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Today Trevor sits down for a solo show to talk thru his current views of the writer's strike as well as its possible outcomes.  With a semi-deep dive into wall street to show how it is itself a Panzi scheme to help illustrate the rationale of the executives of studios and streamers and then in part 2 goes all in on how he believes the strike will end and who will benefit and who will be cast aside.

Links mentioned in this episode are:

Age of Easy Money (full documentary) | FRONTLINE - https://www.youtube.com/watch?v=EpMLAQbSYAw&ab_channel=FRONTLINEPBS%7COfficial

Not Vice: https://notvice.com/

SBA Potentially Lost $200 Billion In Covid Pandemic Relief To Fraud And Abuse, Government Watchdog Finds: https://www.forbes.com/sites/anafaguy/2023/06/27/sba-lost-200-billion-in-covid-pandemic-relief-to-fraud-and-abuse-government-watchdog-finds/?sh=7060614275eb

How the Paycheck Protection Program went from good intentions to a huge free-for-all: https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness

'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP: https://www.nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664

This is Part 2 of a two-part episode. Part 1 is free to everyone over at www.patreon.com/posts/86059204.  Become a paid subscriber for $5/month over at patreon.com/champagnesharks and get access to the whole archive of subscriber-only episodes, the Discord voice and chat server for patrons, detailed show notes for certain episodes, and our newsletter.

Co-produced & edited by Aaron C. Schroeder / Pierced Ears Recording Co, Seattle WA (www.piercedearsrec.com). Opening theme composed by T. Beaulieu. Closing theme composed by Dustfingaz (https://www.youtube.com/user/TheRazhu_)

Comments

Champagne Sharks

sorry for the swapped audio, both parts should now be correct - Engineer Aaron :)

Alexa

It’s so funny you bring up the topic of normal people being oblivious of how the bubble economy works. For the last 5 years, I have worked at a company that saw huge growth, right before COVID but certainly during as well. We were contractors to a large tech company that saw its stock shoot up (not engineers, think facilities related work). It was extremely obvious that the department we were working for at this tech company was padding its budget and using us to do so. Some people, including me, were getting crazy raises way above market value. There was not enough work to go around, so people were goofing off half the day. Earlier this year, there were significant layoffs and another vendor took over who is cutting people’s pay and hours. It sucks to see people go through this, but at the same time, it’s like… didn’t you guys realize you were on a do-nothing gravy train? It was bound to end. Fortunately for me, I picked up a new skill during the last year and I was one of the very few people who was retained and I got to keep my salary.

Peter Fishbeast

This was a great one, absolutely brutal, I didn’t fully understand what was going on with the writers strike and industry until this, this was a great article that supports the content of this episode of how fucked streaming is and the wider industry - https://www.vulture.com/2023/06/streaming-industry-netflix-max-disney-hulu-apple-tv-prime-video-peacock-paramount.html

Peter Fishbeast

It’s always fascinating and shocking to learn the true inner workings of the stock market, capitalism, economics etc, so much of it is just mania as you said, vibes, perceptions, emotions, it’s very very irrational and yet we pretend we live in a secular rational ordered society based on logic, facts and reason, it would be so much healthier if we just openly admitted we were doing magical thinking instead of pretending there’s logic behind it Btw T or anyone else, if you want to learn more about magical thinking as a coherent worldview then check out SSOTBME Revised - An Essay on Magic by Lionel Snell, it will lay out the groundwork for a fascinating and totally legitimate way of thinking

TC

Great episode Trevor. I loved what you touched on to wrap everything up regarding how all types of activism have to be intersectional now and how that has been detrimental to anything positive actually getting done. I think the primary reason Bernie didn’t breakthrough in 2019 is exactly this reason. His campaign was completely different than 2016 bc the emphasis was on 20 different pet issues just so one tiny group of activists wouldn’t get upset with him online. In 2015 I started hosting weekly organizing meetings at a local bar to teach people the ins and outs of participating in my state’s delegate selection process and also as a means to try to build something that could last beyond a single presidential cycle. I had experienced political operatives telling me that bringing people together on a weekly basis was a waste of time when I should just make a single YouTube video. Just another great aspect of living in a real life hall of mirrors where everything is distorted for clicks and dopamine hits.

Jess

I don't think the writers or actors are about to get an especially great deal but I think the studios and their executives might not survive this. Not in a "and then everybody lived in the gay luxury Communist co op paradise" way, but tech has the most cash and they can just buy up the studios and cut out the middlemen. We still need actors and writers to make content but why not just let the tech guys play movie mogul directly? Do we really need another generation of Igers and Zaslavs?

Mr. Lobotomy

These workers that believe in the benevolence of a corporation are ridiculous.

Mr. Lobotomy

To me, the presence of so much content makes it seem like there's no content sometimes.

Matthew R Hanson

I’m a “good leftist” that believes in unions and all but I think your take about this is spot on. Ben Thompson (a biz analyst who writes about tech @ Stratechery.com) made the excellent point that the unions and Studio execs need to band together bc their common enemy is all the stuff on the internet you can do instead of streaming shows. Also, just like T mentioned, even if the studios/streamers revealed there numbers: all these “culturally elite” writers & actors are going to realize nobody is actually watching their shows (except for their handful of Twitter stans). https://stratechery.com/2023/hollywood-on-strike/