Today's Twitter threads (a Twitter thread).

Inside: Stop saying "it's not censorship if it's not the government"; Trump's swamp gators find corporate refuge; and more!

Archived at: https://t.co/7JMcAbaULj

#Pluralistic

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There is no shortage of takes about what's going on with Gamestop (and other surging stocks), Robinhood and Reddit's r/wallstreetbets, many of them contradictory - at least on the face of them. But I think it's possible for most of these takes to be right. Here's how.

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First you need to understand the underlying mechanics of the story. Stock markets are fundamentally a way of making bets, including bets on the outcome of other peoples' bets, and bets on the outcomes of THOSE bets.

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All this complexity creates lots of exploitable opportunities. Some of these opportunities are considered legitimate and are given respectable names like "arbitrage." Others are considered illegitimate, and are called disreputable things like "stock manipulation."

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A hypothetical Martian observing all this through a telescope could not tell you which kinds of bets were honest and which were dishonest, because the difference isn't about any objective standard, but rather, about power.

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The strategies of powerful people are legit, while the strategies of their would-be dethroners are not legit. Sometimes, even outright frauds are OK if they're done by people with enough power.

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The Democrats are at least two parties. The progressive wing of the party (which is by no means unified) and the finance wing of the party, which is also the party leadership.

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During the leadership race, the progressive wing was represented by @SenSanders and @SenWarren; the former wants to minimize the role of markets in our lives, the latter wants to redeem markets by regulating them. It's a distinction with a difference, but I donated to both.

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Both wings of the party have prominent representatives in Congress; Sandersism are most visibly associated with @AOC (whom I donated to) and Warrenism is embodied by @RepKatiePorter (likewise), who was also one of Warren's law school proteges.

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Porter is a force of nature. She is infamous - and celebrated - for her brutal, no-holds-barred questioning of both corporate and administration witnesses, using a white-board to pin them down and eviscerating any attempts at bullshittery.

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This isn't just about getting facts into the record (though, she is SO GOOD at getting facts into the record!), it's also about effecting change, like when she single-handedly cornered the CDC's chief into guaranteeing universal, free covid

Despite the massive triumphs of the world's largest corporations and most rapacious billionaires during the covid crisis, neoliberalism is in ideological retreat: more people are more critical of the idea that "free markets" can solve big problems than at any time in my life.

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The Democratic nomination race was a fight between the neoliberal wing of the party and the Democratic Socialists, with the candidates representing a spectrum between those two sides (and the odd outlier on either side).

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Supposedly, the party grandees brokered peace between the two main factions, but the left is rightfully suspicious about whether Biden - and Republicans-who-sit-as-Dems like Joe Manchin - will deliver anything beyond symbolic gestures.

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One bright spot: Bernie Sanders is finally chairing the Senate Budget Committee, giving him enormous power over muscular covid relief packages, Medicare expansion, and rolling back Trump and Bush tax-cuts on the

This is where Sanders' long experience in the Senate, and his virtuoso work using its procedures to advance his position, will serve him well. As we saw with McConnell, the ability to wield procedure is a powerful asset in getting stuff done.

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When it's railroading time, you get railroads.

When the railroads turn into the personal satrapies of rail-barons, you get trustbusters.

A couple decades ago, it was online service time. We had the users, the telcoms systems, the computers, the modems, so we got platforms.

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We had that, but we lacked something important: effective antimonopoly enforcement. Lax merger laws allowed companies with access to capital markets to buy out or neutralize all their competitors, so we got monopolies.

Right on schedule, we're getting digital trustbusters.

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Now, some people aren't technically sophisticated, but they do understand a lot about competition law. That's how you get meat-and-taters antitrust proposals like @amyklobuchar's #CALERA, which address the structural problems with antitrust

Klobuchar's bill is hugely important. The reason we have monopolies is that we stopped enforcing anti-monopoly law 40 years ago. Monopoly isn't a tech problem, it's everywhere from sneakers to glass bottles to pro wrestling to candy to

Klobuchar's CALERA doesn't just seek to apply antitrust law to tech - it also explicitly restores the pre-Reagan basis for fighting monopolies: we fight monopolies because they concentrate power and corrupt our politics. All monopolies are guilty unless proven otherwise.

