Money on the Left

‘The Descent of Money: Literature, Inheritance, and Trust in Edith Wharton’s The House of Mirth (1905) and John Galsworthy’s The Man of Property (1906)’

Rob Hawkes' paper argues that Edith Wharton’s The House of Mirth (1905) and John Galsworthy’s The Man of Property (1906) foreground, interrogate and enact questions of trust, both in their engagements with and departures from literary realism/naturalism and in their preoccupations with the value and power of money. Wharton’s novel is saturated with the language of costs, payments, investments, and debts, while the first of Galsworthy’s Forsyte novels presents ‘Forsyteism’ as an inescapable set of hereditary traits. Both texts, furthermore, implicitly associate money with nature and imagine a ‘sense of property’ as inherited in more ways than one, whilst simultaneously offering glimpses of a different understanding of money altogether: one that reveals surprising connections between literature, money, and trust.

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Money on the Left is joined in conversation with curator Emily Ebba Reynolds & artist Nando Alvarez-Perez, co-founders of the Buffalo Institute for Contemporary Art, or BICA, in Buffalo, New York.

BICA is a new and distinctly heterodox arts organization, offering physical space for artist shows and educational seminars, as well as fiscal space for provisioning micro-grants to local artists. In 2018 Emily & Nando founded BICA, in their words, in order to “reframe contemporary art around issues of regional community, create a plurality of art worlds, and reconceive art as a practical tool which can be used to reshape the world around it.” Along this journey of re-conception, reframing, and reshaping, they’ve confronted and engaged creatively with the “money” question in its numerous and challenging forms. We talk about these as well as get Nando’s and Emily’s take on why a “jobs guarantee” is something artists should fight for.

Learn more about BICA (and discover ways to support the project) at THEBICA.org. 

Special Thanks to Nando for lending his artwork titled, Primary Document 08262022a, for our monthly episode art. Scroll below the transcript for a full view of Nando’s piece. See if you can spot the reference to the Money on the Left crew! 

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Music by Nahneen Kula: www.nahneenkula.com

Charlotte and Naty continue their discussion of abortion and reproductive justice internationally in the wake of the repeal of Roe v Wade in this much delayed second segment of three. 

Topics include : vegetables souls, the AMA, the progressive era, 70s Australia, the Bruenigs, dirtbag left media, Joe Biden, the democrats, Dorothy Roberts, New Zealand, disobedience, community and care, doulas, travel, Judge Dredd, decriminilization, insect graveyards, eugenics, American exceptionalism, Japan, Margaret Sanger, data surveillance, Guttmacher union, Catholicism, the green tide in Latin America, doctors, Roe v wade, state laws, Margaret Sanger, Clarence Thomas, the supreme court, as well as orgs to donate to.

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Music: “Yum” from “This Would Be Funny If It Were Happening To Anyone But Me” EP by flirting.
http://flirtingfullstop.bandcamp.com
Twitter: @actualflirtin

Cohosts Charlotte Tavan (@moltopopulare) and Will Beaman (@agoingaccount) discuss the reflexive and imaginative political economy of Nathan Fielder's HBO series, The Rehearsal. The show points towards an apophatic ethics of social provisioning, presenting an ambiguous portrait of care, production, and human agency. This portrait remains irreducibly and collective, in excess of the powers and intentions that constitute social belonging.

Money on the Left is joined by Ben Tarnoff—tech worker, writer, and cofounder of Logic Magazine—about his book Internet for the People: The Fight for Our Digital Future (Verso Books, 2022). In his book, Tarnoff provides a comprehensive history and a critical topology of this thing we have come to know, love, hate, swear off, get on, and grow bored of: the Internet. Throughout our conversation, Tarnoff displaces the haphazard history of the Internet that circulates often-unquestioned in our foggy collective memories, helping us to see more clearly how the Internet came to be “so broken.” Tarnoff refuses to accept privatization or the profit motive as given or inevitable. Instead, he evaluates the history of privatization and profiteering from the perspective of public provisioning. He does so, moreover, in order to advocate for heterogeneous public alternatives and cooperative futures. Ultimately, Tarnoff fashions a vision for the future of the Internet as a de-privatized, public space for collective flourishing, which is to say, an “Internet for the People.”

