The idea that venture capital tycoons who are deeply wired into D.C. are leading a revolution against the establishment is so tired and annoying. Just accept the responsibility for what it means to be powerful.
Hillary Clinton was offended when called her a member of the establishment, because saying you hate the establishment is a tried and true test of refusing to admit you have power and responsibility. @cdixon and the Andreessen crew share Hillary Clinton's politics.
There's a lot of good faith in the crypto world, but that there's no internal effort to get rid of the massive grifting going on by cynical financiers is a giant red flag.
One thing I enjoyed researching was how Michael Milken framed his junk bond scams as an assault on the establishment on behalf of the disempowered. He claimed to be inspired by the Civil Rights movement and Mario Savio's free speech campaign. This shit is old and tired.

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More from @matthewstoller

23 Nov
1. One institutional problem of the Dems/left is what I'll call the Lollipop Problem. We've optimized our party to offer things people like, but we do so whether people prioritize those things or not. Let's do a thought experiment on Dems, using lollipops as a stand-in.
2. 10 years ago, some progressive economists at the Fed got data from candy makers showing candy makes people happy. Then progressives set up a coalition for lollipops, which poll well, and activists at the end of the Obama era began holding signs saying "Lollipops NOW!"
3. Then Trump won the Presidency. Stories in the New Yorker and the New York Times started to come out about how Trump corrupted and controlled the traditionally bipartisan US Candy Agency. "How dare he!?!?"
Read 17 tweets
22 Nov
1. I wrote up the current odd state of antitrust politics, where DC's biggest lobbying group - the U.S. Chamber of Commerce - has declared open war against Lina Khan and the anti-monopoly movement. mattstoller.substack.com/p/big-business…
2. This is not hyperbole. “It feels to the business community that the FTC has gone to war against us, and we have to go to war back,” said Chamber President and CEO Suzanne Clark, in the Wall Street Journal. wsj.com/articles/ftc-k…
3. The Chamber will be suing the FTC at every step, filing Freedom of Information Act requests, and setting up a war room to tell horror stories about Khan and the government's attempt to address dominant firms. mattstoller.substack.com/p/big-business…
Read 22 tweets
22 Nov
Obama is doing this favor to Bezos just as the Teamsters leadership was overthrown in favor of people who want to organize Amazon.

The paradox and tension of all Dem-left politics and elite media discourse runs through Obama's symbolism and the inability to discuss it honestly.
To be fair to Obama, he did stump for Democrats earlier this month and Terry McAuliffe pulled out a squeaker in Virginia. So he is a big help in Dem politics.
Unlike all other Presidential libraries Obama's 'Presidential library' won't be run by the National Archives and so isn't subject to government rules. And it's not even a library! Research historians are actually offended. nytimes.com/2019/02/20/art…
Read 4 tweets
22 Nov
Everyone should congratulate former President and current internet influencer Barack Obama for receiving a $100 million from Jeff Bezos to build a plaza at his library. Hooray! puck.news/bezos-and-obam…
Solid work by @PuckNews
I wonder which crypto conference Obama will headline first along with paid speaking gig buddy Ashton Kutcher. There are so many options!
Read 4 tweets
17 Nov
Tom Edsall is the problem. So are all these political scientists. So is the New York Times. That’s the actual Democratic Party. They won’t fire themselves and they don’t see themselves as responsible. nytimes.com/2021/11/17/opi…
The reason Afghanistan hurt Biden is because the Democratic Party in the form of the Atlantic, the New York Times, the national security apparatus, etc turned on him. Trump’s strength is he disdained the elitists on his side. Biden hasn’t.
I don’t think a loss is going to do it. The progressive institutions are simply too strong and Democratic voters simply like their leaders too much. It’s going to take a Democratic Trump.
Read 8 tweets
7 Nov
Democrats *don't* want to fix their rural problem with policy. They talk a lot about policy but they don't know that, say, rural health care has gotten a lot shittier in the last ten years. Democrats have been bad for rural America on policy. bostonreview.net/forum/finding-…
I don't know if rural America is more concerned about culture or policy but no one else does either. Democrats in 2016 barely noticed opioids.
This is also a challenge for the Rs. The Rs want to fix their urban problem with culture, but it's really a policy challenge. The first party to *actually* notice policy matters will govern for a generation.
Read 4 tweets

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