Podcast / American Prestige / Dec 17, 2024

The Financialization of Modern Media

On this episode of American Prestige, Andrew deWaard on his book Derivative Media: How Wall Street Devours Culture.

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The Financialization of Modern Media w/ Andrew deWaard | American Prestige
byThe Nation Magazine

On this episode of American Prestige, Danny speaks with Andrew deWaard, assistant professor of media and popular culture at UC San Diego, about his book Derivative Media: How Wall Street Devours Culture. The two discuss how the falling rate of profit shapes the modern media landscape, the increased drive toward consolidation in entertainment companies, the big movers like private equity firms, hedge funds, asset managers, and venture capitalists, artists' limited ability to defend themselves, the rise of IP, and more.

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On this episode of American Prestige, Danny speaks with Andrew deWaard, assistant professor of media and popular culture at the University of California–San Diego, about his book Derivative Media: How Wall Street Devours Culture. The two discuss how the falling rate of profit shapes the modern media landscape, the increased drive toward consolidation in entertainment companies, the big movers like private equity firms, hedge funds, asset managers, and venture capitalists, artists’ limited ability to defend themselves, the rise of IP, and more.

The Nation Podcasts
The Nation Podcasts

Here's where to find podcasts from The Nation. Political talk without the boring parts, featuring the writers, activists and artists who shape the news, from a progressive perspective.

Trump's First Week, Colombia Rebel Fighting, M23 Advances in DRC
byThe Nation Magazine

On this week's American Prestige news roundup: in Gaza, the ceasefire takes effect (0:37), allowing a surge of humanitarian aid (3:51), the latter being partly facilitated by Hamas’s police force back in power (5:50). Meanwhile, an agreement on the second phase of the ceasefire remains to be seen (7:56); the IDF launches a new operation in the West Bank (14:38); negotiations between the government and SDF continue in Syria (17:11); Turkey hints at a possible thaw with the Kurdish PKK (20:13); Afghan refugees who’d already been granted asylum are stranded after Trump’s executive order (24:54); China brokers a new ceasefire in Myanmar (27:49); M23 makes a new advance in the Democratic Republic of Congo (29:31); Trump threatens myriad economic penalties against Russia if it doesn’t end the war in Ukraine (31:42); NATO’s defense spending might be on the rise (34:19); Colombia breaks off peace talks with the ELN (37:48); Mexico and Honduras react to Trump’s deportation plans (40:10); Oxfam releases a new report on the rise in inequality (42:44); and Donald Trump signed a flurry of executive orders only a few days into taking office (44:44).    

Be sure to listen to our post-election special with Alexander Aviña on Trump’s plans regarding immigrants and deportations.

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Daniel Bessner

Daniel Bessner is an historian of US foreign relations, and cohost of American Prestige, a podcast on international affairs.

Derek Davison

Derek Davison is a writer and analyst specializing in international affairs and US foreign policy. He is the publisher of the Foreign Exchanges newsletter, cohost of the American Prestige podcast, and former editor of LobeLog.

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