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Bring back the corporate death penalty

19 August 2026 at 12:30

I’m a huge fan of the corporate death penalty, a legal process in which a corporation is forced to dissolve or stop existing. (This is actually the only death penalty I support, because the state executing humans isn’t just unethical, it also doesn’t work to deter homicides. But unlike what the Supreme Court believes, I don’t think of corporations as human.) More formally known as judicial dissolution, the corporate death penalty basically happens when the government is so pissed off by the corruption or damage a corporation causes that it yanks away their charter. 

The mechanism has existed since at least the 19th century, but it has only been used a few times, usually in response to severe environmental destruction. In 1890, the North River Sugar Refining Corporation was dissolved by New York’s highest court on the grounds that it was abusing its power as a corporation. The judge’s opinion contains this little gem: “The life of a corporation is indeed less than that of the humblest citizen…” 

My, how times have changed!

It’s hard to find any modern examples of the corporate death penalty, but that doesn’t mean critics of abusive business haven’t attempted to invoke it. Goldman Sachs, Wells Fargo, Equifax and even the National Rifle Association have all been the target of calls for this form of execution. 

There is at least one semi-recent example of the government destroying a business as punishment for corruption. Arthur Andersen was once one of the “Big Five” accounting firms (it’s now the Big Four) that dominate the financial sector. Among the company’s biggest customers was Enron, the energy company that infamously filed for bankruptcy in 2001 after widespread internal fraud was uncovered. The largest corporate bankruptcy in American history at the time, Arthur Andersen was instrumental in helping Enron cover up that fraud by destroying evidence, and the firm was indicted and found guilty of a narrow charge of obstructing a Securities and Exchange Commission official proceeding. Arthur Andersen surrendered its CPA license, effectively putting the firm out of business in 2002, although the Supreme Court later overturned the conviction. But the damage was done, and the firm no longer exists. 

Generally, while calls to invoke judicial dissolution don’t result in much action, it’s still fun to fantasize about which corporations should face execution. Perhaps there should be a reckoning for Flock Safety, whose mass surveillance devices have spread like a plague through communities, and are ripe for abuse from police and riddled with false positives. Or we could break up Amazon for a million reasons. But to pick one just from this month, the company is planning to build a power plant (for fueling artificial intelligence data centers, naturally) so big it threatens to instantly become the country’s largest polluter. That seems like a decent rationale for invoking the corporate death penalty. And Taylor Farms would certainly top the list for anyone glued to a toilet bowl lately, thanks to the company’s alleged indiscretion handling lettuce laced with the “explosive diarrhea” parasite.


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In another universe, one in which Donald Trump hadn’t secured a second term, he may have been convicted of the fraud he was accused of and his companies could have been liquidated by using the corporate death penalty. Indeed, people were floating the idea before the 2024 election, which allowed Trump to dodge the numerous lawsuits against him that may have resulted in total dissolution of his businesses. It could still happen one day, but it doesn’t seem likely any time soon.

Much like jury nullification — another legal mechanism that is not widely known — there is a reason the corporate death penalty isn’t part of the Overton window, the range of acceptable discourse in the mainstream public. The corporate death penalty is the kind of thing that keeps the ultra-rich scared. It’s why corporate shills love to make the excuse that using the corporate death penalty would unfairly punish employees and bring shocks to the economy. More likely, it would persuade big business to pursue due diligence instead of profits over people and the environment.

“This weapon might help minimize corruption but with collateral damage,” John F. Hulpke, a professor at University College Dublin, wrote in the Journal of Management Inquiry in 2017. “But if society is serious about wanting to curb corruption, all weapons must be considered, including this one.”

In yet another universe, we would restructure corporations to have more than one bottom line beyond their shareholders. So-called public benefit corporations do actually exist, and with a triple bottom line: a dedication to people, planet and profit, essentially in that order. Corporate responsibility could encompass so much more than making the stock market rise. There are approximately 10,000 of these entities in the U.S. It’s difficult to get an exact number of corporations in the U.S., but the IRS flagged 6.8 million active corporate returns filed in 2022, so to say there’s a big gap in ideology here is a major understatement. 

Corporations aren’t people — they’re technology. And if our corporate law is actually outdated and destructive tech, maybe we should update it. Don’t worry, the rich will still make plenty more than they need, but it doesn’t have to come at the expense of everyone else.

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A flashing red light from the bond markets

18 August 2026 at 23:55
“The Treasury Department” is seen engraved in stone above columns in front of the US Treasury Department headquarters in Washington, DC.
The Treasury Department headquarters in Washington, DC, on May 27, 2026. | J. David Ake/Getty Images

This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here.

As someone with a 401(k), I tend to prefer it when financial news doesn’t reference the 2008 financial crisis. Unfortunately, that was not to be on Tuesday: the US bond market is having a tough go of things right now, and the 30-year Treasury yield just hit a 19-year high last reached in June 2007. Other countries, including Japan, Germany, and France, also hit multi-year highs.

So what does that all mean? It sounds technical, but bond yields underlie the cost of borrowing for just about anything, from mortgages to car loans. Essentially, they’re the rate the government pays to borrow money on different time horizons (10-year Treasury notes or 30-year bonds, for example, often just called Treasuries). When investors sell government bonds, the price falls, and bond yields go up. A combination of weak demand and heavy supply right now means the problem is particularly acute.

The current shakiness in bond markets reflects the broader set of problems facing the US and global economies right now: The Iran war is dragging on with no end in sight after the US and Iran blew through a 60-day deadline to reach a more permanent peace deal yesterday, inflation is still a problem, and the national debt in the US and elsewhere is rising. Huge volumes of corporate borrowing for AI data centers in the US also play a role.

A deepening debt problem

Here’s an uncomfortable problem: Part of the reason for climbing US bond yields is investors feeling antsy about the national debt. But the higher those yields go, the more it costs the government to service that debt, and the more quickly it’s going to accrue. And the US has a milestone approaching: $40 trillion. 

It’s expected to reach that mark sometime this week, the Washington Post reported on Tuesday, months sooner than expected. Shortly after that — sometime early in 2027 — the US could once again be staring down the debt ceiling, which Congress will have to raise (it previously acted last year to raise it by $5 trillion, to $41.1 trillion total). 

Whenever that rolls around, it’s likely to be a major political fight, especially if Democrats win back one or both chambers of Congress this fall (unless Republicans do so this fall, as Trump has urged). 

But as my former colleague Dylan Matthews wrote in 2024 (when the national debt was merely $35 trillion or so), there are very good reasons to address the growing national debt beyond the political: Not only can it weigh on the overall economy over time, but if things get really serious, it can also spiral into a debt crisis. It’s never happened in the US before, which has some things going for it that make such a crisis far less likely than in other countries. As Dylan pointed out some $5 trillion ago, though, that doesn’t mean it’s impossible.

One link for later

➨ Environmental law at risk. Trump is asking the Supreme Court to clear the way for construction to continue on his East Wing ballroom/“Military Complex,” which has been blocked by lower courts. But the case goes much further than that: As my colleague Ian Millhiser explains, if justices rule in Trump’s favor, “numerous environmental, conservationist, and historical preservation laws could effectively cease to function.”

Before you go…

  • Did you know…that most pet hamsters are Syrian hamsters, native to the northern part of the country? It’s just one of many great details in this nuanced piece from my colleague Kenny Torrella, about the complicated story of Mollie, the hamster uploading his runs to Strava.
  • Today’s trivia: Which Dutch astronomer theorized a cloud that constantly creates comets? (You can find this and other brain puzzles in Vox’s daily crossword. Look for the answer in tomorrow’s edition.)
  • Yesterday’s trivia: Yesterday, we asked you for the title of Iran’s ruler before the 1979 revolution. That was the shah; Mohammad Reza Pahlavi was the last to hold the title.

You’re not imagining it: Your kid’s school supplies cost more this year

18 August 2026 at 12:00

This story was originally reported by Chabeli Carrazana of The 19th. Meet Chabeli and read more of their reporting on gender, politics and policy.

Pencils are more expensive. So are notebooks, scissors, glue sticks — just about every back-to-school item that families will load into their literal or virtual carts this summer has gone up in price at a time when American families already feel crushed by rising costs.

According to one analysis of the 21 most common school supply items by the Groundwork Collaborative and The Century Foundation, two progressive think tanks, prices are up about 7.7 percent with parents paying an average of $173.45 for their school supply haul. That’s an even bigger jump than last year. Add to that an 11 percent hike in prices for school lunch essentials — from the literal tons of blueberries needed to feed young children to apple juice — and costs balloon to nearly $4,000 a year to cover supplies and meals. 

That data was first shared exclusively with The 19th. The analysis is based on weekly retail transaction data on millions of products collected by NielsenIQ from about 50,000 retailers.

With school supply costs outpacing inflation, many families — and especially the women who do the majority of purchases in American households — are going to feel the sticker shock, said Lindsay Owens, the president and CEO of the Groundwork Collaborative.

“Women in this country are rip-roaring mad about the price hikes that they’re absorbing. They’re trying to manage household finances and budgeting. They’re trying to feed their kids healthy food,” Owens said. “The work is getting harder of providing for your family.”

Here are the school supplies with the biggest spikes in price: 

  • Lunch boxes are up 27 percent
  • Notebooks, notebook paper, tissues and index cards are all up about 20 percent
  • Scissor costs rose 14 percent
  • Dry erase markers and glue sticks are up 8 percent
  • Headphones, binders, crayons, colored pencils and No. 2 pencils increased between 5 and 7 percent

On the lunch side: 

  • 12 ounces of blueberries are up a whopping 48 percent
  • A loaf of sandwich bread is up 22 percent
  • Apple juice prices have risen 20 percent
  • A pound of oranges has risen 17 percent
  • A box of packaged animal crackers will run you nearly 16 percent more 
  • A package of chocolate chip cookies is up 14 percent

Driving up some of these costs are tariffs and the war on Iran. 

Take blueberries, which American families have increasingly been eating more of every year, particularly those with berry-aged children who pop them like M&Ms. About half of the berries Americans eat are imported, many from Peru, which is now increasingly selling its berries to China instead of the United States because of tariff increases. 


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The other half of America’s blueberries are grown domestically, a good portion of them in Maine, the top producer of wild berries in the country. But tariffs on steel and aluminum have made it more costly to purchase the equipment needed to harvest the crops. 

“Our consumers, our manufacturers, our blueberry growers, and more will all continue to pay the price,” Sen. Susan Collins, the Republican from Maine, wrote to the Department of Commerce in December. 

Similarly, many school supplies are produced overseas, like pencils and crayons, which are predominantly imported from Brazil, China, Mexico and India. The war in Iran, which has raised fuel and shipping costs, has directly impacted imports and those price increases are being passed on to consumers. Though inflation is showing signs of cooling, oil prices hit a six-week high in late July.

“Gas prices filter through to everything, but especially food,” Owens said. “The cost of transporting food goes up. The cost of farming goes up because the cost of diesel is up. The cost of plastic goes up, so the packaging around pencils or deli ham, that gets more expensive. All of that is going to filter through to higher food prices and higher prices for consumer goods like back-to-school staples.”

The problem is parents don’t have a lot of wiggle room on the matter, said Julie Margetta Morgan, the president of the Century Foundation. Kids need the supplies to be successful during the year, and parents, whether they’re low- or high-income, want to ensure their kids can thrive. 

About half of parents expect to take on debt to cover back-to-school shopping this year, up from 34 percent in 2024, according to a survey of parents with kids under 18 conducted this summer by Intuit Credit Karma. One in five parents say they also feel pressure to keep up with what other parents are buying their kids, a June NerdWallet survey found.

“There’s a really strong actual cost — but also emotional cost — to having to make really impossible choices about caring for yourself and caring for your family in order to bear the costs of tariffs and of a war that seems impossible to explain why we’re involved in it,” Morgan said. “It is weighing particularly heavily on mothers.” 

It’s around this time every year that Victoria Albano starts to cut back on any expenses for herself to make sure she can cover all the back-to-school items for her 6-year-old daughter, who is entering first grade this year. A July trip to Target to get everything on her list — among the items, two packs of wired headphones, Band-Aids, eight folders and four composition notebooks — cost about $230.

Albano, her husband and her daughter moved to Duluth, Georgia, three years ago because housing costs squeezed them out of New Jersey. They swapped their $2,500-a-month, two-bedroom apartment there for a $2,000-a-month, three-bedroom home in Georgia. But even with the savings, utility and gas prices remain high, Albano said. School supplies are another stressor. 

Recently, she said, “I was up all night trying to figure out what to buy and what not to buy.”

“I’m not struggling, but I’m not where I want to be,” Albano said.  

When Albano, a full-time content creator, posts her school supply hauls on social media, a deluge of messages come in from moms desperately asking Albano to donate items to their kids.

Many families cite living under that financial stress, said Ailen Arreaza, the executive director of ParentsTogether, a national nonprofit that works to engage parents politically. In the organization’s surveys, about 70 percent of parents cite experiencing financial strain, with little relief in sight.

It’s all further complicated by the loss of government benefits over the past year. More than 4 million Americans, including 1.5 million children, have lost their benefits through SNAP, the food assistance program that helps low-income people buy groceries. That makes family budgets even tighter going into the new school year.

“It feels like we are a little bit at a breaking point,” Arreaza said. “The concern and the situation just feels untenable right now.”

