Media: sorry I’m late I was just at the Obeying in Advance conference in Craven-on-Hudson, what did I miss
Will the cryptocurrency industry’s endemic fraud and risk-taking ultimately be backstopped by government bailouts, funded by taxpayers who may themselves have no exposure to crypto assets? Has crypto become too big too fail?
My latest in Businessweek: https://www.bloomberg.com/news/articles/2024-12-17/crypto-got-what-it-wanted-in-the-us-election-here-s-what-s-next
I wrote about Bluesky.
Cory Doctorow's article about the guy who shot the United Healthcare CEO and its connections to his story, 'Radicalized', has this paragraph:
"Nurses and doctors hate Thompson and United. United kills people, for money. During the most acute phase of the pandemic, the company charged the US government $11,000 for each $8 covid test:
https://pluralistic.net/2020/09/06/137300-pct-markup/#137300-pct-markup"
Have some people’s jokes gone too far? Yes. Are some people being craven and cruel? Yes. Are some people irresponsibly calling for more violence? Yes.
But to report on the online commentary surrounding Thompson's death without examining the systemic cruelty of our healthcare system is to willfully strip context from these online outpourings. https://www.usermag.co/p/yes-we-want-insurance-executives
Something that's become clear to me over the last decade is that the systems we have in place - "Justice", NLRB, FDA/EPA, even democracy itself - are all mediating tools created by an imperial ruling class to insulate themselves from the immediate consequences of their own decisions and actions.
It's also become clearer and clearer that our current ruling class didn't get the memo; they don't understand the purpose of these institutions isn't to *restrict* them; it's to *protect* them.