Robert Owen
@petit-a.bsky.social
Gen X phd, thrown into the briar patch of commerce.
Have a wonderful day.
Pseudonym.
Have a wonderful day.
Pseudonym.
I used ChatGPT to order a ham for Christmas.
December 4, 2025 at 2:42 AM
I used ChatGPT to order a ham for Christmas.
My liberal friends say that Clinton was somebody once, but I can't remember who she was supposed to be.
December 4, 2025 at 12:07 AM
My liberal friends say that Clinton was somebody once, but I can't remember who she was supposed to be.
But the liquidity difference between cash and a one-day t-bill is very near zero. So, what's the difference during a run?
They either have the money -- or it's bailout time again.
They either have the money -- or it's bailout time again.
December 2, 2025 at 8:13 AM
But the liquidity difference between cash and a one-day t-bill is very near zero. So, what's the difference during a run?
They either have the money -- or it's bailout time again.
They either have the money -- or it's bailout time again.
I don't follow this. The risk with stable coins is that they will be under capitalized during a run. How does a one-day T-bill address that?
December 2, 2025 at 7:18 AM
I don't follow this. The risk with stable coins is that they will be under capitalized during a run. How does a one-day T-bill address that?
You are right of course. And I've only been in these No Kings marches, which are obviously very co-optable. I may just be looking at the wrong thing.
November 29, 2025 at 5:02 PM
You are right of course. And I've only been in these No Kings marches, which are obviously very co-optable. I may just be looking at the wrong thing.
The system stays in this accursed loop because there is no clear class politics. I’ve been in protests this year, but they were almost all defined by Trump.
Without Trump — I’m afraid it’s — poof — back to business as usual: Abundance neoliberalism.
DSA politics excepted, obviously.
Without Trump — I’m afraid it’s — poof — back to business as usual: Abundance neoliberalism.
DSA politics excepted, obviously.
November 29, 2025 at 4:34 PM
The system stays in this accursed loop because there is no clear class politics. I’ve been in protests this year, but they were almost all defined by Trump.
Without Trump — I’m afraid it’s — poof — back to business as usual: Abundance neoliberalism.
DSA politics excepted, obviously.
Without Trump — I’m afraid it’s — poof — back to business as usual: Abundance neoliberalism.
DSA politics excepted, obviously.
Oh sure, and BLM had huge crowds.
But, that energy has to transform into electoral politics, or it fizzles out. That’s when entrenched money gets its revenge.
This is all ultimately about money power. Until a movement turns toward actual power, it’s just dancing in the streets.
But, that energy has to transform into electoral politics, or it fizzles out. That’s when entrenched money gets its revenge.
This is all ultimately about money power. Until a movement turns toward actual power, it’s just dancing in the streets.
November 29, 2025 at 3:58 PM
Oh sure, and BLM had huge crowds.
But, that energy has to transform into electoral politics, or it fizzles out. That’s when entrenched money gets its revenge.
This is all ultimately about money power. Until a movement turns toward actual power, it’s just dancing in the streets.
But, that energy has to transform into electoral politics, or it fizzles out. That’s when entrenched money gets its revenge.
This is all ultimately about money power. Until a movement turns toward actual power, it’s just dancing in the streets.
Sounds like capitalism — nobody is in charge and people are killed for nothing.
Maybe the Invisible Hand is an axe murderer. 🪓
Maybe the Invisible Hand is an axe murderer. 🪓
November 29, 2025 at 7:05 AM
Sounds like capitalism — nobody is in charge and people are killed for nothing.
Maybe the Invisible Hand is an axe murderer. 🪓
Maybe the Invisible Hand is an axe murderer. 🪓
Sure, I am one of those. And we add up to a very small percentage of the population.
50% of Americans have nothing — and there isn’t really a politics that addresses that.
That’s how a fraud got elected — he moved into a vacuum.
50% of Americans have nothing — and there isn’t really a politics that addresses that.
That’s how a fraud got elected — he moved into a vacuum.
November 28, 2025 at 5:55 PM
Sure, I am one of those. And we add up to a very small percentage of the population.
50% of Americans have nothing — and there isn’t really a politics that addresses that.
That’s how a fraud got elected — he moved into a vacuum.
50% of Americans have nothing — and there isn’t really a politics that addresses that.
That’s how a fraud got elected — he moved into a vacuum.
Skyrocketing inequality created the material foundation for mass disillusionment with the American system. Assets get bailed out (market go up), and most people get left behind.
As far as I know, Democrats have no theory/critique of that political economy. Mamdani and Khan excepted, obviously.
As far as I know, Democrats have no theory/critique of that political economy. Mamdani and Khan excepted, obviously.
November 28, 2025 at 5:49 PM
Skyrocketing inequality created the material foundation for mass disillusionment with the American system. Assets get bailed out (market go up), and most people get left behind.
As far as I know, Democrats have no theory/critique of that political economy. Mamdani and Khan excepted, obviously.
