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In this very special episode, Luke talks to Academy Award-winning filmmaker Alex Gibney (Taxi to the Dark Side, Enron: The Smartest Guys in the Room, and many others) and investigative journalist David Sirota to discuss their new podcast series Meltdown. The series looks back on the 2008 financial crisis and mounts the case that the institutional response from Democrats still haunt politics today, and represents a skeleton key to understanding the current moment. NOTE: this conversation was recorded before this week's US elections, but has much to say about the results.

"Obama’s Failure to Adequately Respond to the 2008 Crisis Still Haunts American Politics" by Luke Savage - https://www.jacobinmag.com/2021/10/meltdown-gibney-sirota-podcast-obama-2008-financial-crisis

Check out "Meltdown" on Audible - https://audible.com/pd/The-Meltdown-Podcast

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Comments

Dylan Kahn

The zither irony hath not been lost!

Dee Gee

On the point of memory-holing the financial collapse, I think part of the reason is that it was traumatic to realize just how little control we have over our fates. In a way, it's easier to pretend the whole thing never happened. I finished college right before things went to shit. I have friends who bumbled their way into super cheap houses (mine was abandoned by a flipper), and other friends who've had their careers permanently derailed. A bunch of stupid arbritrary factors have rewritten all of our lives, with no sense of anyone getting what they "deserve". That's a distressing thing to contemplate, and I have a hard time engaging most of my friends about it without hewing to their existing political loyalties.

John

I feel like we’re a slower version of 1990s Russia; American ruling class just looting the place and leaving us more and more destitute.