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Matt Stoller Profile picture
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6 Aug, 4 tweets, 2 min read
I'm circling back on the Biden TRIPS waiver announcement from May. Why has @AmbassadorTai failed so far? Why are Pfizer and Moderna now raising prices on vaccines? mattstoller.substack.com/p/bidens-failu…
Pfizer and Moderna are basically mocking Biden and Angela Merkel by not making enough vaccines and raising prices at the same time. Just a disaster. mattstoller.substack.com/p/bidens-failu…
Meanwhile, as Pfizer/BioNTech and Moderna hoard, Russia and China have helped build vaccine production facilities in Argentina, Bangladesh, Brazil, Egypt, India, Italy, Morocco, Serbia, South Korea, Turkey, and the UAE. mattstoller.substack.com/p/bidens-failu…
Anyone who is legitimately interested in the collapse of the liberal democratic order and the rise of China should pay attention to China's ability to deliver public goods, and the West's failure to do so. @BaldingsWorld mattstoller.substack.com/p/bidens-failu…

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More from @matthewstoller

Matt Stoller Profile picture
6 Aug
Good piece on the debate over crypto rules. The crypto lobby wants to engage in money laundering and tax avoidance. That's all this is about. washingtonpost.com/politics/2021/…
There's a reason the crypto people despise Elizabeth Warren, because she's presenting an actual vision of a fair financial system. And that gets in the way of their cruel thunderdome vision where everyone is equally criminal.
Anti-monopolists believe in a strong state, not a weak one. A weak state leads to authoritarianism or social collapse. That's why the crypto lobby is full of people excited for the end of the dollar. The end of the dollar would be very bad.
Read 4 tweets
Matt Stoller Profile picture
5 Aug
Good for the Biden administration. Unregulated crypto is useful for money laundering and ransomware. We cannot have a shadow financial system that’s not subject to securities laws and IRS rules. Crypto shouldn't be exempt from the law because people think it's cool.
If crypto is subject to know your customer rules, securities law, and taxes, fine. Go ahead and have fun. Otherwise, it's just about creating a zone of lawlessness.
Basically civil libertarians opposed the Bank Secrecy Act in the 1970s because they thought the right to engage in money laundering in Switzerland is a human right. Sorry but no. Financial surveillance is a core part of what it means to have a state.
Read 6 tweets
Matt Stoller Profile picture
3 Aug
Love that the CDC director is willing to order anyone to do anything based on flimsy social scientific theories except extend an eviction moratorium. Respect science!
Biden had the right instincts to go for normalcy. His CDC director is awful and public health experts shouldn’t be making political calls. Fire her and fire Jeff Zients.
If you’re going to ring the alarm bell on an emergency then at least have the CDC extend an eviction moratorium.
Read 4 tweets
Matt Stoller Profile picture
28 Jul
Simone Biles was a victim of sexual abuse facilitated by the USA gymnastics and Olympics establishment. If her head isn't in the sport - and it's dangerous to compete if it isn't - it is not at all reasonable to blame her.
This tweet was prompted by a hearing in the Antitrust Subcommittee in which Olympic silver medalist gymnast Terin Humphrey noted a bankruptcy judge got rid of her claim of abuse when USA Gymnastics somehow used the bankruptcy code to discharge liabilities. judiciary.house.gov/calendar/event…
I love the Olympics because global athletics is great. But on an institutional level it is an ugly and predatory set of money-grubbing corporations that allow old men to feed on youth and dreams for profit and power.
Read 5 tweets
Matt Stoller Profile picture
28 Jul
Lina Khan has her first hearing at the Energy and Commerce committee streaming now. energycommerce.house.gov/committee-acti…
And now Republican @RepGusBilirakis is attacking Khan for silencing FTC staff and not working adequately with Republican commissioners. Bilirakis announces a whistleblower program for anyone with complaints about Khan.

The pro-big tech GOP faction is strong.
In Khan's opening statement, she mentions the current merger boom as a challenge for America. We are seeing rapid consolidation and increases in market power.

"The sheer volume of transactions is straining agency resources."
Read 14 tweets
Matt Stoller Profile picture
21 Jul
The antitrust enforcement agency Federal Trade Commission has an open meeting, and it's starting now. You can watch it here. view.knowledgevision.com/presentation/a…
The first item is the stupid idea to stop requiring labels on clothes saying whether stuff needs to be dry cleaned. Everyone hates the idea except rando libertarians. ftc.gov/news-events/pr…
Really @CSWilsonFTC? The Republican commissioner is *still* complaining that there are open meetings. And whining that FTC staff temporarily can't speak on public panels with the corporate defense bar during a merger boom.
Read 20 tweets

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