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The pandemic has afforded all of us a refresher course on the five stages of grief, a theoretical and controversial framework for describing how people cope with tragedy: denial, anger, bargaining, depression and acceptance.

https://t.co/nqPmjCvyab

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A far slower-moving unfolding of these stages can be seen in the reactions of the super-wealthy to the breakdown in neoliberal orthodoxy, the tale that says that inequality results from meritocracy, and makes us all better

Denial came out in the "rationalist" view: the world is better off than ever - richer, less violent, healthier, and any discontent you feel with your plummeting fortunes and the contracting possibilities for your kids is just your tunnel vision. Lack of perspective.

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But the Great Financial Crisis and Occupy triggered the anger of the elites: violent suppression of protests, the "Doom Boom" in new luxury bunkers, Howard Schultz's insistence that "billionaire" is a slur (he says we should call him a "person of wealth").

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The pandemic - and the "K-shaped recovery"- has revealed the existential threat inequality poses for our species, between price-gouging, fraud, profiteering, flouting health directives, and coercing the poor and vulnerable into risking their lives to keep the economy afloat.

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Trump biographers—including me—and many Washington journalists are telling America that (a) Trump will never stop his coup attempt, (b) there's no bottom to what he's willing to do, therefore (c) there's no final "victory" over Trump we can celebrate.

I hope America will listen.

Donald Trump is a profoundly damaged mind. Everyone close to him who gets escape velocity from his madness says so. Friends. Employees. Family members. Trump's pathologies make him an ongoing danger to America that Biden's DOJ and intelligence officials *cannot afford* to ignore.

Too many journalists wrote pieces tonight calling the SCOTUS decision in the Texas lawsuit a "fatal blow" to Trump's coup. Listen—the coup was never going to succeed and Biden was always going to be sworn in. The question is what the country will look like when (and after) he is.

So you have a man on a mission to destroy this country who has it within his power to do so and you think his pathological scheme will cease because of a court decision? The "coup" concept will unfold over as long a period as Trump needs for him to get what he wants: total power.

Lara Trump will run for the Senate in North Carolina, they say. Ivanka Trump is mulling a Florida Senate run. Donald Trump Jr. is mulling the Montana governorship. The GOP may be the "Trump Party" by 2024.

This is an ongoing effort to build an autocratic dynasty and end America.

THE TRUMP CARD

by an Anonymous Patriot

Bombshell My Friends💣

You probably will want to read this all.

Right now Trump is sitting on a stack of Trump cards that he's just waiting to lay down like a Royal Flush.

He has court cases still pending that will go to SCOTUS and ...

25 January 2021 #MAGAanalysis #MythicalTrump

“If you strike me down, I shall become more powerful than you can possibly imagine.”

Yeah. I watched the original Star Wars movie in the theaters when it came out, and I can't tell you how many times I

❗️[POTUS] UPDATE 🏰👑💥👀🌎🦅🌫

Hold the line for 30 days.

Several new entries below.

Donald Trump appears to be continuing to use military aircraft suggesting he is still de facto Commander in Chief.

Clarity emerges in two weeks.

Patriots are urged to stay off the streets and away from State Capitols — False Flag events intended to discredit patriots are known to be planned. NON-VIOLENCE is VITAL. Obey the law, allow events to play out.

Monkey Werx BitChute pending, we refuse to post YouTubes.

Monkey Werx tracks where he thinks Trump is and why he thinks it. Trump still keeping military travel, wouldn’t if he weren’t still president.

4:37 “temporary air restriction is lifted” meaning “Trump is on this aircraft. From FLA up to DC, parks for an hour, back to Charleston. Time on ground, 56 min, 6 seconds = 5+6+6 = 17.

At 8:30 PM last night, “Pentagon requested another 26,000 troops to come into DC.” Some have left, number not defined. Sean: I don’t think it’s large because yesterday Monkey Werx said he wasn’t seeing ships that would take NG back to their home state.