The 2024 fictional film “Civil War” shows an America that has been fractured into armed factions. It’s not the dystopian fantasy that interests us here, however, it’s the collapse of the currency! In the movie, the US dollar has lost its value, like the fate of Confederate money after the (real) US Civil War.  

With his imagination piqued by the film, Steve asked Brett Scott, author and monetary theorist, to help us think about the dynamics of commerce, currency, and systemic forces in times of societal collapse and global capitalism.  

Brett and Steve look at historical cases like Zimbabwe's hyperinflation and Ireland's banking strike. They discuss barter systems, mutual credit, dollarization, and informal credits.  

The conversation delves into broader themes of pre- and post-capitalist markets, moral logics within economies, and the systemic nature of global capitalism. Highlighting the inadequacy of simplistic elite-blaming narratives, they advocate for understanding economic interdependence and discuss Modern Monetary Theory (MMT) as a counter to austerity. 

Brett Scott is an author, journalist, and activist, who explores the intersections between money systems, finance, and digital technology. He’s the author of The Heretics Guide to Global Finance: Hacking the Future of Money. His latest book is Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Find more of his work at https://alteredstatesof.money/ 

brettscott.substack.com 

@Suitpossum on Twitter

After the Collapse with Brett Scott

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From the upcoming album 
DIRTY SELFIE PANORAMA

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Velocity Vows

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https://youtube.com/shorts/5fWU2pSfnRY?si=RbGrIFbSFA2e5Ohn

Macroeconomics has never been so ... delish!  Macro and Cheese explores the progressive movement through the lens of Modern Monetary Theory, with hot and irreverent political takes, spotlights in activism, and the razor sharp musings of Real Progressives Founder and host Steve Grumbine.  The cheese will flow as experts come in for a full, four course deep dive into the hot queso. 

Comfort Food for Thought!

New tracks tagged #post-capitalist