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Imagine the economy as a train roaring towards a precipice. All that is needed to avert catastrophic disaster would be for a few levers to be pulled.
Long ago, the First-Class cabin was bailed out with $Trillions.
What will be the fate of the remaining 99%? Thread 1/12
Long ago, the First-Class cabin was bailed out with $Trillions.
What will be the fate of the remaining 99%? Thread 1/12
In a functioning democracy, there would be some correlation between the will of the people & which levers are pulled.
But this train is not a functioning democracy & there is ZERO correlation between the will of the people & which levers get pulled. 2/12 https://twitter.com/ArashKolahi/status/1294324256348622848
But this train is not a functioning democracy & there is ZERO correlation between the will of the people & which levers get pulled. 2/12 https://twitter.com/ArashKolahi/status/1294324256348622848
The 2-party corporate-owned duopoly, 'two factions' of the same corporate party, BOTH elevate the interests of corporations & the 1% over the interests & desires of the population.
That's why First-Class was bailed first while the 99% sit & watch the fast-approaching cliff. 3/12
That's why First-Class was bailed first while the 99% sit & watch the fast-approaching cliff. 3/12
Poll after poll after poll show both parties – including the Democratic Party - are far to the right of the US population.
The small differences that do exist reflect the small differences within different factions of corporations & the 1% 4/12 https://twitter.com/ArashKolahi/status/1285647367585374208
The small differences that do exist reflect the small differences within different factions of corporations & the 1% 4/12 https://twitter.com/ArashKolahi/status/1285647367585374208
Back in March, I warned that without a drastic "bottom-up, starting with the most vulnerable, Main St. bail-out to the tune of 20% of GDP" we would be in for an economic collapse "more akin to the Great Depression than the 2008 recession" 5/12 https://twitter.com/ArashKolahi/status/1240718506821160960
Now, 5 months later, even mainstream economists are starting to see the gravity of what an estimated 20% GDP contraction, without a bottom-up bailout, would mean for the most vulnerable.
Seemed obvious to those of us not drinking the neolib Kool-Aid. 6/12 https://twitter.com/ArashKolahi/status/1263890825001361415
Seemed obvious to those of us not drinking the neolib Kool-Aid. 6/12 https://twitter.com/ArashKolahi/status/1263890825001361415
MILLIONS are unemployed, facing evictions/foreclosures, & food insecure.
With the expiring of the unemployment expansion, consumer spending will diminish, putting further downward pressure on the economy, leading to a death-spiral of completely avoidable pain & suffering. 7/12
With the expiring of the unemployment expansion, consumer spending will diminish, putting further downward pressure on the economy, leading to a death-spiral of completely avoidable pain & suffering. 7/12
The most effective solutions were obvious from the start: Like Sanders' $2,000/month during the pandemic plan, which would have helped counter the GDP contraction, while providing relief to the most vulnerable. 8/12 https://twitter.com/ArashKolahi/status/1240719940975394817
According to polls, approximately 70% of the population supported the $2,000 plan. Even 65% of Republicans supported it.
Yet, like so much else, what the population wants means nothing when it conflicts with the interests of corporations & the 1%: 9/12 https://twitter.com/ArashKolahi/status/1283648404598386688
Yet, like so much else, what the population wants means nothing when it conflicts with the interests of corporations & the 1%: 9/12 https://twitter.com/ArashKolahi/status/1283648404598386688
Which brings us full circle.
This train is roaring towards a cliff & the levers that could save us are completely outside of our control – at least through the standard channels presented to us by the corporate duopoly. 10/12
This train is roaring towards a cliff & the levers that could save us are completely outside of our control – at least through the standard channels presented to us by the corporate duopoly. 10/12
The corporate takeover of US Polity is so thorough & complete that alienation is now among the most pervasive sentiments across the entire political spectrum.
1 thing almost everyone agrees: our voices are never heard by the political establishment. 11/12 https://twitter.com/ArashKolahi/status/1294322016086941699
1 thing almost everyone agrees: our voices are never heard by the political establishment. 11/12 https://twitter.com/ArashKolahi/status/1294322016086941699
When the levers that could save us are controlled by the First-Class cabin, who've already saved themselves, & the standard channels have no semblance of democracy, we've got to demand & FORCE change: STRIKE!, civil-disobedience & movement building… 12/12 https://twitter.com/ArashKolahi/status/1230218303102046209
