Podcasts about global finance hacking

The 2024 fictional film “Civil War” shows an America that has been fractured into armed factions. It's not the dystopian fantasy that interests us here, however, it's the collapse of the currency! In the movie, the US dollar has lost its value, like the fate of Confederate money after the (real) US Civil War. With his imagination piqued by the film, Steve asked Brett Scott, author and monetary theorist, to help us think about the dynamics of commerce, currency, and systemic forces in times of societal collapse and global capitalism. Brett and Steve look at historical cases like Zimbabwe's hyperinflation and Ireland's banking strike. They discuss barter systems, mutual credit, dollarization, and informal credits. The conversation delves into broader themes of pre- and post-capitalist markets, moral logics within economies, and the systemic nature of global capitalism. Highlighting the inadequacy of simplistic elite-blaming narratives, they advocate for understanding economic interdependence and discuss Modern Monetary Theory (MMT) as a counter to austerity. Brett Scott is an author, journalist, and activist, who explores the intersections between money systems, finance, and digital technology. He's the author of The Heretics Guide to Global Finance: Hacking the Future of Money. His latest book is Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Find more of his work at https://alteredstatesof.money/ brettscott.substack.com @Suitpossum on Twitter

On today's show, Shane Healey discusses the latest world conflicts. Later, Brett Scott discusses dangers with current monetary system. GUEST 1 OVERVIEW: Shane Healey is a terrorism and youth justice expert. He's a former Australian Defence Force Special Operations Command intelligence operator, a former Alice Springs resident and an Indigenous man originally from western NSW. GUEST 2 OVERVIEW: Brett Scott is an author, journalist, economic anthropologist and former financial broker exploring the politics of money systems, finance and digital technology. He's the author of “Cloudmoney: Cash, Cards, Crypto and the War for our Wallets” (Penguin & HarperCollins, 2022) and “The Heretic's Guide to Global Finance: Hacking the Future of Money” (Pluto Press, 2013). Brett has a degree in anthropology in South Africa and a Masters in international development at Cambridge University, UK. X: @Suitpossum https://alteredstatesof.money/  

In this episode I talk with Brett Scott, author of The Heretic's Guide to Global Finance and Cloudmoney: Cash, Cards, Crypto and the War for our Wallets. He also runs the substack Altered States of Monetary Consciousness. Brett does a lot of work supporting the protection of physical cash, and I reached out to him about an article he wrote “The War On Informality” which explores the implication of financial surveillance by credit cards and private banks. This is a thought-provoking episode. We explore the Commodity Theory of Money vs Credit Theory of Money, power dynamics, the importance of cash, and more. Brett offers some interesting critiques of certain Bitcoin narratives and provides some alternative frameworks for looking at how money works.  In particular the Credit Theory of Money sent me down some rabbit holes thinking about how money comes into being as a future obligation and how this theory would map on to Bitcoin, which has cemented my thoughts around the critical role of Bitcoin mining and energy use where the underlying Bitcoin and electrical power are both required to be spent to participate in the network (I hope to explore this in future episodes). Please have a listen and make up your own mind. Brett has been involved in the Bitcoin world for a long time and I think his arguments and critiques are worth interrogating. Connect with The Transformation of Value Follow me on twitter at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://x.com/TTOVpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Nostr at: npub1uth29ygt090fe640skhc8l34d9s7xlwj4frxs2esezt7n6d64nwsqcmmmu Or send an email to hello@thetransformationofvalue.com and I will get back to you! Support this show: Bitcoin donation address: bc1qlfcr2v73tntt6wvyp2yu064egvyeery6xtwy8t Lightning donation address: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠codyellingham@getalby.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ PayNym: +steepvoice938 PayNym Code: PM8TJhcUCtSvHe69sod9pzLCBKg6GaogsMDwfGNCnL4HXyduiY9pbLpbn3oEUvuM75EeALxRVV3Mfi6kgWEBsseMki3QphE8aC5QDMNp9pUugqfz1yVc ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Geyser Fund⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ If you send a donation please email or DM me so I can thank you! Links: Brett Scott on X - https://twitter.com/Suitpossum Altered States of Monetary Consciousness (Substack) - https://www.asomo.co/⁠ The Heretic's Guide to Global Finance: Hacking the Future of Money - https://www.goodreads.com/book/show/17368973-the-heretic-s-guide-to-global-finance Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets - https://www.goodreads.com/book/show/59314672-cloudmoney MICA framework - https://www.coindesk.com/learn/mica-eus-comprehensive-new-crypto-regulation-explained/ The War on Informality Article - https://brettscott.substack.com/p/the-war-on-informality The Landscape of Money: Visualizing Crypto Invasions, Stablecoins & CBDCs amidst the War on Cash - https://www.youtube.com/watch?v=DK1DZlWaiLY

