Matt Stoller
@matthewstoller
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Researcher at https://t.co/2sa8IVbyFk Publisher of BIG: https://t.co/8QDW3bGtIv Co-host of Organized Money: https://t.co/nyRbG31qns
Washington, DC
Joined March 2007
1. My newsletter BIG on monopoly power just went paid. You should subscribe. I'm surprised by the outpouring of support, but I shouldn't be. People hate monopolies because we hate being dependent on another's will. It's the humiliation. It's this image. https://t.co/XZ3U4kLUgq
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Both Trump and the left have a strong incentive to lie that China sold TikTok to American conservatives, even though that hasn't happened.
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"To the end consumer, it creates an optical illusion. Walmart appears to be a low-cost retailer, but that’s because it induces its suppliers to push prices up at rivals." Exactly right.
Now we've finally learned the real story behind Pepsi's greedflation episode during Covid - it was a market power problem, a scheme with Walmart to inflate prices and consolidate the grocery market. And Trump's FTC Chair tried to hide it.
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Even in the socialist paradise of Sweden...
Data on *every* firm and worker in Sweden over decades shows "On average, workers’ pay falls by about five percent in the five years following an acquisition, driven by both wage cuts and layoffs."
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"We need private equity out of health care altogether.” Yup.
This shady deal was BLOCKED. A private equity company tried to abuse the bankruptcy system to slither out of paying what they owe to seniors neglected in its nursing homes. We stayed in the fight and the deal was blocked. Next, we need PE out of health care altogether.
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When there's a disagreement, I try to figure out who is right on the merits. A lot of people really want to find some form of consensus. It's weird.
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“You don’t pay $235 million for the right to produce a sequel to a movie that cost $40 million because you think it’s going to generate 8 million new subscribers. You do it to chop a leg out of the theatrical ecosystem.”
I am not the biggest fan of the KNIVES OUT series but I found the new one, WAKE UP DEAD MAN, oddly moving as it's the first in the series to treat its villains with a shred of empathy. It's also Rian Johnson's most interesting movie, visually, since BRICK.
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Per the @FT, "More than 9mn US student loan holders have missed at least one payment this year, as delinquencies in the $1.7tn market soar.... The government’s Financial Stability Oversight Council said this week that student loans were “a notable exception” to low default rates
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The Democratic Party also has the legacy of the Granger movement, the Antimonopoly Movement, and the Populist Movement of the 1880s and 1890s — if it is willing to claim them.
Our party, the Democratic Party, has the legacies of the labor movement, the civil rights movement, and the suffragette movement. We need to tap into these legacies and take our party into the future.
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This one held up. Noam Chomsky is yet another false idol.
I’ve disliked Noam Chomsky ever since he falsely alleged Aaron Swartz illegally hacked academic systems. Chomsky is just your standard operating corrupt elite. Unsurprising he’s an unapologetic friend of Epstein.
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Big Tech duping pro-Palestine activists to do their bidding on Section 230 is truly sickening. In case some people haven’t noticed, Big Tech can ALREADY silence whatever voices they want — and they have, in fact, ALREADY suppressed pro-Palestine and anti-Israel messages on
If Congress successfully repeals Section 230, say goodbye to the internet, esp. social media, as we know it. If platforms can be held liable for what’s posted on them, they won’t simply allow anyone to post anything at anytime. That this is happening at a time when prominent
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Peking University professor calls Netflix acquisition of Warner Brothers “an extinction-level event” for Cinema
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“It's hard to imagine a worse job being done by a CEO. Yet, during his tenure as CEO, Zaslav got paid about $150 million combined in compensation for destroying the company. And with this transaction, Zaslav will make an additional $550 million. There really is something wrong
Steve Eisman shares his views on Warner Bros and overpaid, underperforming CEOs, I’m glad he seems a bit better this podcast. https://t.co/mQ3YCsktHM via @YouTube
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Amid the crushing of labor as a political force over the last 30 years, antitrust/anti-oligarchy is the only new movement thats made real policy change threatening the power of big money. This is probably why billionaires, corporations, identity liberals, neoliberals, elite
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People act like Trump got China to sell TikTok but there’s no evidence that he actually did. Now he’s delaying the law AGAIN. My guess is that TikTok isn’t going to be sold to American investors and Trump will be too embarrassed to admit it.
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U.S. Senate candidate James Talarico (D-TX): "The only minority destroying this country is the billionaires."
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Yes touching a single hair on the head of any big tech firm means that the bad guys win. Great point.
If Congress successfully repeals Section 230, say goodbye to the internet, esp. social media, as we know it. If platforms can be held liable for what’s posted on them, they won’t simply allow anyone to post anything at anytime. That this is happening at a time when prominent
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Laws limiting Meta and Tiktok's ability to maximally mine kids data and serve them maximally addictive content are good, actually. Age-gating is good for all kinds of things, from cigarettes to alcohol to social media to porn. No kid should have to have thousands of "kill
I wrote about the unprecedented mass censorship and surveillance laws that Congress is trying to ram through in the name of “protecting kids” and how none of this is about protecting kids. In fact, these laws cause great harm to all of us, for @zeteo_news
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Morgan Lewis attorneys say currently: 1) PE is no longer receiving "disproportionate scrutiny" 2) "M&A activity is surging" 3) "litigation levels remain low" & "most merger resolutions are now achieved through settlement" 4) Sec 8 "enforcement has largely receded."
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"In East Asia, China will likely move to enforce its own version of the Monroe Doctrine. Beijing will continue to use incremental tactics and economic coercion against neighbors to pressure them to decouple or distance themselves from Washington. In coming years, the extent to
“China today is already more powerful than the Soviet Union was during the Cold War,” writes @profLind. “Modern China, then, is not just a great power but a superpower. The world, in short, is bipolar.” https://t.co/M1A0H2hasP
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