To get by, parents are searching their local back-to-school fairs for supplies, or seeking out backpack giveaways and school supply distributions. Some families are working more over the summer to cover increased costs. 

By the time November’s midterm elections roll around, some of this pressure is likely to be on parents’ minds in an election that will no doubt center affordability. Both parties face uncertainty heading into the midterms.

Right now, Arreaza said, “parents are so busy and focused on their day-to-day and November feels far away and the election can feel far away for parents, but the reality of what is happening everyday feels very real for families.” 

Even if folks aren’t thinking about the election, she said, “they’re thinking about the system that is making it harder for them and they’re noticing the differences.”

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Even MAGA loves socialism now

16 August 2026 at 15:00

As you may have noticed, many members of the American media and political classes are currently rending their garments in terror and despair at the perceived threat of “socialism.” It’s not at all clear what that word means in 2026, in this context or any other. 

It only helps a little to observe that whatever “socialism” is supposed to refer to these days, it doesn’t have much to do with an economic or political system where the state or the working class control the means of production. I’m sure we could find people out there who advocate that. Hell, I might be among them, if it were a remotely realistic possibility. But none of those people are prominent in the current (and long overdue!) internal power struggle within the Democratic Party and the American left writ large.

Come to think of it, you know who really wants state control of the economy, if only in an incoherent, ass-backward, “Mixed-up Files of Mrs. Basil E. Frankweiler” kind of way? Donald Trump, that’s who. For all his extended excoriations of Democrats as woke America-hating Marxist radical traitors, Trump has meddled more extensively and more directly in the economy than any Democratic president since Franklin D. Roosevelt. 

It’s clearly going too far to call Trump a socialist, largely because profoundly corrupt autocratic or oligarchic regimes like his cannot easily be captured in ideological categories. He’s definitely not a democratic socialist (or a constitutional democrat of any other variety). But there’s no way around the fact that his fantastical DIY presidency has consigned conventional right-wing ideology about the sacredness of free-market capitalism to the proverbial dustbin. Let’s put it this way: Romanian dictator Nicolae Ceaușescu called himself a socialist; legendary Argentinian president Juan Perón did not. Trump belongs on the same historical shelf as those guys, if only as a wannabe.

Almost everything about Trump’s management of the economy during his second term, and pretty much everything else, has been disastrous. But even if we assume that the epic personal and institutional graft of his presidency will not survive his departure, he has created a haphazard regime that’s so deeply enmeshed in fossil fuels, Big Tech and AI, rare earths, pharmaceuticals, shipbuilding, semiconductors and the weapons industries that no one will be able to disentangle it anytime soon. 

It’s going too far to call Trump a socialist. But his fantastical DIY presidency has consigned conventional right-wing ideology about the sacredness of free-market capitalism to the proverbial dustbin.

As Indiana University scholar Sarah Bauerle Danzman told Foreign Policy in 2025, it’s “jarring” to encounter “a Republican administration embracing state capitalism in a way we haven’t seen in a long time, while all the time decrying ‘socialism.’” According to more recent reporting in Forbes, the federal government now holds equity stakes in roughly 30 different companies across a range of industries. “What started with a ‘golden share‘ in U.S. Steel,” writes Keith Johnson of Foreign Policy, “has morphed into a government takeover of vast swathes of the economy,” best exemplified by capricious tariff policies that seem motivated by the president’s personal whims and grievances. As libertarian economist Tad DeHaven tells Johnson, since all this “is driven by one man’s personal desires, there is no plan and no strategy. It changes by the day.”

Fanatical Republicans from deep-red districts can keep staging government shutdowns and preaching the defeated gospels of Milton Friedman as much as they like. But it’s difficult to imagine any future GOP putting the genie all the way back in the bottle and entirely undoing this unexpected turn to oligarcho-socialism or state capitalism or, ahem, national socialism or whatever else it might be called. The Econ 101 term would be “dirigisme,” which was coined to describe the highly interventionist, quasi-socialist economy that rebuilt France after World War II and has more recently been applied to China, Singapore, South Korea and so on.

This raises the amusing possibility that the mainstream Democratic Party — always ready to turn itself into the punchline of historical irony — will once again end up holding the bag for a set of policies supported by their donor class and literally no one else. More than 70% of registered Democrats, according to a Fox News poll taken in March, say that capitalism is “not working very well or not working at all.” So naturally the party leadership seems prepared to go to the barricades to defend it.

 

To be entirely fair, in some cases the centrist moral panic over “socialism” seems to refer to rational or at least straightforward electoral concerns. Fairly or otherwise, mainstream Democrats convinced a tiny plurality of Wisconsin voters that gubernatorial candidate Francesca Hong was too much of a humorless leftist to survive exposure to the mythical but coveted “median voter” in November. They may well have been correct; we don’t get to re-run the experiment and find out.

But in other instances, such as Zohran Mamdani’s historic victory in New York in 2025 and a series of Democratic primary wins by progressive or socialist-aligned candidates in that city and across the country, the hysteria has more to do with generational and attitudinal change — yeah, I’m sorry, with a vibe shift — than with specific policy proposals or ideological labels. 


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On one level, it seems incredible that deep-dyed Democratic insiders like James Carville or former DNC chair Jaime Harrison are surprised that their party, which collectively decided to “resist” the second coming of Trump by doing absolutely nothing and steadfastly ignored the scale of Israel’s war crimes in Gaza for as long as possible, is seen as hopelessly weak by its own voters. Carville recently called for a “schism” (a delightfully old-fashioned word) within the Democratic Party, and Harrison has urged the so-called socialists to leave the Demo-normies alone and “focus on building the party you actually support.” That old saw about being careful what you wish for comes to mind.

Guys like James Carville and Jaime Harrison were raised on ancient fables of the ideological excesses of the 1960s and ‘70s, and no doubt still get misty-eyed over Bill Clinton and the “New Democrats” of 1992.

On the other hand, there’s nothing especially mysterious about those attitudes. Those guys and others like them were raised on ancient fables of the ideological excesses of the 1960s and ‘70s, and no doubt still get a bit misty-eyed over Bill Clinton and the “New Democrats” of 1992. Don’t stop thinking about tomorrow!

Their version of the Democratic Party eagerly devoured the devil’s candy, in the form of unbreakable partnerships with Madison Avenue, Wall Street and Silicon Valley and closed-door, $10,000 fundraising dinners in East Hampton and the Napa Valley. There’s no escape from that kind of political bargain on this side of the apocalypse. 

They have always viewed left-wing opposition as childish and contemptible, but not far below the surface they have dreaded the day it rises up to bite them in the ass and destroy their glorious temples of political triangulation. That day has now come, and they are in danger of becoming the last advocates of a faith that both the right and left have abandoned. They can only hope that Donald Trump’s corruption and incompetence will save them from their own. 

 

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Trump’s “forever” tariffs are kicking in for the long haul – and US consumers are footing the bill

16 August 2026 at 12:00

President Donald Trump’s tariff announcements no longer cause the market gyrations that they did in 2025. But their sticker shock for American consumers is becoming increasingly clear – just as economic sentiment is souring ahead of the November 2026 midterm elections.

Many business groups had hoped that the tariff wars would end in February, when the Supreme Court overturned Trump’s emergency tariffs. They got a rude awakening five months later, however, when Trump announced a raft of new import taxes to replace the levies that were struck down.

Covering nearly all U.S. imports, the advantage of these tariffs in the Trump administration’s view is that they’re more firmly based on existing U.S. trade law, beyond the reach of the Supreme Court’s review. And Trump has said he envisions enacting many more of these so-called trade law tariffs.

As a trade economist who has been following the tariff wars, I believe that the longer these import taxes are in place, the more the consumers will bear their burden. The 2025 “Liberation Day” tariffs that the Supreme Court struck down, as well as other levies Trump announced after the February ruling, turned out to be temporary. But the bulk of the new levies are designed to be permanent.

That means that for consumers, the total cost burden is likely to increase even if the tariff rates don’t change – because the new tariffs will be stacked on older ones.

The cost squeeze

On one level, Trump’s tariff fixation is a mystery. Tariffs continue to be unpopular, and it’s unclear why Trump would double down on them before midterm elections when his approval ratings, including on the economy, are so low.

But on another level, Trump’s embrace of tariffs can be understood as an instrument of personal power. He has long viewed them as tools for negotiating leverage, and he recently declared that U.S. tariffs “aren’t high enough.” The president also has deflected criticism of their impact on consumer prices by claiming erroneously that foreigners pay for them.


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The simple fact is that U.S. tariff invoices issued by the Treasury Department are sent to the U.S. businesses that import the foreign products. These companies may try to absorb some of the cost to protect their market share and work through existing inventory. But eventually, the squeeze will compel them to pass most of that extra tax onto U.S. consumers – no matter which foreign countries are targeted.

And now that tariffs have had time to work through the economy, researchers have found an impact on prices. The Dallas Federal Reserve recently estimated that the Fed’s preferred inflation measure would have risen without tariffs at an annual rate of 2.3% in March, instead of its actual 3.2%. Meanwhile, an analysis by the Yale Budget Lab concluded that consumers are paying anywhere from half to the entire cost of the levies through higher prices, depending on the goods.

Tariffs upon tariffs

Trump based his July tariff announcements on three different legal justifications: a country’s unfair trade practices, like forced labor, which is known as Section 301; national security protection, or Section 232; and discrimination against U.S. imports, or Section 338. The last is a trade war tariff dating to the Smoot-Hawley Tariff Act of 1930.

The new Section 301 tariff rates, which are global, currently range from 10% to 12.5%, but they could go up at the president’s discretion.

Section 301 has also opened the door to new country-specific tariffs targeted at Brazil, at 25%, while Section 338 was cited to slap an extra 50% import tax on certain Canadian goods. In addition, Trump has imposed levies ranging from 25% to 50% for specific products, covering steel, aluminum, automobiles, copper, timber, lumber and pharmaceuticals.

Yet more new tariffs are planned for wind turbines, personal protective and medical equipment, robotics, machinery and coal, as well as to combat foreign excess production capacity and support U.S. production of foreign generic prescription drugs.

With so many tariffs in the mix, consumers will be even more squeezed because many of these taxes will be stacked on top of one another. For example, Section 301 tariffs will be applied on top of the older legacy tariffs that date back to World Trade Organization rules setting a baseline Most Favored Nation rate, as well as on top of each other.

So if a country ends up facing tariffs based on forced labor violations as well as excess capacity, each at 10%, on top of a uniform Most Favored Nation rate of 3%, the total rate on all products from that supplying country would be 23%. And this levy will be paid by U.S. consumers, not foreigners.

Pushback from the states

Trump is especially interested in Section 301, which is meant to remedy foreign trade practices that are discriminatory, unfair or unreasonable, and that burden U.S. commerce. It sets no limit on tariff rates and lets the president discriminate among exporting countries. Furthermore, federal courts have typically given the president broad discretion in implementing the statute.

Trump chose to use this measure to punish virtually all U.S. trading partners on grounds that they failed to prevent imports into their markets that were made with forced labor. His administration based the decision on its own investigation that determined the U.S. is the only country that prevents forced labor imports.

These tariffs were set at 12.5% for countries without any formal prohibition on forced labor imports, and 10% for all other countries with such a prohibition. These tariffs are similar in scope and impact to the earlier Liberation Day tariffs.

Twenty-five U.S. states then challenged these levies at the U.S. Court of International Trade, using similar reasoning as the Supreme Court when it struck down the emergency tariffs on grounds that they were an unconstitutional tax on U.S. consumers. Citing the affordability burden, the lawsuit claims that the Section 301 tariffs do the same thing. Nor did the administration offer any indication of how the tariffs were calculated and when, if ever, they would be removed.

The lawsuit further alleges that the new tariffs go far beyond the original purpose of Section 301, which is to open specific markets to U.S. exports through negotiated policy reforms, not to impose global tariffs with no clear goal in sight.

Whether this legal challenge will succeed depends in part on whether judges will continue to defer to the president on these particular levies, no matter how much they deviate from previous practice. And I believe Trump is counting on it.

Kent Jones, Professor Emeritus of Economics, Babson College

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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The government now spends more on interest than on the military

14 August 2026 at 14:15
30-year bonds — The US Treasury Building in Washington, DC. Photo by Tony Webster / CC BY-SA 3.0, via Wikimedia Commons

The US Treasury sold $25 billion of 30-year bonds at a 5.22 percent yield, the most it has paid to borrow that far out since 2001, reports the Financial Times.

That's up from 5.06 percent at July's sale, and 4.91 percent just before Trump's second term began. — Read the rest

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MAGA’s burrito brawl shows cracks in Trump’s economy

13 August 2026 at 12:45

Amid weeks of compounding foreign policy failures and an economy that lost a revised 103,000 jobs across May and June, conservatives are grappling online with a brutal realization that the Republican Party as a whole is desperate to ignore: What do you tell working-class voters who are drowning under the weight of unrelenting inflation and sluggish job growth, when your entire economic platform is built on a foundation of gaslighting? 

The GOP has spent the better part of the last decade telling Americans it is the party of economic populism. Donald Trump was supposed to be the politician who understood the frustration of people who felt left behind by globalization and stagnant wages. But 18 months into the president’s second term, Republicans have arrived at a remarkable place: running the Biden administrations’ failed playbook on inflation. Now conservatives are fighting with one another over whether a $20 burrito is actually too expensive. 

