lpetrich
Contributor
Then Robin Hood decided to stop trades in some stocks for a while, stocks like GameStop's.
Then AOC talked about how it seemed like for a few days that ordinary people were getting back at Big Money.
Then how we want to organize society - do we really want are best thinkers to be designing high-speed trading algorithms? But I think that the problem is that that's where a lot of money is. AOC recalled from when she was graduating, who the big recruiters were - Silicon Valley, Wall Street, and the like.
Then Alexis Ohanian, one of the founders of Reddit. Also TheStockGuy. Chamath Palihapitiya apparently couldn't make it.
TheStockGuy argues that it was not some plot against Big Finance but a way to get ahead. Then AO made a long speech about decentralization. AOC then described how nobody got in trouble for the crash of 2008, a crash that ruined *lots* of people, a crash that almost made her family lose their home.
She talked about how she was one of the new arrivals in Congress in 2018, and how many of them refused to take lobbyist money - even those that were somewhat more conservative than she is. Part of it was advancing technology, like being able to make lots of small donations over the Internet. She talked about grilling some execs as a member of the Financial Services Committee. It used to be known as a "money committee" from having a cozy and lucrative relationship with the subjects of its oversight. Ways & Means, Energy & Commerce - also money committees.
AO considers shorting a "bullshit" way to make money -- he is an entrepreneur, and he thinks that a more dignified way of doing so is building a business. She talked about some of the sorts of bills that get passed that mostly benefits lobbyists' clients but that are presented with language like supporting the "little guy" that makes the bills hard to oppose.
At the end, AO did a long speech about how being online has been very helpful for some of us, at least. Like putting the knowledge and experience and wisdom of large numbers of people at our fingertips. AOC ended the video with a statement of her own. Distrust of institutions, often justified. Like making a case for the Iraq War - a case that turned out to be totally bogus. Enormously expensive student loans just to get a chance at a well-paying job. A chance that often doesn't materialize. Politicians who seem more response to their biggest donors than to their constituents.
Does one channel one's outrage into destruction or into creativity & construction? AOC: Trump Admin about destruction. What sort of construction do we do now? Ordinary workers sitting on the boards of directors of the businesses that employ them? A wealth tax on top wealth, like Jeff Bezos and the Walton family. Medicare for All, Green New Deal, ...
Then AOC talked about how it seemed like for a few days that ordinary people were getting back at Big Money.
Then how we want to organize society - do we really want are best thinkers to be designing high-speed trading algorithms? But I think that the problem is that that's where a lot of money is. AOC recalled from when she was graduating, who the big recruiters were - Silicon Valley, Wall Street, and the like.
Then Alexis Ohanian, one of the founders of Reddit. Also TheStockGuy. Chamath Palihapitiya apparently couldn't make it.
TheStockGuy argues that it was not some plot against Big Finance but a way to get ahead. Then AO made a long speech about decentralization. AOC then described how nobody got in trouble for the crash of 2008, a crash that ruined *lots* of people, a crash that almost made her family lose their home.
She talked about how she was one of the new arrivals in Congress in 2018, and how many of them refused to take lobbyist money - even those that were somewhat more conservative than she is. Part of it was advancing technology, like being able to make lots of small donations over the Internet. She talked about grilling some execs as a member of the Financial Services Committee. It used to be known as a "money committee" from having a cozy and lucrative relationship with the subjects of its oversight. Ways & Means, Energy & Commerce - also money committees.
AO considers shorting a "bullshit" way to make money -- he is an entrepreneur, and he thinks that a more dignified way of doing so is building a business. She talked about some of the sorts of bills that get passed that mostly benefits lobbyists' clients but that are presented with language like supporting the "little guy" that makes the bills hard to oppose.
At the end, AO did a long speech about how being online has been very helpful for some of us, at least. Like putting the knowledge and experience and wisdom of large numbers of people at our fingertips. AOC ended the video with a statement of her own. Distrust of institutions, often justified. Like making a case for the Iraq War - a case that turned out to be totally bogus. Enormously expensive student loans just to get a chance at a well-paying job. A chance that often doesn't materialize. Politicians who seem more response to their biggest donors than to their constituents.
Does one channel one's outrage into destruction or into creativity & construction? AOC: Trump Admin about destruction. What sort of construction do we do now? Ordinary workers sitting on the boards of directors of the businesses that employ them? A wealth tax on top wealth, like Jeff Bezos and the Walton family. Medicare for All, Green New Deal, ...