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Music by Nahneen Kula: www.nahneenkula.com

Benjamin Wilson and Scott Ferguson join guest-host Jakob Feinig to discuss their forthcoming article about Money on the Left’s “uni” project to democratize university finance. Titled “Stop Trying to Find the Money–Create It!,” the article argues that the Public Banking Act can empower universities to issue new forms of public money that serve democratic communities and repudiate austerity. The text will appear mid-October 2022 in the American Association of University Professors’ publication Academe Magazine as part of a special issue edited by Scholars for a New Deal for Higher Education. In this conversation, Ben and Scott recount the evolution of the uni project from its original politicization of emergency Federal Reserve facilities early in the Covid-19 pandemic to its most recent iteration joining bottom up learning-by-doing with top-down federal legislation. Along the way, the conversation turns toward the project’s commitments to democratic pedagogy through participation, the need to recognize universities as powerful economic provisioners and anchors, and the uni’s role in challenging the current dollar system from within.  

*Special thanks to Scholars for a New Deal for Higher Education for inviting Money on the Left to collaborate and for inviting us to contribute to their issue for Academe Magazine. 

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Music by Nahneen Kula: www.nahneenkula.com

Will Beaman (@agoingaccount) is joined by Erica Robles-Anderson  (@fstflofscholars) for an examination of the Biden Administration’s public communications around student debt relief. If Trump-era communication was characterized by direct broadcasts from the Tweeter-in-Chief, this new style uses public policy to strategically hail online discussion. Erica and Will read "This You?" debtor discourse as an example of how political media forms can be suited to coalitional, democratic politics.

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Music: “Lilac” from “This Would Be Funny If It Were Happening To Anyone But Me” EP by flirting.
http://flirtingfullstop.bandcamp.com
Twitter: @actualflirting

Frederic Heine joins Money on the Left to discuss his recent essay, “Performing Hard Money: Monetary Policy, Metaphor and Masculinity in the Making of EMU,” published this summer in the Journal of Cultural Economy. Heine is a university assistant at the Institute for Women’s and Gender Studies at Johannes Kepler University, Linz. In his essay, Heine analyzes the cluster of masculine metaphors that ground  and mobilize the European Monetary Union’s hard-line opposition to soft money politics. At the time of this episode’s publishing in early September 2022, what Heine classifies as the masculine performative agency of EMU leaders can be seen all over Europe, with Macron decrying the end of abundance and the ECB signaling a coming period of sacrifice across the Eurozone. We speak with Heine about this essay as well as his broader inquiry into the intersections of gender, global finance, and political economy.

See Frederic Heine’s essay here.

Visit our Patreon page here: https://www.patreon.com/MoLsuperstructure

Music by Nahneen Kula: www.nahneenkula.com

For this special episode of Superstructure,  cohosts Will Beaman (@agoingaccount) and Andrés Bernal (@andresintheory) are joined by Jonathan Wilson (@DeficitOwl24601) to discuss his new white paper, "Proposal for a Local Currency Issued by the City of Austin," which proposes a complementary currency for the city of Austin called Austin Credits.

Jonathan's proposal contributes to a developing conversation in the Austin City Council, which was tasked by recent legislation with exploring possibilities for new public banking and payments structures by a resolution. The conversation delves into the proposal's legal design and implementation strategy, while also contextualizing its political meaning and stakes for progressive politics. 

Read the white paper here: https://moneyontheleft.org/2022/08/11/austin-credits-with-jonathan-wilson-white-paper-and-podcast-interview/

Money on the Left is thrilled to release English and Spanish transcripts from our Superstructure podcast with with Daniel Rojas Medellin (@DanielRMed), now Coordinator of newly inaugurated President Gustavo Petro's ’s transition team (@petrogustavo), and Mexican economist Jesús Reséndiz Silva (@Tlacuachito). In the episode, co-hosts Andrés Bernal (@andresintheory) & Naty Smith (@orangeasm) speak with Medellin and Silva about  what it means to think beyond economic orthodoxies in Latin America.

Click here for the new English and Spanish transcripts. The episode was transcribed and translated by Natalie Smith.

This episode was published originally in May 2021. 

Link to our Patreon: https://www.patreon.com/MoLsuperstructure

Music: “Yum” from “This Would Be Funny If It Were Happening To Anyone But Me” EP by flirting.
http://flirtingfullstop.bandcamp.com
Twitter: @actualflirting