"This is prediction markets’ Juul moment."
Prediction markets knew this was coming and already hired Juul's spokesperson to manage the backlash to their products.
Juul largely succeeded in getting a generation addicted to vapes. Prediction markets intend to do the same.
In addition to being factually suspect, the increasingly popular bad lawyers (US) vs good engineers (China) narrative minimizes the bloated and extractive financial sector's contribution to American political economic problems over the past 40+ years
I was reading @JohnCassidy "Critics of capitalism". Highly recommend. Very well written, easy to read, well-informed. Goes from Adam Smith to Piketty.
I liked the most the chapters on Hobson, Luxemburg/Lenin, Polanyi, Kondratiev and Keynes. What was written in then (~100y ago) seems closer to the present-day than many things people write today.
How do you sell oligarchy to liberals? You can’t do it overtly, bc liberals won’t like it. Instead, you get a network of credentialed pundits @DKThomp to lie. Here’s how these guys work, it’s weird and involves Sam Bankman Fried and a Silicon Valley cult. https://t.co/lZ8PkQmmfS
In Ep 224, "Corporate Self-Regulation and the Fine Art of 'Preempting' Public Outrage" we detail the classic PR gambit of corporations anticipating regulation, offering to "self-police," waiting for outrage to blow over, then going back to business a usual https://t.co/ccrPBnJfhJ
NEW: The industry paints a gloomy picture, but nationwide, property insurers still cleared $25.4 billion in underwriting profit in 2024, and their net investment income surged to $164.3 billion.
By our @kenny_stancil. Link ⬇️
NEW: We need to talk about the Americans who will pay for AI expansion with their health. Our @DylanGyauchL writes for @TheProspect about how AI energy demand and cancer and the human cost we'll pay for data center buildout
(link below)
Our team at @IMAKglobal just released two new products. What we’re seeing is a patent system that is giving drug companies far too many ways to extend their monopolies and maximize profits while utterly failing to uphold the social contract it was meant to serve.
The New York Times was asked "Which constitutes more government experience? 5 years as a state assemblyman or being a hedge fund manager?" and somehow came to the conclusion that managing rich people's money counted more for government service than literal government service
I'm cursed with actually knowing something about California high-speed rail, which a certain faction likes to use as a talking point. And I keep seeing complete falsehoods perpetuate. @EricLevitz, the state never, ever "allocated $33 billion" to HSR. That's part of the problem!
I can’t recommend Andor enough.
It’s by far the best thing Star Wars have ever done and you don’t even need to watch any of the movies/shows to shows to really get into it.
It’s heart breaking and funny and really really cool.
Just start it.
NEW in @TheProspect@_EYME and @alexhmoss detail Trump appointees' plans to hijack the patent system and defang the Patent Trial and Appeal Board, which serves as a critical safeguard against dubious, low-quality patents.
Yes, Trump is already breaking laws... But...
1. That's a crappy excuse for formally rendering legal what a future Congress or court might hold against him, &
2. Making his corruption MORE PROFITABLE is also bad to anyone who actually hates his corruption.
NEW: We Can't Count on Trump's SEC to Tell Us If He Is Manipulating the Market.
"Trump and Musk's evisceration of the SEC has turned the agency into a shell of its former self, at a time ripe for rampant market manipulation."
Link to article ⬇️
Last week, RDP launched a new U.S. Attorneys Under Trump tracker.
It monitors the Trump administration’s reckless appointments of conspiracy theorists, corporate hacks, and other sycophants to US Attorney positions across the country.
Check it out here: https://t.co/b9229QXX6z
NEWSLETTER: To mark day 100 of Trump 2.0, we explore a couple of the ways Donald Trump & Associates have promoted the corporate takeover of government.
NEW in @TheProspect: The Trump admin’s attacks on FOIA offices will obstruct access to the sorts of public records that have previously exposed important stories about conflicts of interest and corporate abuse. It’s hard to understand that as anything but intentional. /1