WEBVTT - The President of Argentina's Meme Coin Scandal 0:00:01.720 --> 0:00:04.920 Call the media. 0:00:05.280 --> 0:00:07.920 Welcome to Jay Kadappen Here, a podcast that has been really, 0:00:07.920 --> 0:00:12.320 really fucking bleak basically since Trump took office. So instead 0:00:12.360 --> 0:00:15.520 instead of doing another episode about how doomed the US is, 0:00:15.760 --> 0:00:19.040 we are taking a I don't know a field trip 0:00:19.360 --> 0:00:22.960 to Argentina to talk about something extremely funny. And that 0:00:23.280 --> 0:00:27.320 extremely funny thing is the Argentinian President Javier Malay promoting 0:00:27.320 --> 0:00:31.120 a meme coin and maybe going down for it and 0:00:31.520 --> 0:00:33.920 with me to talk about this is really the only 0:00:34.000 --> 0:00:36.320 person I could I could have on to talk about 0:00:36.320 --> 0:00:37.000 a crypto thing. 0:00:37.560 --> 0:00:40.479 Who is Molly White? And I'm trying to explain who 0:00:40.479 --> 0:00:41.080 Bally White is. 0:00:41.320 --> 0:00:43.919 My explanation of this is in the same way that 0:00:44.000 --> 0:00:47.760 the great twentieth century marksis theorist C. L. R. James's 0:00:47.760 --> 0:00:51.000 book Beyond a Boundary is both universally considered to be 0:00:51.040 --> 0:00:54.200 the best book ever written about cricket and also literally 0:00:54.240 --> 0:00:55.720 calling it the thing that it is the best book 0:00:55.720 --> 0:00:58.960 ever written about cricket is like a damning insult to 0:00:59.840 --> 0:01:02.920 how good the actual book is. Molly is like probably 0:01:02.920 --> 0:01:06.639 the world's best crypto journalist and writes the newsletter citation 0:01:06.720 --> 0:01:09.760 needed also does Web three is going great, which is amazing. 0:01:10.080 --> 0:01:12.080 Everyone should go listen to it. And MOLLI, welcome to 0:01:12.120 --> 0:01:12.480 the show. 0:01:13.080 --> 0:01:14.720 Thanks for having me. What an intro. 0:01:15.800 --> 0:01:18.320 I've been waiting for an opportunity to use that one 0:01:18.400 --> 0:01:20.800 for such a long time. A great book, by the way, 0:01:20.840 --> 0:01:24.080 which everyone should both go subscribe to citation needed and 0:01:24.160 --> 0:01:27.039 also go read Beyond the Boundary because it's great. 0:01:27.840 --> 0:01:30.280 So God, we were talking about this before the show. 0:01:30.600 --> 0:01:34.360 I had planned this episode out before Elon Musk showed 0:01:34.440 --> 0:01:38.320 up at Sea Pac with Javier Malay, like with Malay's 0:01:38.360 --> 0:01:43.080 signature chainsaw, like doing an even weirder version of Malay's 0:01:43.080 --> 0:01:45.000 thinking about like cutting regulation with a chainsaw. 0:01:45.800 --> 0:01:50.520 But Jesus Christ, yeah, what a spectacle that was. 0:01:51.760 --> 0:01:53.360 Oh my god. 0:01:53.320 --> 0:01:57.320 I like Steve Bannon doing the Nazi salute wasn't even 0:01:57.320 --> 0:01:58.520 the weirdest thing that happened there. 0:01:59.320 --> 0:02:00.520 That was only like day one. 0:02:00.880 --> 0:02:03.720 Well that's overdone now you know everyone's doing it. You 0:02:03.760 --> 0:02:04.760 have to do something new. 0:02:05.320 --> 0:02:07.080 Yeah, you have to get to wander around the stage 0:02:07.080 --> 0:02:10.760 with a chainsaw like he didn't even do the Malay thing, 0:02:10.760 --> 0:02:12.240 which is you have you have like a book of 0:02:12.240 --> 0:02:14.320 regulations or whatever you cut up with a chance even 0:02:16.160 --> 0:02:21.080 Oh God, so I am very excited to talk about 0:02:21.080 --> 0:02:24.520 the crypto scandal that might finally bring this administration down. However, 0:02:24.960 --> 0:02:28.240 and I am deeply sorry. I already I apologize before 0:02:28.280 --> 0:02:30.280 this recording started. I am deeply sorry. In order to 0:02:30.320 --> 0:02:35.560 explain who Hoavier Malay is, I have to do the 0:02:35.639 --> 0:02:38.680 single most difficult thing I've ever attempted in my like, 0:02:38.720 --> 0:02:40.520 not just in my like my history as a podcaster, 0:02:40.720 --> 0:02:43.200 like that's obviously trivially trube like by my entire history 0:02:43.800 --> 0:02:48.160 doing theoretical work in general, which is I'm about to 0:02:48.200 --> 0:02:50.959 attempt to explain parodeism in under ten minutes on four 0:02:50.960 --> 0:02:51.480 hours of sleep. 