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THE PERSUADERS by Anand Giridharadas @AnandWrites
I would like to see every mega-tycoon calling for a bailout first commit $1 billion of their own funds to shoring up the bank. Then we can discuss. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Don’t address your request to the “government,” @BillAckman. Address it to us. We would be paying for it. Explain to us why you need our money, and what you plan to offer us for it. What public benefit? We’re listening. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
.@BillAckman, any additional help must be conditioned on reform. An end to monopolies, tax avoidance, wage theft, regulation gutting, union busting, liability dodging, disinformation spouting. If you want us to help you, lead with what your industry is willing to do for us. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Hey @BillAckman, this sounds like a list of what Silicon Valley wants from the government. You’re missing a second list: All the reforms Silicon Valley will agree to, as an industry, as a condition for this aid. Call me when you produce that list. — PolitiTweet.org
Bill Ackman @BillAckman
The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without p… https://t.co/SqdkFK7Fld
THE PERSUADERS by Anand Giridharadas @AnandWrites
I love hearing from Silicon Valley bros that I have a “bad take” on them. I think what you mean is that I disagree with you and don’t share your interests. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Either tell us if Silicon Valley as a complex has fully changed its mind and believes all agreements should be reopened to maximize help to people, or tell us that the Valley just wants help for some people and not for most people. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Uber and Lyft drivers asked to be treated as employees. The firms said they couldn’t, since they’d signed an agreement to be contractors. Depositors similarly deposit based on an agreement about $250,000 guaranteed. Why does the Valley only want one of these agreements revised? — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Silicon Valley is not an assortment of people. It is an industry and a complex that have prosecuted a war on the idea of the common good. We are not fools. If you have been part of that ecosystem and not dissented from this war, asking for government help now is...interesting. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
A move being made now is folks in Silicon Valley trying to carve a distinction between workaday founders and industry leaders who malign government and the commons. For this to make any sense, you would need to show us receipts of how you have challenged those leaders’ ideas. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
I’m suggesting that the industry as a whole make a deal, since it’s some of its biggest leaders asking for bailouts. I’m not misinformed. I just think differently from you. Be well. — PolitiTweet.org
Dhruv Vasishtha @dvasishtha
@AnandWrites Anand I largely agree with you and love your perspective but you’re misinformed on this. Most deposito… https://t.co/kHpVZcV5CH
THE PERSUADERS by Anand Giridharadas @AnandWrites
Remember, people: any bailout gives the public the right to ask for whatever on earth it wants in exchange for the money. We can literally ask for anything. Of course, I’m hardly even saying we should do a bailout. But the idea of conditionality is hugely underappreciated. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
And they’re going to say no. Which is fine. Had to ask. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Any further help for Silicon Valley not required by existing law should come with strong conditions that forever reform the industry. Break up all monopolies. End all tax avoidance. Subject platforms to product liability. You want our help? Make it worth our while. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
No one is rooting for technology to fail. People are sick and tired of having well-connected people and industries get help before regular folks ever get any help. And people are tired of watching Silicon Valley denigrate government at every turn, only to ask for its help now. — PolitiTweet.org
Suhail @Suhail
I suppose I've learned today how many people are excited to see our technology industry fail. It's unfortunate that… https://t.co/UvhHGEDV34
THE PERSUADERS by Anand Giridharadas @AnandWrites
RT @MaxSeijo: Something fundamental about humans that I wish people understood more deeply is that often it’s easier for people to lose a g… — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
If you are calling for help for depositors now, did you also call for more aid to small businesses that had to make payroll in a pandemic? Did you also call for aid for student debtors? For people who can’t access clean air or water? — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
The government is us. And to have built an industry on the intellectual foundation of degrading us, degrading our common institutions, and then, without any acknowledgment, pivoting to asking for public help from truck drivers and teachers and nurses — wow. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
I would love to see one Silicon Valley bigwig admit they have been plain wrong about government. Just plain wrong. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
But it is gaslighty to suddenly invoke the importance of public help when your industry is led by people who demean the common good and our common institutions as socialism — until the moment they want a big bailout. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
My point is less about whether further help should be given now. My hope is that, after this mess, the people who spent so long undercutting the idea of public investment in each other will honestly declare their change of heart. And advocate for help for everyone. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
No one is denying that companies have to make payroll, and this is hard. That is precisely why we have government. To help us when things get hard. But please acknowledge that your industry, not every individual, but your industry has sought to shred the social contract. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
If Silicon Valley’s leaders now believe that, when factors beyond any individual’s control cause hardship, the government should step in to help, they might consider owning the fact that this is the notion they have devoted themselves to maligning. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Tom, does Meta, as your employer, support other policies to step in during crisis, for example the disinformation crisis aided and abetted by Meta? https://t.co/H65Mub0Dpg — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Tom, does Meta, as your employer, support other policies to step in during crisis, for example the disinformation crisis aided and abetted by Meta? — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
So why don’t the billionaires step up and pay it forward to the next-generation founders? Just wire them money. Don’t ask the people to help. — PolitiTweet.org
Bloomberg Markets @markets
At Silicon Valley Bank, north of 93% of the bank's $161 billion in deposits are uninsured per a recent regulatory f… https://t.co/dS7qsWuMp3
THE PERSUADERS by Anand Giridharadas @AnandWrites
Got it. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Still waiting. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
Still waiting. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
If you’re now calling for government help for Silicon Valley Bank, please reply to this tweet with screenshots of your advocacy in the past for relief for student debtors, essential workers, low-income parents, etc. I’m not saying you didn’t so advocate. Just want to see it. — PolitiTweet.org
THE PERSUADERS by Anand Giridharadas @AnandWrites
How about you and your Silicon Valley friends bail them out with your money? Oh, not a priority for you? — PolitiTweet.org
David Sacks @DavidSacks
Where is Powell? Where is Yellen? Stop this crisis NOW. Announce that all depositors will be safe. Place SVB with a… https://t.co/vcRLvc6grt