The current food discourse is not about the price of avocado toast or organic eggs, but it is a similarly mundane symbol of a much larger problem confronting Trump and the Republican Party heading into the November midterms. It started, as these things do now, with a tweet. 

Last week, Daily Wire host Matt Walsh complained that grocery prices were “insane” and still rising. Then Turning Point USA spokesman Andrew Kolvet relayed a comment from one of the organization’s college students: “A burrito shouldn’t cost $20.” Kolvet added his own gloss — that it’s “a hangover from Covid and Biden-era inflation” — but he noted that “the lived experience is the same: It just feels like basic things cost too much.” 

Inflationary pressures on grocery prices and supply chains have caused the cost of a standard beef burrito to climb 50% since 2020. For workers at the 50th percentile — the middle class, in other words — wages have not kept pace with fast-food prices, according to the Bureau of Labor Statistics price index for limited-service meals and snacks. Rather than reading the room, conservative politicians and pundits immediately rushed to echo the White House line that affordability concerns are a Democratic hoax, and then pivoted to calling young people lazy and irresponsible. This is a remix of the lecture supposedly spoiled millennials, who refused to sacrifice every small pleasure on the altar of homeownership, heard for years about $7 lattes. 

In response to what he called the “burrito debate,” Rep. Dan Crenshaw, R-Texas, told people to “get a job” and “eat Ramen.” Ben Shapiro responded as if the student had demanded that the federal government provide what he curiously described as gourmet burritos. Washington Post columnist Marc Thiessen reminisced about working two jobs, living with roommates and eating ramen after college. When he reminded college students that burritos are covered by their meal plans, he got fat shamed by Vice President JD Vance. Fox Business blamed the commotion on young people and their supposed addiction to “little treats.”

What these responses revealed is that a large segment of right-wing media would rather lecture struggling families — cook at home, get a roommate, eat ramen, skip Starbucks — and condemn their lifestyles than acknowledge the obvious reality about out of control prices.

What these responses revealed is that a large segment of right-wing media would rather lecture struggling families — cook at home, get a roommate, eat ramen, skip Starbucks — and condemn their lifestyles than acknowledge the obvious reality about out of control prices. Babylon Bee editor Joel Berry generated a pile on after he suggested in a viral post that he could feed a family of eight for under $20, only to admit he was entirely skimping on meat and loading up on beans. 

Trump has called affordability concerns a Democratic “con job” and “hoax,” and a meaningful chunk of MAGA media’s older guard will not, under any circumstances, hear a complaint about the cost of living. But by engaging in the burrito debate, many of them unintentionally exposed the fact that despite their comments on the youth, they have not actually spoken to a young person in years. The pushback they experienced from Trump’s younger supporters was swift — and remarkable.

Far-right activist and conspiracy theorist Jack Posobiec questioned how Trump could claim this is a “Golden Age” with the disappearance of McDonald’s Dollar Menu. “Let’s be frank about it,” Fox News host Tomi Lahren wrote on X, “some Americans are turning to socialism because Republicans have failed us so dismally that even the most destructive economic model imaginable feels palatable to people who are struggling to make ends meet and buy groceries.” 

Even as Trump’s own base was arguing about burritos, Treasury Secretary Scott Bessent went on CNBC and announced he was “sick” of hearing about the so-called K-shaped economy, the idea that gains are flowing overwhelmingly to the wealthy while everyone else stagnates or falls behind, and declared it flatly over. In its place, Bessent said, America now has a “C economy,” in which lower wage earners are, in his telling, finally clawing their way back. 


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The secretary cited a 2% wage gain for the bottom quarter of earners as proof. But the Atlanta Fed’s own wage tracker showed the bottom quarter of earners had the lowest median wage growth of any income group, a pattern that has held every month since October 2024. Bessent, in other words, picked the one statistic that told a happy story and built a press appearance around it, while the broader data he was being asked about pointed the other way. 

But if Chipotle has genuinely become a luxury good in just a couple of years, the administration’s economic policy is a complete and utter failure. A reliable indicator of economic health is real disposable income, which tracks how much extra money people actually have after essentials are paid for. Since February 2025, the month after Trump returned to office, it has remained completely flat. Every other time in modern history that real disposable income has flattened out for that long, the nation has been stuck in a recession

Pocketbook issues have always been the single strongest motivator for the electorate. During a 1980 debate against the incumbent Jimmy Carter, Ronald Reagan famously asked voters if they were better off now than they were four years ago. Trump can obfuscate, lie or blame the media for only so long before even his most ardent supporters look at the empty space in their wallets after a trip to the grocery store and realize the truth. While they aren’t suddenly going to vote for Democrats, many of his MAGA followers will simply sit on their hands and stay home in November after concluding they are definitively worse off.

The split in MAGAland is not really over burritos. It is over whether MAGA can admit that the economic anger which carried Trump back to power was real, whether it persists under his administration and whether working people deserve anything better than a lecture on personal responsibility. The conservative scolds are not offering a solution because they do not believe there is a social problem to solve. In their worldview, a family’s shrinking purchasing power is primarily evidence of bad character. 

The structural depression is looming large, and as the administration prepares to slash welfare programs further, the online rhetoric from the right will inevitably paint anyone hurt by safety net cuts as a lazy loser. Already, an estimated four million people have lost critical food assistance through SNAP benefits. In any normal political climate, mocking average Americans for being anxious about the economy by calling them lazy or entitled would be immediate political suicide. Imagine Republicans trying that stunt in August 2006 when they were already facing a brewing blue wave in November. But in today’s hyperpartisan and media-fragmented ecosystem, millions of voters are expected to fall in line and vote for the ruling party — regardless of how badly they are squeezed at the checkout counter.

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The entire U.S. economy is basically a giant betting app

12 August 2026 at 12:30

As the western United States is gripped by record-shattering wildfires, some unscrupulous people aren’t just contemplating what it will be like for future generations living in our new normal of erratic weather patterns, or wondering whether climate change is making this situation worse. They’re thinking about how much money they can make. 

Prediction market apps like Kalshi and Polymarket allow people to bet on pretty much anything, whether it’s some boring sports thing, election results or perhaps even war crimes. You can even bet on the outcome of clinical drug trials and whether cancer drugs will be approved by the Food and Drug Administration, which experts criticize as undermining the integrity of medication research. The father of a seventh-grader living with cancer recently raised the issue of “whether researchers in a trial could be motivated by prediction market profits,” something so heinous it is difficult to contemplate.

While the makers of these apps insist they are “future exchanges,” not digital gambling parlors, regulators in places like Singapore, France, Belgium and elsewhere aren’t convinced and have banned the platforms altogether. There are several mechanisms inherent to prediction market apps that make them a little different than putting it all on red. They involve binary contracts that resolve based on whether certain events happen or not, using some complex math to factor in a probability of an outcome. Critics are increasingly looking into the consequences of making almost everything wagerable.

Mainstream economists may want you to believe all this is driven by Darwinian forces that follow some natural law, simplified as “the cost of doing business,” or even by Adam Smith’s invisible hand. But that’s pretty unscientific.

On Aug. 3, Democratic senators from six states sent a letter to the chair of the Commodity Futures Trading Commission, the independent government arm that regulates Polymarket and Kalshi, warning that the apps are allowing bets to be placed on wildfires, which could incentivize arson. They highlight previous examples of bets placed on the January 2025 Palisades and Eaton fires, which razed large areas of Los Angeles County, killing 31 people and destroying more than 16,000 structures. 

“Offering bets on destructive wildfires threatens to minimize communities’ suffering all so the rich and powerful can profit,” the letter’s authors, who include Sens. Adam Schiff, D-Calif., and Amy Klobuchar, D-Minn., wrote. “There’s also the heightened risk — according to state and local fire officials — that individuals could be tempted to commit arson in order to make sure their bets are successful.”


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For example, someone might bet on how big a fire might get or how many buildings it might destroy. I wanted to know what unexpected stuff I could find on the apps, so I downloaded Polymarket and Kalshi, seemingly the two most popular platforms or at least the ones I’m tired of seeing ads of the most. Both were littered with sports events, which I scrolled past, but also had sections for elections, politics, tech and a lot more. Polymarket seemed to have fewer and more bland options for betting, with the most shocking queries I could find being things like who will get kicked out of Trump admin next or if Israeli Prime Minister Benjamin Netanyahu will be arrested by year’s end.

After giving over way too much private data to Kalshi, I was able to browse entire categories dedicated to natural disasters and climate change, such as if 2026 will be the hottest year ever or if the U.S. will ever meet its climate goals. I also found weird things like how many Atlantic hurricanes this year or if California will be hit by a magnitude 8 earthquake, which goes without saying but would be extremely bad. For context, the recent Colombia and Venezuela earthquakes were both magnitude 7.4 and 7.5 respectively. All of these things are likely to kill countless people if they happen, but climate change is already widely treated like an abstract future problem, rather than our disastrous present, so maybe this shouldn’t be surprising.

Both apps allowed wagers on the number of “explosive diarrhea” cyclosporiasis and measles cases this year, with both outbreaks shattering records. I could not find anything related to fires, presumably such content being recently removed, as there have been plenty of cited examples of bets on fires in the past, such as how many acres or locations the Palisades fires would reach.

So many of the scenarios on these apps present classic examples of a perverse incentive, in which the structure of a system encourages undesirable results. The classic example is of dubious historical accuracy, but originates from the British occupation of India. Weary of venomous snake bites, British authorities put a bounty on dead cobras — but this only incentivized locals to breed more of the snakes, in order to collect even more reward money. If you allow people to earn cash from dead snakes, you risk getting a lot more living snakes in the process.

Are we already seeing this with wildfires? It’s hard to say, but it’s true that arson is, strangely, a common catalyst for wildfires. One man was arrested outside of Spokane a few days ago, admitting to starting the Old Trails Fire, which burned entire neighborhoods to a crisp. Police say that Aaron Farinacci admitted to having set two dozen other blazes since 2025.

The conditions that make these blazes so out-of-control are thanks to climate change, which is causing hotter and drier conditions. According to a 2021 study supported by the National Oceanic and Atmospheric Administration, the increase in fire weather in the western U.S. is primarily due to climate change. (Still, trying to explain that level of nuance to a climate denier is like teaching rocks to play Risk.)

What these apps do best is lay bare the ways in which our entire economy is structured like a betting app strung together by incentive perverts. It’s why the market rewards the most amoral and destructive behavior, from hedge funds that short the market and destroy company value to vulture capitalists who gut businesses like Toys “R” Us or Radio Shack, and then escape on their golden corporate parachutes. Even when such behavior results in a recession, the government is likely to bail big corporations out, while any form of assistance for the working class is branded as “socialism.” In fact, the entire stock market could be best described as a casino that incentivizes absurd growth like the historic tech bubble provoked by the spread of artificial intelligence.

Mainstream economists may want you to believe all this is driven by Darwinian forces that follow some natural law, simplified as “the cost of doing business,” or even by Adam Smith’s invisible hand. But that’s pretty unscientific.

Money itself is just a construct, one with rules dreamt up by humans. We don’t have to live in a world where people profit from tragedy, be it wildfires or a child with cancer, housing foreclosures or weapons manufacturing. I’m willing to bet we can actually achieve such a utopian outcome, even if it takes another century. The alternative is to continue draining everything of value as it goes up in smoke. 

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DoorDash sprints towards replacing its drivers with robots

12 August 2026 at 01:07
DoorDash replacing drivers with robots — Iv-olga/Shutterstock

Reading this story made me so damn tired: as part of their effort to replace human employees with delivery robots, DoorDash has come up with a cunning plan: they're gonna use the human employees they want to replace to load delivery robots

Some workers in areas where DoorDash is using its Dot delivery robot are receiving offers through the DoorDash app to load them up.

Read the rest

The post DoorDash sprints towards replacing its drivers with robots appeared first on Boing Boing.

A new housing politics is taking shape on the left

10 August 2026 at 13:15
A smiling woman in a black dress and floral jacket gestures with both hands in front of a bright yellow-and-blue “Nithya for Mayor” campaign sign.
Nithya Raman at a campaign event in May 2026. | Myung J. Chun/Los Angeles Times via Getty Images

Los Angeles offers one of the most vivid examples of our nation’s broken housing system: a quintessentially American expanse of traffic-clogged roads and single-family homes, coupled with the highest home-price-to-household-income ratio of any major city in the country.

To moderate prices, LA urgently needs to build more homes by allowing more density in its neighborhoods — but much of the city’s leadership has vigorously opposed it. Nowhere has that been more evident than in the fight over SB 79, a landmark California law that overrides local zoning to permit taller, denser housing near major transit stops. LA’s city council and its incumbent mayor, Karen Bass, have opposed it and sought ways to avoid complying with it. 

Now, as Bass seeks reelection, mayoral candidate Nithya Raman — one of the city’s, and perhaps the country’s, strongest advocates for building more housing — wants to oust her.

Raman has gained unusual traction in a city long resistant to growth and has become a nationally prominent YIMBY. How to accommodate LA’s need for more housing, Raman told Vox in a recent interview, is “a question that the city has actually turned away from.” She believes she can do better.  