As far as I know, Democrats have no theory/critique of that political economy. Mamdani and Khan excepted, obviously.
I’m just thinking about the material base of resistance. The Dem Party is dominated by people making over $100K/year and heavily invested in stock (i.e. the economic system that created this mess).
Thus the Party doesn’t seem to be a natural base of resistance to this (fascist) move in capital.
Thus the Party doesn’t seem to be a natural base of resistance to this (fascist) move in capital.
November 28, 2025 at 4:48 PM
I’m just thinking about the material base of resistance. The Dem Party is dominated by people making over $100K/year and heavily invested in stock (i.e. the economic system that created this mess).
Thus the Party doesn’t seem to be a natural base of resistance to this (fascist) move in capital.
Thus the Party doesn’t seem to be a natural base of resistance to this (fascist) move in capital.
It’s the colonial boomerang. 🪃
November 28, 2025 at 7:08 AM
It’s the colonial boomerang. 🪃
As long as the US stock market holds up, there’s not going to be much resistance.
It’s all one thing, and until that “‘market” blows out — there will just be more killing — and making money.
It’s all one thing, and until that “‘market” blows out — there will just be more killing — and making money.
November 28, 2025 at 7:07 AM
As long as the US stock market holds up, there’s not going to be much resistance.
It’s all one thing, and until that “‘market” blows out — there will just be more killing — and making money.
It’s all one thing, and until that “‘market” blows out — there will just be more killing — and making money.
So you wrote an entire article about nothing?
November 28, 2025 at 5:27 AM
So you wrote an entire article about nothing?
Americans love to “save the system.”
Most of my educated friends really believe that equity holders had to be bailed out in 2008 and 2020 — or the world would have ended.
During the next crisis, sure as the sun sets, the Fed will get authority to buy equities at scale.
Most of my educated friends really believe that equity holders had to be bailed out in 2008 and 2020 — or the world would have ended.
During the next crisis, sure as the sun sets, the Fed will get authority to buy equities at scale.
November 27, 2025 at 7:02 AM
Americans love to “save the system.”
Most of my educated friends really believe that equity holders had to be bailed out in 2008 and 2020 — or the world would have ended.
During the next crisis, sure as the sun sets, the Fed will get authority to buy equities at scale.
Most of my educated friends really believe that equity holders had to be bailed out in 2008 and 2020 — or the world would have ended.
During the next crisis, sure as the sun sets, the Fed will get authority to buy equities at scale.
Greece was turned into a big Airbnb by the ECB.
So, they are used to madness.
So, they are used to madness.
November 27, 2025 at 12:47 AM
Greece was turned into a big Airbnb by the ECB.
So, they are used to madness.
So, they are used to madness.
Markets want free cheese. 🧀
November 26, 2025 at 6:46 AM
Markets want free cheese. 🧀
From the outside, it’s interesting to watch a former colonial empire colonize itself like this.
November 25, 2025 at 10:23 PM
From the outside, it’s interesting to watch a former colonial empire colonize itself like this.
Well, they succeeded in turning Greece into a big Airbnb, so it all has a happy ending.
November 25, 2025 at 5:34 PM
Well, they succeeded in turning Greece into a big Airbnb, so it all has a happy ending.
We all know how this ends: assets crash and the government prints money to “save the system.”
America has been on repeat for decades.
America has been on repeat for decades.
November 25, 2025 at 6:11 AM
We all know how this ends: assets crash and the government prints money to “save the system.”
America has been on repeat for decades.
America has been on repeat for decades.
NYT is like the DNC — it represents educated asset holders — who are doing just fine in this regime.
November 25, 2025 at 5:58 AM
NYT is like the DNC — it represents educated asset holders — who are doing just fine in this regime.
The flip of that is that universities are also now effectively limited in how much they can charge those students.
Universities raise prices to capture the maximum amount of loan dollars available. They don’t care what that debt does to students.
Universities raise prices to capture the maximum amount of loan dollars available. They don’t care what that debt does to students.
November 25, 2025 at 5:22 AM
The flip of that is that universities are also now effectively limited in how much they can charge those students.
Universities raise prices to capture the maximum amount of loan dollars available. They don’t care what that debt does to students.
Universities raise prices to capture the maximum amount of loan dollars available. They don’t care what that debt does to students.
If you want to go all the way back on money and speech — start with Taft-Hartley.
November 24, 2025 at 1:18 AM
If you want to go all the way back on money and speech — start with Taft-Hartley.
That 60s civil rights generation also mobilized at a time when labor was extremely spatially concentrated physically (factories, offices).
I often wonder if the material base is there for real resistance now.
Where is the working class— spatially?
I often wonder if the material base is there for real resistance now.
Where is the working class— spatially?
November 24, 2025 at 1:15 AM
That 60s civil rights generation also mobilized at a time when labor was extremely spatially concentrated physically (factories, offices).
I often wonder if the material base is there for real resistance now.
Where is the working class— spatially?
I often wonder if the material base is there for real resistance now.
Where is the working class— spatially?