1. There are two distinct claims that 'progressives' make about traditional Democratic power brokers that should be separated. The first is purely about the merits of specific legislative ideas, aka Medicare for All. The second is whether to wield power.
2. These are related thought distinct claims. Feinstein opposes the substantive underlying policy goals of progressives, which she and they argue is revolutionary/radical. She *also* opposes wielding power through public institutions, which is just unpopular and anti-democratic.
3. Progressives tend not to argue for basic functioning of our democratic institutions, but orient themselves around the politics of romanticism and grassroots uprising towards radical objections. The path of romanticism however has failed to deliver.
4. Sometimes progressives argue for 'Sewer Socialism,' referencing socialists in the 20th century who won by filling the potholes. But that leaves aside a tradition of hyper-competent New Dealers who governed effectively and powerfully (and their 19th century forebears).
5. By embracing romanticism instead of basic democratic competence, progressives allow Feinstein to portray herself as a moderate in the face of their ideological extremism. A different and more powerful approach is to use Thomas Paine's frame of Common Sense.
6. Ultimately Feinstein represents a large chunk of the Democratic Party, people deeply uncomfortable with wielding power. But these people never have to address the stakes of supporting, say, surprise billing because progressives don't force the issues.
7. It's not moderate to do what Feinstein is doing. And not because she doesn't support the Green New Deal, which again is the path of romanticism and gives her an easy way to confuse the stakes. It's because she doesn't support the basic functioning of government.
1/3. A good day for antitrust. The Ninth Circuit mostly upheld the injunction against Apple for screwing app developers in the lawsuit vs Epic Games. Apple can charge, but only for its actual costs. fingfx.thomsonreuters.com/gfx/legaldocs/…
In her oversight hearing today, Attorney General Pam Bondi got a surprising number of questions about corruption at the Antitrust Division. Here's @amyklobuchar.
Here's Senator Mazie Hirono asking about corruption in the Hewlett-Juniper merger case, Bondi responds by saying that Hirono was out protesting with Antifa.
And here's Senator Cory Booker asks about Bondi's chief Chad Mizelle, asks if she'd come before the antitrust subcommittee to talk about the topic. Bondi dances around, basically says no. "I will let Gail Slater handle all antitrust" matters.
Either there are restrictions on supply in Dallas driving up housing prices, or there aren't. Thompson wants to have it both ways.
@DKThomp I'd also note that he mischaracterized the argument, which is about financing and not antitrust. And he didn't address most of the evidence, or the purchase of housing by investors. He also misrepresented at least one of the people he interviewed.
1. The discussion over 'AI taking all the jobs' has been bothering me for awhile. In 2013, Jeff Bezos was asked about bookselling. "Amazon isn't happening to book selling, the future is happening to book selling." Blaming abstract forces is what monopolists ALWAYS do.
2. Anthropic's CEO says that AI may 'cure cancer' but also eliminate entry-level jobs. Policymakers need to get a hold of that, he says. Weird he doesn't want to talk about how his firm's models are trained on massively pirated content. thebignewsletter.com/p/why-are-we-p…
3. The Economist writes, "AI is killing the web." But that's not true! Google forces publishers to let it train on their content or they don't show in search results. It's a legal problem! thebignewsletter.com/p/why-are-we-p…
1. Ok so let's talk about socialism, aka the state taking over from private industry. Here are some examples you haven't heard of - Kentucky and Ohio - replacing their pharma pricing middlemen with state agencies.
2. In 2018, the Columbus Dispatch revealed that pharma middlemen CVS Caremark and UnitedHealth Group's OptumRx were ripping off the state Medicaid program, destroying pharmacies, and hurting patients. So Ohio... fired them. And built its own state PBM. thebignewsletter.com/p/monopoly-rou…
3. It launched in 2022, run by Ohio's Department of Medicaid. It did pharma pricing for Medicaid, rebates for pharmacies, ran call centers, managed a drug list, a network of pharmacies et al. No more conflicts of interest. Caremark predicted DOOM FROM FULL COMMUNISM....
Obama was a malevolent leader and as a person is a mean spirited greedy narcissist. The authoritarian turn we are experiencing now is directly his doing, though not solely his doing.
So is our gruesomely dishonest conversation on race and identity.
I worked on the financial crisis and I remember hearing from people in the White House mockery of the ‘deadbeats’ who couldn’t pay their mortgages. It’s hard to convey the meanness of the Obama insiders.
Obama used his black identity - an important and positive symbol - to oversee the biggest loss of black wealth in our lifetime, with the support of black voters and leaders. He took the moral currency of the Civil Rights movement and spent it on Wall Street. Now it’s gone.