A new billionaire was minted every 17 hours over the past year, and the world's wealthiest are $5 trillion richer than a year ago... a record 2,755 billionaires (worth $13 trillion), including 493 newcomers. forbes.com/billionaires/
Meanwhile, hunger in America is growing: In the wake of the COVID-19 pandemic, unemployment has soared and food insecurity is on the rise. More than 42 million people may face hunger because of coronavirus. feedingamerica.org/hunger-in-amer…
Globally, analysis finds that the global middle class encompassed 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic...the number of poor is estimated to have been 131 million higher because of the recession. pewresearch.org/global/2021/03…

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Rajit Hewagama

Rajit Hewagama Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @rajit_h

25 Feb
As someone who spent a decent chunk of the mid-90s browsing through albums at various Tower Records, I love finding these random gigs on YouTube
Watching Pearl Jam playing in-store in 1991 is amazing. They even do "Black"!
Here's Green Day from 1997 at Tower Records
Read 4 tweets
12 Feb
There's a bunch of issues with The Lincoln Project including the deeply sleazy co-founders. Also, despite persuading gullible liberals to give it money, it failed in its purported mission of swinging Republican votes to the Dems.
Donald Trump won more Republican votes than he did in 2016 ...Trump had support from 91 percent of Republicans and voters who lean Republican jacobinmag.com/2020/11/the-li…
Their focus on attacking Trump personally rather than on economic issues played well to NYT/MSNBC libs but was not effective as an campaign tactic.
Read 4 tweets
10 Feb
More on P2P: It's telling how the local commentariat seem to be offering realpolitik arguments against it. They can't or won't account for the fact that the forces within that movement include many who have played the realpolitik game & have seen it fail.
What is to be gained from a realpolitk (e.g. making P2P broadly palatable in the South) approach? Elect a centre-right government that will make tentative & half-baked progress before imploding under its own incompetence?
After which, not only will the "progress" be rolled back, something extremely sinister will replace it. 2015 was the last chance for many things & asking for a re-run of it (w' all the attendent compromises) is stupidity in the form of concern trolling.
Read 4 tweets
28 Jan
"driven by righteous anger, about generational injustice, about what they see as the corruption & unfairness of the way banks were bailed out in 2008 without having to pay legal penalties later, & about lacerating poverty and inequality" #GameStop bloomberg.com/opinion/articl…
I made this point yesterday on how the tone & language of #wallstreetbets #gamestop mirror what we have seen in politics over the last few years. Anywhere the system can be attacked, it will be.
Those trying to analyse what is happening with #WallStreetBets #GameStop from purely markets perspective are misuderstanding the psychology at play. This bears more in common with a populist movement -- it's anti-establishment & collective against an elite.
Read 5 tweets
27 Jan
The language used on #wallstreetbets shows a convergence of any number of trends - a distrust of "experts", an attempt to reclaim power from institutions, burn-it-down mentality, nihilism, a disregard of the norms of capitalism AND a desire to push it to its logical endpoint...
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!