@interfluidity
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a sad problem with being a zillionaire is the mistakes you make can have such catastrophic impact that people’s default sympathy — you’re only human we all fuck up — gets withheld, becomes untenable, callous to offer or give.
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seems like everybody impersonates
@VitalikButerin
, but you gotta love the blue check and prominent amplification.
(p.s. THIS IS A SCAM)
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libertarians dislike social democracy, but social democracy is about creating the conditions under which the stuff libertarians presume is true but usually isn’t actually is true.
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"average pay isn't keeping up with inflation, so real wages are declining" is like the passive voice. a more active way of putting it would be "capital is taking a greater share of national income by raising prices faster than wages."
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the US celebrated Twitter’s role in the Arab Spring.
now Saudi Arabia’s ruling class, hand-in-hand with American authoritarians, celebrate its role, our role, in an American Autumn.
The motor of history is the resentments of the powerful.
from
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what
@ryanlcooper
describes in North Carolina is not cowardice but straight up corruption, people sacrificing the interests they are charged to serve for career security.
every NC Democrat who voted for that gerrymander should be primaried and never serve in public office again.
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i’m a cranky old guy but so much serverless tech shit i read today is just a recapitulation of ideas i was teaching as “enterprise java beans” two decades ago, except then the organization would control the app server rather than ceding it to some oligopoly cloud.
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if you don’t want poor people invading your suburb, support a social democracy in which there are no poor people to fear.
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all these years we called it the web, and it never occurred to us to wonder who the fly was.
Web 1.0: It' all about information!
Web 2.0: Let's go social!
Web 3:0: Weaponized/monetized fraud; bots & trolls polluting the public sphere; organized attention manipulation ops; censorship via information glut, distraction and undermining credibility: Internet of Fake Things!
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this does give lie to all the excuses. “the US is big. it’s not like China, it’s heterogeneous and decentralized.” well, so is the EU. and yet. ht
@nycsouthpaw
The population of the US is 330 million
The population of the EU is 446 million
[source ]
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Dear Members of Congress,
I have great news!
Under our constitutional system, you don’t have to petition the executive with open letters like scruffy activists. You get to command the executive, by passing laws to which it must comply.
Amazing, right?
Letter from 46 senators (43 Democrats and 3 Republicans) calling on the Biden administration to "create a humanitarian parole category" for Afghan women leaders, activists, judges and other public figures to quickly and efficiently relocate to the U.S.
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a good point from a excellent interview with
@chrislhayes
. TV news watchers have no basis to evaluate the relative frequency or potential ubiquity of catastrophes, since on television they are always and all the time. ht
@IvanTheK
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shouldn’t we hold the people who sign “no knock” warrants also accountable, for consequences that are a predictable risk of what subjects of those warrants experience as a home invasion?
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The For The People Act—on whose redistricting reform the continued viability of the Democratic Party depends—will be a real test of Democratic "moderates" indefensible fealty to the contemporary filibuster. cf
@EricLevitz
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i hate this stuff. i hate it when warren did it, i hate it when bernie does it, even though these are the two candidates i love. 1/
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what i like about this guy is he’s a GWB-admin alumn who’s had the decency not to try to exploit the Trump administration as an opportunity to rehabilitate himself.
Biden to ABC News: I’m not going to divide people.”
Biden to a black audience: “Republicans want to put y’all back in chains.”
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what public housing should be.
Another cool thing from Helsinki:
This 6 story, 22 unit public housing rental point block apartment from the City Housing Production Office & Heka.
Studios to 4 bedroom units, rooftop sauna, single stairwell and built with mass timber.
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.
@d24nOrg
(i'm on the board) recently engaged Tim Roughgarden (
@algo_class
) to do a careful analysis of a proposed replacement (EIP-1559) for Ethereum's current transaction fee auction
Tim's giving a virtual talk on that, followed by Q&A w/
@VitalikButerin
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wuhan is a city the size of nyc i really wish i knew at least some mythologized version of it through film, like we all know nyc.
china now is full of these remarkable cities why are they so anonymous to me? where are the netflix police procedurals to let me in on some color?
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in one graf by
@mattyglesias
, why much of the country sees in progressivism not moral authority, but weaponized sanctimony subject to the convenience of particular people and institutions. Bill Clinton is now costless to shun, and so we will.