Earlier this summer, Raman advanced in LA’s mayoral primary, setting up a November runoff against Bass. The race has resonated far beyond Los Angeles, because Raman is making one of the defining problems in American life — the punishing non-affordability of our most productive cities — the centerpiece of her campaign. Its outcome could shape the future of housing in America’s most populous state and help determine whether LA can become the engine of California’s pro-housing turn, or its most potent obstacle. If she succeeds, she might cut a path forward for better housing policy in high-cost blue cities elsewhere.

Just as core to Raman’s appeal is a commitment that’s often seen as at odds with housing abundance. She is a member of the Democratic Socialists of America (DSA) and a forceful champion of tenant protections, including rent control. (Her relationship with the DSA is complicated, however.) She helped shape a stricter rent stabilization formula that was adopted in LA late last year, though it was strongly opposed by rental property owners. 

Many housing policy experts, as I recently wrote, believe rent control can worsen the housing affordability crisis it aims to solve, because it tends to reduce the supply of rental housing. But in high-cost cities and states, interest in it has been surging nonetheless. A rising cohort of progressive politicians, including Raman and Zohran Mamdani in New York City, believes cities must protect current renters from price shocks and displacement while adding housing supply. In doing so, they hope to mount the kind of political support that has long eluded YIMBYs.   

I spoke with Raman about how she thinks about these competing interests, and how she intends to combine them to make a meaningful dent where her predecessors have failed. I was struck by how cautiously she discussed one of the city’s most politically explosive housing policy questions — densifying single-family neighborhoods. Though she has previously pushed for legislation allowing midsize apartment buildings in some wealthier single-family neighborhoods, she emphasized gentler, more gradual change in our conversation. It reflected the core paradox facing housing reformers in LA and nationwide: the need for sweeping change, and the political pressure to make it feel gradual.

Our conversation, condensed and edited for clarity, is below.

You’ve gotten an enormous amount of traction on housing issues in LA. If you win the election, then what? 

When I’m asking for-profit developers and affordable housing developers alike, “What is your biggest barrier to building in LA?” they say that the city of LA is their biggest barrier to building in LA. Whether it is extraordinarily long permit approval timelines, whether it is the failure of the Department of Water and Power [DWP] to be a good partner and to provide real predictability in the building process, both in timelines and in costs. The city of Los Angeles stands in the way of new housing. 

As mayor, I want to do everything in my power to change that. I want to set deadlines by which departments have to respond to applications. I want to bring DWP to the table early and to ensure that they’re a predictable partner for new development. I want to make sure that departments that need to talk to each other are talking to each other quickly and early on in the process, as opposed to providing conflicting answers and taking months and even years to respond. These are all within the power of the mayor to influence and things that this mayor has ignored.

Sometimes rent control and renters’ rights on one hand and new housing production on the other are treated as rival agendas, yet you have made them both central to your politics. What connects them for you?

I don’t think that you can have lower rental costs in a city like Los Angeles without having more housing being built. This is a city that has resisted the construction of new housing for decades, explicitly restricted new apartments from being built in many, many parts of the city for a very long time. We have among the fewest homes per adult of any major city in America and the highest rent-burdened population of any city in America, and to me those two facts are very deeply connected. We can’t really lower rents unless we have more housing here, and lower rents are a big part of how you protect renters.

LA has a rent control system, and you were a champion of a change that tightened that system last year. Do you worry at all that tighter rent control could do damage to housing supply through some of the well-documented mechanisms, like causing landlords to convert apartments to condos? Is that in tension with the goal of increasing housing supply?

Housing built after 1978 cannot be subject to rent stabilization [in LA]. So, making sure that renters in older buildings are protected and trying to incentivize new housing from being constructed to me are not in conflict with one another.

You talked about landlords potentially exiting the market. We’ve also heard concerns from apartment associations and from neighborhoods that there’s been increasing corporatization of housing, that smaller landlords are selling to larger corporate landlords, that being a mom-and-pop landlord is becoming increasingly unfeasible. What we’d love to see is more data on that. And, if that is actually happening, if we are driving landlords out of the market through these changes, if smaller landlords are selling to large corporate landlords, I want to know, and we should be looking at the impacts of this policy accordingly.

I’m very open to learning more. But, so far, what I see is that we have an extremely unaffordable city where all the data has shown us that rents have risen higher than incomes for a very long time. The regulations that we put in place are really trying to ensure that struggling renters are still able to stay in LA.

Is there one specific, concrete housing policy mistake made by Mayor Bass that you would point to? How would you have handled it differently?

There has been an overall lack of urgency in addressing housing supply in [Bass’s] administration, exemplified by the fact that we have not had a deputy mayor of housing for years.

The city has actually opposed and written letters to state officials pushing back against new mandates to build more housing. Instead of telling Sacramento, “How do you want to build that housing?” and trying to shape state laws to suit us — the largest housing market in the entire state — those laws should be written with our input, not written with our opposition. 

I think the most stark example [of Bass’s failures on housing] is this: We’ve had 100 percent affordable housing projects like Venice Dell that are fully funded, that the city has sued and opposed and stalled for years.

“I think there is a growing consensus that supply is part of the problem and is driving the cost of housing.”

To what degree do you think that LA voters see the housing affordability crisis as a problem caused by a lack of supply — a housing shortage? 

I think there is a growing consensus that supply is part of the problem and is driving the cost of housing. It’s not universally necessarily agreed upon, but I think if you were to ask people, “Is there a housing shortage? Is there a shortage of housing you can afford?” everybody would say yes.

Why should renters trust private developers?

I think that renters should trust the city to regulate private development such that we actually are building what we need here in LA and such that new building is actually enhancing what people love about their neighborhoods. I don’t think it’s the job of renters to trust developers. They need to trust that their city is going to make sure that we’re working hard to build neighborhoods that are beautiful, and welcoming, and beneficial, and can help families thrive. 

That’s part of why I talk about production and protection always in the same breath. If you see that new construction is going to displace you, I think you’re less inclined to support it or to accept it. But if you feel secure in your current housing, and you know that you’ll be able to stay there, then new housing is less of a threat and can actually be a boon for a neighborhood.

That relates to an argument I’ve heard a lot: that tenants who feel protected from displacement by rent control and eviction protections will be less afraid of new development and more willing to support it. Have you seen evidence of that happening in LA?

There is a very broad coalition of people who are fighting for more housing now, a much broader coalition than I’ve seen in many other places. And it includes renters’ rights organizations that have historically been some of the strongest advocates for tenant protections. They’re actually in council chambers testifying around the need for more density across the entire city, particularly around transit hubs. 

Do you see rent control as a temporary bandaid on a broken housing market, or is it something that should have a permanent place in housing policy?

I think protections against rent gouging are really important, and I think regulation in the housing market is really important. As a city, we have to be very careful about how we regulate these markets so that we are eliciting the best results and outcomes for our residents. I’m going to follow the research, and I’ll always engage with these issues closely. 

The Democratic Socialists of America, of which you are a part, has talked about wanting to “de-commodify” housing and take it out of the private market. The DSA’s Housing Justice Commission says, “the housing market is not necessary.” Do you think that’s a good idea? 

My approach to these issues is driven by how I can help Angelenos who are dealing with spiraling costs that’s driving working families out of the city. The city saw, I believe, a 16 percent drop in people under 18 over the past few years, because families cannot afford to live here anymore. That is a travesty for the city of Los Angeles. 

My question as I approach this is about what I can do to ensure that we can keep people here. We can build new housing through publicly funded housing. I want to be able to make sure that people who will never be served by the private real estate market have support from the city to rely on that can help them stay, whether that’s in the form of housing vouchers, whether that’s in the form of social housing, whether that’s in the form of permanent supportive housing or new public housing.

I’m supportive of measures that are bringing public dollars to the table to build. However, the money that we have available to us will never be able to satisfy the extraordinary demand that there is for new housing in Los Angeles. So now, we have to rely on the private real estate market to make housing available and affordable to a much larger number of Angelenos. 

Rent control primarily protects tenants who already occupy apartments that are covered by rent control. But building more housing is partly about people who don’t yet have a foothold in LA and who would move there if they could afford it. Is it possible to build a housing politics that gives those future residents real weight, even though they don’t vote in city elections?

I think that’s the question of this election in many ways. That’s been the question of my politics. But it’s not just about the future; it is also about our present. It’s also about parents whose children can’t live near them anymore, because it’s too unaffordable here. It’s about rising homelessness, which is inextricably connected to the cost of housing. All the impacts of not having housing are already felt by Angelenos. 

So much of LA is single-family homes, and there’s been research finding that the city’s housing shortage can’t be filled without densifying single-family neighborhoods. Is that politically possible?

Some of the largest numbers of new units being built are actually ADUs, which are densifying single-family neighborhoods. And duplexes and triplexes and other kinds of interventions are in many places already legal to build. That’s been happening and, largely, been non-controversial in neighborhoods. 

Around certain transit hubs, I think potentially greater density will be allowed in single-family neighborhoods through SB 79. So I think some single-family neighborhoods will have to change. But what I’m seeing in LA is a gradual process of adding more density that I think, in many ways, can be even beneficial for homeowners, because they’re able to make additional income or accommodate more people on their lots.

Donald Trump has a gas problem

8 August 2026 at 13:00
A sign for the gas station Wawa standing near a road displays the price per gallon for regular gasoline and diesel.
Gas prices in Chadds Ford, Pennsylvania, on May 21, 2026. | Matthew Hatcher/Bloomberg via Getty Images

With the 2026 midterm elections quickly approaching, President Donald Trump’s war with Iran is ongoing and gas prices remain high. 

Americans are taking note: On this week’s episode of America, Actually, host Astead Herndon visits Allentown, Pennsylvania in the state’s bellwether Seventh District, to hear how persistently high gas prices — almost $4.20 per gallon in Pennsylvania — are showing up in residents’ lives. Many said the economy and prices were at the top of their list of issues, and laid the blame at Trump’s feet.

Still, gas is just one expense of many, for voters who are likely also feeling the pinch with the cost of groceries, housing, electricity, and more. So how much power do gas prices really have to shape the outcome of an election — and, potentially, a presidency? And after decades of renewable energy growth, technological disruption, and new existential worries, why are gas prices still so core to the American political conversation?

To learn more, Herndon spoke with Julian Zelizer, a professor of history and public affairs at Princeton University. They discussed the history of gas prices as a salient political issue, why Americans feel high prices so acutely, even compared to other commodities, and whether voters are ever willing to overlook gas prices when they go to the polls.

Below is an excerpt of the conversation, edited for length and clarity. There’s much more in the full show, so listen to America, Actually wherever you get your podcasts or watch it on Vox’s YouTube channel.

When did the price of gas become such a political weapon in America? Does this date all the way back to the Model T?

It really dates to the 1970s. That’s when the United States will have two energy crises, in 1973 and 1979, and the price of gas becomes a huge political issue for Americans. It affects presidents, it affects Congress, and it becomes a manifestation in that decade of the problems facing the country.

I think that’s when we start to realize we don’t have unlimited resources and it’s gonna be a political problem.

Can you go in more detail about that? What happened in the ’70s to make it so clear to Americans that this party might not last forever?

Production of oil here peaks in the late 1960s, early 1970s, and then in 1973, OPEC, which is the cartel of oil-producing countries in the Middle East, imposes an embargo on the US because the United States had supported Israel during the Yom Kippur War. And as a result of the embargo, prices go up and supplies go down, and that’s when Americans start to face gas lines.

Then, in 1979, we have another round of this after the Iranian Revolution, and that leads to even bigger gas lines and more stringent rations and government mandates in ’79, and many people think it really helped bring down Jimmy Carter’s presidency.

Carter in 1979 is really reeling from what Americans experience. And it’s not simply gas prices, it’s waiting in line for gas. It’s hearing that you could only buy gas on certain days. It’s reading stories about people stealing gas and violent clashes occurring over getting this commodity. 

There’s a lot of things that go into the mix with Carter — the hostages in Iran — but certainly his difficulty dealing with this fundamental is a big part of what happens in 1980 when Reagan wins the presidency.

Of course, presidents have little control over the global price of oil, yet they are blamed for it seemingly every time. How have politicians and particularly presidents dealt with that reality, considering the price at the pump is so important to their political futures while not always in their control?

In the ’70s they tried with legislation. Carter pushes legislation that deals with energy, but it’s limited in its success. Americans want a lot of oil and it was hard to get them to conserve.

He put solar panels on the White House. There’s really not much that presidents can do. We have the strategic reserves. And other than that, I think presidents just wait it out and hope the timing works in their favor and the gas prices go down again.

Is there an example of a president who beat the gas prices trap? Do we have any example of someone successfully convincing the country, “Hey, look away from the price of the pump”?

I think we have presidents who say, “Just look away for a little while,” and when reelection comes around again, they’re doing better. Even President George W. Bush struggled with some of this after 9/11 and after the war started. But in the end, he doesn’t make an announcement about it so much as focus on other issues such as national security.

And now we see how prices fluctuate, so you just wait for those moments.

Why is it always gasoline rather than other commodities when we think about the priorities for the electorate?

There’s a few things. One is that, historically, the automobile really symbolizes American freedom and American consumption. And so when something impinges on our ability to drive a lot…

Second, it’s a price you just see. It’s just very visible when it goes up or down, more than groceries even.

I think that kind of recurring image for people becomes very politically potent if that number gets too high. So it’s a real struggle, but it’s also symbolically right in front of us. And these days, I think even more so now than in the ’70s or ’80s, it’s become something that the reporters and the media track.

