I’ll expect a small market crash in Q1. With senate control, and possible confirmations for Bernie-left people in key the red-scare bears will be out in force.
Show this thread
-
I think free marketers are in denial about how much economic damage Covid has done and how much state-driven repair will be needed. And how unwilling people are to give Wall Street yet another get out of jail free card. Public will correctly demand a public stake in any bailout.
Show this thread
“Socialism” has become such a catch-all provocation for a broad and peculiar sort of American moral panic, I’m actually kinda curious to see how the pragmatic horse-trading between AOC/Bernie crowd and center actually works out. Everybody is expecting gulags and holodomors.
-
-
It is vastly overblown Galtian panic. I think there’s barely even appetite for a tenth of great society type ideas. We’re all Reaganites now. It’ll be good to get the supposedly “socialist” idea space converted from abstract demons to specific proposals.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Gulags come from a desire for revenge - Marie Antoinette or Louis XVI style. Hopefully we never get to that point, like Nick Hanauer speculated.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.