0:02:51.560 --> 0:02:57.480 Let's see it here, we fucking go, because because I 0:02:57.520 --> 0:03:00.840 guess that's why, you know why we have to do this, right, Like, 0:03:00.960 --> 0:03:05.840 Malay is able to take power like basically because he 0:03:05.840 --> 0:03:07.720 he's like one of the first candidates in a long 0:03:07.760 --> 0:03:11.240 time to in Argentina to run as an anti paronist. 0:03:11.680 --> 0:03:15.120 And that may seem weird because hold on, wait, shouldn't 0:03:15.160 --> 0:03:17.480 there always be like, Okay, if you have an ideology, 0:03:17.520 --> 0:03:19.359 shouldn't it shouldn't that the person from like either the 0:03:19.400 --> 0:03:22.000 left right side of the political spectrum, you know, be 0:03:22.120 --> 0:03:26.680 running against an ideology and no, no. Up until basically now, 0:03:26.800 --> 0:03:28.919 both the left and the right in ge Argentina were 0:03:28.960 --> 0:03:33.080 both Paronists. So to get an understanding of what paronism is, 0:03:33.080 --> 0:03:35.600 we need to go back not just to who Juan 0:03:35.680 --> 0:03:39.120 Parone is, and we'll we'll we'll get to who Juan Parone, 0:03:39.120 --> 0:03:41.120 who's like the guy this ideology is named after. And 0:03:41.400 --> 0:03:44.080 you know, the ideology is based on like this guy 0:03:44.160 --> 0:03:47.920 returning from exile from the military coups. But we have 0:03:48.080 --> 0:03:52.240 to go back to one of the sort of foundational 0:03:52.400 --> 0:03:57.080 parts of the modern Argentinian state, and that element is 0:03:57.080 --> 0:03:58.920 the fact that Argentina has one of the most militant 0:03:58.920 --> 0:04:02.000 workers movements in the entire world, and has had it 0:04:02.080 --> 0:04:05.280 for about a century. I was on Margaret's show, it 0:04:05.280 --> 0:04:07.400 could happen here, and Jesus Christ not it could happen here. 0:04:07.400 --> 0:04:09.960 Good Lord, you tell them on four hours you're doing great, 0:04:10.160 --> 0:04:12.760 Thank you, thank you. I haven't even gotten we have 0:04:12.920 --> 0:04:15.520 not gotten to my final analysis of parnasm, where that 0:04:15.560 --> 0:04:18.200 the closest thing I can compare it to is post 0:04:18.279 --> 0:04:22.560 short cultural Revolutions nineteen seventies era China. 0:04:23.040 --> 0:04:25.480 So this is about to get so much more unhitched. 0:04:25.920 --> 0:04:26.960 But a while back. 0:04:26.960 --> 0:04:29.320 I was on Margaret show Cool People Who Did Cool 0:04:29.360 --> 0:04:35.160 Stuff to talk about the second Argentinian giant and narcosentic 0:04:35.160 --> 0:04:38.280 glost uprising in about a span of four years, which 0:04:38.360 --> 0:04:41.200 was the giant anarchist rebellion in Patagonia nineteen twenty one 0:04:41.279 --> 0:04:43.279 nineteen twenty two. And this is the second one because 0:04:43.279 --> 0:04:47.000 the first one was the nineteen nineteen general strike, which 0:04:47.120 --> 0:04:49.440 ends in an event called the Tragic Week where everyone 0:04:49.520 --> 0:04:52.680 sort of gets killed by the military. But you know, 0:04:53.040 --> 0:04:55.640 the fact that there's there's two in different parts of 0:04:55.680 --> 0:04:58.320 the country, enormous and arcosentdic glist uprisings in a span 0:04:58.360 --> 0:05:01.000 of about four years. It's a demonstration of the fact 0:05:01.000 --> 0:05:02.680 that this is one of the most billietant working classes 0:05:02.680 --> 0:05:05.240 in the world, and any political movement that is trying 0:05:05.279 --> 0:05:07.160 to hold power in this country is going to have 0:05:07.160 --> 0:05:11.080 to deal with the fact that the Argentinian working class 0:05:11.080 --> 0:05:13.960 at any moment. Can you know, if you're a factory owner, 