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Feb 2 • 4 tweets • 2 min read
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More from @doctorow

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Feb 3
Today's Twitter threads (a Twitter thread).

Inside: Money is power; When crypto-exchanges go broke, you'll lose it all; and more!

Archived at: pluralistic.net/2022/02/03/liq…

#Pluralistic 1/ Image: Rob and Stephanie Le...
Money is power: A political economy parable (with a side of environmental racism).

2/ Image: Rob and Stephanie ...
When crypto-exchanges go broke, you'll lose it all: The fatal flaw in the "neither fish nor fowl" gambit (there is such a thing as society).

3/ Image
Read 16 tweets
Cory Doctorow Profile picture
Feb 3
If you've spent much time around cryptocurrency people, you've probably heard a rant or two about "sound money" and the need to "depoliticize money." 1/ A black and white photo of ...
If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2022/02/03/liq… 2/
This is a foundation of blockchainism: the belief that money is born separate from states, and states invade on the private realm when they "meddle" in the money system. 3/
Read 41 tweets
Cory Doctorow Profile picture
Feb 3
"Political economy" may sound like an obscure technical matter, but it's a really very simple (and incredibly important) idea: That the economy is inevitably political, and there is no way to depoliticize economic theory. 1/ A vintage 'Greetings from F...
That is, every aspect of economics - taxation, antitrust, contract and labor law, etc - is fundamentally political. There is no objective perch on which an economist can stand and decide which tradeoffs are empirically best. 2/
What's more, any claim to about such a neutral test of economics is itself political: when economists assert that "Pareto optimal" is the same as "fair," they're saying that the people who lose in a Pareto optimal arrangement *should* lose. 3/
Read 36 tweets
Cory Doctorow Profile picture
Feb 2
Today's Twitter threads (a Twitter thread).

Inside: To fight inflation, fight monopolies; How noncompetes shackle workers to dead-end jobs; Agricultural right to repair law is a no-brainer; and more!

Archived at: pluralistic.net/2022/02/02/its…

#Pluralistic 1/ Image: Cryteria (modified) ...
To fight inflation, fight monopolies: Cartels raise prices using supply chain and "generous" benefits as cover for price-gouging.

2/ Image
How noncompetes shackle workers to dead-end jobs: "You can't work for anyone who competes with Amazon for the next 18 months."

3/ Image
Read 21 tweets
Cory Doctorow Profile picture
Feb 2
John Deere was once an American icon, beloved by workers for good wages and job security, and by farmers, who co-innovated new agricultural techniques and technologies. Today, it's a case-study in the horrors of finance capitalism. 1/ A vintage John Deere tracto...
If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2022/02/02/its… 2/
Today, the company is rotten to the core. Despite skyrocketing profits, the company has continued to grind down its workers, sparking a strike by all 10,000 of its workers. 3/
Read 19 tweets
Cory Doctorow Profile picture
Feb 2
You've heard about the #GreatResignation, the legions of American workers who have reached a breaking point with their abusive, underpaid jobs and jumped ship. 1/ Image: Cryteria (modified) https://commons.wikimedia.org/wi
It's a remarkable, spontaneous, uncoordinated uprising that sees Alice quitting her job and Bob quitting his, and then Alice getting Bob's old job at a better wage, and Bob getting Alice's old job at a better wage, too. 2/
After 40 years of wage stagnation, workers are finally starting to claim back some of the share of the profits that had been diverted from people who do things to people who own things.

But as great as the Great Resignation is, it could be greater. 3/
Read 20 tweets

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