**Happy New Year from Real Progressives and Macro N Cheese. If you would like to help us continue to bring you great content, please consider becoming a monthly sponsor at patreon.com/realprogressives. Your contributions help pay for the tech platforms and equipment that keep this podcast alive.**This week's episode is the recording of a recent RP Live webinar with Brett Scott, author of Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets.In terms of its politics, the digital money movement is largely only discussed by the mainstream media, ever ready to promote the interests of big finance and big tech. Brett makes the case that leftists and MMTers need to get involved. Those of us with knowledge of the monetary system are particularly well-situated to recognize potential minefields and see through lies that are being passed off as fact. For example, there is the notion of inevitability. Once the automobile was invented, it was only a matter of time before the horse cart would disappear. We're also led to believe that the move to replace cash with digital comes from the bottom up—from ordinary people. We need only consider who is pushing this so-called cashless society. And who profits from it. Crypto itself is simply another commodity to be bought and sold with... money.Brett presents interesting ways of considering the war against cash and the future of money. In the second half of the episode, he takes questions from attendees. If you haven't heard his interviews on Macro N Cheese, now would be a good time to do so.Brett Scott is an author, journalist, and activist, who explores the intersections between money systems, finance, and digital technology. He's the author of The Heretics Guide to Global Finance: Hacking the Future of Money. His latest book is Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Find more of his work on brettscott.substack.com@suitpossum on Twitter

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/anthropology

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/science-technology-and-society

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/technology

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets (Harper Business, 2022), Brett Scott tells an urgent and revelatory story about how the fusion of Big Finance and Big Tech requires “cloudmoney”—digital money underpinned by the banking sector—to replace physical cash. He dives beneath the surface of the global financial system to uncover a long-established lobbying infrastructure: an alliance of partners waging a covert war on cash. He explains the technical, political, and cultural differences between our various forms of money and shows how the cash system has been under attack for decades, as banking and tech companies promote a cashless society under the banner of progress. Cloudmoney takes us to the front lines of a war for our wallets that is also about our freedom, from marketing strategies against cash to the weaponization of COVID-19 to push fintech platforms, and from there to the rise of the cryptocurrency rebels and fringe groups pushing back. It asks the most pressing questions:  Who benefits from a cashless society and who gets left behind?  Is the end of cash the end of true privacy? And is our cloudmoney future closer than we think it is? Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He currently resides in Berlin. Utsav Saksena is a Research Fellow at the National Institute of Public Finance and Policy (NIPFP), an autonomous institute under the Ministry of Finance, Government of India. He can be reached at utsavsaksena@protonmail.com. Note: opinions expressed in this podcast are purely personal and do not reflect the official position of NIPFP or the Ministry of Finance, Government of India. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He lives in Berlin. --- Support this podcast: https://anchor.fm/crypto-hipster-podcast/support