0:05:14.000 --> 0:05:15.479 you can wake up one day and there's a black 0:05:15.520 --> 0:05:18.680 flag flying over your factories because your workers have seized it. 0:05:19.320 --> 0:05:22.440 And the sort of culmination of this and the reason 0:05:22.440 --> 0:05:26.080 this is even still relevant today is that like the 0:05:26.200 --> 0:05:28.000 last of what you would I guess you could call 0:05:28.080 --> 0:05:30.680 like the classical twentieth century revolutions. So a line of 0:05:30.760 --> 0:05:34.119 uprising started with like the original formation of the workers 0:05:34.200 --> 0:05:36.440 councils in Russia in nineteen oh five, you know, and 0:05:36.480 --> 0:05:38.280 that continues to like the occupation of the factories and 0:05:38.360 --> 0:05:40.279 italllys you the two Red Years, and like nineteen eighteen, 0:05:40.360 --> 0:05:42.520 nineteen nineteen, like the anarchist parts of the Spanish Revolution, 0:05:42.640 --> 0:05:45.400 with the revolutions in Hungaria and Algeria, like you know, 0:05:45.480 --> 0:05:47.600 all like through sixty eight, like the factor occupations in 0:05:47.640 --> 0:05:49.760 France and Italy, and like all this whole this whole 0:05:49.800 --> 0:05:52.200 lineage of like the thing that happens when you do 0:05:52.200 --> 0:05:54.120 your revolution is workers occupy the factories and try to 0:05:54.120 --> 0:05:57.159 seize control of the country. The last one of those, 0:05:57.240 --> 0:06:01.839 ever was an Argentina in two tho one. Like everywhere 0:06:01.880 --> 0:06:04.000 else in the world, this ship was gone, and then 0:06:04.120 --> 0:06:05.840 randomly in Argentina in two thousand and one, like there's 0:06:05.839 --> 0:06:07.800 a there's a giant one of these uprisings that is, 0:06:08.360 --> 0:06:12.960 you know, only really put down by a sort of 0:06:13.120 --> 0:06:16.280 left Parona's government agreeing to like tell I am a 0:06:16.279 --> 0:06:18.600 have to fuck off, which was like you know, a 0:06:18.800 --> 0:06:22.800 sort of seismic change in the political landscape. But all 0:06:22.839 --> 0:06:25.920 of this is to say that, Okay, if you are 0:06:25.920 --> 0:06:28.560 a capitalist in Argentina and you have to deal with this, 0:06:28.839 --> 0:06:31.640 like what do you do? And the answer is to 0:06:31.640 --> 0:06:34.800 create the most unhinged ideology the world has ever seen 0:06:35.360 --> 0:06:38.640 by uniting socialism and fascism under the single banner of 0:06:38.839 --> 0:06:42.839 Argentinian nationalists class collaboration, which the thing that makes no sense, 0:06:42.880 --> 0:06:46.240 but you have to understand, like paranism is, oh god, 0:06:46.320 --> 0:06:50.560 protoism is simply the weirdest ideology ever. I promise we 0:06:50.560 --> 0:06:52.080 are going to get to the fun crypto stuff, but 0:06:52.160 --> 0:06:53.640 we have to unfortunately do this, We have to do 0:06:53.640 --> 0:06:56.839 our whole work first. And part of this is so 0:06:56.960 --> 0:06:59.680 Juan Perone, the actual guy who who is ideology is 0:06:59.680 --> 0:07:02.200 based off. This is an enormously popular president in like 0:07:02.240 --> 0:07:04.280 the late forties and fifties until he gets overthrown by 0:07:04.279 --> 0:07:07.240 military coup and to get a sense of again like 0:07:07.279 --> 0:07:09.320 how weird this guy is. Like, this is a guy 0:07:09.480 --> 0:07:11.720 who when he comes into power, a bunch of the 0:07:11.720 --> 0:07:13.960 most famous Nazi war criminals and like not just you know, 0:07:13.960 --> 0:07:16.400 obviously like the famous Nazis flee Argentina. There's the whole 0:07:16.440 --> 0:07:17.840 meme about that, right, But I mean we're talking like 0:07:17.840 --> 0:07:19.960 guys who do U stat si, like guys guys who 0:07:20.000 --> 0:07:23.560 literally did the Holocaust by hand, like flee to Argentina 0:07:23.560 --> 0:07:27.000 a Drena's administration, and when a military coup overthrows him, 0:07:27.040 --> 0:07:29.880 they flee the country. So again, like the US beck 0:07:29.960 --> 0:07:34.160 military