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
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.
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.
"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" #GameStopbloomberg.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.
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...