Discover and read the best of Twitter Threads about #toobigtojail
Most recents (7)
Auditors lubricate capitalism, keeping finance's gears smoothly a-whirl, so investors can move money in and out of companies without poring over their books or walking their facilities. Without auditors, capitalism's gears would grind to dust:
pluralistic.net/2021/02/18/ink…
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pluralistic.net/2021/02/18/ink…
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/05/09/din…
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pluralistic.net/2023/05/09/din…
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Unfortunately for capitalism, auditing is irredeemably broken. The Big Four auditors (#PWC, #EY, #Deloitte and #KPMG) have merged to monopoly, becoming #TooBigToFail and #TooBigToJail.
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Amazon is *very* proud of its #flywheel: first, they subsidized customers, luriing in sellers. Then they demanded lower prices, luring more buyers. With more customers, more sellers piled in. Faster the flywheel spins, creating the #EverythingStore:
fourweekmba.com/amazon-flywhee…
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fourweekmba.com/amazon-flywhee…
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/25/gre…
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pluralistic.net/2023/04/25/gre…
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The flywheel is everywhere - they even teach it in business-schools. But Amazon is not a reliable narrator. It doesn't tell the truth about the flywheel. To understand what's really going on with the flywheel, you have apply #enshittification to it.
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When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
For many #ConstitutionalLaw scholars, last years' #Dobbs decision on #AbortionRights at the #SupremeCourt came as a dismaying shock, because it showed conclusively that #conlaw wasn't a realm of ideologically consistent intellectual foment, but rather, a matter of *politics*. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/03/25/con… 2/
pluralistic.net/2023/03/25/con… 2/
Writing for @CreditSlips, the #FinanceLaw scholar #AdamLevitin admits to feeling a bit of schadenfreude in that moment. The "blue collar" law scholars in "grubby" banking and money fields have always treated the conlaw set as "slightly clueless toffs":
creditslips.org/creditslips/20… 3/
creditslips.org/creditslips/20… 3/
Seven years ago, I called #LeonardCohen's *Everybody Knows* "the perfect anthem for our times."
> Everybody knows the fight was fixed
> The poor stay poor, the rich get rich
> That’s how it goes
> Everybody knows
memex.craphound.com/2016/11/11/leo… 1/
> Everybody knows the fight was fixed
> The poor stay poor, the rich get rich
> That’s how it goes
> Everybody knows
memex.craphound.com/2016/11/11/leo… 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/03/16/com… 2/
pluralistic.net/2023/03/16/com… 2/
That was just after Cohen died, and while the world seems to want to settle on *Hallelujah* as his totemic song, *Everybody Knows* keeps inserting itself into the discourse, in the most toxic, hope-draining way possible. 3/
Yesterday, Congress finally passed the must-pass, end-of-year budget bill. As usual, the bill was stalled to the last moment, so Congressjerks could cram the 4,000-page, $1.7 trillion package with special favors for their donors, at the expense of the rest of the country. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2022/12/22/mus… 2/
pluralistic.net/2022/12/22/mus… 2/
This year's package included a pair of especially egregious doozies, which were reported out for @TheProspect by @leee_harris ( a grotesque retirement giveaway for the ultra-rich) and @dorajfacundo ( a safety giveaway to @Boeing and its lethal fleet of #737Max aircraft). 3/
BEFORE READING THIS THREAD, do you think this statement is TRUE or FALSE?
Despite being a documented #epidemic for decades, @HHSGov's #CenterForDiseaseControl(@CDCgov) intentionally obstructs its collecting #statistics on what causes at least 10% of deaths NEEDLESSLY every year.
Despite being a documented #epidemic for decades, @HHSGov's #CenterForDiseaseControl(@CDCgov) intentionally obstructs its collecting #statistics on what causes at least 10% of deaths NEEDLESSLY every year.
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HINT: You already know of these systemic #DataScams due to #PublicCorruption & #RegulatoryCapture:
🤥#HackedVoting/#illegitimateResults
🤥#UScensus is maliciously biased
🤥#Gerrymandering
Thread coming soon about #CauseOfDeath #DataFraud
#AmericanSwamp #MedicalControlFraud
HINT: You already know of these systemic #DataScams due to #PublicCorruption & #RegulatoryCapture:
🤥#HackedVoting/#illegitimateResults
🤥#UScensus is maliciously biased
🤥#Gerrymandering
Thread coming soon about #CauseOfDeath #DataFraud
#AmericanSwamp #MedicalControlFraud
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ANOTHER HINT: My inability to escape intrahospital, interhospital & health/disability insurers’ #ConspiracyAgainstRights using #MedicalControlFrauds exposes motive of the right answer.
Watch this video later to understand #PublicCorruption by example📽️
ANOTHER HINT: My inability to escape intrahospital, interhospital & health/disability insurers’ #ConspiracyAgainstRights using #MedicalControlFrauds exposes motive of the right answer.
Watch this video later to understand #PublicCorruption by example📽️