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if 2008 was Minsky’s moment, 2021 is Kalecki’s.
excellent from
@ezraklein
ht
@mattyglesias
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“The police are not using brutality to enforce ‘the law.’ They’re using the law to enforce something else: a particular social order that is, to them, worth fighting for… they are a political force with specific goals.”
@pareene
via
@mikethemadbiol
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the internet used to feel like an infinite city. now it feels like a sterile shopping mall.
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"South Korea calls people twice a day in quarantine to see how they are doing, if they need medical help or food, and to schedule a follow-up test when they are feeling better."
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Deployment of monopsony power in the public interest is an essential tool of modern statecraft. The United States’ reluctance to use that tool has given us the worst healthcare system in the developed world. What it is doing now is indescribable.
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human talent isn’t scarce. so to imbue it with exchange value, we invent institutions (formal or informal credentialing + development bottlenecks) that help to render it scarce. we place preserving social hierarchy above maximizing productive contribution.
ht
@saraht_74
@edroso
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the toddler is naturally a capitalist with respect to what is in his possession, naturally a socialist with respect to possessions of others
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when i was young and optimistic, i thought we were evolving towards a chill, "post-affluent" society. instead, we've built a thunderdome of brutal status competition fueled by artificial scarcities.
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don't ever listen when people try to tell you what not to do.
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It’s a fucked up thing that America’s fascist political coalition is getting amped to run against the Democratic Party from the left.
Self, how did we get here?
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An interesting choice
@MattBruenig
makes with his family benefits proposal is to emphasize “fun” — parenting should be fun! — in sharp contrast to the rhetoric of sacrifice that dominates our political discourse. 1/
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solar energy is a terrible idea. power that literally falls from the sky would deprive people of the dignity of mining and drilling.
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when the kid had to visit a pediatric ER in Germany this summer, they sternly demanded payment up front in cash, since we are not residents. 100€, they required. then they sent a statement to us in California, noting an overcharge, that we now have a 38€ credit balance.
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It’s not that organizations like CAP and Brookings don’t do good work. Of course they do. It’s their business model to offer enough good work to effectively camouflage the influence their donors wish to buy.
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they call this the hellsite but occasionally i look at facebook and it is fucking terrifying.
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you can have strong party discipline. you can have a two-party system. but you can't have both and have an effective democracy. that's not enough notes for the electorate to sing its song.
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it’s technocratically shoddy to conflate these different concerns, or imagine fiscal balance can be a summary statistic for them. and yet campaigns issue these “pay fors” precisely to appease high prestige (but low quality) technocrats. it infuriates me. /fin
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arresting protestors engaged in nonviolent civil disobedience is normal, the price of civil disobedience, though there are always arguments abt biases in discretionary enforcement. cutting people out of the financial system without due process, however, is a startling innovation.
I'm still trying to get my mind around this tweet. Does she not know that for many decades cops in the US have arrested nonviolent protesters and the organizers of nonviolent protests, without anyone on her side ever suggesting that was "horrifying"?
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i’m not an MMTer, am sympathetic to some of their views, critical of others. but i get angry on their behalf by how much “mainstream” (liberalish) economists have embraced views of MMTers they used to ridicule, without acknowledging any debt or even tht their position has shifted
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so, suppose a guy like Chris Christie—let’s just say with staff like Chris Christie’s—headed an executive branch that included the NSA.
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In a war, you don’t fight all your battles at once. You concentrate your forces and win discrete victories. You avoid opening unnecessary flanks. 1/
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since there is no economic basis for a competitive private market, niche generics should be publicly produced and sold at cost. ht
@matthewstoller
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A succinct, accurate précis of the Obama presidency can’t help but be cutting. Excellent, by
@ryanlcooper
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the thing about a guy like joe rogan is that his style of podcast — endless, full of banter — is a friendship substitute for people. completely orthogonal to politics, fans who think he’s been hard done may rally emotionally around him as if standing up for a personal friend.
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pretty remarkable, considering that prior to February much fewer than 9 out of 10 Americans even received paychecks!
Happy February! 9 out of 10 Americans are going to see more money in their paychecks starting this month thanks to tax reform.
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Scandinavian countries are socialist to people who like socialism and capitalist to people who like capitalism. Which is why they are better for everyone!