At first glance, HBO's new documentary series The Anarchists looks like fun. It's got the sexy circle-A symbol in the title and… Well, at second glance, that's all it has going for it. The title. If you're hoping to find the intellectual heirs of Emma Goldman and Bakunin, you'll be disappointed. These aren't even the scrappy anarchists of punk rock or the raucous groups waving black banners at demonstrations. HBO's Anarchists are the one percent. They are tech billionaires and cryptocurrency hucksters. This is the 21st century, where left-wing rhetoric is gobbled up and regurgitated, having been scrubbed clean of its urgency. Brett Scott is the perfect guest for someone confused by The Anarchists. He doesn't refer to that show but, in a way, he's been preparing us for it since his first appearance on this podcast in 2019. He has taken us through the history of fintech, explained the uses of blockchain, and dispelled the myths about cryptocurrency. He makes the case that the war on cash is a war on class. This week, Brett talks about his new book, Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Just like the so-called anarchists of HBO's series, in the unholy marriage of big finance and big tech the state is the enemy. Digital financial transactions are being sold to us as liberating and convenient. Steve and Brett question the assumption that high speed “frictionlessness” is a virtue. They ask whose interests are served through these and other mainstream narratives. “We'll see these news stories that say something like, cashless society is an inevitability. We will all be moving towards this ever more digital future, and so on. Whenever I see that, all I see is the commercial interests of large corporations being presented as the general interest of all people.” Brett brings his background in anthropology to look at some of the less obvious consequences of replacing state money - a public utility - with a massive global system that is almost impossible to track or understand. What happens when we have no interaction with the people we depend upon? Brett Scott is an author, journalist, and activist, who explores the intersections between money systems, finance, and digital technology. He's the author of The Heretics Guide to Global Finance: Hacking the Future of Money. His latest book is Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Find more of his work on brettscott.substack.com @suitpossum on Twitter

Hosted by Andrew Keen, Keen On features conversations with some of the world's leading thinkers and writers about the economic, political, and technological issues being discussed in the news, right now. In this episode, Andrew is joined by Brett Scott, author of Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets. Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He lives in Berlin. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He lives in Berlin. Cloudmoney: Cash, Cards, Crypto, Brett Scott It's with deep joy that I present my new book to the world today. Cloudmoney: Cash, Cards, Crypto and the War for our Wallets. What's it about? Cards seem convenient and crypto seems cool, but the book lays out a contrarian argument for why cash is more crucial than ever (1/20) Brett Scott (@Suitpossum) May 19, 2022 Jamil Hasan is a crypto and blockchain focused podcast host at the Irish Tech News and spearheads our weekend content “The Crypto Corner” where he interviews founders, entrepreneurs and global thought leaders. Prior to his endeavors into the crypto-verse in July 2017, Jamil built an impressive career as a data, operations, financial, technology and business analyst and manager in Corporate America, including twelve years at American International Group and its related companies. Since entering the crypto universe, Jamil has been an advisor, entrepreneur, investor and author. His books “Blockchain Ethics: A Bridge to Abundance” (2018) and “Re-Generation X” (2020) not only discuss the benefits of blockchain technology, but also capture Jamil's experience on how he has transitioned from being a loyal yet downsized former corporate employee to a self sovereign individual. Cloud money: Cash, Cards, Crypto and the War for our Wallets, reviewed – We look at this topical book by Brett Scott, you can see more about Cloudmoney: Cash, Cards, Crypto and the War for our Wallets here. Cloud money. Irish Tech News (@Irish_TechNews) May 6, 2022 With over one hundred podcasts under his belt since he joined our team in February 2021, and with four years of experience both managing his own crypto portfolio and providing crypto guidance and counsel to select clients, Jamil continues to seek opportunities to help others navigate this still nascent industry. Jamil's primary focus outside of podcast hosting is helping former corporate employees gain the necessary skills and vision to build their own crypto portfolios and create wealth for the long-term. See more podcasts by Jamil here. More about Irish Tech News Irish Tech News are Ireland's No. 1 Online Tech Publication and often Ireland's No.1 Tech Podcast too. You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: If you'd like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss. Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience. You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.

