Why don’t year-end summaries about the economy mention this year’s record high corporate profits, unprecedented levels of corporate concentration, highest-ever CEO pay, or record levels of corporate political contributions in a midterm election?
@rbreich because those are inconvenient truths
@rbreich Who's writing the summaries, I wonder?
@rbreich
Because profiteering has been normalized from the large cap to the micro cap space. How come we don't have a ticker on CNN that shows how many people have "contracted" poverty and how many died from poverty today. It's because the truth hurts - our ego.
@Bodhioshea profiteering has not only been normalized, it is celebrated!
@rbreich I would like to see Ivanka & Jared's tax returns
@rbreich because propaganda is a mother f*****
@rbreich Put together a night little meme-graph that people can share!
@rbreich 2023 marks the 50th anniversary of Schumacher’s #SmallIsBeautiful. I am hoping we can make it a year in which we all recognise that Small is Indeed Beautiful- or at any rate that vast concentrations of wealth and power are hugely destructive and that we can do things differently

@rbreich

Perhaps because the summaries are written by people working for large, consolidated media corporations?

"Why don’t year-end summaries about the economy mention this year’s record high corporate profits, unprecedented levels of corporate concentration, highest-ever CEO pay, or record levels of corporate political contributions in a midterm election?"

@rbreich yes, good question. Must be the evil Republicans’ fault. 🤷🏻‍♂️
@rbreich Perhaps because ours is a totally corrupt system that nobody really wants to know about? We cannot spoil the American Dream.
It’s broken. It’s corrupt and broken. It’s likely irreparably corrupt and broken. And yet it is remarkably resilient and adaptable.
@rbreich I know why and I think you do to. Why not just say it instead of asking a rhetorical question?
@rbreich
Surely this is rhetorical, neither the donors nor recipients want to expose the hand in glove relationship between corporate profit and politics.
@rbreich Mr Secretary, your Twitter feed bounce back and forth was interesting for the length of a Super Bowl ad. Why aren’t end of year P/L + CEO bonuses and their disgusting largesse reported?1.Why would they? They make money off slight of hand games. Why show the magic trick? 2.Folks don’t care. Yes, a small percentage of folks get outraged, but to what end? A post? Snarky comment? Mr. Secretary it’s rigged. We get it. For those who don’t, they never will.
@rbreich Seems like a lot of layoffs in tech due to poor earnings
@rbreich Those are way, way more important things to review at the end of each year than which sports team won a championship game or which entertainer passed away.

you know why.
It's the same corporations that fund MSM

@rbreich

@rbreich Look, if you're going to make serious statements like this, you need to provide serious evidence, too. Anyone and their dog can make serious statements. Trump et al do it all the time. A difference between us and them is we provide evidence and rational reasoning.
@rbreich Is there a place I can look up how many costs-of-living are covered by one median income? When I think about the economy, I think about how well people can support themselves and their families, which is not expressed in any metric I’ve seen published
@rbreich ahhh now that would be telling !
@rbreich And stagnant 401k's.
@rbreich because we’re experiencing late stage capitalism where money buys political influence
@rbreich concentration of wealth and businesses.