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Matt Stoller Profile picture
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20 Jan, 5 tweets, 2 min read
The Chinese government just sent a very aggressive message to Biden-world, saying officials who pursue a policy framework averse to the PRC will have trouble earning money from most American corporations after they leave the administration.
The Chinese government totally recognizes the weakness of American politics. The PRC is saying no revolving door corruption unless you do our bidding. It's the single best argument for anti-corruption measures I've ever seen. China just passed H.R. 1.
I've been pushing for a complete disentangling of the Chinese and American economies, which sounds hardline or incredibly difficult, at first. But the Chinese gov't keeps making my case.
Xi Jinping prolly read @ZephyrTeachout on why the founders put anti-corruption measures in the Constitution, to ward off foreign influence. Only, since we've gotten rid of our anticorruption measures, he read it as an instruction manual. hup.harvard.edu/catalog.php?is…
"This goes straight to the core interests of the DC beltway crowd. No think tank or corporate board posts for you if you take an anti-China stance... A Warning shot to team Biden."

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More from @matthewstoller

Matt Stoller Profile picture
21 Jan
1. As @ZephyrTeachout notes, there is now a big opportunity to take on monopolies. Biden has picked an acting Antitrust chief, Gene Kimmelman, and an acting FTC Chair, @RKSlaughterFTC.
2. Everyone in these positions always say they will be tough on monopolies and big tech. That's not meaningful. There are two questions. One, what is their view of the point of antitrust? To enhance economic efficiency (aka 'consumer welfare')? Or protect us from big business?
3. Kimmelman is generally a consumer welfare advocate, and he supported the DOJ under Obama suing book publishers on behalf of Amazon because supporting Amazon's monopoly would lower consumer prices. It's possible he has rethought his approach.
Read 9 tweets
Matt Stoller Profile picture
18 Jan
Pentagon is warning of a serious monopoly crisis in its supply chain. businessdefense.gov/Portals/51/USA…
“The number of cases where there is just one – often fragile – supplier is staggering. This is a deterioration from a decade ago when 3 to 5 suppliers existed for each component, let alone several decades ago when the military generally enjoyed dozens of suppliers for each item.”
The Defense Department is now also pointing out that Wall Street is a huge national security problem, as is what the Pentagon calls a "radical vision of free trade without fair trade enforcement."
Read 4 tweets
Matt Stoller Profile picture
17 Jan
Alex Jones doesn't need to be censored, but he doesn't need to be recommended to YouTube viewers 15 billion times. That's the issue, it's the targeted ad model of big tech that turns dangerous cranks - who exist in every culture - into superstars.
The idea that a small group of English-speaking Silicon Valley titans can control speech while running radicalization engines is simply ludicrous. Even if they can do it in the U.S., what about all the conspiracy theories and danger in every other non-Western non-English nation?
The reason all these media and big tech execs want censorship is because it's the only path that preserves their revenue and social position. It doesn't address the problem, which is *their own business model* radicalizing millions and ruining our minds.
Read 5 tweets
Matt Stoller Profile picture
15 Jan
Hey conservatives I know you're all mad about Silicon Valley censoring you but Trump's Antitrust Division chief Makan Delrahim's final act was to let Google complete its acquisition of Fitbit. Congrats for being completely inattentive to Trump's policy choices around big tech.
My critique of Democrats under Obama is they paid zero attention to the foreclosure crisis and much of Obama's policy framework. Conservatives have operated exactly as Democrats did, if not worse, completely uninterested in what Trump did - in this case empowering big tech.
The most meaningful action against big tech was @davidcicilline's 16 month investigation of large technology firms in the antitrust subcommittee in which he found lots of evidence of monopoly power.

@Jim_Jordan did everything he could to sabotage it.
Read 4 tweets
Matt Stoller Profile picture
14 Jan
Facebook was more helpful to the riot than Parler.

Let's follow the logic here.

Parler's business model is dangerous and should be illegal. Facebook caused even more violent activity than Parler. Therefore...
It's quite evident we have a serious problem with the business model of social media and tech platforms. Parler is a dangerous problem. Facebook is a much bigger much more dangerous problem.

And yes, Section 230 is the reason. mattstoller.substack.com/p/a-simple-thi…
Many who focus on first amendment issues for the last decade or so have held up Section 230 as an inviolable beacon of free speech, overlooking its role as a shield to let tech firms profit from illegal activity. That's a problem. mattstoller.substack.com/p/rumors-sprea…
Read 5 tweets
Matt Stoller Profile picture
12 Jan
We wrote a 200 page report on why corporate concentration - including the big tech radicalization engines - worsened under both Democratic and Republican administrations. It has to do with antitrust enforcement, and it's fixable by Biden.
We researched multiple sectors of the economy - big tech, newspapers, aerospace/defense, media, telecom, hospitals, pharma, (even Ticketmaster!) to show that policy under the Obama administration shaped our lives in ways that we didn't realize at the time.
From QAnon to high health care costs, American life flows through our corporations and markets, and those are structured by *policy.* And we have a to do list for Joe Biden, state enforcers and policymakers, and Congress.
Read 5 tweets

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