Podcast: Ben Hunt on the Perversion of Modern Capitalism

Tyler and Ben discuss the perversion of modern-day capitalism and how giant institutions and political parties create narratives that divide the country.

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Nick Halaris

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In inaugural episode of Blockworks’ new podcast “Generational Arbitrage,” Tyler Neville speaks with Dr. Ben Hunt, the author of the Epsilon Theory newsletter which reaches over 100K financial professionals in over 180 countries.

Tyler and Ben discuss the perversion of modern-day capitalism and how giant institutions and political parties create narratives that divide the country. Ben addresses the problems with corporate incentives and how that affects the labor pool.

Check out what they had to say in the video below. 👇

The social fabric of contemporary American life is tearing itself apart. On “Generational Arbitrage,” once a week, Tyler digs into the institutions whose promises are left unfulfilled. The generational imbalances are vast and very few can speak out against entrenched interests. Let’s find them!

Episodes are released every Friday morning. 

Subscribe to Empire today on Apple or Spotify. Watch episodes on YouTube.

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Compute demand is two-sided, the precondition for any hedging market. Producers (neoclouds and independent data centers) fear their inventory clears below cost. Consumers (inference platforms and the agentic application layer) fear compute will get more expensive. The common read holds that nonfungibility keeps both off any general exchange, since a buyer wants a named SKU in a named region rather than a basket, so the trade stays bilateral and the only exchange users are dealers hedging their book. That describes launch conditions, but understates how commodity markets form. Canonical benchmarks get made through trading, and reservations standardize as the curve deepens. The dealer-intermediated structure is not the end state, it is the seed of one.

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