I want to talk specifically about this summer. We’ve crossed $4/gallon again this summer, the highest since 2022, and this time it’s pretty clearly tied with the ongoing war in Iran.

Donald Trump has tried to make the argument that some short-term pain at the pump is worth a long-term national security focus. But his energy secretary said pretty clearly that gas won’t be back to $3 until 2027. Obviously, that puts us after the midterm elections. It sounds like he’s running the exact playbook you just told me has never worked, which is to get people to just pretend this is not happening.

What have you thought about how the president has handled the spike in gas prices?

In part it strikes me as a president who doesn’t really care about the fate of his party. I think it’s a big issue. I think most Republicans understand that. And it’s tied to a war that really doesn’t have public support.

It’s a war without the kind of clarity that many people felt after 9/11 with Afghanistan, and Iraq for a while. It’s the worst of all worlds. And so I think he’s really fumbled on this issue, and there was part of him that hoped people either wouldn’t care even if they noticed, or somehow the prices would diminish. It’s certainly not looking that way.

Machthaber: Xi Jinping

6 August 2026 at 05:30

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Trump’s merely “okay” economy

30 July 2026 at 23:30
A shopper sits at the Broadway Plaza Shopping Center in Walnut Creek, California.

This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here.

The American economy lost some steam this spring as the war in Iran pushed up energy prices. But don’t let that slower growth, or the downer vibes, fool you: The economy is actually…doing all right.

The latest report out Thursday from the US Bureau of Economic Analysis, which covers the months of April, May, and June, finds that consumers and businesses have been feeling surprisingly spendy, despite the drag of inflation.

Inflation does remain well above the Federal Reserve’s annual target of 2 percent. And a surge in imports — largely semiconductors and other gear related to the AI boom — pulled the economy down on paper. Overall, the US gross domestic product expanded at an annual rate of 1.5 percent, slower than economists expected. 

But imports and exports can swing dramatically from quarter to quarter, and cleaner measures of underlying demand (like the dreadfully named “real final sales to private domestic purchasers,” which filters out some of the noise of quarter-to-quarter swings) showed stronger growth. “It’s an economy that’s doing okay,” summed one economist to the Washington Post.

The US economy is surviving Trump

This raises an obvious question that President Donald Trump somehow has not posted about yet: If the economy is chugging along, does he deserve the credit?

After all, in addition to these GDP numbers, unemployment is pretty low. And wages rose faster than inflation last year, helping offset higher prices. 

But many economists argue that the economy has held up despite Trump’s policies, not because of them. Without Trump’s meddling, today’s “okay” economy might have been fantastic.

Let’s take a closer look at inflation to see how this shakes out. Trump has famously imposed massive and ever-changing tariffs on virtually all of America’s trading partners — including, most recently, a 50 percent levy on many goods from Canada. If I run a liquor store and want to stock Canada’s iconic Crown Royal, each $25 bottle now costs me $37. I either eat that cost, drop the product…or pass some of the increase on to customers. 

Repeated across the economy, these little pass-throughs add up. The Dallas Federal Reserve calculated that, as of March, America’s core inflation rate would have been just 2.3 percent — instead of 3.2 percent — without Trump’s tariffs. Put another way, Yale’s Budget Lab estimates that tariffs cost the average US household $1,100 a year. 

So maybe the economy is doing okay…but it could also be better. Personally I’d like an extra $1,100. And a Canadian whisky, for that matter. 

One link for later

➨ Don’t rent the new iPhone. Apple rolled out a new “upgrade” program a few days ago, partnering with Klarna to offer customers the ability to rent smartphones for $35 a month. The scheme may make sense for diehards who always want the latest phone and switch devices frequently. But for most other people, it’s not worth it. “How do I know people aren’t getting a good deal here?” one law professor said. “If they were, Apple wouldn’t be offering it.”

Before you go…

  • Did you know…that stroke patients can sometimes relearn speech by singing their sentences first? The treatment is called melodic intonation therapy, and it grew out of research into how the brain processes music and language.
  • Today’s trivia: What kind of fruit is an ugli? (You can find this and other brain puzzles in Vox’s daily crossword. Look for the answer in tomorrow’s edition.)
  • Yesterday’s trivia: Yesterday we asked you for the name of Hercules’s stepmother. That would be Hera, who in Greek mythology — and contrary to her Disney movie portrayal — absolutely hated Hercules and repeatedly tried to kill him.

Trump goes to (trade) war with Canada

21 July 2026 at 22:30
A man dressed as President Donald Trump in front of a Canadian flag outside the White House
A man dressed as President Donald Trump poses for photographs next to Phoenix Bloomfield from Toronto, as he holds up a large Canadian flag outside the White House on March 13, 2025. | Andrew Harnik/Getty Images

Welcome to The Logoff: President Donald Trump announced giant new tariffs on Canada, which are scheduled to start in 30 days. Now negotiators from both countries are scrambling to see if they can be avoided.

What happened? Late on Monday, the White House announced 50 percent tariffs on a slew of Canadian goods — including whiskey, cheese, down jackets, and (naturally) hockey sticks. Because the Supreme Court sharply limited his tariff powers earlier this year, Trump is invoking a largely forgotten and possibly defunct authority under Section 338 of the Tariff Act of 1930.

Previously, these goods had been covered under the USMCA, the trade deal Trump negotiated with Canada and Mexico in his first term to replace NAFTA. But on July 1, the agreement expired and the US declined to renew it. 

Why is Trump doing this? The White House claimed three key grievances: Canadian duties and restrictions on American alcohol, dairy products, and automobiles. Liquor appears to be a special irritant: All but two Canadian provinces have pulled US-made booze from government liquor stores, and even some Democrats have complained.

However, the alcohol boycott began as retaliation for the trade war Trump launched in early 2025, when he was talking regularly about Canada becoming America’s 51st state. Much like his effort to reopen the Strait of Hormuz, Trump is trying to fix a problem he caused in the first place.

Interestingly, the tariffs will not go into effect for 30 days. This suggests that they may be less a serious policy initiative than a negotiating tactic. 

What’s the takeaway: Trump’s lifelong fascination with economic warfare has survived the Supreme Court’s rebuke, and he continues to fixate on Canada as a special target of his ire. It is unclear why; both countries have suffered from the breakdown in bilateral relations. 

But whatever the motivation, the ultimate outcome is clear: Icy relations to the north are a permanent fixture of the Trump presidency.

And with that, it’s time to log off…

The Odyssey officially had the biggest opening of any live-action movie of the year, as the new Avengers: Doomsday trailer is greeted with yawns. Here’s to the new MCU: the Mycenaean Cinematic Universe.

States Are Feeling the Economic Toll of Trump’s War on the Federal Government 

20 July 2026 at 22:19

A new report shows how President Donald Trump’s administration is harming state economies nationwide as several states that rely on federal government jobs and spending landed on a list of the top 10 worst economies in the nation.

And the Trump administration’s sweeping cuts to the federal workforce are continuing to acutely impact the Washington, D.C., Maryland, Virginia region. 

Pluralistic: Workplace "flexibility" isn't (11 Jul 2026)


Today's links



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Workplace "flexibility" isn't (permalink)

Here's an irony: the "gig economy" is a statistical black hole. Workers, customers and regulators know very little about the most basic aspects of it: how much workers get paid, for example, or much unpaid time on the clock a worker puts in before they get a job from the app.

The reason this is ironic is that the "gig economy" is dominated by a handful of massive, data-driven firms that know the precise, up-to-the-second answer to these questions. The problem is that they won't share the data. Of course, workers and customers have the data, too, but our data is widely diffused, with each worker and each customer only representing a single, infinitesimal pixel in this massive picture.

Most of our industry-wide figures about the sector come from painstaking, expensive survey work. The expense and effort involved in conducting this analysis means that the public's understanding of the gig companies' business is fragmentary and thin.

But every now and again, we get a flashbulb glimpse of the full picture. One of those glimpses was captured by David Weil, the former labor standards boss at the US Department of Labor. In 2024, the Massachusetts Attorney General sued Uber over worker misclassification, with Weil serving as an expert witness, who was able to access the raw data on Uber's business operations.

In a new American Prospect longread called "The Dangerous Myth of Flexibility," Weil builds on the public record developed in the case to demolish the central myth of the gigwork companies: that they enter into a mutually beneficial arrangement with their workers by offering "flexibility" that lets workers "choose work that fits the rhythms of their lives, not the other way around":

https://prospect.org/2026/07/09/dangerous-myth-of-flexibility-uber-lyft-gig-economy/

This quote comes from Tony West, the Uber executive who has led the company's efforts to formalize its worker misclassification program, notably California's Prop 22, a $225m statewide campaign that overturned the state's landmark gig work standards. West is also Kamala Harris's brother-in-law, and he served as her campaign's corporate liaison, senior strategist and economic policy advisor.

On its face, West's statement sounds reasonable, and most of us have heard a version of it, possibly even from an Uber driver. But what Uber calls "flexibility" is really a way for the company to offload its operational risks onto its drivers.

Anyone who runs a business has to manage a key operational risk: staffing levels. A restaurateur who doesn't schedule enough cooks, bussers and servers might have to turn away business at the door if there's a rush. But if the restaurateur schedules too many people for a shift, they'll end up paying for those workers to stand around scrolling Tiktok.

In America, Congress and state legislatures have created a system that allows restaurateurs to transfer this risk onto their employees: the "tipped minimum wage." Federally, the minimum wage for tipped employees is only $2.13/hour, with the caveat that employees are obliged to "top up" their workers' pay if the tips from their shift don't add up to $7.25/hour. So if you work five hours and don't wait on a single table, your boss has to pay you $36.25 ($7.25/hour * 5 hours). But if you have a busy shift and you make $40 in tips, your boss only has to pay you $10.65 ($2.13 * 5 – the tipped minimum).

This is a transfer of risk from bosses to workers. The boss can schedule extra servers and offload most of their wages to diners who come through the doors. If your boss overestimates the amount of business, much of the cost of that miscalculation comes out of your paycheck.

This is quite a sweet deal for bosses. After all, servers have virtually no control over the amount of business a restaurant attracts. It's the boss, not the server, who decides where the restaurant will be, which hours it will keep, which food it will serve, how much the food costs, what advertisements to run, and where and when to run them. The boss controls the decor, staff attire and the music. They make the decisions, and workers pay the price if they decide poorly.

For most businesses, workers are less exposed to risks from their boss's strategic errors. If your boss screws up, you might see a lower annual bonus, or take a career hit thanks to the bad company's presence on your CV. Of course, if your boss really messes up they might lay you off or go out of business altogether, but it's a rare business that gets to externalize its risks onto its workers on a shift-by-shift basis the way restaurants get to.

But as sweet as restaurateurs have it, that's nothing compared to the incredible deal that gig platforms get. Companies like Uber and Lyft get to shift nearly all their risk to their workers, and then insist that they're doing workers a favor by offering them "flexibility." Like a restaurateur, Uber and Lyft control all the mechanisms by which the number of riders is set. They decide how to advertise and how to price their rides. When a driver signs on and makes themselves available – at no charge – to Uber, it is the company's actions, not the driver's, that determine whether that driver gets a job, and how much they'll get paid.

Uber and Lyft claim that drivers have control, too – when (if) they're offered a job, they get to decide whether to take it. This is true, but it's more complicated than that. Drivers get about 15 seconds (!) to decide whether to accept a job, which means they have 15 seconds to calculate the mileage and time-based rate on offer, all while operating a vehicle in traffic. Drivers who accept lowball offers risk having their base pay permanently eroded through "algorithmic wage discrimination," which is when the gig platforms infer that workers who accept very low wages are economically desperate and can be offered even lower wages in the future:

https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men

But workers can't simply refuse offers and wait for the wage on offer to increase. That increase may happen, but if a driver is too picky, the platform will punish them for turning down too many offers by excluding them from future opportunities. If this happens often enough, the driver may end up broke enough to start accepting those lowballs, triggering the inexorable downward trajectory of their expected earnings.

This is "flexibility," but mostly it's flexibility for Uber, not for drivers. Uber controls when a driver gets paid, and they control the data about that payment. This allows Uber to claim to be paying well north of minimum wage, while drivers average less than $2.50/hour. Uber exploits its information asymmetry to publish only the numerator (the amount a driver makes when a passenger is in the car) while hiding the denominator (how many hours it takes for Uber to put a passenger in that car):

https://pluralistic.net/2024/02/29/geometry-hates-uber/#toronto-the-gullible

Uber has perfected a system of algorithmic pricing that allows it to dangle just enough money in front of drivers to maximize their number on the road, irrespective of how many riders are looking for cars. The fact that they have all the information (while drivers have none) allows them to extract vast amounts of totally unpaid labor from those drivers. And then, once a passenger gets in the car, Uber's informational systems let it pay that driver the absolute minimum they will accept for the ride.

