Judd Legum

Judd Legum @JuddLegum

12. More https://t.co/Lmu6hNyYOC — PolitiTweet.org

Judd Legum @JuddLegum

@AdamLocklin Yes, that's not what I'm talking about though. The point is that Musk, just like his predecessors, is going to ban legal speech. They are trying to avoid admitting this by claiming its "identity theft" — PolitiTweet.org

Judd Legum @JuddLegum

What's disingenuous is @DavidSacks misrepresented what this discussion is about Twitter's rules BAN certain kinds of parody that enjoy free speech protections & are not illegal You can enforce that rule. But you can't enforce that rule while claiming to allow all legal speech — PolitiTweet.org

Judd Legum @JuddLegum

@DavidSacks It wasn’t just Kathy Griffin. Multiple people were suspended for parodying Musk’s account You can argue whether or not their conduct is worth a suspension but the idea that it is “identity theft” and not parody is absurd Making fun of someone is not illegal and it’s not fraud — PolitiTweet.org

Judd Legum @JuddLegum

I am a lawyer. — PolitiTweet.org

Judd Legum @JuddLegum

@Viral_Strike I am a lawyer — PolitiTweet.org

Judd Legum @JuddLegum

11. Also, lol that David Sacks, who is worth hundreds of millions of dollars, is a man of the people whereas I am "elite." — PolitiTweet.org

Judd Legum @JuddLegum

10. @DavidSacks responds. He still doesn't understand that using a Twitter account to parody someone is not "identity theft." https://t.co/VRDomQfdX1 — PolitiTweet.org

Judd Legum @JuddLegum

9. I am not saying all speech allowed by the First Amendment should be allowed on Twitter. THAT IS WHAT ELON MUSK SAID. I'm saying ELON MUSK IS NOT DOING WHAT HE SAID HE WAS GOING TO DO. Hopefully, that clears up any confusion. — PolitiTweet.org

Judd Legum @JuddLegum

8. @elonmusk and Sacks claimed they were going to follow the First Amendment and allow all other speech They aren't doing that Instead, they are banning speech they don't like (people making fun of Musk) and allowing speech they do like (spreading vile rumors about Paul Pelosi) — PolitiTweet.org

Judd Legum @JuddLegum

@DavidSacks 7. Sack's response: "OH, YOU ARE AGAINST BANS NOW?!?" is nonsense I never said I was a "free speech absolutist, whatever that means To have a functional social media platform, you will probably have to prohibit some speech that isn't against the law https://t.co/d7dtCH5QSX — PolitiTweet.org

Judd Legum @JuddLegum

6. Even though @DavidSacks apparently consulted Wikipedia before tweeting, he is wrong. Parody is explicitly protected speech under the Supreme Court precedent (Hustler v. Falwell). By banning people for engaging in parody, must is censoring people for legal speech — PolitiTweet.org

Judd Legum @JuddLegum

@DavidSacks @elonmusk 5. @DavidSacks attempted to justify the suspension by claiming these parody accounts were violating the law and engaging in conduct that is not protected by the First Amendment. https://t.co/CXzH0tduJj — PolitiTweet.org

Judd Legum @JuddLegum

@DavidSacks @elonmusk 4. Then, yesterday, @elonmusk started banning accounts that were parodying him. https://t.co/qW9oQZ2xF0 — PolitiTweet.org

Judd Legum @JuddLegum

@DavidSacks @elonmusk 3. This, BTW, is also the view of @DavidSacks, who is currently helping Musk run Twitter. Sacks said, "My content moderation policy is the First Amendment." https://t.co/y4R5lpLPrK — PolitiTweet.org

Judd Legum @JuddLegum

@DavidSacks @elonmusk 2. When @elonmusk first struck a deal to buy Twitter, he said, very explicitly that he would not ban speech that doesn't violate the law. "I am against censorship that goes far beyond the law... going beyond the law is contrary to the will of the people" https://t.co/rR3g93VVe6 — PolitiTweet.org

Judd Legum @JuddLegum

1. I'm going to explain this SLOWLY so that @DavidSacks and the other people running Twitter right now can understand. The issue is not that @elonmusk is banning people. That's his prerogative. The issue is that ELON MUSK IS NOT DOING WHAT HE SAID HE WOULD DO — PolitiTweet.org

Judd Legum @JuddLegum

11. Don't rely on social media algorithms controlled by right-wing billionaires to receive this kind of information. Get accountability journalism straight to your inbox by subscribing to Popular Information. It's free to sign up. https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

10. Paul Donovan, the chief economist at UBS Global Wealth Management — not a position typically held by leftist radicals — wrote last week in the Financial Times that corporations have "taken advantage of circumstances to expand profit margins." https://t.co/SrqPsvEK1A — PolitiTweet.org

Judd Legum @JuddLegum

9. It's been fashionable for many economists to dismiss the contribution of corporate greed to inflation. That's changing. — PolitiTweet.org

Judd Legum @JuddLegum

9. Corporate concentration is not an isolated phenomenon. Over the last two decades, "[m]ore than 75% of U.S. industries have become more concentrated." A paper published by the Boston Fed found the "US economy is at least 50 percent more concentrated today than it was in 2005." — PolitiTweet.org

Judd Legum @JuddLegum

8. In rental cars, three firms control 50% of the market Between 2019 and 2021, Hertz and Avis "enjoyed a profit increase of 597%," from $244 million to $1.67 billion. https://t.co/SrqPsvEK1A — PolitiTweet.org

Judd Legum @JuddLegum

7. Between 2019 and 2021, "three of the five largest companies in the shipping industry saw profits rise by 29,965%." -- from $155 million in 2019 to $46.6 billion in 2021 https://t.co/SrqPsvEK1A https://t.co/130f14ICXd — PolitiTweet.org

Judd Legum @JuddLegum

6. The top 10 container lines "control nearly 85% of the capacity for shipping goods by sea." Even that overstates the amount of true competition today. 9 of the top 10 shipping companies operate "under vessel-sharing agreements called 'alliances'" — PolitiTweet.org

Judd Legum @JuddLegum

5. Corporations in highly concentrated industries, with little competition, have been able to exploit the shock of the pandemic and interruptions to the supply chain to massively increase profit margins. Let's take a look at the shipping industry... — PolitiTweet.org

Judd Legum @JuddLegum

4. A search of the same database of 47 major U.S. newspapers over the last month reveals just eight articles that mention inflation in proximity to "corporate profits." https://t.co/SrqPsvFhR8 — PolitiTweet.org

Judd Legum @JuddLegum

3. An analysis by @EconomicPolicy, however, makes clear that corporate profits drove the majority of inflation from the start of the pandemic through the end of 2021 https://t.co/Dshtv6h6aC — PolitiTweet.org

Judd Legum @JuddLegum

2. Inflation is being covered primarily in POLITICAL terms, linked to decisions made by Biden. A database search of 47 major US papers over the last month found 514 stories that mention inflation in proximity to Biden https://t.co/SrqPsvEK1A — PolitiTweet.org

Judd Legum @JuddLegum

1. Tomorrow is Election Day and INFLATION has emerged as a dominant issue. But voters aren't getting the full story on what's driving inflation from major media outlets A major factor is being mostly ignored. 🧵 https://t.co/SrqPsvEK1A — PolitiTweet.org

Judd Legum @JuddLegum

1. Tomorrow is Election Day and INFLATION has emerged as a dominant issue. But what voters are learning about what is driving inflation in major media outlets is highly distorted. A big part of the story is being left out. 🧵 https://t.co/SrqPsvEK1A — PolitiTweet.org