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contemporary politics is the art of weaponizing confirmation bias.
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a “poorly targeted” (i.e. universal) benefits state is a positive good, not a thing to lament at any level. it’s the obligations state — the tax system — which should be targeted to discriminate by income.
You go to war (on poverty) with the safety net you have, not the one you might want or wish to have at a later time.
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we tax to address a variety of concerns. to address inflation concerns, we must tax the middle class. to address plutocracy and financialization concerns, we must tax the wealthy. these different concerns are not fungible like dollars on an accounting statement. 3/
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The details might be challenging but the basic story is simple: Your working 60 hour weeks, to the degree it is financially motivated, is not virtuous but imposes huge negative externalities through competition onto the rest of us. We should tax the fuck out of it.
American employers became obsessed with long hours and 24/7 availability. But if you're a parent who's on call at work, someone else has to be on call at home. That's usually the mother. This has CANCELED OUT the gains from women getting more education:
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not only must you read widely, you must read widely charitably. that, it turns out, is the hard part.
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alignments and outcomes:
working class+professional class ⇒social democracy
professional class+plutocrats⇒liberal plutocracy (“neoliberalism”)
working class+plutocrats⇒fascism
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i don’t know why anybody buys masks when you can just walk around and pick one up off the ground any time you feel like it.
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the times aren’t terrible because we have forgotten how to be civil. we find it difficult to be civil because the times are terrible. cf
@ebruenig
ht
@mattyglesias
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It astonishes me the degree to which the bipartisan political class is unwilling to accept or even pretend to accept COVID as a shared, universal burden. If their special ventilation is so awesome they can safely hold indoor events, in some sense that makes it even worse.
This strikes me as a bad idea, a dangerous idea. It’s also exactly the wrong message to send to America as the pandemic spikes.
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the world is awash in capital, but we’re not building cities or developing the “developing world”. the world is awash in capital, there is tremendous cleverness in finding ways to transform “capital” into balances of personal bank accounts.
from
@ritholtz
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i got my second shot; you can refer to me as post-Moderna.
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when someone gets played over and over and over again in exactly the same way, is it unreasonable to wonder if they are getting played, or playing along?
Sometimes it is just wearying, contemplating how thoroughly Dems get played -- the same tricks over and over, Lucy with the football, and they never learn. Pelosi still thinks the empty gestures of "fiscal conservatism" are impressing someone, or gaining her something. Argh.
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Congress acting to enable the Fed to purchase equities directly while finding itself unable to channel dollars to people who can’t make rent is a nightmare and the base case.
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it’s the wonk in me that hates it. in order to appease the technocrats, they address a conventional, “serious”, but in fact mostly incoherent criterion (fiscal balance in an accounting sense) with plans that cannot actually “pay for” programs in a substantive sense. 2/
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$15 by 2025 is incredibly tepid, not bold. it is entirely the opposite of too much.
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there are civilized countries. ours could be one too.
This guy documented his stay at one of South Korea's government quarantine facilities. All I can say is America is living in a dark age.
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the implication that this statement would be antisemitic strikes me as pretty antisemitic.
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word of the quadrennium: truckle — to yield out of weakness, try to gain favor by cringing or flattering, to fawn, toady, bootlick, kowtow, suck up, bootlick, apple-polish
(thx Advanced English Dictionary & Merriam Webster)
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lots of recession predictions but why? inflation seems a past problem, supply distortions due to war + pandemic are receding (barring some awful escalation), Europe’s energy crunch has been milder than expected. what’s the case for a recession or even unusually slow-growth 2023?
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if you do not have extreme and opposing opinions about China, you aren't paying attention. a humanitarian miracle, an authoritarian nightmare. the emerging frontier of human achievement, a looming threat to rights and liberties.
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chutzpah is selling books about how to contact your own customer service.
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whatever word you want to use for it, how bad you view stuff like this to be is a big dividing line within the Democratic coalition. there’s a faction that considers this kind of thing pretty normal, and another that wants to burn that faction down.
It may be vaguely sleazy but it is not corrupt in a literal sense unless Joe helped him, and there's zero evidence of that.
These people are just advancing a Trump smear out of pure tribalism.
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average, sure. but not median.
it’s not the american left that is mistaken here. ordinary people lead sibstantially better lives in the elsewheres the american left admires.
