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Jacobin Radio

Behind the News: Crisis in Sri Lanka w/ Indrajit Samarajiva

Jacobin Radio

Jacobin

Socialism, History, News, Left, Jacobin, Alternative, Socialist, Politics

4.71.5K Ratings

🗓️ 25 August 2022

⏱️ 53 minutes

🧾️ Download transcript

Summary

Doug is joined by David Palumbo-Liu to discuss the politics of Stanford University and its infamous alum, Peter Thiel. We then get writer Indrajit Samarajiva's analysis of the political and economic crisis in Sri Lanka.


Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global. Find the archive here: https://www.leftbusinessobserver.com/Radio.html



Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

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0:10.0

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0:20.0

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0:28.0

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0:34.0

Hello and welcome to Behind the News. My name is Doug Henrywood.

0:36.0

The usual toofer today. We'll hear from Stafford Professor David Palomboleu

0:40.0

about the politics of that institution, as well as one of its most notorious alumni, Peter Teal.

0:45.0

And the Sri Lankan writer, Indrajit Samarajiva, will delve into the economic and political crises plaguing that country.

0:51.0

Given that many of our national political writers and analysts are based in the northeast

0:55.0

and that many of them went to Ivy League colleges and the like, the universities of that part of the country

0:59.0

get most of the attention as shapers of our ruling class, and it scribes, as well as our national discourse.

1:05.0

I plead guilty to such provincialism myself. Stafford, despite its wealth and prominence, doesn't get the attention it deserves.

1:12.0

To remedy that oversight, we're joined by David Palomboleu, a professor of comparative literature in English there.

1:17.0

He'll address two topics, the overall political culture of the university,

1:21.0

which is deeply embedded in the worlds of Silicon Valley and its venture capitalists,

1:25.0

and the politics and influence of Peter Teal, who got his undergraduate and law degrees from the university.

1:30.0

Teal, whose net worth is on recording these words as $7.7 billion according to Bloomberg, was a co-founder of PayPal.

1:37.0

He was also Facebook's first outside investor and funded a lot with the CIA's venture capital arm, Palomboleu Technologies.

1:44.0

He's also a right-wing authoritarian, afraid of Donald Trump, and holds some curious views on race and gender.

1:50.0

In a 2009 essay for a Cato Institute magazine, Teal observed,

1:54.0

since 1920, the vast increase in welfare beneficiaries in the extension of the franchise to women,

2:00.0

two constituencies that are notoriously tough for libertarians, have rendered the notion of capitalist democracy into an oxymoron.

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