In this episode, Will and AJR Klopp discuss the differences between industrial capitalism and financial capitalism, with a focus on DEI, ESG, "zombie companies," and financial vampirism. They also discuss past financial panics, forced deleveraging, and what that history means for us.

Find Mr. Klopp on X here: https://x.com/ThirteenFathers

Find him on Substack here: https://substack.com/@ajrklopp

Listen to his past interview with Will here: https://www.theamericantribune.news/p/the-yamnaya-and-the-foundation-of