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As we commemorate the 15th anniversary of the 2008 financial crisis, we explore the urgent questions surrounding the extractive nature of capitalism and its impact on democracy and economic inequality. What are the consequences of “capital bias”, an economic and social system that prioritizes wealth and the wealthy at the expense of manufacturing, people and the planet? And in what ways is “wealth supremacy” as deadly as white male supremacy — and every other kind? In this episode, we sit down with Marjorie Kelly, author of the newly-released book “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today’s Crises”, and Edgar Villanueva, a member of the Lumbee people and Founder of the Decolonizing Wealth Project. We urgently need a spiritual revolution — could Indigenous perspectives offer alternative ways of thinking about wealth and community? All that, plus an update from Laura on a special collaboration between the Laura Flanders Show and the Bioneers: Revolution from the Heart of Nature podcast.
“. . . 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 show us we can have a financialized world or we can have a democratic world . . .” - Marjorie Kelly
“. . . Capitalism was completely founded upon the enslavement of Black people in this country. That is the blueprint for our economy. I don't know how to take racism and harm out of that existing system without completely imagining a new system . . .” - Edgar Villanueva
👥 Today’s Guests
1️⃣ Marjorie Kelly
Marjorie Kelly is a Distinguished Senior Fellow at The Democracy Collaborative, a nonprofit organization dedicated to creating a more democratic economy. She is a leading theorist in democratic economies, focusing on next-generation enterprise and place-based impact investing. Her latest book, "Wealth Supremacy," builds on her previous work to launch an urgent conversation about the destructive nature of wealth accumulation and its role in economic inequality. Marjorie's earlier book, "The Divine Right of Capital," was a seminal work that inspired the creation of the B Corporation movement and was named one of Library Journal’s 10 Best Business Books of 2001.
2️⃣ Edgar Villanueva
Edgar Villanueva (Lumbee) is an award-winning author, activist, and expert on issues of race, wealth, and philanthropy. He leads the Decolonizing Wealth Project and Liberated Capital, which recently announced a five-year, $20 million commitment to advance reparations for Black people in America. Edgar wrote the forward for Marjorie Kelly's book "Wealth Supremacy" and is also the author of the bestselling book "Decolonizing Wealth." His work focuses on dismantling traditional philanthropic structures that perpetuate inequality and advocating for a more equitable distribution of wealth, and addressing the problem of economic inequality.
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Additional footage from "Regenerative Farming: Tackling Racism with Rice", special thanks to: Christiane Gude, Director of Photography
📺 RELATED EPISODES:
How to Make a Democratic Economy - [ Ссылка ]
Decolonizing Wealth Through Indigenous Leadership: Edgar Villanueva - [ Ссылка ]
📚 Check out our Book of the Week on BOOKSHOP*: “Wealth Supremacy: How the Extractive Economy and the Biased Rules of Capitalism Drive Today's Crises” by Marjorie Kelly: [ Ссылка ]
(*The LF Show is an affiliate of bookshop.org and will receive a small commission if you click through and make a purchase.)
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00:00 – Intro
02:16 – Wealth Supremacy and Decolonizing Wealth
11:22 – Decolonized Wealth Project, Community Ownership
15:58 – Democratizing the Economy, Collaborative Asset Management
19:59 – Healing, Story of the Future
23:50 – Laura’s Commentary
