American economy, and warns that the people who could take back power from the banks are already on their payrolls.
Nomi Prins is a journalist and author. Prior to becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, and worked as a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. Nomi is a Senior Fellow at the non-partisan public policy thinktank, Demos.
Tom Durkin: “If anybody thinks the $27.1 million that got spent on creating the security apparatus for NATO is going to be just put away and not used again, I think you’re wrong.”
On Friday the NATO 3 – Brian Church, Jared Chase and Brent Betterly – were sentenced to multiple years in prison for getting drunk and bullshitting about bombing stuff to undercover cops. They were brought up on terror charges, beat them, and were found guilty on possession of an incendiary device and mob action.
The day after the sentencing, Thomas Durkin, attorney for Jared Chase, calls in to This is Hell! to discuss what the NATO 3 case means for dissent, protest and justice in the United States. It’s not as bad as it could have been, but it’s still pretty bad.
Thomas Durkin is a trial lawyer at Durkin & Roberts. He and his firm have represented Guantanamo detainees, for which he was awarded the Constitutional Rights Foundation Chicago’s Bill of Rights in Action Award.
Dan Litchfield: “Part of it is culture war. Part of it is the monied backers, generally fossil fuel companies and major utilities. This is a threat to their business”
It will get way easier to build wind farms in Ohio once oil companies figure out how to privatize wind. Until then, Dan Litchfield has his work cut out for him. On his side is public opinion, job creation, a newspaper, a handful of Republicans(?!), energy independence and not actually polluting. One the other side: a tiny amount of people making a ton of money. So it’s gonna be a long fight. Good thing we can’t run out of wind.
Dan Litchfield is a senior project developer for a major international renewable energy company, and the views represented on the show are Dan’s alone obviously. For the past six years, Dan has led the development of utility scale wind farms. When not working or jabbering on This is Hell! about cars or energy, he is spending time with his family with two young children and a dog, riding a bike, and/or homebrewing beer.