Brett Scott is an economic anthropologist, financial activist, and former broker. In 2013 he published The Heretic's Guide to Global Finance: Hacking the Future of Money, and since then has spoken at hundreds of events across the globe and has appeared across international media, including BBC World News and Sky News. He has written extensively on financial reform, digital finance, alternative currency, blockchain technology, and the cashless society for publications like the Guardian, New Scientist, Huffington Post, Wired, and CNN.com, and also publishes the Altered States of Monetary Consciousness newsletter. He has worked on financial reform campaigns and alternative currency systems with a wide range of groups and is a Senior Fellow of the Finance Innovation Lab (UK). He lives in Berlin. Jamil Hasan is a crypto and blockchain focused podcast host at the Irish Tech News and spearheads our weekend content “The Crypto Corner” where he interviews founders, entrepreneurs and global thought leaders. Prior to his endeavors into the crypto-verse in July 2017, Jamil built an impressive career as a data, operations, financial, technology and business analyst and manager in Corporate America, including twelve years at American International Group and its related companies. Since entering the crypto universe, Jamil has been an advisor, entrepreneur, investor and author. His books “Blockchain Ethics: A Bridge to Abundance” (2018) and “Re-Generation X” (2020) not only discuss the benefits of blockchain technology, but also capture Jamil's experience on how he has transitioned from being a loyal yet downsized former corporate employee to a self sovereign individual. With over one hundred podcasts under his belt since he joined our team in February 2021, and with four years of experience both managing his own crypto portfolio and providing crypto guidance and counsel to select clients, Jamil continues to seek opportunities to help others navigate this still nascent industry. Jamil's primary focus outside of podcast hosting is helping former corporate employees gain the necessary skills and vision to build their own crypto portfolios and create wealth for the long-term.

This week on the Opinionated podcast we’re joined by Brett Scott, the author of “The Heretic's Guide to Global Finance: Hacking the Future of Money.”Scott is a former derivatives broker who became a financial market reformer in the wake of the 2007-2008 crisis. Many such reformers became big fans of Bitcoin. But Scott’s views on cryptocurrency are mixed and nuanced. He appreciates some aspects of the technology, but also criticizes people in the space for over-indulging certain arguments about it. As he wrote recently in our op-ed pages, Scott believes that Bitcoin advocates often conflate points of attack that don’t belong together, namely that bitcoin can be a new form of money and a tradable asset simultaneously. Check out that op-ed here:How to Win a Bitcoin Street Fight (Without Mortal Combat)And then listen in to my conversation with Scott on the podcast. He has fascinating insights into the nature and future of money and how we can talk about bitcoin more usefully. Brett Scott’s Twitter handle is: @Suitpossum.

This week on the Opinionated podcast we're joined by Brett Scott, the author of “The Heretic's Guide to Global Finance: Hacking the Future of Money.”Scott is a former derivatives broker who became a financial market reformer in the wake of the 2007-2008 crisis. Many such reformers became big fans of Bitcoin. But Scott's views on cryptocurrency are mixed and nuanced. He appreciates some aspects of the technology, but also criticizes people in the space for over-indulging certain arguments about it. As he wrote recently in our op-ed pages, Scott believes that Bitcoin advocates often conflate points of attack that don't belong together, namely that bitcoin can be a new form of money and a tradable asset simultaneously. Check out that op-ed here:How to Win a Bitcoin Street Fight (Without Mortal Combat)And then listen in to my conversation with Scott on the podcast. He has fascinating insights into the nature and future of money and how we can talk about bitcoin more usefully. Brett Scott's Twitter handle is: @Suitpossum. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week Brett Scott brings us a report from the war zone. He’s based in the UK but the war on cash serves the same global interests and employs the same sort of weapons in the US. The interview begins with Steve asking about COVID19 as perhaps a stealth weapon. Brett tells of the huge British supermarkets, at the start of the pandemic, blasting the message that cash is dangerous; warning that passing cash from hand to hand is likely to carry the virus along with it. Infectious disease specialists as well as major financial institutions have published evidence to the contrary. They say, in fact, that credit cards and pin pads are far more likely to transmit the coronavirus. But the message persists: cash is dirty. The mainstream narrative has it that the move to a digital economy is happening organically, from the bottom up. As if people are simply drifting away from cash and migrating towards digital payment systems. In reality the opposite is true. You could say the war on cash is a war on class, from the top down. Working-class and poor communities are highly suspicious of banks and digital finance. Once you have your dollars in your pocket, nobody has to know what you do with it, where you go, how you spend it… which is why the banks hate cash. Clearly then, the extension of that mainstream bottom-up narrative also deserves scrutiny. This is the part bemoaning the fact that certain marginalized communities have been left behind. (If only we could plug them into digital payment systems, everyone would be on the same level.) Cash is a public utility. Brett calls it a nonjudgmental form of money in this potentially dystopian brave new world. Without physical forms of money, you’re absorbed into a panopticon banking system which we have every reason to mistrust. It’s not just the finance sector that’s waging war against cash. Huge companies like Facebook need to sell ads. How can they prove to advertisers that the ads are effective if they don’t know what you’re buying? The need to know when you've bought the new appliance so they can stop flooding your pages with ads for them and begin pushing something else. Behemoths like Amazon and Uber profit from being automated and efficient. When big tech marries big finance, the aim is to seamlessly integrate on a huge scale. This is why they are able to annihilate small businesses and independent operators. The international aid community has usually handed out cash in disaster areas. Not only does it help the refugees, it typically gets spent into the local economy, boosting the community. Now these organizations are moving to digital transfers of funds via prepaid cards. Digital payments are designed for web commerce, not local development. Brett has spent the past 18 months working on a book that will be published late next year. We expect it to be full of the kind of insights about cash and class he has shared with us today. The book will also look at cryptocurrency (if you’re still unsure about bitcoin, this episode will set you straight). It will cover another area of Brett’s expertise: alternative monetary systems. For the remainder of the interview, Brett teaches Steve, and the rest of us by extension, about mutual credit systems and ripple credit systems. It’s rare that a guest talks about something that’s completely new to us. We found it exciting and we know our listeners will too. Brett Scott is a journalist, campaigner, former derivatives broker, and author of The Heretics Guide to Global Finance: Hacking the Future of Money. @suitpossom on Twitter Subscribe to his new newsletter: BrettScott.substack.com

