Inside: My talks with Snowden and William Gibson; Complicity, incompetence and Capitol Police; How Republicans froze Texas solid; Uber loses court battle, steals wages, censors whistleblower
Uber is a money-hemmorhaging bezzle ("the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it"). It's $6.8b losses in 2020 are not an aberration.
Like all scams, Uber depends on fresh suckers coming in and buying out the last round of suckers. To do this, the company has to keep running, even as it loses money.
2/
In fact, the longer Uber stays in business while losing money, the more suckers flock to it. The thinking goes, "All these investors who piled into a money-losing company must know something I don't about how it will become profitable someday."
3/
The collapse of Texas's power grid during a lethal cold snap has put Texas politics under a spotlight. There's no better place to start than @deconstruct_pod, where @ryangrim delivers a historically informed, timely series of interviews.
Grim reminds us that the roots of Texas's woes are in the 2002 midterms, when the GOP took the Texas House for the first time in a generation, then engaged in brutal gerrymandering to keep it, and embarked on a string of ideology-driven deregulation adventures.
2/
The GOP ideology holds that businesses are "efficient" because every penny they squeeze out of their costs is converted to profit. There's a kernel of truth to this - indeed, the most prominent early theorist of this was Karl Marx!
3/
In the aftermath of the Jan 6 Trumpist putsch at the Capitol, the world reeled - not just at the spectacle of the Capitol building overrun by deranged armed insurrectionists, but also at the manifest incompetence of the Capitol Police.
The Capitol Police command $460m/year, 10% of Congress's total budget. They had ample warning that murderous, anti-democratic revolutionaries were converging on the Capitol. They had a long track-record of over-responding to protests with overwhelming shows of force.
2/
Given the track-record, the budget and the warnings, could we truly attribute the failure to contain the insurrectionists to incompetence? Did the shots of police officers taking selfies with members of a lynch mob mean that the force was complicit with the traitors?
3/
Earlier this month, I hosted two extraordinary book-launch events: one for the paperback edition of @GreatDismal's novel AGENCY, the other for the young readers' edition of Ed @Snowden's memoir, PERMANENT RECORD.
1/
Both events were incredibly exciting. Gibson spoke at length about the relationship of politics to the way he creates futuristic parables (Agency was delayed for a rewrite after the 2016 election) and Snowden, about the way that young people relate to surveillance tech.
2/
Now, both are online, courtesy of the booksellers that hosted them. @Copperfields posted the Snowden video yesterday:
And here's my review of the Young Readers' Edition of Permanent Record: