#27- Choking On Credit: The End of Capitalism with Fabio Vighi

In episode 27 we are joined by Professor of Critical Studies and Italian Fabio Vighi to discuss the current shifts taking place in both the global monetary order and also in general, in terms of the Western epoch of civilization. Fabio reveals to us his ideas on what he terms 'crisis capitalism', which to use Fabio's own words is the idea that 'today’s capitalism no longer needs crises to enhance its capacity for growth; rather, it needs them to hide its chronic impotence.'

This is a lively discussion exploring the structural elements of financial and societal collapse. In this Fabio explores why we have arrived at the place we now find ourselves collectively, swimming in debt and choking on credit...and the perils that might be ahead of us yet. This one is both thought provoking and perhaps challenging too, particularly for those of who long for a return to the cowboy capitalist days of old.

Is poses the question is that even possible? Or was it always the case that the economic system we loosely term as 'capitalism' would eventually, and tragically, take us to where we find ourselves right now? Fabio's views, based on his rich understanding of both philosophy and economics (as well as history) certainly makes for compelling listening.

But whether or not you agree or disagree with Fabio or Mike, this one is certain to make you think and hopefully think in a way that will help you prepare for what we all see now as the unavoidable collapse of the debt based ponzi scheme that has come to define the global monetary experiment. To find out more about Fabio and his work I would recommend reading his writings over at the Philosophical Salon (https://thephilosophicalsalon.com/author/fabiovighi/).

Fabio is also a regular guest on Rick Munn's TNT Radio broadcast called 'Locked and Loaded' (https://tntradiolive.podbean.com/category/rick-munn). If you search for his name in the show list a number of discussion will appear which are highly recommended!

EPISODE LINKS:
PART 2 FOR MEMBERS: www.parallelmike.com
MIKE’S INVESTING NEWSLETTER: www.patreon.com/parallelsystems
ROKFIN: www.rokfin.com/parallelsystems