Can Higher Interest Rates Tame Big Tech And Inflation? w/ Grace Blakeley

Paris Marx is joined by Grace Blakeley to discuss how low interest rates and quantitative easing fueled the tech economy’s post-recession growth, why raising them won’t fix the problems that’s created, and whether higher interest rates are the solution to rising inflation.

Grace Blakeley is a staff writer at Tribune Magazine and host of A World to Win. She’s also the author of Stolen: How to Save the World from Financialisation and The Corona Crash: How the Pandemic Will Change Capitalism. Follow Grace on Twitter at @graceblakeley.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.

Find out more about Harbinger Media Network at harbingermedianetwork.com.

Also mentioned in this episode:

• Grace wrote about how interest rate hikes are used against workers • , what we should learn from the Gamestop short squeeze • , and how the pandemic has produced closer links between the state and major corporations • . • Benjamin Braun and Adrienne Buller explained the concept of asset manager capitalism • . • In the face of rising inflation, NFT values are down 48% since November • . • High energy prices tend to drive inflation • , and Russia and Ukraine are major wheat exporters • . • In the UK, wages are falling • at the fastest rate since 2014. In the US, wages are falling when accounting for inflation • , after decades of wage stagnation • .

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