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theculturedmarxist · 1 year

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In photos of 2023’s World Economic Forum- or Davos as it is commonly called, after the Swiss resort town where it annually occurs- you might not notice the HEPA filters. They’re in the background, unobtrusive and unremarked upon, quietly cleansing the air of viruses and bacteria. You wouldn’t know- not unless you asked- that every attendee was PCR tested before entering the forum, or that in the case of a positive test, access was automatically, electronically, revoked. And if you happened to get a glimpse of the strange blue lights overhead, you could reasonably assume that their glow was simply a modern aesthetic choice, not the calming buzz of cutting edge Far UVC technology- demonstrated to kill microbes in the air.

It’s hard to square this information with the public narrative about COVID, isn’t it? President Biden has called the pandemic “over”. The New York Times recently claimed that “the risk of Covid is similar to that of the flu” in an article about “hold outs” that are annoyingly refusing to accept continual reinfection as their “new normal”. Yet, this week the richest people in the world are taking common sense, easy- but strict- precautions to ensure they don’t catch Covid-19 at Davos.

These common sense, easy precautions include high-quality ventiliation, use of Far UVC-lighting technology, and PCR testing. You’ll also see some masks at Davos, but generally, the testing + air filtration protocol seems to be effective at preventing the kind of super-spreader events most of us are now accustomed to attending.

It seems unlikely to me that a New York Times reporter will follow the super-rich around like David Attenborough on safari, the way one of their employees did when they profiled middle-class maskers last month. I doubt they will write “family members and friends can get a little exasperated by the hyper-concern” about the assembled Prime Ministers, Presidents and CEOs in Switzerland. After all, these are important people. The kind of people who merit high-quality ventilation. The kind of people who deserve accurate tests.

Why is the media so hellbent on portraying simple, scientifically proven measures like high-quality ventilation as ridiculous and unnecessary as hundreds of people continue to die daily here in the US?

Why is the public accepting a “new normal” where we are expected to get infected over and over and over again, at work events with zero precautions, on airplanes with no masks, and at social dinners trying to approximate our 2019 normal?

We deserve better. We deserve to be #DavosSafe as the hashtag going around on twitter puts it. Your children deserve to be treated with the care that world leaders are treating each other. Your family deserves to be protected from the disease which is still- unlike the flu- the third leading cause of death in the US. We don’t deserve to be shoved back into poorly ventilated workplaces while our politicians and press assure us that only crazy people would demand to breathe clean air.

Clean water and clean food are rights we fought for; we have regulatory bodies that ensure we aren’t exposed to pathogens via our water supply nor our food. In 1854, John Snow famously conducted his Broad Street Pump study in London and demonstrated that cholera was water-bourne; however, it took decades for our public policy to catch up with our scientific knowledge.

A public health case study published by the NBCI describes the years that followed:

The first use of chlorine as a disinfectant for water facilities was in 1897 in England. The first use of this method for municipal water facilities in the United States was in Jersey City, New Jersey, and Chicago, Illinois, in 1915. Other cities followed and the use of chlorination as standard treatment for water disinfection rapidly grew. During the 20th century, death rates from waterborne diseases decreased significantly, and although other additional factors contributed to the general improvements in health (such as sanitation, improved quality of life, and nutrition), the improvement of water quality was, without doubt, a major reason.

Forty-three years passed from the initial demonstration that pathogens were being spread via water, and public action and regulation to halt disease.

Can you imagine, in the 1890s, being somebody who argued against cleaning the water?

Can you imagine, in those years of plentiful cholera, calling the people who demanded shit-free water “hold outs”?

One thing COVID realists are accused of is being “doomsayers” and “fearmongers,” so let me share a dose of optimism about the future with you. When we choose- whenever we choose- to get COVID under control, there’s an exciting new world awaiting us. One, not only without constant COVID reinfection, but where our kids can grow up free of colds, flus, RSV, and many other common bugs. And no, contrary to what you may have heard, staying healthy (shockingly enough) is not bad for children!

Once we choose to institute ventilation standards and introduce new technologies like Far UVC lighting- and embrace masking as an easy, kind, and useful tool to control outbreaks- we can bring every nasty airborne pathogen under control the way we did cholera. We didn’t have the science before; now we do. (I mean that quite literally; I can’t recommend enough the linked Wired article cataloguing the long journey to establishing that Covid is, indeed, airborne).

We face a stark choice; down one road, the one with zero infrastructure upgrades, no air quality regulations, and Covid safety only for those who can afford it, you and your family will get Covid this year. You will get Covid next year. You will continue to get Covid over and over and over again, as the health problems - like cardiac damage, viral persistance, and immune system dysfunction- continue to build up. (The billionaires, of course, will not).

