The coalition of social conservatives and big business is still solid, but it has bigger cracks than I've seen in my lifetime. I'm merely an observer of these debates on the right.
Republicans believe that big business is trying to destroy their party. This can go in many directions. Big business can patch things up with the GOP, if McConnell can broker such a deal. But the corporatists on the right not in a good spot.
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I didn't know this about Jonathan Sallet. He actively kept states off the Trump antitrust case against Google until after the election. That's concerning, because antitrust action against big tech should be bipartisan.
The whole article is frustrating. Jonathan Kanter is the obvious choice. Sallet's work on the Colorado case reflected both unnecessary partisanship on an issue where there is widespread agreement, and unwise deference to the antitrust establishment. politico.com/news/2021/04/0…
I'm infuriating that 'ethics' has come to mean corporate lawyers in the Biden White House launching hit pieces in Politico against anti-monopolists.
1. Here's the real lesson from the Suez boat mess. The geniuses running world trade tried to stick a really big boat into a too small yet critical canal. The implications of that reality are scary. mattstoller.substack.com/p/what-we-can-…
2. I love the Suez story because it's so easy to understand None of the idiocy is masked by fancy rhetoric of Ivy credentialled McKinsey bullshit.
3. The reason this disruption to global commerce seems so dumb is because it is. First let's go the ship. It was big. Really big. It weighs 220,000 tons, and is as long as the Empire State Building is high.
1. I love that Joe Biden's dog keeps biting people and no one cares. And it actually touches on a big difference between Biden and Obama. cnn.com/2021/03/30/pol…
2. In the 2000s, I used to work in the field of online organizing. Online organizing is just marketing but we used to think it was super special if we said online organizing and progressive movement together. Obama used our marketing tools better than we did.
3. The reason, as it turns out, is because extremely polished brands do great online. Obama had a marvelous brand. But eventually it saddled his administration with a harmful cult of personality he had to maintain.
Excellent oped by former Arkansas Senator Mark Pryor. Robert Jackson was one of the most important - and lesser known - figures during the New Deal. I wrote several chapters on him in Goliath. nytimes.com/2021/03/29/opi…
Aside from his work on antitrust, Jackson as head of the tax bureau legal office investigated the Andrew Mellon industrial empire, and found Mellon guilty of cheating on his taxes. This was a key part of defeating the oligarchs. nytimes.com/2021/03/29/opi…
Mellon had been the Secretary of the Treasury under Hoover, and also owned a bunch of banks. When England went off the gold standard, Mellon knew early on because of his government position. He shored up his own private banks and used the global bank run to take over rival banks.
1. Here's a little story about how Google's search monopoly kills and harms a lot of people. There's no reason for this, except that economists and Obama era enforcers chose to structure Google to let it do so. Follow along. mattstoller.substack.com/p/how-biden-ca…
2. Last week, @leah_nylen broke one of the biggest political scandals of the decade - the choice by Obama officials to not bring anti-monopoly charges against Google. The story seems like a business story, so people don't get how society-shaking it is. politico.com/news/2021/03/1…
3. We see glimpses. Like Google sending users trying to recover from addiction to sham treatment centers, and making money from ads as it does it. theverge.com/2017/9/7/16257…
This week, the Arizona state Senate will debate a law attacking the monopoly Google and Apple have over app stores. Bizarrely, a few weeks ago, it was the Arizona Democrats - not the GOP - who were making extreme libertarian arguments in service of big tech. I clipped the debate.
It's hard to overstate the extreme nature of these claims. One Democrat objects on grounds that the state has no role intervening among private parties in a market. That logic would invalidate environmental, labor, and civil rights rules!