junta is less pro Nazi than this guy is. 0:07:34.480 --> 0:07:37.880 He is also personal friends with Schae Guavara and considers 0:07:38.000 --> 0:07:40.040 like the Cuban revolution to be like part of his 0:07:40.160 --> 0:07:47.040 like revolutionary project. So a deeply deeply weird, deeply weird guy. 0:07:47.200 --> 0:07:49.240 And the result of this is that, Okay, so you 0:07:49.240 --> 0:07:51.680 have a military dictatorship through like the fifties and the sixties, right, 0:07:52.400 --> 0:07:54.520 and like the entire time there's a tatorship. Not the 0:07:54.640 --> 0:07:56.880 entire night, but most of the time this dictatorship is happening, right, 0:07:57.240 --> 0:08:00.920 the entire political spectrum sort of project all of their 0:08:01.720 --> 0:08:04.960 political energy onto We want Parone back because Paronas remembered 0:08:04.960 --> 0:08:06.720 it as like the guy who like brought workers rights 0:08:06.720 --> 0:08:08.320 to the country and also like gave women the right 0:08:08.360 --> 0:08:09.960 to vote. And also as you remember it as like 0:08:10.760 --> 0:08:13.280 a stable nationalist, right wing government by the right. 0:08:13.320 --> 0:08:14.400 So like everyone on like. 0:08:14.320 --> 0:08:16.960 Both sides the political spectrum project all of their political 0:08:16.960 --> 0:08:19.680 aspirations into the single figure of parn which works because 0:08:19.680 --> 0:08:23.120 he's not in the country, is not not there, so 0:08:23.240 --> 0:08:26.800 you know, and because he's gone, you can project anything 0:08:26.840 --> 0:08:29.760 you want onto him. And this is to a large 0:08:29.760 --> 0:08:32.720 extent the origin of modern populism, right, like the you know, 0:08:32.800 --> 0:08:35.800 my modern populism is the projection of all grievances onto 0:08:36.200 --> 0:08:38.959 one guy and then having that guy come in take power, 0:08:39.120 --> 0:08:42.400 do constant sort of semi political mobilization to like fix 0:08:42.400 --> 0:08:45.400 your issues. And one of the interesting threads here is 0:08:45.400 --> 0:08:48.959 that like the theoretical origin of left populism is very 0:08:48.960 --> 0:08:53.280 specifically Parnism, because one of the theoreticians of like modern 0:08:53.360 --> 0:08:55.199 left populism, one of the most famous ones, is my 0:08:55.320 --> 0:08:59.080 old nemesis, the Argentinian political philosopher and Nesto Leclou and 0:08:59.160 --> 0:09:01.360 his wife chintill moof who were like they were like, 0:09:01.400 --> 0:09:02.720 you know, these are these people were like the the 0:09:02.720 --> 0:09:06.160 theoretical forces behind a bunch of like the European left 0:09:06.200 --> 0:09:07.960 in this sort of euroc communism era, and even up 0:09:08.040 --> 0:09:10.679 until like like pot Daemos in Spain, twenty eleven, Like 0:09:10.720 --> 0:09:12.760 these are the people who are the theoretical force behind 0:09:13.320 --> 0:09:15.319 so much like left electoral stuff in the last like 0:09:15.320 --> 0:09:18.760 fifty years. And it's all from leclou who was who 0:09:18.800 --> 0:09:21.680 was a left Paronist, so all all of all the 0:09:21.720 --> 0:09:24.960 dots are going on the pin board and while he's gone, 0:09:25.000 --> 0:09:28.199 he's this guy that like from an American perspective, it's 0:09:28.240 --> 0:09:30.600 like imagine that like Bernie Sanders and Donald Trump from 0:09:30.600 --> 0:09:34.720 twenty sixteen were both the same guy, and both sides 0:09:34.760 --> 0:09:36.719 were just trying to get this one guy to come 0:09:36.720 --> 0:09:42.000 back to Argentina and like fix everything. So this creates 0:09:42.160 --> 0:09:44.679 like the left and right Paronists. And when Paron comes 0:09:44.760 --> 0:09:47.480 back in the seventies and like immediately gets elected president again, 0:09:47.720 --> 0:09:49.839 the right Paronis just I mean you should literally starts 0:09:49.840 --> 0:09:53.400 slaughtering to left Paronis in the streets and Parone like 0:09:53.480 --> 0:09:56.920 backs the right Paronists against the left, and you would 0:09:56.960 --> 0:09:59.720 think this would destroy left Paranism, but no, no left 0:09:59.720 --> 0:10:02.120 paron It was in power in Argentina until like. 0:10:02.400 --> 0:10:04.560 Malai's election like a few years ago. 0:10:04.640 --> 0:10:08.599 It's so okay, So like why would you still be 0:10:08.679 --> 0:10:11.240 a left Peronis after Parone like had all your boys 0:10:11.280 --> 0:10:14.200 machine guns in the seventies. Part of the reason this 0:10:14.240 --> 0:10:17.280 works also is that he dies and his wife takes 0:10:17.320 --> 0:10:20.640 power and there's like another military coup. So you know, 0:10:20.720 --> 0:10:23.200 he isn't he's not like in power long enough kind 0:10:23.200 --> 0:10:25.199 of for like the disenchantment to really set in. He's 0:10:25.240 --> 0:10:27.040 just he's in power just long enough for people to 0:10:27.040 --> 0:10:29.839 remember it as like the break between the dictatorships. And 0:10:30.160 --> 0:10:32.440 at this point I could finally attempt to go what 0:10:32.640 --> 0:10:36.920 is Paronis? They're like how many minutes of like, oh god, 0:10:36.920 --> 0:10:38.520 I think I've got over my ten minute limit of 0:10:38.760 --> 0:10:42.880 what is But okay, Paron's deal is this right? Like 0:10:43.320 --> 0:10:45.760 so okay, Like, if you're a pronus right in Perona's state, 0:10:45.800 --> 0:10:48.560 everyone is supposed to be equal before the power of 0:10:48.559 --> 0:10:51.280 the Argentinian state, And so if you're a leftist, you 0:10:51.360 --> 0:10:53.880 focus on the everyone is going to be equal part. 0:10:53.880 --> 0:10:55.120 And this means on the one hand, you know, there 0:10:55.120 --> 0:10:59.320 are there are real substantive gains for the Argentinian working 0:10:59.320 --> 0:11:01.680 class that they did get under the you know, the 0:11:01.720 --> 0:11:04.440 sort of previous administrations, and under the junta, right, you know, 0:11:04.520 --> 0:11:08.280 you have like massive expansions of workers' rights and nationalizations 0:11:08.280 --> 0:11:10.440 of a bunch of sectors of the economy. You have 0:11:10.520 --> 0:11:13.640 this like strategy of national development through like import substitution. 0:11:14.800 --> 0:11:17.120 There's there's like a long strain of like feminist perhism 0:11:17.360 --> 0:11:20.040 from you know, his like like human being the administration 0:11:20.080 --> 0:11:22.959 where women got the right to vote. On the other hand, 0:11:22.960 --> 0:11:25.320 if you're a fascist, you focus on the like before 0:11:25.360 --> 0:11:28.520 the power of the Argentinian state part, which means like 0:11:28.600 --> 0:11:31.000 permanent class collaboration. And this this is the part of 0:11:31.000 --> 0:11:32.680 the deal that brings the right in, is like the 0:11:32.760 --> 0:11:34.719 deal is that, okay, So you give the workers all 0:11:34.760 --> 0:11:37.560 this stuff, and you set up these really complicated patriots networks, 0:11:38.320 --> 0:11:41.040 and you know, people have jobs and like they have 0:11:41.280 --> 0:11:43.440 a social safety net at least in theory. And the 0:11:43.480 --> 0:11:46.200 trade off is you will never ever again attempt to 0:11:46.360 --> 0:11:50.280 like occupy a factory or like and like drive these parasites. 0:11:50.320 --> 0:11:52.640 You run your entire life out of power. And the 0:11:52.679 --> 0:11:55.960 second part of that is this like this hardline, unhinged 0:11:56.040 --> 0:12:00.000 right wing like Argentinian nationalism, which is wielded against for example, 0:12:00.080 --> 0:12:03.320 like Argentinian indigenous groups. And so I promise the comparison 0:12:03.360 --> 0:12:06.079 to the to the Long Culture seventies, long Culture Revolution, 0:12:06.160 --> 0:12:08.120 we've reached that point of it, so to understand like 0:12:08.400 --> 0:12:12.840 really what this is, Right, it's an active counterinsurgency that 0:12:12.920 --> 0:12:15.480 is sort of that is waged by the state and 0:12:15.559 --> 0:12:17.319 waged by a bunch of like parts of the