Of course, it works the same way for passengers, each of whom is offered a different price for the same ride, based on the company's surveillance data and its realtime calculations about how much the rider is willing to pay. When Uber launched, driver pay and passenger fares were linked (the same way a server's tips and the cost of a meal are linked). Today, these are fully decoupled. Uber runs a kind of cod-Marxist operation where workers are paid according to their desperation, and passengers are gouged according to their ability to pay:

https://pluralistic.net/2025/01/11/socialism-for-the-wealthy/#rugged-individualism-for-the-poor

This works so well (for Uber) that Uber has launched a side hustle selling algorithmic pricing and algorithmic wage discrimination systems to companies in other sectors, so expect this arrangement to infect ever-wider swathes of the economy:

https://investor.uber.com/news-events/news/press-release-details/2025/Uber-Expands-AI-Data-Platform-to-Power-Next-Gen-Enterprise-and-AI-Lab-Needs/default.aspx

(And this is neither here nor there, but holy shit, is Uber's investor relations site seriously serving ASPX pages in 2026?! Hey Khosrowshahi, the DOJ called and it wants its Clinton-era antitrust evidence back!)

Back to algorithmic pricing: this opaque, take-it-or-leave-it algorithmic pricing arrangement sets Uber apart from other platforms where sellers offer temporary use of their property to buyers. As Weil writes, at least Airbnb hosts get to override the nightly rate suggested by the platform (though I'd add that the platforms will downrank and bury people who resist their suggestions).

As Weil points out, even if Uber had to pay the minimum wage and assume other operational risks associated with running a business, they'd still have access to these algorithmic tools, albeit with different parameters. Rather than setting the wage floor for drivers at $0/hour, they'd have to pay $7.25/hour (the federal minimum wage, or more, depending on the state). This would force the company to refuse shifts to drivers when there were enough workers on the road to handle demand, but drivers would benefit from this arrangement – rather than driving around for a shift, burning gas and putting wear on your car without getting paid, Uber would just tell you to stay home.

Uber could try to offload those risks onto passengers, but remember, Uber is already charging riders a personalized price based on massive troves of surveillance data that is continuously re-analyzed to guess the largest sum you're willing to pay for any given ride. You're already paying the highest price Uber can set for you, in other words.

Weil has been in many forums – including that Massachusetts courtroom – where Uber touted its "flexibility" as a benefit to drivers. But as he shows, Uber could offer all the same flexibility to drivers without the downside risk of driving around for hours without earning a dime. Sure, forcing Uber and Lyft to extend rights and protections that every employee gets would raise their costs – but "the same is true for any company having to comply with employment law and work protections."

Outside of the US, these companies are being forced to shift the risk from their workers' backs to their own balance sheets. As Weil writes, the UN's International Labor Organization has set binding labor standards for gig companies, called Convention 193, "Decent Work in the Platform Economy":

https://onlabor.org/a-win-for-platform-workers-ilo-convention-no-193/

The US government is pulling out all the stops to prevent these standards from being applied to US gig companies, even abroad. Trump's labor boss Keith Sonderling told the world that the US government "will not sit on the sidelines while some foreign governments push to hamper American innovation in the gig economy worldwide":

https://www.washingtonexaminer.com/opinion/3435961/america-must-lead-gig-economy/

But, as Weil says, this isn't about innovation, flexibility or AI. It's about gig companies changing the distributional outcome of whole sectors, to shift money from workers to investors.

The rest of the world has its own ideas. In Switzerland, the Supreme Court found that gig companies' businesses were illegal and ordered them to extend normal labor protections to gig workers. Naturally, the gig companies just ignored the law and continued to screw those workers. Gig workers, as noted, are diffused. They don't work in the same place. They have no way to find out who else works for the same boss as they do. The same factors that keep us from gathering stats on gig work also keeps gig workers from comparing notes on how they're getting shafted.

What's a labor organizer to do? The Swiss labor union Syndicom came up with an ingenious solution. They partnered with a popular, pro-union pizza restaurant, listed it on the delivery platforms, and then placed orders for tons of pizzas through the scofflaw food-delivery platforms. They transformed the pizzeria into a pop-up union labor hub, and had an organizing conversation with every rider the company dispatched to the restaurant:

https://vimeo.com/1203473793

This is deliciously ingenious, and the labor organizing need not stop there. Companies like Para have shown how, by jailbreaking the apps used by gig workers, they can allow those workers to comparison shop for the best wage. Rather than getting 15 seconds while navigating traffic to decide whether a job is worth taking, drivers and riders could use a "counter-app" that evaluates all the offers on all the platforms and coordinates with other workers to mass-reject lowball offers:

https://pluralistic.net/2021/08/07/hr-4193/#boss-app

The only problem is the "anticircumvention" laws that criminalize this kind of reverse-engineering and modifications of apps. These laws make it a literal crime to change how an app running on your own phone works. These laws were invented in America, with 1998's Digital Millennium Copyright Act, but in the ensuing years, the US Trade Rep has used the threat of tariffs to force every country in the world to adopt their own anticircumvention laws. By caving into US bullying, all of America's trading partners have left their workers and consumers vulnerable to technological surveillance, manipulation and price-gouging, to the great benefit of the US tech companies that have fused with the Trump regime.

This is the hidden silver lining to Trump's lunatic tariffs: they take away the threat that kept all those US-protecting foreign IP laws in force. When someone threatens to burn your house down unless you do as you're told, and then they burn your house down anyway, you really don't have to keep complying:

https://pluralistic.net/2026/01/01/39c3/#the-new-coalition

The possibilities for counterapps in gig work are endless. In Indonesia, gig rider co-ops commission "Tuyul" apps that mod their dispatch apps in ways small (upsizing the font) and large (spoofing the GPS):

https://pluralistic.net/2021/07/08/tuyul-apps/#gojek

In his article, Weil cites a study showing that customers for gig apps tend not to comparison shop – once you choose your default taxi-hailing app, that becomes your go-to. But with counter-apps, your default could be a price-comparison app that bids out your job to all the platforms and chooses the cheapest one, forcing the gig companies to compete with each other:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5729723

The platforms like to pitch themselves as "frictionless," but the reality is that they don't reduce friction so much as reallocate it. Because they control the technology, because the law makes it a literal crime to wrestle that control away, they can shift all the friction from their side of the ledger to yours, whether you're a worker or a customer:

https://pluralistic.net/2025/08/23/become-unoptimizable/#downward-redistribution

Tony West isn't lying when he says Uber values flexibility – they value their flexibility, which arises out of the constraints (technical, legal) they impose on us: the drivers and passengers.


Hey look at this (permalink)



A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#20yrsago Alanya to Alanya: feminist science fiction adventure https://memex.craphound.com/2006/07/12/alanya-to-alanya-feminist-science-fiction-adventure/

#20yrsago Soviet jokes https://web.archive.org/web/20060708144926/http://www.prospect-magazine.co.uk/article_details.php?id=7412

#10yrsago Empirical proof that Terms of Service are “the biggest lie on the Internet” https://web.archive.org/web/20160712233511/https://arstechnica.com/tech-policy/2016/07/nobody-reads-tos-agreements-even-ones-that-demand-first-born-as-payment/

#10yrsago Fox’s employee contracts may mean Gretchen Carlson will never get her day in court https://web.archive.org/web/20160712123858/https://thinkprogress.org/justice/2016/07/11/3797060/dirty-trick-fox-news-using-undercut-gretchen-carlsons-sexual-harassment-suit/

#10yrsago To see the future, visit the most remote areas of the GBAO https://medium.com/studio-d/6-1-glimpses-of-the-future-e3fdb510dcc1#.iwyo4x141

#10yrsago Benjamin Frisch’s “Fun Family”: good old American narcissism https://memex.craphound.com/2016/07/12/benjamin-frischs-fun-family-good-old-american-narcissism/

#5yrsago The Sacklers will get to keep billions https://pluralistic.net/2021/07/12/monopolist-solidarity/#sacklers-billions


Upcoming appearances (permalink)

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Recent appearances (permalink)



A grid of my books with Will Stahle covers..

Latest books (permalink)



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Upcoming books (permalink)

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027
  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, April 20, 2027

  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027



Colophon (permalink)

Today's top sources:

Currently writing: "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America. Fourth draft completed. Submitted to editor.

  • A Little Brother short story about DIY insulin PLANNING

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America needs a real AI economic plan — before the crisis hits

9 July 2026 at 12:00
President Donald Trump signs the H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act, in the Oval Office of the White House in Washington, DC, on Friday, March 27, 2020. | Erin Schaff/The New York Times/Bloomberg via Getty Images

When you ask people when they knew Covid was going to be a huge deal, they give a range of answers. “When Tom Hanks got sick” is a popular one. So is “when the NBA suspended the season.” The most plugged-in people will sometimes cite early rumblings from Wuhan in December 2019/January 2020.

Key takeaways

  • AI is scaling faster than any past tech boom, and it’s likely to produce an economic emergency — a moment when policymakers will suddenly accept big risks and big changes. The US isn’t ready.
  • These crisis windows open dramatically but close fast. In 2008 and 2020, near-universal cash payments and huge bailouts won bipartisan support, then vanished within months. Assuming AI will permanently shift politics toward generous policy is wishful thinking.
  • Today’s proposals fall short on both ends: AI labs offer sweeping ideas — sovereign wealth funds, portable benefits — with none of the detail legislation needs, while DC figures like Gina Raimondo push undersized fixes like retraining, too small for a transition that could wipe out whole categories of work.
  • Whoever has a detailed, ready-to-pass plan when the moment hits gets to shape it — the way TARP came straight from a “break the glass” plan drafted months earlier.

For me, the turning point came on March 17, 2020, when Republican Sen. Tom Cotton proposed sending every American checks from the government.

To be clear, at this point, my then-employer Vox had already sent everyone to work from home indefinitely, and it was clear something dramatic was happening. But I hadn’t yet internalized that the Overton Window in American politics had shifted dramatically. 

True, there were some Republican Senators who, by 2020, were expressing more openness to safety net programs, and rethinking Reagan-style laissez-faire economics. Tom Cotton, though, was not one of these senators. I didn’t think he really had strong economic policy opinions at all; he was a defense and culture war guy. He cared about defeating China and, secondarily, defeating Woke. Universal cash handouts were not his bag. And yet here was Cotton, not just calling for near-universal cash payments, but also for welfare work requirements to be suspended and for big block grants to states to expand unemployment insurance. 

This turned out to be an early indication of the actual policy the US would pursue. Within a couple of weeks, with the US unemployment rate fast headed for what would be a record high of 14.7 percent in April, a Republican Senate and president had signed off on the CARES Act, which included payments of up to $1,200 per eligible adult, $2,400 for eligible married couples, and $500 per qualifying child, along with a $600 per week unemployment insurance and a massive business bailout program. The Senate vote was unanimous, and the House approved the final Senate amendment by voice vote. 

If you had told me literally any of that would happen in February 2020, I would have laughed at you. But the normal rules had stopped applying. All that was solid had melted into air. Much, much bigger things were, suddenly, possible.

I’ve been thinking about that moment a lot as advanced AI models grow more and more capable, and more and more central to many businesses’ strategies. As of May, Anthropic is reporting an annualized revenue rate of $47 billion, equaling the likes of Coca-Cola and exceeding Netflix. That’s up from $30 billion a month earlier. If their revenue keeps growing at 56.7 percent a month, they will outpace Amazon, currently the highest-revenue company in the world at $717 billion a year, by late November or early December. The AI boom is already unfolding faster than the internet or mobile booms before it and may yet speed up even further. The debate over whether this tech is real and valuable is, essentially, over. The only question is what, and how large, its effects on our lives will be. 

This is happening unbelievably fast, and it seems likelier and likelier that we will face a moment, like that in March 2020, when the speed and disruption of AI progress begins to constitute an emergency that policymakers will be willing to take surprisingly large risks to confront. There will likely be a moment of unusual policy freedom and flexibility, a moment which is brief — but could enable large changes for the better.

The US is currently not ready for that moment. But we need to get ready, fast. And we need your help. My colleagues at the Center for Shared AI Prosperity, a new DC-based research group, are attempting to collect a menu of detailed policy ideas that can meet this moment. In fact, we have an open Request for Ideas with funding that can go to the best proposals people submit for how to set up the tax code and safety net in a way fit for the AI era. Now is the time to act.

These moments don’t last forever

I sometimes talk to friends in the tech world who assume that the power and economic impact of advanced AI will permanently shift our politics, and that the policies necessary to keep everyone afloat (like, say, a guaranteed income, or a sovereign wealth fund) will materialize without much effort. After some 17 years as a journalist covering US politics and policy, I think this is overly optimistic, so say the least. Congress is like jello: flick it and it will shake, but it eventually settles back to normal.

Take Covid. Within a couple of months, the apparent consensus had evaporated, and Republicans were back to resisting safety net expansion. By May, Cotton had pivoted to pushing the No Bailouts for Illegal Aliens Act, which “amends the CARES Act to prohibit sending future funds to states or municipalities until they certify they aren’t issuing stimulus checks or other payments to those in the United States illegally.” By August he had a bill to deny virus-related federal employment funds to people convicted of federal offenses because of “riots.” The pandemic was still raging but the policy emergency, and the bipartisan window for much larger-scale action, had mostly closed.

The 2008 financial crisis offers another example. There, the window was open somewhat longer. At the very beginning of the recession, in February 2008, the Bush administration went against its normal laissez-faire commitments and supported a stimulus package championed by then-Speaker Nancy Pelosi built around per-person checks to nearly all Americans, including many of those not owing income tax. In July, President George W. Bush signed a bailout of Fannie Mae and Freddie Mac in the face of strong opposition from fellow Republicans in the House, but having mostly won over his party in the Senate.

