"$1.4215t/year without even breaking a sweat, just by tacking (some of) the country's worst looting and tax evasion." "There's plenty of scenarios where interest payments result in the remaining $580b/year in savings, bringing the total up to $2t." "Now, sucking $2t/year out of the US economy all at once..." would hurt the economy, so best to phase cuts in over time.
“I’ve always been very, very lightly edited on the column,” he said. “And that stopped being the case. The editing became extremely intrusive. It was very much toning down of my voice, toning down of the feel, and a lot of pressure for what I considered false equivalence.” And, increasingly, attempts “to dictate the subject.”
@pluralistic what a great term: accountability sink. There are everywhere.
"The insurance company merely serves as an accountability sink, a layer of indirection that lets a murder happen without any person being the technical murderer:"
"Look, I’m done. I poured years and endless hours into establishing myself on walled garden services administered with varying degrees of competence and benevolence, only to have those services use my own sunk costs to trap me within their silos even as they siphoned value from my side of the ledger to their own." -- @pluralistic
"In 20 U.S. states, there are fewer than 1,000 newspaper employees remaining. While declining journalist employment attracts much attention, newsroom jobs account for only a third of newspaper positions. Many of the losses in the remaining positions occur largely unseen as newspapers reduce delivery schedules and consolidate printing operations."
From Northwestern's Local News Initiative's 2024 Report:
"Since 2005, more than 3,200 print newspapers have vanished. Newspapers continue to disappear at a rate of more than two per week; in the past year alone, 130 newspapers have shut their doors. In addition to these closures and mergers, papers are reducing their print coverage, including shifting from dailies to weeklies or ending print publishing altogether."
@pluralistic This blog post looks excellent. I look forward to reading the rest of it later today.
"When Congress created an agency to punish "unfair and deceptive" conduct, they were saying to the American people, "You have a right not to be cheated." While this may sound obvious, it's hardly how the world works."
"the confusing jargon of finance is not the product of some inherent complexity that requires a whole new vocabulary. Rather, finance-talk is all obfuscation"
@pluralistic "40 years later, nearly every industry is dominated by a handful of companies, and these companies price-gouge us with abandon. Worse, they use their gigantic ripoff winnings to fill war-chests that fund the corruption of democracy, capturing regulators so that they can rip us off even more, while ignoring labor, privacy and environmental law and ducking taxes."
"Despite being a raving commie loon, Smith's observation was so undeniably true that regulators, policymakers, and economists couldn't help but acknowledge that it was true. The trustbusting era was defined by this idea: if we let the number of companies in a sector get too small, or if we let one or a few companies get too big, they'll eventually start to rig prices."
"A trio of antitrust cases on the docket threaten to reshape Google’s business and sap its profits."
@nicoagrant RT Google’s Play Store case was the first test of how it might fare in the antitrust gauntlet it faces in the U.S.—and Google was routed. The loss could preview its fate in two bigger antitrust cases that could weaken the influential internet business in 2024
"The problem for the West... China’s industrial dominance is underpinned by decades of experience using... all the levers of government & banking, while encouraging frenetic competition among private companies."
“In 2022, Beijing accounted for 85% of all clean-energy manufacturing investment in the world”
Excellent convo about attacks on US voting rights in the US & their defense. Also discusses what you can do to defend US voting rights.
“Dahlia Lithwick is joined by @marcelias , who has litigated more election and voting cases than almost anyone, to talk about Alabama’s disregard for SCOTUS’ decision in the big Voting Rights Act case of last term, and why the lawlessness is the point.”
@ryanhoulihan has a great question, has anyone developed an event/invite tool? platform? for the fediverse? I know many people that are on Facebook just for the events/invite function. Would be a powerful addition to Mastodon/the Fediverse.
I want better 🇺🇸 policy debate; stronger political center. Interests: economy - esp anti-monopoly, healthcare, pro-democracy - 🦉 curious. Really appreciate meditation 🧘🏻♀️, health, beauty, good 🍽 & 🍷.I HAVE A DREAM: of healthier iSpaces. Mastodon is part of manifesting that dream. May the citizens of the 🇺🇸 rise up and disrupt enshittification.More about healthy iSpaces - BBC's Rethink: Is the internet getting worse? https://www.bbc.co.uk/sounds/play/m0022z9r