social 0:12:17.360 --> 0:12:21.800 sector to unfold this really dynamic and militant workers movement 0:12:22.360 --> 0:12:25.160 into the state in such a way that there can 0:12:25.200 --> 0:12:28.360 still be politics kind of but it won't actually be 0:12:28.440 --> 0:12:32.079 a threat to the ruling class. And my, my sort 0:12:32.120 --> 0:12:35.280 of like closest thing to this is this very very 0:12:35.320 --> 0:12:38.200 weird period in Chinese history between like the end of 0:12:38.200 --> 0:12:40.839 the short Culture Revolution in like nineteen sixty nine and 0:12:41.000 --> 0:12:44.679 the death of Mao in seventy six, where like the 0:12:44.679 --> 0:12:47.160 most unhinged parts of the Culture Revolution are sort of 0:12:47.240 --> 0:12:50.480 over because Mao has set off, you know, so nineteen 0:12:50.520 --> 0:12:53.000 sixty seven, like Mao sets off this uprising in Shanghai. 0:12:53.160 --> 0:12:55.160 He does this deliberately as part of his strategy to 0:12:55.160 --> 0:12:57.000 like game power of the party. The problem is that 0:12:57.559 --> 0:12:59.760 control of Shanghai is no longer in the hands of 0:13:00.040 --> 0:13:02.319 his communist party, like, like, the workers take the city, 0:13:02.880 --> 0:13:06.200 and this is a disaster because they've all been reading 0:13:06.280 --> 0:13:08.120 about the Paris community. I think of the Paris communis 0:13:08.120 --> 0:13:11.320 that they had like direct elections of people. And there's 0:13:11.360 --> 0:13:14.480 a moment I actually like I found this this moment 0:13:14.520 --> 0:13:16.760 of this transcript where Mao is talking to Joe and Laie, 0:13:17.360 --> 0:13:19.480 and Joe and Lai is like, if we let these 0:13:19.480 --> 0:13:21.920 people do direct elections, like it's going to lead to anarchism, 0:13:21.920 --> 0:13:24.400 and Mao is like, oh shit, we have to stop this. 0:13:25.240 --> 0:13:29.079 So what happens is that he wheels together this baffling 0:13:29.160 --> 0:13:33.880 coalition of like student Red Guards and these somebody some 0:13:34.040 --> 0:13:38.840 like loyal like rebel workers factions, along with a bunch 0:13:38.880 --> 0:13:43.360 of like the remaining party bureaucracy and the military, which 0:13:43.400 --> 0:13:47.040 is a coalition comprised of everyone on every side of 0:13:47.080 --> 0:13:49.439 the cultural revolution, right, Like normally the culture Revolution is 0:13:49.480 --> 0:13:52.760 broken down into very roughly, there are rebel factions and 0:13:52.800 --> 0:13:55.120 there are like government factions, right and He's he's pulled 0:13:55.160 --> 0:13:57.920 together a coalition of a bunch of elements of both 0:13:57.920 --> 0:13:59.880 of them with the explicit thing of we are going 0:13:59.920 --> 0:14:03.720 to end the revolution. And in the short run, what 0:14:03.760 --> 0:14:05.280 this does is it leads the back aft of the 0:14:05.320 --> 0:14:07.800 culture Revolution that people don't talk about very much, which 0:14:07.840 --> 0:14:11.079 is instead of like everyone dying because there are rebels 0:14:11.160 --> 0:14:13.520 running around. Everyone's dying because the state is killing everyone 0:14:13.520 --> 0:14:16.040 to like bring everyone back under control. And that's what 0:14:16.160 --> 0:14:17.760 like most of the people die in the Culture Revolution 0:14:17.800 --> 0:14:21.200 are killed, putting the whole thing down. If you wan't 0:14:21.200 --> 0:14:23.280 trying to understand like what Paranaism is, right, it's his 0:14:23.360 --> 0:14:26.160 ideology of bringing together all of the different sort of 0:14:26.200 --> 0:14:29.400 disparate political factions in a moment. Right, You're bringing together 0:14:29.440 --> 0:14:31.720 everyone from like the fascist on the right to like 0:14:32.120 --> 0:14:34.080 the socialist on the left, and you're bringing them into 0:14:34.120 --> 0:14:35.960 the banner of this one guy and the same And 0:14:36.000 --> 0:14:37.680 the reason Mao is able to do this is because, 0:14:38.080 --> 0:14:42.120 like he's Mao, right, every single faction on every side 0:14:42.160 --> 0:14:45.600 of the Culture Revolution, whatever they're trying to do, is 0:14:45.760 --> 0:14:47.520 justifying it in the name of like, oh, this is 0:14:47.520 --> 0:14:48.240 what Mao wants. 