Off the microphones of Steve from Virginia, Monsta666 and RE
Aired on the Doomstead Diner on April 28, 2014
Discuss at the Podcast Table inside the Diner
Fundamentals of Capital Destruction and the Waste Based Economy
After many delays and some false starts, we finally got in some Podcasts with one of my favorite Econ Bloggers, Steve (from Virginia) Ludlum of Economic Undertow.
Steve and I have been hashing out Econ topics both in Undertow and Diner commentary for a few years, not always seeing eye to eye on all topics but in general agreement on the Fundamentals.
I highly recommend Economic Undertow as a source of the best analysis you’ll find for the economic mess we find ourselves in at the moment. His series Debt-o-nomics is a must read for all Kollapsniks.
In Part 1 we look at the basics of the Industrial Economy and the Capital Destruction ongoing for the last few hundred years. We look at many of the misconceptions people have about the nature of Capital and the Productivity of such an Economy.
Part II is a much more free-wheeling discussion, where Steve and I go Mano-a-Mano with differing perceptions of the driving force behind the Carz economy and the construction of the Eisenhower Interstate. Don’t miss that one, it’s a HOOT! 🙂