1/ I have a new piece out today in @TIME about the moment we’re witnessing — a departure from free-market orthodoxy, and the realization that the market depends on the state to create prosperity. The tl;dr thread: time.com/5956255/free-m… 2/ The recent shift in support for more public investment is not a temporary COVID phenomenon. We are witnessing the most profound realignment in American political economy in 40 years.

1. #Libra has a long way to go before being successful, but in theory, it's brilliant and frightening. At the start of the week, I thought the problem would be that it would reinforce Facebook's corporate power. 2. Now, a few days out, I think the problem is different and bigger: a new layer of monetary control between central banks and individuals, mediated by corporations. My piece today in the FT: ft.com/content/aa97ad…

If you've read my piece on why now is the time to break up #Facebook, and you want to learn more about the topics of corporate concentration and breaking up monopolies, here's a recommended reading list: medium.com/@chrishughes/a… The best primer on the topic is "The Curse of Bigness." Written by @superwuster, it makes a case that antitrust has always been about holding the most powerful accountable. indiebound.org/book/978099974…