0:14:48.880 --> 0:14:49.840 This is what Parona is doing. 0:14:49.920 --> 0:14:52.440 Right, He's drawing together the entire political spectrum in a 0:14:52.480 --> 0:14:55.360 way that he can sort of stabilize power, take it 0:14:55.400 --> 0:14:59.480 away from like the junta, and forge this permanent political collition. 0:14:59.520 --> 0:15:01.800 And this result in like the sort of total dominance. 0:15:01.840 --> 0:15:03.920 This ideology has a Roger tim politics means that like 0:15:03.960 --> 0:15:09.440 basically every election in Argentina until like Malai takes power 0:15:09.520 --> 0:15:12.240 is an election between the left and the right paronists. 0:15:12.800 --> 0:15:14.240 And okay, okay, I'm so sorry. 0:15:14.320 --> 0:15:17.000 This finally is the end divide attempt to explain Baronis. 0:15:17.080 --> 0:15:18.600 But we're gonna go to ads when we come back. 0:15:18.640 --> 0:15:22.240 I'm gonna actually do this interview that I've been promising. 0:15:22.280 --> 0:15:35.840 I'm so sorry. Okay, we are back. Thank you so 0:15:35.920 --> 0:15:41.800 much for surviving this. This sort of brings us to 0:15:42.800 --> 0:15:47.560 like how he kind of takes power and how you know, 0:15:47.680 --> 0:15:51.320 there's an economic crisis, there's like all this inflation, and 0:15:51.360 --> 0:15:54.400 so he comes in on like I don't know, we 0:15:54.400 --> 0:15:55.960 were talking about this beforehands and we're gonna talk to 0:15:55.960 --> 0:15:58.520 you about this. Like there's all these really weird parallels 0:15:58.560 --> 0:16:02.119 between this and the American election, where it's like except 0:16:02.160 --> 0:16:04.760 the inflation in Argentina is like real. 0:16:04.960 --> 0:16:08.680 Yeah, we just have this sort of like boogeyman version 0:16:08.720 --> 0:16:10.800 of it. They actually have hyperinflation. 0:16:11.560 --> 0:16:15.560 Yeah yeah, I mean really checked the current inflation rate. Yeah, 0:16:15.560 --> 0:16:18.640 I think, I mean it's like several hundred percent right now. 0:16:19.560 --> 0:16:23.440 I think I think it's like three hundred something percent, 0:16:23.560 --> 0:16:25.360 which is actually Lay's entire thing was that he was 0:16:25.360 --> 0:16:27.520 going to stop inflation it's actually it's way worse under 0:16:27.560 --> 0:16:28.280 him than it was. 0:16:29.080 --> 0:16:31.680 The previous like Parna's administration. 0:16:32.200 --> 0:16:33.680 Oh there's one other thing I forgot about it, which 0:16:33.720 --> 0:16:36.080 is like you know, why if you're on the left 0:16:36.120 --> 0:16:37.040 would you take this deal? 0:16:37.280 --> 0:16:40.000 And this also ties into like how this politics? How 0:16:40.040 --> 0:16:41.560 is politics? I took over the state, which is that 0:16:41.680 --> 0:16:45.320 like you know, there were people in Argentina like under 0:16:45.360 --> 0:16:48.200 these Prona's governments got things that are like unimaginable here, 0:16:48.840 --> 0:16:51.120 Like there's one that's important to me, and like obviously 0:16:51.160 --> 0:16:52.840 like it's still you're still living under capitalism. A lot 0:16:52.880 --> 0:16:53.520 of it still sucks. 0:16:53.520 --> 0:16:56.160 But like one of the things that people won under 0:16:56.160 --> 0:16:58.640 these governments was this mandate that one percent of all 0:16:58.640 --> 0:17:03.360 government employees had to be trans, which is like unimaginable here, 0:17:03.640 --> 0:17:06.760 like like even at the height of like you know 0:17:06.840 --> 0:17:10.280 like sort of transacceptance or whatever, like that's there's what 0:17:10.600 --> 0:17:12.720 like that's that's not that's not a thing that's even 0:17:12.760 --> 0:17:16.240 like no one even like thinks to ask about that, 0:17:16.680 --> 0:17:18.240 and like yeah, like I don't know, like