In September, when Lehman Brothers collapsed and the possibility of a cascade of massive bank failures seemed very real, Bush demanded a sweeping $700 billion bailout that proposed purchasing toxic assets from at-risk banks (the “Troubled Asset Relief Program,” or TARP). As the subsequent years would demonstrate, bailing out banks failing due to their own irresponsibility was not exactly a popular position in the general public. Members of Congress are not stupid, and they realized this at the time. On September 29, the House voted down the proposal, with huge numbers of both parties defecting from Bush and Pelosi’s position. That led to a large stock sell-off that terrified lawmakers. That experience, some last-minute tweaks, and truly herculean lobbying from the administration, the Fed, and others led the House to switch course and pass the bill on October 3, though within weeks of its passage, Treasury abandoned asset purchases in favor of buying equity stakes in the banks directly.

The full course of 2008 shows the value of, and power inherent in, being prepared. The February 2008 stimulus package was very roughly improvised. It worked a little bit, but proved nowhere near big enough. If Pelosi and Bush had had a more thought-through proposal on hand, perhaps one that automatically repeated and scaled the checks depending on where the unemployment rate went, then the recession would have been much less severe and the 2009 stimulus might not have proven necessary.

TARP was an example of a case where some key actors were prepared. The structure of the program came from the “Break the Glass Plan,” a proposal put together by Bush Treasury officials Neel Kashkari and Philip Swagel in April 2008 explicitly designed as a “just in case” plan for the extreme situation where the whole financial sector needed recapitalization. That case, of course, came to pass, and because Kashkari and Swagel had a plan, there was something for Congress to quickly pass. That was good — TARP played an important role in preventing the financial crisis from worsening.

But it also meant that the plan reflected Kashkari, Swagel, and their boss Hank Paulson’s overall conservative worldview. One could imagine a plan like that which saw the US government instead outright nationalizing major banks, or imposing strict capital requirements on them in perpetuity as a condition of the bailout money, or banning them from owning hedge funds or doing speculative trading. A different administration with different views might have designed a different emergency plan — and because it was genuinely an emergency, that plan would likely have passed, with very different consequences over the next few years. 

What stocking the shelves for AI means

One way to think of the project of AI economic policy in 2026 is as designing the equivalent of the Kashkari-Swagel plan: something detailed, opinionated, and actionable that can be deployed quickly when the situation gets dire. What that plan looks like will, of course, depend on one’s values and commitments; the America First Policy Institute’s emergency plan will not look like the AFL-CIO’s.

The Center for Shared AI Prosperity was founded with an aim to produce plans of this nature designed to make sure any economic windfall from AI is widely shared, and that workers and low-income Americans are not left behind in the transition. We were also founded out of a frustration at the inadequacy of the proposals we were seeing from two ends of the AI policy debate.

On the one side are ideas from the AI labs themselves. These tend to be ambitious — indeed ambitious enough to seem like plausible answers to a problem of the magnitude of AI completely reshaping the economy — but woefully unspecific. They more closely resemble dorm-room philosophizing rather than legislative drafting.

OpenAI’s “Industrial Policy for the Intelligence Age” from this past April, is one such example,  laying out a number of very broad ideas: taxing capital more, a sovereign wealth fund invested in the AI economy, portable job benefits. It’s light on the specifics: What kinds of capital taxes? How big a hike is too big? How do you make health benefits portable without disrupting people’s current plans? How does the sovereign wealth fund get its money? Anthropic’s Economic Policy Framework is somewhat more specific, offering paragraphs per idea where OpenAI has a sentence or two, but still nowhere near the level of detail necessary to actually write legislation.

On the other side are proposals from within the DC policymaking world, which are firmly rooted in what seems politically viable right now but would be woefully inadequate in the face of the likely economic disruption that’s coming. Former Commerce Secretary Gina Raimondo and her group RAISE US have centered employee retraining; Raimondo’s recent New York Times op-ed centered ideas like new credentials from community colleges and expanded apprenticeship programs as the answer to mass AI unemployment. These are sensible tools for ordinary labor-market churn, but they are mismatched to a transition that could displace whole categories of work on a compressed timeline. The dawn of machine intelligence will demand more from our leaders than certificate programs.

The best case for this kind of caution is that ideas on the scale of the labs — sovereign wealth funds, universal capital accounts for all Americans, permanent relief funds for the long-term unemployed — are dead in the water in DC. Which might be true — now, at least. 

But this is where Tom Cotton’s brief love of cash transfers becomes relevant. We should not overindex on the way the politics look right now. The world is about to become very strange, and we may be surprised by the scale of change in response that can earn even bipartisan support.

Indeed, it’s notable that both the 2008 relief measures and the 2020 CARES Act came under Republican presidents with Democrats controlling at least one chamber in Congress, which is also the likely situation after the midterms this year. Democrats are always willing to vote for big new safety net programs to protect unemployed and low-income people. But Republicans are often willing to compromise their usual anti-welfare stances when they’re the party in the White House, and their approval ratings depend on the country’s basic economic health.

What action they might take in a 2027 or 2028 featuring massive AI-based economic disruption is still unclear. But right now, we all have an opportunity to help shape it. The Center for Shared AI Prosperity is running a request for ideas, seeking proposals for shared AI ownership, new AI-related taxes and revenue raisers, and new safety net programs to share the gains widely. We want ideas from economists and think tanks, of course — but also from the labs, from independent researchers and academics, and from ordinary citizens with an interest in where this technology is going.

Stocking the shelves is hard work, and we don’t have all the answers. But you just might, and we’re going to need all the help we can get if the US is going to emerge from the AI transition as a prosperous, functional nation.

The US is better off than it was in 1976. So why does it feel worse?

27 July 2026 at 12:16
A 3D rendering of the statue of liberty crying into its hands
Roughly 60 percent of Americans tell pollsters the nation is on the wrong track. A majority say its best years are behind it. | Getty Images

This story was originally published on June 29 in The Highlight. To get access to member-exclusive stories like this every month, become a Vox Member today.

America in the summer of 1976 was not in a good place. 

The president who presided over the country’s bicentennial, President Gerald Ford, only had the job because the previous president and vice president had resigned in disgrace, making him the sole US president who was never actually elected. The Vietnam War had ended in defeat and disgrace when Saigon fell the year before, after the deaths of nearly 60,000 American servicemembers. Inflation hit double digits in 1974 and stayed ugly, unemployment sat near 8 percent, and economists had to invent a word — stagflation — for an economy that seemed to encompass the worst of both worlds.

Given all that, you might assume the national mood leading up to the 200th anniversary was grim. And, yet, on July 4, 1976, something strange happened: Americans threw themselves a hell of a party. 

In New York Harbor, more than 200 tall ships sailed up the Hudson for Operation Sail, drawing an estimated six million spectators — the largest crowd in the city’s history. Ford reviewed the fleet from the deck of the aircraft carrier USS Forrestal. It was the same scene up and down the country that day: parades in small towns, fireworks over the National Mall, church bells ringing in unison at 2 o’clock. It was one cathartic day of celebration after a decade that had offered little reason for it.

And when pollsters asked people how they felt about the country’s future that year, the mood was, improbably, sunny. A Roper survey found more Americans were optimistic than pessimistic about the future by a nearly three to one ratio. More than three-quarters told Gallup the nation had already achieved at least a fair amount of its founding ideals. Somehow, a nation that was in the middle of a genuinely miserable decade looked in the mirror and liked what it saw.

Jump forward 50 years, to this year’s 250th anniversary, and you’ll find the vibes flipped. Roughly 60 percent of Americans tell pollsters the nation is on the wrong track. A majority say its best years are behind it. About three-quarters think today’s children will end up worse off than their parents. Asked a version of that same founding-ideals question from 1976, 77 percent now say the founders would be disappointed in what we’ve become.

But just as they were in 1976, the vibes don’t match reality. Set the mood aside and look only at the numbers, and the country that felt so good in 1976 was, by the most important measures, a worse place to be alive than the country that now feels so terrible on its 250th birthday.

Start with whether you’re alive

Let’s start with the most basic test of how a society is doing: how long its people live.

Life expectancy at birth in the US was 72.6 years in 1976. In 2024, it reached a record high of 79 years — an extra six and a half years of life. At the start of life, a baby born now is far more likely to survive its first year than one born during the Bicentennial, while cancer, once nearly a synonym for a death sentence, now kills a much smaller share of the people it strikes

The US made those gains by stopping some of its worst habits, things that were commonplace in 1976 . You might have seen the Bicentennial celebrations through a cloud of smoke, as cigarettes were woven into ordinary life — on airplanes, in offices, in hospital wards — and roughly 37 percent of adults smoked. Today, it is closer to one in 10, and it keeps falling. 

The heart disease and lung cancer that were connected to all that tobacco have receded with it. Add seatbelts and airbags, better trauma care, and cheap drugs that lower cholesterol and blood pressure, and the result is a country where the things that were most likely to kill an American in 1976 are less deadly now.

The America of 1976 sat at the leading edge of a brutal crime wave; the murder rate would peak in 1980 and stay high for more than a decade. By the early 2020s, however, violent crime had fallen back to roughly a 50-year low, and homicide rates this year may end up at a record low. And the single most dangerous thing most Americans do — get behind the wheel of a car — is far less likely to kill them, with the death rate per mile driven now a fraction of what it was at the Bicentennial.

The country got cleaner, and richer, and fairer

In 1976, the air in American cities carried lead, an honest-to-God neurotoxin that was pumped out of every tailpipe of the more than 90 percent of American vehicles that used leaded gasoline. 

Rivers literally caught fire: The Cuyahoga in Cleveland had burned so many times it became a national joke, and Lake Erie was widely written off as dead. And things were bad outside Ohio, too. In Los Angeles, the smog got thick enough to keep kids inside at recess and erase the nearby mountains from view.

Since 1970, however, the combined emissions of the six main air pollutants the EPA tracks have fallen 78 percent — even as the economy nearly quadrupled in real terms, the population grew by tens of millions, and Americans drove far more miles. That split, with growth going one way and pollution the other, is one of the least celebrated but most consequential triumphs of the past half-century, the product of legislative efforts and technological response. And lead? It’s essentially disappeared from the air

And it’s not just economic or environmental statistics that have improved; society advanced, as well. Women now earn the majority of college degrees. The Black poverty rate sits near a record low. Support for same-sex marriage is now the norm — maybe the single biggest social change from 1976, when homosexuality was criminalized in most states. Pick a metric more or less at random, and the line usually runs the right way.

This is not a matter of cherry-picking a few flattering numbers. It is the overwhelming direction of the evidence, across health, wealth, safety, rights, even the basic cleanliness of the physical world an American walks through every day. Measured against its own recent past, the US is in some of the best shape it has ever been.

So what’s with the bad vibes?

A more perfect union doesn’t mean perfect

Well, some things genuinely got worse, and they are not insignificant. 

Americans’ faith in their government has collapsed; fewer than one in five now trust Washington to do the right thing, down from solid majorities in the 1960s — and the country is more polarized than it was in 1976. Democratic decline and even collapse is a live threat. Those economic gains I highlighted above have flowed disproportionately upward. The top 1 percent’s share of income, near a historic low in 1976, has since roughly doubled.

Climate change barely registered in 1976. The carbon dioxide in the atmosphere has since climbed from around 330 parts per million to about 427, and warming will only get worse in the future. And buying a home increasingly feels out of reach for many. By 2024, a record share of households spent more than a third of their income on housing. (Notably, though, the percentage of Americans who own a home is slightly higher than it was in 1976, and those homes are much larger on average.) 

These are real problems, but they remain exceptions to a broader half-century trend of improvement. And a country that scrubbed the lead from its air and put out smoking can overcome new challenges, as well. 

Which brings us back to a tale of two birthdays. In 1976, Americans had less of nearly everything you can count, and, yet, they reported feeling good about the future anyway. In 2026, we have more, and we don’t. 

Just as it can be for a person, a country’s mood is a poor instrument; it measures the story we are telling ourselves more than the lives we are actually living. For all our pessimism about the state of the nation, more than three-quarters of Americans say they are satisfied with their own lives.

The Americans crowding New York Harbor in 1976 were cheering a country that was sicker, dirtier, more dangerous, and less free than the one we live in now. But they were right to cheer; the line was already bending the right way, and it kept bending. It turns out a nation can travel a long way, even while it is convinced it is going nowhere.

A version of this story originally appeared in the Good News newsletter. Sign up here!

Pluralistic: It's not a crime if we do it (to nurses) with an app (22 Apr 2026)


Today's links



A 1950s killer robot with eye lasers; it has collected four bell jars in which float the heads of disembodied nurses. It is zapping one jar with its lasers. In the background is a golgotha, taken from a Dore Old Testament engraving.

It's not a crime if we do it (to nurses) with an app (permalink)

If I could abolish one piece of received wisdom about tech policy, it would be this: "Tech moves at the speed of innovation and regulation moves at the speed of government, so regulation will always lag behind tech."

(If I could abolish two pieces of received wisdom about tech policy, the other one would be "If you're not paying for the product, you're the product." Decent treatment is not a customer reward program, and "voting with your wallet" only works if you're a billionaire whose wallet is thicker than all the other wallets put together.)

To be clear, there are times when tech enables new forms of conduct that don't fit neatly into the existing policy framework. For example, we apply copyright to anyone who makes or handles a copy of a creative work, and that used to be a pretty good proxy for "someone in the supply chain of the media industry."

