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Judd Legum @JuddLegum
, 8 tweets, 3 min read Read on Twitter
1. Ideas can still change the world

For 40 years, workers have seen no increase in real wages

Elizabeth Warren is championing an idea to change that

It's worth taking seriously

Let's discuss

popular.info/p/capitalism-a…
2. Corporations do not exist in nature

They were created by the state for the benefit of the public

popular.info/p/capitalism-a…
3. Normally, people are responsible for their own actions

The corporate form is a legal fiction that shields people from liability

It encourages people to do productive (and risky) things

popular.info/p/capitalism-a…
4. Over time the public purpose of corporations have faded into the background

Corporations have become more powerful than people

They are funneling wealth to the very few at the expense of millions of workers

popular.info/p/capitalism-a…
5. People are empowered to change the corporate form to correct for that

Warren's bill would empower workers to elect 40% of the board of directors for companies that bring in over $1 billion in revenue

popular.info/p/capitalism-a…
6. Corporations have worked this way in Germany since the 1970s

Research has show it reduces income inequality, increases productivity and improves communications between management and workers

popular.info/p/capitalism-a…
7. Maybe this would work in the U.S. and maybe not

But it's a big idea worth considering

We aren't forced just to think about Omarosa

We can also think about serious ideas

popular.info/p/capitalism-a…
8. More on Warren's proposal in my newsletter, Popular Information

Sign up at popular.info
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More from @JuddLegum see all

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TRUMP: "At the request of Democrats it will be a steel barrier rather than a concrete wall."

What Democrat has requested a border wall made of steel?
TRUMP: "The border wall would very quickly pay for itself."

Absolutely no evidence of this. Trump cites the cost of illegal drugs, most of which come through official ports of entry.
TRUMP: "The wall will also be paid for indirectly by the great new trade deal we have made with Mexico."

This is not true. And the deal hasn't even been approved by Congress.
Read 4 tweets
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A total and humiliating capitation to a president with no interest in the truth.

The news media is supposed to inform the public.

They are now being used to disseminate government propaganda.
REMEMBER: When Obama wanted to address the nation on immigration, the networks refused to air it because they believe it would be "overtly political."

What a joke.

goo.gl/a8SSgT
The idea that a Democratic rebuttal or fact-checking will make this better is insulting.

If I break my arm and a doctor gives me a cast, I'm thankful.

If a doctor breaks my arm and hands me a band-aid, it's not a favor.
Read 3 tweets
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Any network that airs this live is knowingly participating in a disinformation campaign
Some conflicting info, but @JenniferJJacobs of Bloomberg says the networks will air this live

This show just how deeply the mainstream media misunderstands Trump and his tactics

@JenniferJJacobs This is what happened when Obama gave a primetime address on immigration in 2014
Read 4 tweets

Related threads

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Angela Nagle's article on why leftists should support migration restriction is terrible garbage in its politics and it's also poorly researched. I wouldn't think it's worth engaging but people in milieus I care about for some reason are engaging her. So, some thoughts. First, as
counterpoint to her repugnant call for stricter use of E-Verify people should read this by the National Employment Law Project. s27147.pcdn.co/wp-content/upl… The gist: lots of negative effects in the penumbra of e-verify, and a clear alternative=confer legal status. I'll that I wish
the NELP report made a stronger appeal to principled internationalism. It's implied though, in the ending, the points on page 4. The core of those points: increase migrant workers' real access to rights through better enforcement and limits on employer ability to use immigration
Read 20 tweets
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Donald Trump’s day so far:

- Elizabeth Warren takes DNA test
- Proves she’s part Native American
- Trump blames Saudi Arabia murder on “rogue killers”
- Heads to Florida to see hurricane damage, after not sending any help
- Maybe he’ll bring paper towels
- It’s still only 10am
The real reason Elizabeth Warren chose right now to hit Donald Trump palmerreport.com/analysis/now-e…
Donald Trump Jr stunned into silence by dire prediction palmerreport.com/analysis/silen…
Read 16 tweets
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Google optimizes for relevant answers, factual information and high-quality content -- not “political-based ideology that may or may not be true.”

theatlantic.com/technology/arc…
This is a perfect example -- IBD laments the lack of focus on rising wages (and you I have been all over this for years) but ignores rising inflation, which makes real wages falling over past 2 years. . .

No one left or right has a monopoly on silly ideas, bad dope, or misinformation, but it is the far right wing that seems to specialize in willful misinformation.

Here is an idea: Want a better Google rank? Stop trafficking in utter Bullshit
Read 6 tweets
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First attempt at a twitter thread, so here goes nothing (bare with me here):

This is Robert C. Allen's graphical representation of "Engels' Pause"--the existence of two-phase real wage growth in the UK during he Industrial Revolution.
As you can see, real wages are stagnant from the beginning of the IR to around 1835ish, most likely 1840 if we're talking about a real guarantee that wages are going to keep going up as opposed to down. For comparison's sake, the "Communist Manifesto" was published in 1848.
What's interesting--and what I don't think Allen gets into much in his analysis--is the startling correlation with wage growth and several key moments in the history of the Labour Movement in the UK, let alone the rest of the world. Here's what they are:
Read 35 tweets
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It is very difficult for most members of the American press/academia/punditry to accept the idea that their core thinking on climate change and the planetary crisis has been bounded and shaped by Carbon Lobby propaganda... much less grapple with the implications of that fact.

1/
Nonetheless, almost all of us accept as givens ideas about climate change and global sustainability and frames about how to discuss them that were never true, or are no longer true.

2/
There's the really obvious one: The idea that the science of climate change is in question.

No real debate about the science of climate change has existed for at least two decades (arguably much longer)—it's here, we're causing it, it's getting worse and we know why.

3/
Read 26 tweets
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We are dying younger, in part, because of deliberate policy choices made over decades:
• Rejecting universal health care.
• Cutting taxes for the rich.
• Shunning income support.
• Abandoning universal child care.

Those choices increasingly set us apart in the world. #SDoH
“...any man’s death diminishes me,
because I am involved in mankind.
And therefore never send to know for whom the bell tolls; it tolls for thee.”
#SDoH #Interdependence #PEoH theincidentaleconomist.com/wordpress/us-l…
“We are the wealthiest nation on earth, but far from the healthiest, and things are getting worse, not better.” #SDoH #PEoH #HiAP #IRoS statnews.com/2018/01/04/lif…
Read 154 tweets

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