This week I spoke to financial activist and author of The Heretic's Guide to Global Finance Hacking the Future of Finance Brett Scott (@Suitpossum). His last book was written in response to the Occupy Wall Street protests and is a guide to the world of high finance and the emergent forms of alternative finance, alternative currencies and economic activism that are challenging it in response to the financial crisis. He has a new book forthcoming in 2021.In this interview we speak about his ideas around the "War on Cash" and how the transition to relying on digital bank infrastructure to pay for things as opposed to cash, while largely described as an organic evolution towards a "cashless society" by mainstream media, actually has been a deliberate push by banks for efficiency gains and is an attempt to privatize the money system or what Brett calls a "bankful society." We go on to talk about where cryptocurrencies fit in this framework, how the Left should embrace going into spaces where they traditionally aren't (like finance and crypto), and how money systems come into existence largely through power hierarchies as opposed to the value of the commodity underpinning it which is a common thought ironically in both cryptocurrency and Marxist spaces. Brett also gives us a sneak peek into what his book coming out next year is about.  More on BrettAltered States of Monetary ConsciousnessYouTube ChannelTwitter ProfileIf you liked the podcast be sure to give it a review on your preferred podcast platform. If you want to see more content like this, please consider donating to my Patreon starting at just $3 per month. At the moment I've spent more on this 9-month old project than I've ever made so any amount helps. Also, sign up for the Newsletter, follow me on Twitter (@TBSocialist), and join the r/CryptoLeftists subreddit to continue the discussion and give your thoughts.Support the show (https://www.patreon.com/theblockchainsocialist)

One of our guests argues that, “cash has historically been seen as a friend of the poor, [because] banks have never been seen as friends of the poor. Banks historically have been seen as institutions of elite control. They've been seen as run by social elites in the interests of social elites.” But much is changing.   This is the second part of our two-episode conversation about the future of money. In this episode, Paul Avery, Dave Birch, and Brett Scott join us to discuss:   - Cryptocurrency as a commodity   - The inevitability of digital money   - Why the US is slow to abandon cash   - Innovation to reduce the power of the banking sector   - Digital currency as a geopolitical issue   Paul Avery is a financial journalist, editor, and public speaker. He is the editor of New Money Review.   Dave Birch is an author, advisor and commentator on digital financial services. The author of many books, newest is The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony.   Brett Scott is a journalist, campaigner, former broker, and the author of The Heretic's Guide to Global Finance: Hacking the Future of Money.