Down the other road, we quite simply treat ourselves the way Davos would. We engage with what the science is telling us and we build a safer, better world for our kids. We embrace the lessons this pandemic is teaching us, and let go of things we now know are harming people. We stop clinging desperately to the idea that 2019 will come back if we just get the virus one more time, and we come together to achieve what we’ve been told is impossible: elimination.

The economic elite thrive on our divisiveness and blame casting. They don’t mind that we’re calling each other names, engaging in racial stereotyping, or leaving disabled people to die, so long as we keep their machine running. But we can choose to stop throwing blame at each other, and direct it where it belongs: at the powerful people who’ve left us to suffer, at the politicians who are whipping people into a frenzy over masks instead of over our millions of dead, at the talking heads on TV that work so hard to convince us: you want to get sick. It’s better than being a *weirdo* or a *hold out*.

We needn’t wait 43 years to redirect our energies. France and Belgium have already introduced new air quality standards, and DIY projects to build Corsi-Rosenthal boxes for schools and healthcare settings have popped up around the country. We have the science, we have the technology. All we need now is the political will and the solidarity to truly end the pandemic- the kind of solidarity the super rich always show with one another.

The billionaires at Davos don’t accept continual Covid reinfection. They demand better. It’s time we demand better too.

#covid #covid 19 #covid prevention #davos world economic forum #world economic forum #forever covid

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mostlysignssomeportents · 3 months

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The super-rich got that way through monopolies

Catch me in Miami! I'll be at Books and Books in Coral Gables on Jan 22 at 8PM.

Just in time for Davos, here's 'Taken, not earned: How monopolists drive the world’s power and wealth divide," a report from a coalition of international tax justice and anti-corporate activist groups:

https://www.balancedeconomy.net/wp-content/uploads/2024/01/Davos-Taken-not-Earned-full-Report-2024-FINAL.pdf

The rise of monopolies over the past 40 years came about as the result of specific, deliberate policy choices. As the report documents, the wealthiest people in America funneled a fortune into neutering antitrust enforcement, through the "consumer welfare" doctrine.

This is an economic theory that equates monopolies with efficiency: "If everyone is buying the same things from the same store, that tells you the store is doing something right, not something criminal." 40 years ago, and ever since, the wealthy have funded think-tanks, university programs and even "continuing education" programs for federal judges to push this line:

https://pluralistic.net/2021/08/13/post-bork-era/#manne-down

They didn't do this for ideological reasons – they were chasing material goals. Monopolies produce vast profits, and those profits produce vast wealth. The rise and rise of the super rich cannot be decoupled from the rise and rise of monopolies.

If you're new to this, you might think that "monopoly" only refers to a sector in which there is only one seller. But that's not what economists mean when they talk about monopolies and monopolization: for them, a monopoly is a company with power. Economists who talk about monopolies mean companies that "can act independently without needing to consider the responses of competitors, customers, workers, or even governments."

One way to measure that power is through markups ("the difference between the selling price of goods or services and their cost"). Very large companies in concentrated industries have very high markups, and they're getting higher. From 2017-22, the 20 largest companies in the world had average markups of 50%. The 100 largest companies average 43%. The smallest half of companies get average markups of 25%.

Those markups rose steeply during the covid lockdowns – and so did the wealth of the billionaires who own them. Tech billionaires – Bezos, Brin and Page, Gates and Ballmer – all made their fortunes from monopolies. Warren Buffet is a proud monopolist who says "the single most important decision in evaluating a business is pricing power… if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business."

We are living in the age of the monopoly. In the 1930s, the top 0.1% of US companies accounted for less than half of America's GDP. Today, it's 90%. And it's accelerating, with global mergers climbing from 2,676 in 1985 to 62,000 in 2021.

Monopoly's cheerleaders claim that these numbers vindicate them. Monopolies are so efficient that everyone wants to create them. Those efficiencies can be seen in the markups monopolies can charge, and the profits they can make. If a monopoly has a 50% markup, that's just the "efficiency of scale."

But what is the actual shape of this "efficiency?" How is it manifest? The report's authors answer this with one word: power.

