Sampling wealth, streaming poverty: the soundtrack of global capitalism

Music hasn’t escaped the grip of capital. In this episode of Cultural Economy in the Kitchen, Philip Roscoe and Addie McGowan unpack the collision of sound and finance with guests Paul Rekret and Elizabeth (Betsy) Carter. Paul takes us back to the glossy excess of late‑90s Bad Boy Records, where hip‑hop’s “sensuous abstraction” of wealth mirrored the industry’s own slide into financialised logic, weaving wealth into sound itself through aggressive sampling and a new “player” aesthetic. Thirty years later, musicians are broke. Betsy uncovers the brutal economics of today’s streaming era, where platforms chase data, labels hoard catalogues, and musicians scrape by. Listen as the conversation exposes a music economy that is both dazzling and extractive.