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10 Nov, 4 tweets, 2 min read
On the way out the door Trump DOJ antitrust chief Makan Delrahim approves the Uber-Postmates deal, because apparently independent restaurants have it too good these days. I guess that's one way to ask for a private equity job. axios.com/doj-clears-ube…
So @makandelrahim will go down as one of the all time biggest dumbasses to run the antitrust division. A lightweight, generally corrupt, but also recused from the Google case, which is the only interesting thing in the division he ostensibly runs. Embarrassing.
Hey Republicans, Trump's antitrust chief is doing the bidding of little big tech. This is embarrassing. Clean house now that you have the chance out of power to do so.
One very easy way for Biden to show there's a new sheriff in town is to immediately open an investigation to undo this Uber-Postmates merger.

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More from @matthewstoller

Matt Stoller Profile picture
8 Nov
1. I'll explain what I mean here. I'm a Biden voter. But it is fundamentally dangerous that Mark Zuckerberg and Sundar Pichai are making policy over how we deliberate over political matters. This policy has to be done through the government. But the problem is even deeper.
2. Voting machines are now consolidated and owned by private equity firms, who make policy over electoral infrastructure itself. Media conglomerates organize the political parties. Contractors structure government spending and Blackrock structures Federal Reserve policy.
3. The essence of democracy is twofold, civic and commercial. We need competitive markets and a democratic system of industrial control. Otherwise monopolists will and do make public policy that we the people would otherwise be making.
Read 12 tweets
Matt Stoller Profile picture
6 Nov
In 2017-2018 there was a debate among Dems about what happened, the side saying it was because Trump voters are unredeemable and evil won.

That debate has opened up again.
Trump’s narrow loss despite his massive governance failures show that what happened in 2016 wasn’t really about Hillary Clinton, but a deeper anger and mistrust towards Democrats.
The political problem for Democrats is that the GOP is now plotting to take the entire working class, and Dems kind of want them to take it.
Read 4 tweets
Matt Stoller Profile picture
5 Nov
Democratic donors dramatically over-invest in elections and grassroots organizing and under-invest in actually understanding how to use the massive and complicated government they are about to take over.
It's an unpopular hot take but maybe hiring a few people to think about how to use the Commerce Department with its authority to, oh I don't know, restructure the entire economy, is better than handing Amy McGrath another eleventy zillion dollars.
The Federal government is a $5 trillion behemoth. Maybe it's a good idea to know stuff about how to run it.
Read 5 tweets
Matt Stoller Profile picture
4 Nov
The problem with Nate Silver's framework has never been the models, but that the whole enterprise of trying to predict elections just to predict elections is fundamentally useless.
Nate Silver uses his models to disguise an elitist pro-Wall Street ideology. Here's his strong pro-bailout rant in Feb 2009 titled "Give Geithner a Break." fivethirtyeight.com/features/give-…
Here's @NateSilver538 during the financial crisis in 2009.

1. "I’m sorry, but somewhere between 99.9% and 99.999999% of us are severely underqualified to be making policy recommendations on this issue." This is neither the time nor the place for mass movements..."
Read 4 tweets
Matt Stoller Profile picture
4 Nov
1. Let's get away from left-center debates and get to the two real Dem theories of social justice. (1) neoliberalism, or helping the individual with college education in a global corporate world (2) structuralism, which is downsize corporations so everyone has a bit of capital.
2. Both neoliberalism and structuralism have their cultures. One is very much McKinsey aristocracy philanthropy compliance oriented, the other is chip on your shoulder populist universalism. Think, Pete Buttigieg vs Thomas Frank.
3. The core of neoliberal political culture is to avoid talking about policy at all costs. Politics for neoliberals is only about what happens in elections, and to them there is simply no connection between government and elections. It's all messaging, narrative, left vs center.
Read 10 tweets
Matt Stoller Profile picture
1 Nov
This dissenting statement from @chopraftc is an incredibly clear and honest assessment of the catastrophic role the FTC has played in pharmaceutical prices via mergers. ftc.gov/system/files/d…
"The FTC’s record when it comes to reviewing pharmaceutical mergers suggests that the agency will simply never seek to block a merger."

Ouch.
"Virtually every market participant I have spoken to in this industry believes that there is simply no risk of the FTC blocking an unlawful pharmaceutical merger outright."

Basically, hand the building over to the National Gallery so the public gets something useful out of it.
Read 4 tweets

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