yeah, like 0:17:18.280 --> 0:17:20.439 I I might sell my soul to Juan Peron if 0:17:20.440 --> 0:17:22.200 it meant that like none of my trans friends ever 0:17:22.200 --> 0:17:25.159 had to sleep in an alley again like I you know, 0:17:25.280 --> 0:17:28.679 but the wheels fall off of this and they put 0:17:28.880 --> 0:17:32.919 the self described and narco capitalists in power, which is 0:17:32.920 --> 0:17:37.560 this is great and oh god, okay, and this finally 0:17:37.560 --> 0:17:39.200 gets us to the fun part of this. I said 0:17:39.200 --> 0:17:40.560 the top of this episode that like, he did a 0:17:40.560 --> 0:17:42.840 meme coin, right, can you explain what that is? 0:17:43.920 --> 0:17:47.399 Because oh god, yeah. 0:17:47.440 --> 0:17:50.200 So meme coins are a particularly weird part of the 0:17:50.240 --> 0:17:54.439 cryptocurrency world where they basically go out and say that 0:17:54.520 --> 0:17:57.440 this is a token that has no inherent value, which 0:17:57.600 --> 0:18:01.160 I mean, you know, skeptics would argue that that's all cryptocurrency, 0:18:01.240 --> 0:18:05.760 but meme coins very actively embrace that fact, and they're 0:18:05.800 --> 0:18:08.720 often themed around a meme. So, you know, a lot 0:18:08.760 --> 0:18:10.879 of people know of dogecoin, which is themed about the 0:18:11.040 --> 0:18:13.560 you know, around the she but you new dog. They're 0:18:13.600 --> 0:18:16.520 also sometimes just themed around sort of an idea or 0:18:16.560 --> 0:18:20.679 a person or you know, just sort of whatever is 0:18:21.160 --> 0:18:24.040 capturing the public attention at any given moment, and the 0:18:24.119 --> 0:18:27.040 ideas that you buy in and all of the attention 0:18:27.200 --> 0:18:29.440 causes more people to buy in, and if you're really 0:18:29.440 --> 0:18:31.760 good at it or really lucky, you're one of the 0:18:31.800 --> 0:18:33.600 first people to buy in. And so you buy in 0:18:33.680 --> 0:18:36.080 at a low price and then you sell after everyone 0:18:36.080 --> 0:18:39.000 else's bought in and pump the price up higher. That's 0:18:39.000 --> 0:18:41.920 the idea. In reality, it doesn't really work that way. 0:18:42.119 --> 0:18:46.520 It's full of insider trading and market manipulation, and it's 0:18:46.600 --> 0:18:49.240 not sort of a fair game where anyone has a 0:18:49.320 --> 0:18:51.800 chance to be one of those early people. But that's 0:18:51.840 --> 0:18:54.679 sort of the shape of it at least. And so 0:18:55.000 --> 0:18:57.199 I guess that brings us to Libra, which is the 0:18:57.359 --> 0:19:03.160 end coin that Mila was uh convinced I guess to endorse. 0:19:03.440 --> 0:19:06.440 Yeah, I mean, I think this is interesting thing here too, 0:19:06.480 --> 0:19:08.960 where it's like our government is just like a fucking 0:19:08.960 --> 0:19:11.040 meme coin. Now, Like the thing that is it control 0:19:11.040 --> 0:19:14.240 of the American state is Doge the barber of government eficiency, which. 0:19:14.080 --> 0:19:15.359 Is just the Doge coin meme. 0:19:15.960 --> 0:19:21.600 Like, yeah, we're in sort of a post ironic world 0:19:21.760 --> 0:19:25.320 at this point where crypto and the US government are 0:19:25.400 --> 0:19:28.560 somehow completely intertwined. And I guess we should probably mention 0:19:28.640 --> 0:19:31.400 that just before Trump took office, he launched his own 0:19:31.400 --> 0:19:35.600 meme coin, which was the Trump Token, followed very shortly 0:19:35.680 --> 0:19:39.480 after by his wife launching the Malania token, and they 0:19:39.520 --> 0:19:41.520 did what all good meme coins do, which is that 0:19:41.520 --> 0:19:44.000 they spiked in price based on the original interest and 0:19:44.040 --> 0:19:46.320 then they lost everyone a bunch of money once the 0:19:46.400 --> 0:19:49.640 price came back down because with meme coins, people lose 0:19:49.720 --> 0:19:52.199 interest and move on to the next one. And you know, 0:19:52.240 --> 0:19:55.600 the Trump token shockingly does not have enduring value. 0:19:56.400 --> 0:19:58.680