The problem is that computers work by making dozens and dozens of copies every time you click your mouse, and we all use computers for everything, and clicking a mouse doesn't make you part of the entertainment business. The fact that we've had hyperinflation in "making and handling copies" but continued to apply an esoteric industrial framework to pretty much everything everyone does all the time is a huge problem that desperately needs fixing:

https://pluralistic.net/2023/10/21/the-internets-original-sin/

Copyright notwithstanding, tech generally does not outrun our capacity to regulate it. Rather, tech bosses come up with incredibly flimsy reasons why their business doesn't fit into the existing regulatory framework, and policymakers accept these ridiculous excuses so readily that one can only assume they're in on the racket.

Take "fintech," all those neobanks and the cryptocurrency junk and shitcoins and stablecoins and NFTs and so on that a group of pump-and-dumpers, money launderers and stock swindlers have pushed for more than a decade now. As Trashfuture's Riley Quinn says, "Whenever you hear 'fintech,' you should think 'unregulated bank.'" It's not hard to apply existing regulations to these companies: they fall under banking law, usury law, securities law and gambling law.

There's no (good) reason not to apply these legal frameworks to the crypto industry – but there are plenty of bad reasons not to. The most obvious reason not to apply those regulations is that you are on the same side as the pump-and-dumpers, money launderers and stock swindlers. The reason we struggle to regulate fintech is that we just don't want to.

Then there's Uber, which claimed that it wasn't a taxi company, it was a "transportation network company," which meant that none of the regulations we apply to taxis should apply to Uber. To call this a transparent ruse is to do great violence to the good, hardworking transparent ruses putting in the hard yards to run honest scams. "Uber isn't a taxi company, it's a transportation network company" is about as plausible as those t-shirts that read "It's not a bald spot, it's a solar-panel for a sex-machine."

Emboldened by the success of the "transportation network company" wheeze, Uber launched Uber Eats, claiming that it wasn't a "food delivery company" but rather a "delivery network company." This set up the template for a remorseless tide of new sex-machine solar-panels that have pushed Uber's system of wage-theft and worker misclassification into an expanding constellation of labor categories.

From fintech to price-fixing to gig-work, the entire industry runs on the very stupid proposition that "it's not a crime if we do it with an app":

https://pluralistic.net/2025/01/25/potatotrac/#carbo-loading

One of the worst of these sex-machine solar-panels is to be found in nursing, where a cluster of heavily capitalized apps that nurses must rely on to get shifts insist that they aren't "healthcare staffing agencies," rather, they are "healthcare worker platforms" that should be exempted from the regulations that we started applying to the former after a string of calamities and disasters.

This phenomenon is detailed in eye-watering detail in "Uber For Nursing," a must-read new report by Katie J Wells, Maya Pinto, and Funda Ustek Spilda for the AI Now Institute:

https://ainowinstitute.org/publications/uber-for-nursing

If "Uber for nursing" rings a bell, you might be thinking of "Uber for Nursing: How an AI-Powered Gig Model Is Threatening Health Care," an earlier report that Wells and Spilda wrote for the Roosevelt Institute in late 2024:

https://rooseveltinstitute.org/publications/uber-for-nursing/

The Roosevelt Institute report contained many eye-popping findings, most notably that at least some of the leading national nursing gig-work platforms were using data-brokers to find out how much debt nurses were carrying, and offered lower wages to the nurses with the most debt, on the grounds that the most economically desperate nurses will accept the lowest pay:

https://pluralistic.net/2024/12/18/loose-flapping-ends/#luigi-has-a-point

The new report describes how, in the absence of a muscular policy response, these nursing gig-work companies have raised fantastic sums of money, some of which they have diverted to regulatory capture projects in a bid to states to recognize their solar-panel sex-machines, with great success. These companies haven't merely refined their lobbying game, either – as a sphincter-puckering appendix detailing the experience of nurses with these apps shows, they have also made great strides in immiserating nurses and transferring their earning power to gig platforms and the hospitals that rely on them.

This degradation of the work experience is characteristic of the new world of AI-powered jobs. AI isn't taking workers' jobs, but it is enshittifying them, with degrading, neurosis-inducing surveillance and high-handed discipline:

https://www.ineteconomics.org/perspectives/blog/what-does-it-mean-to-work-under-algorithmic-eyes

Algorithmic oversight is a terror for any worker, but it's particularly bad when applied to healthcare workers:

https://pluralistic.net/2023/08/05/any-metric-becomes-a-target/#hca

But gig-work companies remain laser-focused on healthcare workers, likely because that is one of the only growing professions left in America. They're trying to screw over healthcare workers for the same reason Willie Sutton robbed banks: "That's where the money is." The corollary here is that the 15% of the American workforce that is employed in the healthcare industry is on the front lines of the battle against gig-work and algorithmic management.

Like parasites that attack the sick and weak, gig-work and algorithmic management come first for industries that are already bad for workers and the people they serve, making things much worse while insisting that they're just trying to apply a cool digital fix to a broken analog system. That, too, was Uber's playbook: attacking the medallion taxi system as corrupt and sclerotic – while replacing it with a system that's corrupt, extractive and dynamic, able to evade all attempts to improve things for drivers and riders (such as drivers' unions).

That's what's happened with healthcare staffing agencies. These have long been a fixture in healthcare, partly because there was always a large cohort of skilled healthcare professionals who valued the flexibility of short term contracts (for example, "travel nurses") and partly because hospitals love hiring contractors who aren't part of their workers' unions.

Staffing agencies weren't good. A string of scandals led to waves of regulations in states like Colorado, Minnesota and New York that required agencies to "register annually, disclose shareholders and executive officers, certify worker credentials, report to state authorities on the number of workers employed, document service rates charged to facilities, and list average wages paid to workers by job category." These regulations also banned staffing agencies from locking up workers with noncompete agreements and ripping them off with finder's fees.

Rather than strengthening these protections, gig nursing platforms avoid them. Where staffing agencies secure multi-week contracts for travel nurses, gig platforms typically assign workers to single-day shifts. Where staffing agencies let nurses bargain for their scheduling needs, gig platforms present take-it-or-leave-it offers and no opportunities to speak to a human when things go wrong. And where staffing agencies evaluated the workers on their roster based on employer feedback, the gig platforms install apps that continuously surveil and evaluate workers, downranking them and cutting their hours and pay based on algorithmic judgments that are never explained and cannot be appealed.

Platforms match nurses with shifts, claiming to regulators that they're little more than a "job-notice board." But when they pitch hospitals, they tell a different story, about their ability to use algorithms to erode wages and blacklist workers who make trouble. Healthcare gig-work apps push workers to accept shifts that require more travel and pay less, at facilities they don't want to work at. Refusal to accept a shift can permanently compromise your ability to get future shifts, and/or lower the wage you're offered in future.

In addition to these poor working conditions and low wages, gig platforms have resurrected the prohibited practice of charging workers "finder's fees," by layering on junk fees that take money out of every paycheck. Staffing agencies aren't allowed to do this, but the gig-work platforms' "solar panel for a sex-machine" gambit transforms the finder's fee into a "platform fee" that somehow escapes regulators' grasp.

How is it that a regulator can't see that a "platform fee" is exactly equivalent to a "finder's fee?" This is not a case of technology outpacing regulation – it's a case of lawmakers colluding with profitable firms to evade regulation in order to steal from workers.

The platforms are aslosh in investor cash – Clipboard Health, Intelycare, and Shiftkey are all valued at more than $1b, and Shiftkey just completed a $300m private equity raise. This leaves them with lots of ready cash to spend on regulatory entrepreneurship. In Georgia, Clipboard lobbied "to exempt gig nursing platforms from state unemployment insurance and workers’ compensation laws." In Ohio, Shiftkey and Clipboard are pushing a bill "to classify gig nurses as independent contractors, exempting gig platforms from minimum wage and other worker protection laws." In Utah, Nursa is praising a bill that a state senator called "lightest-touch regulation." All in all, 17 states have nurse gig platform deregulation bills underway.

In 2022, the healthcare gig-work platforms tried to get a California ballot measure to carve nursing platforms out of all state labor laws. They withdrew it, but pursued an "under the radar" approach to get the same thing by seeking changes in administrative rules, rather than state laws. Lobbying for administrative law changes to exempt healthcare gig-work platforms from regulation is also underway in Missouri, Louisiana and Utah.

One bright light in all this comes from New York state, where a 2025 law "affirmatively recognizes gig nursing platforms as entities that must comply with the state’s healthcare staffing agency rules." The existence of this law proves that the crisis of gig-work healthcare platforms is not an example of tech racing ahead of regulation. If New York's state leg can figure out that a gig-work platform is just a staffing agency in app form, then other states can do so as well. If they don't figure that out, that's because they don't want to.

Sometime in this century, our political class and our financial class arrived at a consensus that Douglas Rushkoff describes as "go meta," in his 2022 book Survival of the Richest:

https://pluralistic.net/2022/09/13/collapse-porn/#collapse-porn

The "go meta" ethos insists that the most important, smartest and most valuable move is always away from productive labor. Don't drive a cab: go meta and own a medallion that you rent to a cab driver. Don't own a medallion, go meta and start a gig-work ride-hailing company. Don't start a gig-work ride-hailing company, go meta and invest in a gig-work ride-hailing company. Don't invest in a gig-work ride-hailing company, go meta and buy options in a gig-work ride-hailing company – and so on and so on, into ever more abstracted forms of gambling and rent-collection.

The reorganization of the economy around parasitic middlemen and financial gamblers (but I repeat myself) is the real reason that we can't regulate tech. Once you've decided that the most important party to a transaction is the person who has the option on the share on the platform on the license that the worker who actually does the job requires, of course you're going to see a solar-panel for a sex-machine in every bald spot.


Hey look at this (permalink)



A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#25yrsago PKD ratted out other SF writers to the FBI https://web.archive.org/web/20010428121230/https://www.linguafranca.com/print/0105/cover.html

#15yrsago Weird Al snubbed by Lady Gaga, releases his parody without permission as fair use https://www.youtube.com/watch?v=fUxXKfQkswE

#15yrsago How do you compete with free? A taxonomy of reasons to pay for digital files https://www.theguardian.com/technology/gamesblog/2011/apr/20/digital-free-persuade-pay-cory-doctorow?utm_source=twitterfeed&utm_medium=twitter

#15yrsago iOS devices secretly log and retain record of every place you go, transfer to your PC and subsequent devices https://www.theguardian.com/technology/2011/apr/20/iphone-tracking-prompts-privacy-fears

#10yrsago Before 1988 Olympics, South Korea sent ‘vagrants’ to camps where rape and murder were routine https://web.archive.org/web/20160420234916/https://bigstory.ap.org/article/c22de3a565fe4e85a0508bbbd72c3c1b/ap-s-korea-covered-mass-abuse-killings-vagrants

#10yrsago Luxury overnight bus with sleeper cabins shuttles between LA and San Francisco https://www.inc.com/tess-townsend/sleepbus-gets-you-from-sf-to-la-for-50.html

#10yrsago Volkswagen’s internal Dieselgate probe stuck because the company used code-words for its cheat software https://web.archive.org/web/20160419095045/https://www.bloomberg.com/news/articles/2016-04-19/vw-cheating-code-words-said-to-complicate-emissions-probe

#10yrsago Chinese opsec funnies: your foreign boyfriend is a western spy! https://web.archive.org/web/20160420125125/https://www.chinalawtranslate.com/nsed/

#10yrsago UK Chancellor exempts families of “Politically Exposed Persons” from money laundering scrutiny https://www.nakedcapitalism.com/2016/04/uks-osborne-exempts-members-of-parliament-other-politically-exposed-persons-from-money-laundering-oversight.html

#10yrsago Colorado school district wants to arm security staff with assault rifles https://www.csmonitor.com/USA/2016/0419/Colorado-school-district-to-equip-security-workers-with-semiautomatic-rifles

#5yrsago McDonald's corporate wages war on ice-cream hackers https://pluralistic.net/2021/04/20/euthanize-rentier-enablers/#cold-war

#5yrsago Real penalties for covid evicters https://pluralistic.net/2021/04/20/euthanize-rentier-enablers/#cfpb


Upcoming appearances (permalink)

A photo of me onstage, giving a speech, pounding the podium.



A screenshot of me at my desk, doing a livecast.

Recent appearances (permalink)



A grid of my books with Will Stahle covers..

Latest books (permalink)



A cardboard book box with the Macmillan logo.

Upcoming books (permalink)

  • "The Reverse-Centaur's Guide to AI," a short book about being a better AI critic, Farrar, Straus and Giroux, June 2026 (https://us.macmillan.com/books/9780374621568/thereversecentaursguidetolifeafterai/)
  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2026

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027

  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027



Colophon (permalink)

Today's top sources:

Currently writing: "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America. Third draft completed. Submitted to editor.

  • "The Reverse Centaur's Guide to AI," a short book for Farrar, Straus and Giroux about being an effective AI critic. LEGAL REVIEW AND COPYEDIT COMPLETE.
  • "The Post-American Internet," a short book about internet policy in the age of Trumpism. PLANNING.

  • A Little Brother short story about DIY insulin PLANNING


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"When life gives you SARS, you make sarsaparilla" -Joey "Accordion Guy" DeVilla

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ISSN: 3066-764X

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