Jamie Merchant, the author of Endgame, joins us to talk about the current chaos. Start with the spectacle and you miss the structure. We step past the daily outrage to map Trumpism as a regime built by a new insurgent fraction of capital—tech oligarchs, private equity, and venture investors—who are eager to smash norms, rewrite rules, and route public money through tariffs, defense contracts, and boutique industrial policy. Their rise squeezes out the old asset-management establishment, pushes it toward the Democrats, and locks the opposition into a politics of “normality” that cannot mobilize the base or contest power.

We trace the media’s role in this shift: a long slide from public-service reporting to algorithmic engagement that rewards emotional spikes and partisan framing. Biden’s term tried to stabilize the system with CHIPS, infrastructure, and managed globalization, but even light-touch AI regulation, the SVB collapse, and worker pushback inside tech drove Valley elites rightward. Meanwhile, the stock market’s euphoria masks a real economy straining under a profitability crisis. AI’s massive data-center build may juice capex and energy demand, but unless it raises productivity broadly, we’re sitting on a bubble that deepens monopoly dynamics without delivering shared growth.

Zooming out, we argue we’re living through a new state-capitalist era with less capacity: the government takes bigger stakes, centralizes power in the executive, and leans on tariffs as revenue, even as planning expertise and administrative muscle erode. The postwar managerial state—Keynesian levers, technocratic confidence, public legitimacy—is gone. That’s why policy-first left populism keeps hitting a wall. Without a living, rooted class subject, electoral surges can’t endure. We sketch a different route: rebuild working-class civil society—mutual aid, cultural institutions, education, and cross-sector networks that bridge immigrants, service workers, industrial remnants, and professionals. Strategy begins where the regime is weakest: in the social substrate it can’t manage or monetize.

Hear candid takes on the investor realignment behind Trumpism, the AI bubble loop, why Democrats are structurally stuck, and how to make organizing matter when the state can’t—or won’t—govern for the whole. If this resonates, share it with a friend, subscribe, and leave a review to help others find the show.

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Musis by Bitterlake, Used with Permission, all rights to Bitterlake

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Crew:
Host: C. Derick Varn
Intro and Outro Music by Bitter Lake.
Intro Video Design: Jason Myles
Art Design: Corn and C. Derick Varn

Links and Social Media:
twitter: @varnvlog
blue sky: @varnvlog.bsky.social
You can find the additional streams on Youtube

Current Patreon at the Sponsor Tier: Jordan Sheldon, Mark J. Matthews, Lindsay Kimbrough, RedWolf, DRV, Kenneth McKee, JY Chan, Matthew Monahan, Parzival, Adriel Mixon, Buddy Roark, Daniel Petrovic,Julian

What if the “techno-feudalism” boom is a symptom of our confusion rather than a diagnosis of the age? We sit down with Alex Hochuli (Bungacast, American Affairs) to interrogate the feudal metaphor and make a sharper case: we’re living through total capitalism’s decay, not a return to lords and serfs. That lens helps make sense of platform tolls, anti-market monopolies, surveillance, and institutional rot without pretending we’ve exited capitalism’s basic relations of production.

We trace why the feudal story resonates—unfreedom feels real—then test it against history. Feudalism meant manorial production, oath-bound sovereignty, and overlapping legal orders; our world runs on consolidated states, global supply chains, and platform intermediaries that convert risk into reliable rents. The better comparison is peripherization: practices once common in the periphery now shape the core, from precarious work to state-enabled accumulation. That shift helps explain why labor leverage has collapsed despite rising public sympathy: dispersed service shops, automated production, and logistics-dependence blunt traditional organizing power.

China enters as Rorschach test: state capitalism, social credit, and surveillance make the feudal label tempting, yet the core logic remains capitalist, steered by growth imperatives and legitimacy management. We explore AI’s forked path—job-displacing windfall or costly stagnation—and why care-economy fixes won’t build a livable future on their own. If everyone secretly wants social democracy back, we ask what could replace the vanished conditions that once made it possible.

The conversation ends with “dark hope.” Drop the costume drama, name the system we have, and fight for a directly political project that builds capacity: housing, grids, industry, and public institutions that actually work. Speak against oligarchy in terms a broad public can hear. If you’re ready to trade clever metaphors for concrete ambition, hit play, share with a friend, and leave a review so more listeners can find the show.

Send us a text

Musis by Bitterlake, Used with Permission, all rights to Bitterlake

Support the show

Crew:
Host: C. Derick Varn
Intro and Outro Music by Bitter Lake.
Intro Video Design: Jason Myles
Art Design: Corn and C. Derick Varn

Links and Social Media:
twitter: @varnvlog
blue sky: @varnvlog.bsky.social
You can find the additional streams on Youtube

Current Patreon at the Sponsor Tier: Jordan Sheldon, Mark J. Matthews, Lindsay Kimbrough, RedWolf, DRV, Kenneth McKee, JY Chan, Matthew Monahan, Parzival, Adriel Mixon, Buddy Roark, Daniel Petrovic,Julian

Politics feels louder than ever and somehow emptier too. We open the hood on liberalism—what it claims to be, how it actually behaves, and why Trump’s rise didn’t just bend norms but exposed tensions baked into the system. With Dillion from Untrodden, we trace the fault lines between liberal commitments to stability and civil discourse and the gravitational pull toward executive power, media spectacle, and anti‑politics.

Step by step, we chart the historical map: from the 18th Brumaire and Bonapartism to today’s illiberal temptations, and why figures like Orban or Berlusconi echo past crises more than they break from them. We ask whether liberalism’s best asset—pragmatic governance—can survive without a clearer core, and whether the left’s sharpest critiques can help rebuild a coherent center of gravity rather than just tear it down. We also examine identity politics’ moral heat with little policy light, the post‑pandemic sorting of temperaments over ideologies, and the unsettling ease with which tech billionaires switch lanes as incentives shift.

Rather than rehearse stale talking points, we get practical about coalitions. What can Marxists and liberals realistically build together? Where do alliance models like the united front make sense, and where do they fail? We argue for a new baseline: mutual recognition, radical honesty, and a shared willingness to protect civil society and institutional checks as nonnegotiables. From unions to city budgets, the places where people shoulder common obligations are where trust can be rebuilt and rhetoric can give way to results.

If you’re tired of vibes posing as politics and want a serious, good‑faith reckoning with liberalism’s crisis and the left’s role in solving it, this conversation is for you. Listen, share with a friend who disagrees with you, and tell us: what principle would you refuse to compromise in any coalition? Subscribe and leave a review to keep these cross‑currents alive.

Send us a text

Musis by Bitterlake, Used with Permission, all rights to Bitterlake

Support the show

Crew:
Host: C. Derick Varn
Intro and Outro Music by Bitter Lake.
Intro Video Design: Jason Myles
Art Design: Corn and C. Derick Varn

Links and Social Media:
twitter: @varnvlog
blue sky: @varnvlog.bsky.social
You can find the additional streams on Youtube

Current Patreon at the Sponsor Tier: Jordan Sheldon, Mark J. Matthews, Lindsay Kimbrough, RedWolf, DRV, Kenneth McKee, JY Chan, Matthew Monahan, Parzival, Adriel Mixon, Buddy Roark, Daniel Petrovic,Julian