EPISODE 5: Never Waste a Crisis, Why Dictators love a Pandemic with Mark W. Yusko
BlockSpeak 5 is an important contribution to the current debate about the health and economic crisis facing our world in the time of Covid-19 and plague.
As the pandemic approaches its peak in the countries that were first affected, Mark Yushko, the founder of Morgan Creek Capital, a $2 billion hedge fund, emerges as a champion of freedom from the settlement of capital.
Yushko, a long-term fan of British culture who believes ‘his IQ goes up 40 points’ every time he has a conversation with an English person, takes his sword to tyrants who often use a crisis to disguise their actions and distract the populace.
Going deeply into the history of democracy, Yushko begins from the 2008 financial crisis, but also explains how world wars are a key driver of capitalism and the military-industrial complex. He also spells out in very clear language, the danger of Donald Trump, not only to America, but to the rest of the world.
Setting a scene in which he says it is clear that Trump is currently obfuscating the American people in a bid to cancel this year’s November election and stay in power without being re-elected, Yushko also has consoling words.
These lay out the American constitution and the interregnum between the US election in November and the inauguration in January, 2021. This makes it impossible for Trump to stay in power unless the law of the country is changed.
This is powerful stuff from the founder of a multi-billion dollar hedge fund who would ordinarily prosper from a regime such as Trump’s and is an excellent counterweight to those who would say that US capitalists are all cut from the same cloth.
Somewhat different in tone and politics to the previous four episodes in BlockSpeak, this conversation is enlightening in tone and knowledge of the US constitution and the conflicts to come.
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