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no, do.
small businesses offer per se benefits in terms of human-scale agency and control. the right response to the problems
@MattBruenig
points to wld be to make benefits provision a state rather than firm responsibility and to unionize at the sectoral rather than plant level.
We shouldn’t fetishize mom and pops. They offer lower wages, skimpier benefits, and inferior labor protections.
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my unpopular opinion: people who punch Richard Spencer, break windows or burn stuff, are just doing Steve Bannon’s work for him. be smart.
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i just faxed (i know) this to both of my senators. i'd love it if you got in touch with yours too!
cc
@SenFeinstein
@SenAlexPadilla
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“the policies and practices necessary to make homes increase in value over time are social poison.”
@ryanlcooper
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It was only during an era of extraordinary American soft power that hegemony of a few US firms over communications could have been accepted by across sovereign boundaries. That era is, for good or for ill, very likely over.
This is all much bigger than US politics.
It is a matter of national security for India, Israel, and every other country to maintain a sovereign communications channel for their leaders to reach their people directly.
The world cannot be ruled by American corporations.
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has this debilitating, unprecedented, absolutely fucking horrible and terrifying crisis caused anyone to change their mind about anything?
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Fuck Bloomberg for doing this, but please, STAY IN LINE. You are motherfucking heroes out there.
It’s not about who wins or who loses, it’s about how many delegates a candidate gets and every vote counts.
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I wonder what it would do to recidivism, if instead of paying crap wages that prisoners spend on overpriced in-prison services, prison labor were decently paid into an account that would become their nest-egg upon release?
It would cost only 0.6% of the
@CACorrections
budget to pay these 2,000 incarcerated workers the same salary as the average entry-level California firefighter.
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“fiat money is very effective” (slides to a talk i gave yesterday on the subject at
@EthereumSV
)
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Uber is explicitly organized to take an entire ecosystem of what it claims are “independent contractors” and set their prices, but collective bargaining by those contractors would be an antitrust violation. Okay then.
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the prize for winning the market contest is escape from the discipline of the market.
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i would like to see a great deal of organization and planning by nonbelligerent powers for how we can work together to forestall global hunger and unrest due to shortages of fertilizer and wheat provoked by the war.
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the typical Trump voter was a typical Republican, unusually affluent, unusually white. the *marginal* Trump voter, the one most close to pulling the other lever, may well have been or belonged to communities of downwardly mobile proletarians. it's the marginal voter u try to win.
The notion that the typical Trump voter was a downwardly mobile proletarian -- who objected to the mogul's racism, but longed for drastic, economic change -- has no empirical validity.
But it's fine for 2020 candidates to pretend that it does.
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Single best piece I’ve ever seen on the nitty gritty of Medicare-For-All, covering how to shift cash flows from insurers without screwing the currently underpaid, how to think abt utilization and (not) cost sharing, and much more.
@MattBruenig
@dylanlscott
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the goto move of the Trump campaign has been to do stuff that outrages elites but not his potential voters as a means to free publicity.
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if you are not asking yourselves “are we the baddies?” and really agonizing over it with some frequency, you are probably the baddies.
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the industrial trend of the last two decades was supply chain efficiency. let’s hope the next two are devoted to supply chain resilience.
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“Once you learn to recognize this simple mistake, you see it everywhere.” Excellent. by
@humantransit
“Elite projection is the belief, among fortunate and influential people, that what they find convenient or attractive is good for the society as a whole.
It is perhaps the single most comprehensive barrier to prosperous, just, and liberating cities.”
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how you vote is always your prerogative. i don’t want to bully anyone.
But the, um, coveted
@interfluidity
endorsement goes to
@BernieSanders
.
i hope that you will join me and vote for him in the primary. /fin
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today was my wife's first 4th of July as a US citizen. for all of everything, still something to celebrate.
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if it weren’t already grandfathered in, even the politicians i like would be saying that free, universal elementary school was pie-in-the-sky and too expensive, propose “affordable” schooling on an ACA-ish means-tested sliding scale. sigh. ht
@paulkrugman
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people like "run the labor market hot!" then as soon as we do they're like "lazy workers get out the whip!" if you want worker bargaining power to increase you gotta tolerate some discomfort for employers and customers.
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