The Hidden System Controlling Everything | Rupert Russell

Rupert Russell joins me to discuss the hidden power of prices, the chaos of financial markets and whether the economy is really just a global game of Monopoly. Rupert explains how price shocks have shaped history, from bread riots and the Arab Spring to housing, oil, food and the financial crisis. We discuss derivatives, futures markets, commodity speculation, Goldman Sachs, central banks, inflation, asset managers and why the price of essential goods can become politically explosive. We also get into AI, scarcity, status, the future of work, whether the price system breaks in a world of abundance, and why Rupert thinks The Matrix is a better model for our future than Terminator or Ready Player One. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00 - Is the Economy Just a Game? 00:56 - The Horror of Our Economic System 01:39 - Why Prices Shape History 05:15 - The Sandpile Theory of Society 07:38 - How Governments Manipulate Prices 12:00 - Housing and the Broken Social Contract 16:10 - How Derivatives Began 19:36 - Futures, Farmers and Speculators 23:24 - When Insurance Became Gambling 27:02 - The Road to the Financial Crisis 32:18 - Hayek, Friedman and Price Signals 36:20 - How Food Became Financialised 41:23 - What Pushes Food Prices Up? 49:13 - Did Global Markets Break Economics? 54:08 - What Is the Real Price? 1:03:57 - Who Really Runs the Economy? 1:11:28 - The Global Game of Monopoly 1:19:24 - Is the Market Now Correlated to AI? 1:36:14 - AI and the End of Scarcity 1:50:06 - Terminator, Matrix or Ready Player One? - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – [[email protected]](mailto:[email protected]) › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/ CONNECT WITH RUPERT RUSSELL › Website – https://www.rupertrussell.com/ › Price Wars – https://www.hachette.co.uk/titles/rup... › The Last Sacrifice – https://www.anti-worldsreleasing.co.u... SPONSORS › IREN - https://www.iren.com/ › Ledn - https://ledn.io/peter › OneSkin - https://www.oneskin.co/mccormack - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - LISTEN / SUBSCRIBE › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - FILMED BY CURTIS TAYLOR › https://www.curttaylor.co.uk/ › https://x.com/curttayloruk/ EDITED BY CONOR MCCORMACK › https://x.com/ConorM04 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - #RupertRussell #Economics #Finance #Markets #PeterMcCormack