One of our guests argues that, “cash has historically been seen as a friend of the poor, [because] banks have never been seen as friends of the poor. Banks historically have been seen as institutions of elite control. They've been seen as run by social elites in the interests of social elites.” But much is changing.   This is the second part of our two-episode conversation about the future of money. In this episode, Paul Avery, Dave Birch, and Brett Scott join us to discuss:   - Cryptocurrency as a commodity   - The inevitability of digital money   - Why the US is slow to abandon cash   - Innovation to reduce the power of the banking sector   - Digital currency as a geopolitical issue   Paul Avery is a financial journalist, editor, and public speaker. He is the editor of New Money Review.   Dave Birch is an author, advisor and commentator on digital financial services. The author of many books, newest is The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony.   Brett Scott is a journalist, campaigner, former broker, and the author of The Heretic's Guide to Global Finance: Hacking the Future of Money.

One of our guests argues that, “cash has historically been seen as a friend of the poor, [because] banks have never been seen as friends of the poor. Banks historically have been seen as institutions of elite control. They've been seen as run by social elites in the interests of social elites.” But much is changing.   This is the second part of our two-episode conversation about the future of money. In this episode, Paul Avery, Dave Birch, and Brett Scott join us to discuss:   - Cryptocurrency as a commodity   - The inevitability of digital money   - Why the US is slow to abandon cash   - Innovation to reduce the power of the banking sector   - Digital currency as a geopolitical issue   Paul Avery is a financial journalist, editor, and public speaker. He is the editor of New Money Review.   Dave Birch is an author, advisor and commentator on digital financial services. The author of many books, newest is The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony.   Brett Scott is a journalist, campaigner, former broker, and the author of The Heretic's Guide to Global Finance: Hacking the Future of Money.

As one of our guests observed, we’re soon “going to have lots of different kinds of money. And the technological limitation of the past— which is, I only had five slots in my wallet, and I couldn't carry around 30 million different currencies— is about to vanish. My mobile phone is perfectly capable of managing 30 million different currencies.”   This is the first part of our two-episode conversation in which we explore how money—and the monetary system—is evolving.   In this episode, Paul Amery, Dave Birch, and Brett Scott join us to discuss:   - Money as a form of memory—or a system of accounting   - Why the current monetary system may be ripe for change   - The evolution of money—and the role of states and the banking sector   - Impact of digital technologies on innovation and the future of money   Paul Avery is a financial journalist, editor, and public speaker. He is the editor of New Money Review.   Dave Birch is an author, advisor and commentator on digital financial services. The author of many books, newest is The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony.   Brett Scott is a journalist, campaigner, former broker, and the author of The Heretic's Guide to Global Finance: Hacking the Future of Money.

As one of our guests observed, we’re soon “going to have lots of different kinds of money. And the technological limitation of the past— which is, I only had five slots in my wallet, and I couldn't carry around 30 million different currencies— is about to vanish. My mobile phone is perfectly capable of managing 30 million different currencies.”   This is the first part of our two-episode conversation in which we explore how money—and the monetary system—is evolving.   In this episode, Paul Amery, Dave Birch, and Brett Scott join us to discuss:   - Money as a form of memory—or a system of accounting   - Why the current monetary system may be ripe for change   - The evolution of money—and the role of states and the banking sector   - Impact of digital technologies on innovation and the future of money   Paul Avery is a financial journalist, editor, and public speaker. He is the editor of New Money Review.   Dave Birch is an author, advisor and commentator on digital financial services. The author of many books, newest is The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony.   Brett Scott is a journalist, campaigner, former broker, and the author of The Heretic's Guide to Global Finance: Hacking the Future of Money.

As one of our guests observed, we’re soon “going to have lots of different kinds of money. And the technological limitation of the past— which is, I only had five slots in my wallet, and I couldn't carry around 30 million different currencies— is about to vanish. My mobile phone is perfectly capable of managing 30 million different currencies.”   This is the first part of our two-episode conversation in which we explore how money—and the monetary system—is evolving.   In this episode, Paul Amery, Dave Birch, and Brett Scott join us to discuss:   - Money as a form of memory—or a system of accounting   - Why the current monetary system may be ripe for change   - The evolution of money—and the role of states and the banking sector   - Impact of digital technologies on innovation and the future of money   Paul Avery is a financial journalist, editor, and public speaker. He is the editor of New Money Review.   Dave Birch is an author, advisor and commentator on digital financial services. The author of many books, newest is The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony.   Brett Scott is a journalist, campaigner, former broker, and the author of The Heretic's Guide to Global Finance: Hacking the Future of Money.

