Hello, my name is Liberal America, here to engage you in dialogue. Let’s stipulate, before we begin: College kids are dumb. Okay? Can we move on to Everything Else In The World, now?
If anyone tries to make the argument to you that free markets rationally deploy capital towards its most productive purpose, ask them to explain the last month in the life of Kodak.
In the past week, the U.S. stock market has seen its two biggest one-day drops in history. The market is down more than 10% from its recent high point, entering “correction” territory. This is good.
Apart from the task of deciding how things should be done morally, there is the more mundane but equally important task of accurately describing how things are done. In American politics, our failure at morality is complete. Our failure to describe this failure makes everything worse.
Bloomberg’s Zachary Mider and Ben Elgin have a fantastic report today on the DCI Group, a lobbying and consulting firm in Washington, DC, and how hedge funds employ it to achieve their horrid aims.
Davos is the absence of class consciousness in public life.
The CEO of the world’s largest money manager has decided—to much fanfare—to tell corporate America that they must “serve a social purpose” and make a “positive contribution to society.” The spectacular delusion and hypocrisy that enable such a statement to be made is something worth examining for its sheer shock…
The New York Times, the grandest of the grand old media companies, has a new publisher: He’s a Sulzberger, same as the old publisher. This is bad. All dynasties are repugnant. It doesn’t matter if you think they’re nice or not.
The conversation that takes place around unions is often too political. Too ideological, too abstract. This is personal. Take it personally.
Around the time of Trump’s inauguration, when America’s maximum diffuse liberal rage was seeking an outlet, there was discussion of a general strike. Then, it was an implausible fantasy. Now? Let’s have a serious talk.
San Quentin is beautiful from the outside. It sits on a sun-drenched point jutting out into San Francisco Bay, a short drive north from the Golden Gate Bridge, at the end of a small road overlooking the water. Right up to its front gate sit quaint houses with spectacular views, which go for around a million dollars…
After AT&T and Time Warner announced their planned $85 billion merger last year, it became clear that there might be a political problem: President Donald Trump’s seething hatred of CNN, which is owned by Time Warner. And now, it is all coming to pass.
Yesterday, a bloodthirsty man drove a truck down a sidewalk in Manhattan, killing eight people. Are your friends in New York City okay? I can virtually guarantee it. Yes.
You are labor. I am labor. Everyone who works for a living is labor. So why are we getting our asses kicked?
In a speech yesterday, Donald Trump said that the “tax reform” bill Republicans are currently pushing would amount to a “pay raise” for Americans. Pshaw. If you want to give Americans a raise, plenty of honest people can tell you how.
Here is exactly how the Republican tax scam works, as explained clearly by one of its proponents.
Disney CEO Bob Iger... is he going to run for president? Let me answer this question with one of my own: Can Bob Iger and the rest of America’s CEOs take their fawning media enablers and fuck off to Neverland, forever?
In a democracy, you don’t have to like the choices that people make. But, within reasonable bounds, you have to respect them. It’s better than chopping each others’ heads off, which was the previous system.
Yesterday, Amazon announced that it is searching for a new city to build a second, massive, $5 billion headquarters. Exciting? No. Disgusting. This is what the extortion of public resources looks like.