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#oligarchy

6 posts5 participants0 posts today

“The American economy will contract over the next six months. This will cause massive hardship for lower-income Americans because they’re likely to be the first ones to lose their jobs — at the same time they’re paying more for much of what they need. But a recession is not necessarily bad for Trump… Recessions are opportunities to buy up real estate, companies, and shares of stock at bargain-basement prices.”
—Robert Reich
robertreich.substack.com/p/why
#trump #oligarchy #recession

Robert Reich · Why we’ll have a recessionBy Robert Reich
Replied in thread

@eff The TikTok ban was never about national security or privacy. It's about the oligarchs not being able to control the algorithm of a very popular social media platform and hence, what users see.
I'm not saying there aren't national security or privacy issues with TikTok mind you, just saying what the real concern is. #privacy #security #social #oligarchy

#Recession Risk on the Rise as #TrumpTariffs Reverberate Globally

#Stocks in every sector & every #market tumble drastically, former #US #allies & adversaries alike plan #retaliatory measures.

Meanwhile #Trump plans to golf at his #luxury Florida resort w/ #SaudiArabia LIV tourney this weekend.

#economy #tariffs #inflation #trumpcession #plutocracy #oligarchy #kleptocracy
reuters.com/world/us/donald-tr

Analysis: "Musk Tried to Buy Wisconsin’s Supreme Court. He Lost."

"Wisconsin Democrats launched the People v. Musk campaign in early March, with Wikler calling the race 'the first referendum on Musk-ism'.

"Crawford’s victory provides a blueprint for how Democrats and progressives can run against Musk’s plan for oligarchy all across the country—and win.

motherjones.com/politics/2025/

#uspol #autocracy #oligarchy #musk #wisconsin #resistfascism #organise .

Mother JonesElon Musk tried to buy Wisconsin's Supreme Court. He lost.Susan Crawford's victory means liberals will preserve their majority on the court.
Continued thread

"Why are they so enthusiastic? Not only can they make fortunes, but crypto advances their long-term aim of shifting financial controls out of a democratically elected government and into their own hands. ...

Trump and his family stand to gain substantially. The rest of the economy — including, increasingly, large Wall Street banks — will be subject to large and unregulated risks. Beware."

#Trump #Musk #crypto #bitcoin #corruption #scam #oligarchy
/3

Continued thread

"As economist Paul Krugman has said, their market value rests on nothing but 'technobabble and libertarian derp.'

They also use huge amounts of energy — especially for Bitcoin mining.

Eric and Donald Jr.’s mining project is the third major crypto venture that the Trump family has started over the past year. ...

The richest people in America with huge power — the oligarchy, including Elon Musk and Trump — are enthusiastic about cryptocurrencies."

#Trump #Musk #crypto #bitcoin #oligarchy
/2

"Yesterday, Eric Trump and Donald Trump Jr. announced they were joining forces with a Bitcoin mining company to create a firm called American Bitcoin. Eric will be co-founder and chief strategy officer. ...

Let me remind you, in addition, that cryptocurrencies serve no useful purpose other than the purchase of other crypto assets, money laundering, extortion, and scams."

~ Robert Reich

#Trump #Musk #crypto #bitcoin #corruption #scam #oligarchy
/1

robertreich.substack.com/p/tru

Robert Reich · Trump’s Crypto Inc.By Robert Reich

#wisconsin of #mastodon I am so proud of you! You all made this fellow blue dot very proud! Big congratulations to #susancrawford for winning the Wisconsin special elections. Show this administration that #oligarchy has no place in this country and that billionaires shouldn’t be running the presidency either! Rest well Wisconsin, you fought so bravely and kicked #elonmusk onto the curb like the vermin he is, we still need you tomorrow and in the #handsoff protest.

No matter what happens, it'll be a travesty. The #US #oligarchy is chomping at the bit to make an example out of #Mangione.

But, I'm pretty sure the judge is smart enough to also know that martyrs breed copycats.

If he or she doesn't, I'm guessing the next big domestic terrorism act will be by people who don #LuigiMangione masks.

US #prosecutors to seek #DeathPenalty for Luigi Mangione
bbc.com/news/articles/c30qlr52

Luigi Mangione attends a pretrial hearing at New York State Supreme Court in New York, US, on 21 February 2025
www.bbc.comUS prosecutors to seek death penalty for Luigi MangioneThe 26-year-old is accused of shooting dead healthcare CEO Brian Thompson outside a Manhattan hotel.

In case you haven't noticed, or paid attention, or maybe been in a #TrumpVirus / #GQP #media induced coma....

>> The Trump administration is descending into authoritarianism

theguardian.com/us-news/ng-int

> From media to culture and the arts to the refusal to abide by court orders, we’re nearing ‘Defcon 1 for our democracy’, experts

#fascism #DOGE #Muskville #GQP #oligarchy #plutocracy #Project2025 #coup - Full-tilt war on #truth - #democracy - #respect for #law

The Guardian · The Trump administration is descending into authoritarianismBy David Smith

"..the Facebook she describes is not run by careless people, not really, but rather by wittingly amoral ones who use technical genius and business acumen to profit from human vulnerability"

#Facebook #Zuckerberg #CarelessPeople #Oligarchy
Careless People: A Story of Where I Used to Work by Sarah Wynn-Williams review – a former disciple unfriends Facebook | Autobiography and memoir | The Guardian
theguardian.com/books/2025/mar

The Guardian · Careless People: A Story of Where I Used to Work by Sarah Wynn-Williams review – a former disciple unfriends FacebookBy Stuart Jeffries