Bernie wants a word
OK, I am making a culture reference that is 32 f%$#ing years old, so for
any reader(s) who are too young to remember, I am referring to a, "Sister Souljah moment," which was Bill Clinton attacked at a speech that he delivered at a
Rainbow Coalition which attacked her when she made some rather inflammatory
comments in the context of the Rodney King riots.
This was a conscious decision by the Bill Clinton campaign, which had decided
to pick a fight with some (ANY!) African American figure in an appeal
to centrists. (Actually an appeal to racists)
Sister Souljah is an African American rapper, Author, activist, producer and
poet.
So, on to the fat-ass white billionaire, Reid Hoffman, founder of LinkedIn,
who has
donated $10 million to the Harris campaign and then demanded that Lina Khan
be fired.
So, what can be done about this nakedly corrupt self-absorbed mother f%$#er
beyond calling him a self-absorbed mother f%$#er?
Well, I'm kind of a glass half full guy on this, and I would say that were
Harris and surrogates to condemn him by name, this would be a good thing.
If they were to do so, they would be signaling to their base that they are not
beholden to the Silly Con Valley tech bros, whose reputation has lost much of
its luster lately.
One of the concerns about Harris is that she is too deferential to the Tech Bros,
and going after one of them by name would both good policy and good politics for Harris.
By way context, Reid Hoffman, while arguably the least awful human being in
the PayPal Mafia, (Low f%$#ing bar) is a contemptible human being.
Among other things he has extolled monopoly power, he calls it, "Dominance,"
because once they have crushed all the competition by hook and crook, they can
do good things.
Here's a clue for everyone, if a company breaks the law and discriminates as a
start up, they will do so as a unicorn, and as a monopoly. Evil gets
baked in, and the formation of a monopoly or an oligopoly demands evil people
with contempt for the law.
Matt Stoller has his number. (At link above)
As I’ve written, for the last few weeks, there has been a campaign among
big business advocates to eliminate the new trade, antitrust, and labor
policies put in place over the last five years or so. When Kamala Harris
took over the Democratic nomination from Joe Biden, that campaign ramped
up.
A few days ago, billionaire LinkedIn founder Reid Hoffman gave
$10 million to the Kamala Harris effort, and promised a lot more. Hoffman
is a Silicon Valley titan, part of the “PayPal mafia” that includes Peter
Thiel and Elon Musk, though Hoffman sits on the Democratic side of the
aisle. This morning, Hoffman went on CNN and issued demands. Harris must
end Biden’s tariff and antitrust regimes, he said, and fire Federal Trade
Commission Chair Lina Khan.………
The FTC is investigating Microsoft. Hoffman is a member of Microsoft's
board of directors.
Hmmm.
………
………
Very few people in official Washington have even noticed, beyond the usual suspects of Bernie Sanders and Elizabeth Warren:
………
So far, Hoffman’s demand has been met with disinterest from the
political press and a muted response from labor and progressive groups,
who have mostly endorsed Harris and are enthusiastically celebrating
her candidacy. There are a few exceptions. Senator Bernie Sanders chimed
in angrily about Hoffman’s demand, and Senator Elizabeth Warren offered
an endorsement of Khan. A pharmacist group
also weighed in, and there will likely be more statements as the news
filters through a very confused media environment, as Khan has a lot of
fans (including in tech, she’s speaking at YCombinator today to a packed room).
Also, Hoffman has written about the juxtaposition of business and politics, where he shows himself to be the glioblastoma of the body politic:
………
Hoffman laid out his political philosophy in 2018 in what seems like a business book, one titled Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies.
In it, Hoffman analyzed the rise of companies like Uber, Google,
Microsoft, AirBNB, Amazon, Apple, and so forth, argued that
monopolization through cheap capital and lawbreaking is socially
beneficial, and that such firms should be admired for their mergers and
acquisitions strategies and network effects that thwart rivals. When
looking at which firms to laud, Hoffman knew to avoid using the term
‘monopoly,’ substituting the word ‘dominant,’ which he puts in his book
29 times as a positive affirmation.
Hoffman might seem to
be simply expounding about commerce, but in fact he is oriented around
politics. Hoffman believes the goal of any entrepreneur is to ignore
everything except growing so quickly that a business elevates itself to
sovereign levels of global power. He even uses the terms “Nation” and
“City” to describe such a corporation. Once there, they must become good
corporate citizens. “If you previously ignored issues such as
diversity, legal compliance, or social justice,” he writes, “you need to
understand that all eyes are now on you, and you'll be expected to
behave as a responsible citizen and role model.”
Such a statement
is a rebuke of some basic elements of our social order. After all, what
does it mean to ignore issues such as “legal compliance” until you’ve
built dominant market power? Well, that’s as close as you can get to
saying that breaking the law to form a dominant corporation is virtuous.
There’s an expression that behind every great fortune is a crime and
Hoffman is basically saying that yes, that’s true, except such crimes
are good if they are paired with diversity mandates, statements about
social justice, and legal compliance regimes.
………
The only upside here is that Hoffman is being very public, aggressive, and explicit about his demands. And he’s going to corner Harris until she kisses the ring, or refuses to do so. From his perspective, he’s not donating $10 million, he’s making a purchase. Or so he thinks. Now it’s up to Harris to make the choice. Does she have Silicon Valley donors, or Silicon Valley owners?
Seriously, going after Hoffman is a no lose proposition, so do it.