I’m calling for breaking up @Facebook in an essay in the @nytimes. FB has become too big and too powerful, and it’s part of a trend in our economy of an increasing concentration of corporate power. We can fix this: break the company up and regulate it.
I have a feeling that many people in tech will see Warren's thread implying FB empowers Trump over Warren as unfair. But Mark, by deciding to allow outright lies in political ads to travel on Facebook, is embracing the philosophy behind Trumpism and thereby tipping the scales.
They’re allowing Trump to spend over $1 million a week right now for ads on their platform—including ones that air the same lies that TV stations won’t. Here’s an example of an ad that Facebook let Trump run despite being obviously untrue: popular.info/p/facebook-all…
There is a higher calling - to be a platform that won't allow political lies to spread. Employees should demand that kind of policy. It isn't partisan - it's the right thing to do.
This crisis has shown that inequality can be a matter of life and death. Moving forward, let's organize our economy around resiliency rather than reckless markets. A guaranteed income should be at the center of a resiliency agenda. My op-ed in @nytimes
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:
We don't need to go back in time and “make America great again” by recreating a world that provides economic mobility to a select group – we need to build a new economic order that empowers all Americans to get ahead. #FairShot
My hope for 2018: we start to have frank conversations, even if they are awkward or painful, about why a few win and so many lose in today's economy. And that those conversations generate concrete solutions for the here and now. #FairShot
For the past two years, I've been thinking about how best to fight income inequality. My new book, #FairShot, comes out in February and presents a radically simple idea to fight poverty and stabilize America's middle class. Learn more at fairshotbook.com.
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:
The question Fed watchers are all asking is whether Jay Powell will lead like Paul Volcker in the 1980s or Arthur Burns in the 1970s. But what if we've misunderstood Burns all along? My latest in @DemJournal