It turns out that cryptocurrency is both more complex and more simple-minded than one would have thought. Or are we missing something profound? Is bitcoin just another speculative asset or will it soon be replacing money as we know it? Steve’s guest Brett Scott dispels the myths about bitcoin and gives us a brief history lesson on the development and uses of fintech (which simply means financial technology), blockchain, and cryptocurrencies, including bitcoin. Some of the misconceptions about bitcoin can be traced to the way it’s explained by the mainstream media. It’s treated as a radical new ‘stateless’ currency. But the bitcoin community itself is also guilty of doublethink and contradictory language. Predictions of bitcoin replacing fiat currency are not grounded in reality. How can it take the place of the US dollar when it is, in fact, priced in US dollars? Scott’s explanations are blessedly clear, coherent, and consistent with MMT. Even listeners unfamiliar with blockchain technology and cryptocurrencies will find this episode illuminating. Brett Scott is a journalist, campaigner and the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money. He is a Senior Fellow at the Finance Innovation Lab in London. Follow him on Twitter @suitpossum

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here.

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money (Pluto Press, 2013). Scott is a journalist, urban deep ecologist, and Fellow at the Finance Innovation Lab. While much of Scott’s book focuses on explaining various aspects of the financial services section, the heart of the book is a call to action. Scott infuses this call with a variety of first-hand experiences as a campaigner for radical approaches to disrupt the sector. For this reason, the book acts as a guide to activism, applicable for those interested in global finance, but also other domains that are ripe for criticism. His blog that he mentions at the end of the podcast can be found here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The first of two lectures examining opening up financial data. The financial sector is a notoriously closed and opaque system, with barriers to entry at many different levels. What elements, technologies and players are required to open it up, and what would the result look like? Brett Scott, author of The Heretic's Guide to Global Finance: Hacking the Future of Money sketches out some ideas from the cutting edge of open source finance.

It is now 5 years since the collapse of Lehman Bros and the start of the financial crisis that collapse precipitated.  Though most of us grow more and more cynical and angry about the financial system, how many of us really understand it? Brett Scott is well placed to lead us on an exploration of radical approaches to global finance, shareholder activism..  An anthropologist and former whizz kid broker, his  Heretic's Guide to Global Finance: Hacking the Future of Money offers the reader a framework for approaching the financial system based on hacking, activist entrepreneurialism, DIY and open source culture. In the podcast, Brett talks to Craig Barfoot about the creative disruption of hacking and describes  ‘the sheer joy and curiosity of exploring an economic system……..once you’ve explored the financial system enough you can see the weak points and how you can exploit them.” Brett’s hacker approach is to take the existing technology and play with it creatively - changing the DNA of a financial instrument.  So he looks at how campaigners have used financial instruments and subverted them  - shareholder activists buy shares, others press for Socially Responsible Investment Funds (which, as he points out are tiny compared with the massive investment funds they run alongside), the divestment movement aims to get large organisations to divest from companies involved in mining or the arms industry, and those using the ‘social return’ model push for something different on the bottom line.  As he points out, the aim of much of this is education as well as advocacy – by getting involved we learn more about the financial system. But he counsels that you  have to maintain radical input, you must not allow the social impact  bond, for example, to be co-opted by Goldman Sachs and used in their PR campaigns! Nevertheless he says it is a mistake to see bankers as just the stereotypical 'greedy bankers', arguing that people go into finance for a variety of reasons -  financial reward is just one of those reasons. with family pressures and intellectual challenge being equally important. This is an excellent starting point for anyone who wants to begin to understand the financial system in order to change it. Guide to Global Finance: Hacking the Future of Money is published by Pluto Press, price £11.50.