Laurie Garrett Profile picture
Jul 19, 2018 10 tweets 4 min read Twitter logo Read on Twitter
. @BarackObama gave an historic speech in #SouthAfrica. Highlights:
Globalization sired, "an explosion in economic inequality. It’s meant that a few dozen individs control the same amt of wealth as the poorest 1/2 of humanity. That’s not an exaggeratn; that’s a statistic."
[MORE]
[2] #Obama
"In many middle-income & devel'ing countries, new wealth has just tracked the old bad deal that people got, bcuz it reinforced or even compounded existing patterns of inequality; the only diff is it created even greater opps for corruption on an epic scale."
[MORE]
[3] #Obama
"And for once solidly middle-class families in advanced economies like the US, these trends have meant >er economic insecurity, especially for those who don’t have specialized skills, people who were in manufacturing, working in factories, working on farms."
[MORE]
[4] #Obama
"In every country...the disproportionate economic clout of those @ the top has provided these individs w/wildly disproportionate influence on their countries’ political life & on its media; on what policies are pursued & whose interests end up being ignored."
[MORE]
[5] #Obama
"many titans of industry and finance are increasingly detached from any single locale or nation-state, and they live lives more and more insulated from the struggles of ordinary people in their countries of origin. Their decisions are made without reference..."
[MORE]
[6] #Obama
"...to notions of human solidarity or a ground-level understanding of the consequences that will be felt by particular people in particular communities. And from their boardrooms or retreats, global decision-makers don’t get a chance to see the pain..."
[MORE]
[7] #Obama
"...in the faces of laid-off workers. Their kids don’t suffer when cuts in public education & health care result as a consequence of a reduced tax base because of tax avoidance. They can’t hear the resentment of an older tradesman when he complains..."
[MORE]
[8] #Obama
"...that a newcomer doesn’t speak his language on a job site where he once worked. They’re less subject to the discomfort & displacement that some of their countrymen may feel as #globalization scrambles not only existing economic arrangements but traditional.."
[MORE]
[9] #Obama
"...social & religious mores.
Which is why, at the end of the 20th century, while some Western commentators were declaring the end of history & the inevitable triumph of liberal democracy & the virtues of the global supply chain,..."
[MORE]
[10] #Obama
"...so many missed signs of a brewing backlash:"
9/11 and the emergence of transnational terrorist networks
Russia feeling threatened
China, imperialism under a new name
Right-wing billionaires intent on reducing govt constraints on their business interests
[MORE]

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More from @Laurie_Garrett

Oct 3, 2018
The @WHO DG @DrTedros addressed @UN Security Council today abt #Ebola in #DRCongo. Highlights:
"First, the security situation. Even when I was in Beni at the beginning of the outbreak, there was an attack just 15 kms frm the town. Since then there has been an increase.."
[MORE]
[2]
"...in the frequency & intensity of attacks by armed groups in very close vicinity to Beni. These include a full-scale attack on the #DRC armed forces base on 24Aug, ambushes on MONUSCO on Sept 3 & 9, a rocket explosion in the centre of Beni on Sept11 & an..."
[MORE]
[3]
"...indiscriminate attack on Beni town just 10 dys ago, Sept22.
As a result of the most recent attacks, which killed 21 people, our operations were in lockdown for several dys. But when we’re in lockdown, you know
#Ebola is not. Ebola gets an advantage."
[MORE]
Read 8 tweets
Oct 3, 2018
The 11 take-home messages from @nytimes massive investigation of #Trump Family wealth:
1.) The Trumps’ tax maneuvers show a pattern of deception,
2.) Donald Trump began reaping wealth from his father’s real estate empire as a toddler
[cont.2]
3.) That ‘small loan’ of $1 million was actually at least $60.7 million — much of it never repaid
4.) Fred Trump wove a safety net that rescued his son from one bad bet after another
5.) The Trumps turned an $11 million loan debt into a legally questionable tax write-off
[cont3]
6.) Father and son set out to create the myth of a self-made billionaire
7.) Donald Trump tried to change his ailing father’s will, setting off a family reckoning
8.) The Trumps created a company that siphoned cash from the empire
Read 5 tweets
Sep 19, 2018
New @OXFAM rpt "Prescription for Poverty" - how pharmaceutical cos hide their profits & pay off politicians to let it all happen: "result of using accounting tricks to deliberately shift profits from where they are actually earned to tax havens."
[MORE]
oxfamilibrary.openrepository.com/bitstream/hand…
2.) OXFAM: "@pfizer , @Merck & @AbbottGlobal are among the 20 US corporations with the greatest number of subsidiaries in tax havens; Johnson & Johnson is not far behind. All four were among the US corporations with the most money stashed overseas." untaxed.
[MORE]
3.) OXFAM: "at end of 2016, these 4 companies held $352 billion offshore.
Pharma 'profit-shifting' may = 'domiciling' a patent or rights to its brand not where drug was actually developed or where firm is HQ'ed, but
in a tax haven...presence may be as little as a mailbox."
[MORE]
Read 9 tweets
Sep 11, 2018
On 9/11 there are a few things I need to underscore.
1.) It came as no surprise to New Yorkers that #AlQaeda was responsible. I interviewed people as I made my way to Ground Zero that morning and EVERY one knew who was responsible.
[more]
To see much more, including photos: lgarrett.squarespace.com/i-heard-the-si…
and laurigarrett.com
[MORE]
2.) There are many reasons why the Twin Towers collapsed, architecturally. But overlooked were the huge number of computer servers. In 2001 there was no secure cloud storage, and floor after floor were filled with hot data towers.
[more]
Read 16 tweets
Sep 7, 2018
STOP whatever you're doing and watch this LIVE:
cbsnews.com/news/barack-ob…
@BarackObama stops his silence and is coming out slugging, max eloquence, "to restore some sanity to our politics."
Obama: "We know that #climatechange isn't just coming -- it's here."
"We can't just put walls up all around America. Walls don't keep out threats like terrorism or disease."
Obama: "I am here to tell you that even if you don't agree with me...even if you are an Evangelical...You should still want to see a restoration of honesty and decency and lawfulness in our government."
Read 5 tweets
Aug 21, 2018
Measles cases hit record high in the Europe

Over 41,000 children & adults in European region have been
infected w/#measles in the first 6 mos, 2018 -- far exceeds the 12-mo totals reported for every other year this decade. 37 dead.

euro.who.int/en/media-centr…>
Meanwhile, in the UK:
Between July2017 & June2018 just under 1000 cases of #measles in Britain, vs 531 cases for the whole of 2016.
There have been 760 cases in the 1st 6 mos of 2018 in the UK, versus 187 in the last half of 2017.
mirror.co.uk/news/uk-news/r…
and in UK: "Measles had virtually been eradicated in Britain before confidence in
the MMR #vaccine collapsed in the late 1990s after now-discredited Dr
Andrew Wakefield wrongly claimed the #measles, #mumps, and #rubella jab
was linked to autism."
mirror.co.uk/news/uk-news/r…
Read 5 tweets

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