Monopolists have the power "to extract wealth from, to restrict the freedoms of, and to manipulate or steer the vastly larger numbers of losers." They establish themselves as gatekeepers and create chokepoints that they can use to raise prices paid by their customers and lower the payout to their suppliers:

https://chokepointcapitalism.com/

These chokepoints let monopolies usurp "one of the ultimate prerogatives of state power: taxation." Amazon sellers pay a 51% tax to sell on the platform. App Store suppliers pay a 30% tax on every dollar they make with their apps. That translates into higher costs. Consider a good that costs $10 to make: the bottom 50% of companies (by size) would charge $12.50 for that product on average. The largest companies would charge $15. Thus monopolies don't just make their owners richer – they make everyone else poorer, too.

This power to set prices is behind the greedflation (or, more politely, "seller's inflation"). The CEOs of the largest companies in the world keep getting on investor calls and bragging about this:

https://pluralistic.net/2023/03/11/price-over-volume/#pepsi-pricing-power

The food system is incredibly monopolistic. The Cargill family own the largest commodity trader in the world, which is how they built up a family fortune worth $43b. Cargill is one of the "ABCD" companies ("Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus") that control the world's food supply, and they tripled their profits during the lockdown.

Monopolies gouge everyone – even governments. Pfizer charged the NHS £18-22/shot for vaccines that cost £5/shot to make. They took the British government for £2bn – that's enough to pay last year's pay hike for NHS nurses, six times over,

But monopolies also abuse their suppliers, especially their employees. All over the world, competition authorities are uncovering "wage fixing" and "no poaching" agreements among large firms, who collude to put a cap on what workers in their sector can earn. Unions report workers having their pay determined by algorithms. Bosses lock employees in with noncompetes and huge repayment bills for "training":

https://pluralistic.net/2022/08/04/its-a-trap/#a-little-on-the-nose

Monopolies corrupt our governments. Companies with huge markups can spend some of that money on lobbying. The 20 largest companies in the world spend more than €155m/year lobbying in the US and alone, not counting the money they spend on industry associations and other cutouts that lobby on their behalf. Big Tech leads the pack on lobbying, accounting for 82% of EU lobbying spending and 58% of US lobbying.

One key monopoly lobbying priority is blocking climate action, from Apple lobbying against right-to-repair, which creates vast mountains of e-waste, to energy monopolist lobbying against renewables. And energy companies are getting more monopolistic, with Exxonmobil spending $65b to buy Pioneer and Chevron spending $60b to buy Hess. Many of the world's richest people are fossil fuel monopolists, like Charles and Julia Koch, the 18th and 19th richest people on the Forbes list. They spend fortunes on climate denial.

When people talk about the climate impact of billionaires, they tend to focus on the carbon footprints of their mansions and private jets, but the true environmental cost of the ultra rich comes from the anti-renewables, pro-emissions lobbying they buy with their monopoly winnings.

The good news is that the tide is turning on monopolies. A coalition of "businesses, workers, farmers, consumers and other civil society groups" have created a "remarkably successful anti-monopoly movement." The past three years saw more regulatory action on corporate mergers, price-gouging, predatory pricing, labor abuses and other evils of monopoly than we got in the past 40 years.

The business press – cheerleaders for monopoly – keep running editorials claiming that enforcers like Lina Khan are getting nothing done. Sure, WSJ, Khan's getting nothing done – that's why you ran 80 editorial about her:

https://pluralistic.net/2023/07/14/making-good-trouble/#the-peoples-champion

(Khan's winning like crazy. Just last month she killed four megamergers:)

https://www.thesling.org/the-ftc-just-blocked-four-mergers-in-a-month-heres-how-its-latest-win-fits-into-the-broader-campaign-to-revive-antitrust/

The EU and UK are taking actions that would have been unimaginable just a few years ago. Canada is finally set to get a real competition law, with the Trudeau government promising to add an "abuse of dominance" rule to Canada's antitrust system.

Even more exciting are the moves in the global south. In South Africa, "competition law contains some of the most progressive ideas of all":

It actively seeks to create greater economic participation, particularly for ‘historically disadvantaged persons’ as part of its public interest considerations in merger decisions.

Balzac wrote, "Behind every great fortune there is a crime." Chances are, the rapsheet includes an antitrust violation. Getting rid of monopolies won't get rid of all the billionaires, but it'll certainly get rid of a hell of a lot of them.

I'm Kickstarting the audiobook for The Bezzle, the sequel to Red Team Blues, narrated by @wilwheaton! You can pre-order the audiobook and ebook, DRM free, as well as the hardcover, signed or unsigned. There's also bundles with Red Team Blues in ebook, audio or paperback.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/01/17/monopolies-produce-billionaires/#inequality-corruption-climate-poverty-sweatshops

#billionaires #wef #climate #monopoly #world economic forum #competition #antitrust #consumer welfare #inequality #corruption #davos #guillotine watch

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