btb.bsky.social
Former tech exec turned advocate for economic justice. Anti-Milton Friedman, pro-progressive economics Ă la Stiglitz, Raworth, and Graeber. Passionate about justice, rethinking capital's role, and aligning finances with values.
135 posts
266 followers
120 following
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I imagine part of it comes from mission oriented people who came to realize the mission was BS and Mark didn't actually care about it.
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Is there any way to see what you presented?
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Brooks is out of touch on this one. Americans don't trust the establishment because for most this economic system has failed them and each new administration fails to deliver for them in ways that make their lives better. It isn't just slowing Trump down but offering an alternative that delivers.
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🤔 that's indeed true
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That too... But also...
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Monopolies are also pretty good
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Ben Thompson's readers sure think so
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That's wild. I remember hearing from people inside of Meta that they were discussing how Frances Haugen was a plant tasked with undermining the company.
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He's leading a coup
www.delta-fund.org/post/breakin...
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The second, and more significant, is elite overproduction—when a society produces too many superrich and ultra-educated people, and not enough elite positions to satisfy their ambitions.
The United States is long on both and thus our deep political unrest.
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Politics and finance, especially in the US context, are intimately combined. You can't cover one without the other
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So our current player strategy is to find players who have shown some brilliance but have fallen off and cross our fingers that we can make them great again?
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That's certainly true. All tech companies know this and keep their defaults set to whatever drives engagement regardless of what's best for people. I certainly saw this at Facebook
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We have focused on trying to grow employee ownership in the US since it gives people profit participation and the ability to actually get better wages and benefits. "Opportunity Economy" are empty words but ownership economy can start to change the course.
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Wages decoupled from productivity in 1979 so that working class Americans fall more steadily behind and barely get by today. People, especially young, now look for an out in gambling of all sorts. The shift to legal gambling is similar to meme coin crypto gambling.
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We have wingers... How about a striker?
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"He's got a master plan for our lives"
You can definitely bet on that
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Also being clear on what the goal is for any effort
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Unprecedented yes but it's the logical conclusion of the neoliberal policies and ideologies that have steadily taken over the US since the 70s. The ideological goal is a corporate state where capital holders decide all and take the financial benefits. @graceblakeley.substack.com frames this well
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I worked at Meta during those years and the overall feel of the vibe and people is spot on.
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And even being involved in the staffing conversations around these "critical countries" there was never real investment made. Same with the research work that could have better understood Facebook's impact in the world.
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Myanmar genocide for example. When I was told about it from Sheryl and leadership it was positioned as a surprise - the book brings evidence that it was a known risk in advance. We were told that the company would learn from the surprise and make sure it wouldn't happen again.
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Unfortunately yes. I delayed resigning when he returned on the hopes he would make a difference. I pitched investments in expanded internal research, broader university research partnerships and CrowdTangle expansion to help get a handle on the platform. Ultimately they declined and I quit.
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I worked at Meta after you for 11 years and quit in 2020 because I couldn't change the mentality of "why try" on the hard social problems that created real world harms. Mark, Sheryl, Cox, Boz just didn't care about ensuring a safer democratic platform.
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And for context... It sounds like the author was provided with a document to sign when she was fired that almost certainly was tied to her severance package including salary and benefits for some period of time. These agreements are problematic. If she didn't sign she loses money and benefits.
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It's also absolutely appalling that Meta will claim to champion free speech and then file arbitration claims to silence an author. Fwiw arbitration is a shitty process that I don't believe brings just results.