[KR895] Keiser Report: Fools in Charge

We discuss the fools in charge making things more complex as small print and Byzantine paperwork mire people and systems in ‘gotcha’-style debt traps. In the second half, Max continues his talk with Michael Betancourt about his new book, The Critique of Digital Capitalism. Michael suggests we are evolving into our pocket calculators as the submerged costs of social networks bite. They also discuss ‘the aura of information’ – everything can become data; once it becomes information, it can become a tool; but that fantasy implodes when we start having to take account of physical costs.