Bank Bailouts, Building Power, and Health Care Privatization

What matters in American politics and power doesn’t always top the news. It’s the behind-the-scenes implementation of an executive order, or the email correspondence of a reluctant plaintiff, or the handshake deals that help build a country. This year I focused on 179 articles and newsletters. Here are some of my favorites:

McCarthy’s 21 Republican defectors didn’t get much

At the beginning of the year, Kevin McCarthy had a dominant position of 15 votes until he became president, but he later lost the position. I argued that the holdouts gained nothing in that fight except the ability to oust a president they didn’t like. The miserable results of this Congress, which has largely considered major legislation and yet has not cut a dollar in spending, have led to this.

A fierce battle over corporate power

In July 2021, President Biden issued a sweeping executive order to promote competition in the US economy. Eighteen months later, I set out to understand how 72 different actions were progressing in sequence. I found an uneventful process with some reticence amid corporate pushback. But the ship of state is turning away from corporate dominance and toward impartiality.

Biden hasn’t talked about junk fees

This was a good example of Possibility at its best. The White House junk fee campaign focused mostly on travel and entertainment fees, which does not show the full picture. I’ve written about a range of junk fees that impact the working class in their everyday lives, especially in rental housing. Within a few months, the administration took note of this and attempted to limit and even ban some rental housing charges. This is called bringing change.

Silicon Valley Bank Bailout Wasn’t Needed

One of the big business stories of the year was the meltdown in regional banks, an entirely predictable outcome given the way Congress deregulated that sector during the Trump years. I reiterated that history and the incompetence of the same bank executives who advocated for less oversight, not to mention the VC depositors at Silicon Valley Bank.

Big Tech lobbyists explain how they took over Washington

A fascinating hidden history was told in a research paper about how the tech industry invented the concept of digital trade and then embedded that perspective inside the office of the US Trade Representative. The author of the paper was in very good standing, having previously worked as a special assistant at USTR.

Unwilling Partners in Student Loan Cases

The Supreme Court’s decision in the student loan relief case is a prime example of how law and truth are literally at odds in this age. The only injured party in the case did not file a complaint, did not plead and in fact had nothing to do with it. That a fraudulent plaintiff could be used as the basis for a decision that has denied loan relief to millions of student borrowers should shake our notions of equal justice.

A liberalism that builds power

As the Biden administration launched its industrial-policy agenda, I challenged the logic of the supply-side progressivism crowd, explaining that you can’t separate the domestic supply chain, carbon reduction, good jobs, and public input, or your The political project will collapse. I received a lot of feedback on this argument and I responded to the responses. But I think our year-long series Building Back America, which visited eight states to implement this project, solidified my perspective.

Barbenheimer reveals the harsh preferences of Hollywood executives

I like to write about culture from time to time, and this was a perfect opportunity to merge it with ideas about the economy and labor. At a time when writers and actors were struggling to survive, a cultural phenomenon proved that the way Hollywood executives had run their business for years was completely upside down. People want original work and shared experiences, not just another superhero movie and streaming video.

patient Zero

This was my contribution to our special series on The Business of Health Care, which is one of my favorite projects I’ve done Possibility, It looked at the career of Tom Sculley, a Zelig-type figure for the privatization of American health care, who worked in both the Bush administration to bring market forces into Medicare and Medicaid and prescription drug benefits, then a Became a private equity executive who used his knowledge of the system to advantage.

opportunity to speak

I wanted this to be given more attention. This involves Katie Anderson, an independent contractor for Aflac, who was raped in a hotel room while on a work trip. This story sits at the intersection of worker misclassification, workplace sexual harassment policies, the use of forced arbitration and secret settlements, and much more. And it was a privilege to tell Katie’s poignant story.

27 December 2023

5:15 am

#Bank #Bailouts #Building #Power #Health #Care #Privatization
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