
Senior Fellow for Antimonopoly and Finance @demandprogress. 🤟🏼 👩🦰 👧🏼 👦🏼 + friends, 🏃♂️ in Takoma Park, MD. I study 🇩🇪 history, hauntingly relevant.
Takoma Park, MD
Joined February 2009
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“We must embrace the antimonopoly spirit that has animated American debates about finance for more than 250 years.”
This article lays out how Dodd-Frank failed, and why antimonopoly thinking can animate a response the next time Wall Street crashes the economy. 1/17
Carter Dougherty retweeted
There is something deeply wrong with a political system that allows one trillionaire to buy his own personal U.S. Senator.
Carter Dougherty retweeted
I’m assuming this is a rhetorical inquiry, Michael. Little Marco is a figure head. They trot him out to defend the indefensible, keep giving him titles like acting administrator of AID and national security advisor to make him happy, and assume he’ll follow orders. 1
Carter Dougherty retweeted
A big thank you to Trump’s SEC for its rules this summer allowing data center debt to be securitized. Since 2008 was so fun.
Go after the enablers. They'll persist long after Trump has retired to Mar-a-Lago or wherever the fukk he goes
Carter Dougherty retweeted
Private equity investors and other companies increasingly control youth sports leagues. No kid should be shut out of sports because of price gouging or greed. xitter.cf/MorePerfectUS/status/2…
Free newsletter: I estimate that ~50% of AI chip sales - $200bn to $300bn+ - are sitting in warehouses, with NVIDIA selling hundreds of billions of GPUs years in advance. Data centers take way longer to build than hyperscalers are leading us to believe.
wheresyoured.at/wherere-all-…
Carter Dougherty retweeted
“A two-decade fight with monopoly power in the payment system has arrived at a moment of truth, boiling down to one simple question: will the courts bless price-fixing? Let’s hope not,” Demand Progress Senior Fellow Carter Dougherty says.
#creditcard #swipefees @demandprogress @monthly @Visa @Mastercard @CarterD tinyurl.com/ew9z3rkk
Oh, look: megabanks protecting their control of your deposits 1/2 ft.com/content/f49c8e39-f07f…
Not so long ago Wall Street analysts were hyping the ability of agentic AI to move money out of deposits 2/2 levernews.com/the-financial-…
Carter Dougherty retweeted
Meta took down the No Kings organizing page today - the biggest day of protest this fall. They provided zero explanation. It stayed down for the entire afternoon until most of the protests were done.
Outrageous. Put this on the January investigation list.
Carter Dougherty retweeted
Ben Affleck says AI is simply matrix multiplication, linear algebra and floating point calculations, and however convincingly it sounds like a person, it has nothing to do with thought, humanity or feeling
“Nor do I believe, and I think it’s important to draw the distinction between what AI does, which is simply predict the next token or the next word in a sentence, then add that word on, run it back to the machine, do a lot of computation and pick the next word."
"That is a very different thing than sentience or thought. And I think we need to be really clear about that because it can be convincingly, in an illusory way, sound like thought or like a person."
"But let’s be real clear. This is matrix multiplication. This is linear algebra. These are floating point calculations. It has nothing to do with thought, humanity, or feeling.”
Ben Affleck reveals he writes Python, understands convolutional neural networks, worked extensively with GPUs, and used his celebrity status to get private looks at Google and OpenAI’s video models
“I’ve always been kind of into computers since I was young. Then, when film started to move from analog film to digital, I became more interested in that aspect of it. The visual-effects workflow for many years has included machine learning, so I can write pretty shitty Python scripts and stuff like that.
“With convolutional neural networks, which were the precursors to what the transformer can do, which is much more computation simultaneously, you would do things like look at what’s called a tensor. That’s the numerical translation of a visual image in numbers, like the batch number, the frame number and the red, green and blue values of each pixel in each frame. It’s just that simple. That numeric is called a tensor.
“You’d use a convolutional neural network to identify patterns that reveal what’s called edge detection or feature extraction, which is identifying patterns well enough to know, this is where the window ledge is, so we can more easily take the green-screen image out and replace it with something.
“That was familiar to me early on because, prior to Artists Equity, I had a small visual-effects company. I’ve worked with GPUs a lot too. The visual-effects guys said, ‘Hey, you should see. There are a couple: Google and this other company, OpenAI, are doing really interesting stuff with transformers in video.’
“I’ve learned that I can actually just call up and go, ‘Hey, it’s Ben Affleck. Can I come see what you’re doing?’ Sometimes people say yes, to my astonishment.”
Carter Dougherty retweeted
Reminder: life insurers are backstopped by taxpayers.
Carter Dougherty retweeted
“.. Nearly three-quarters said they struggled to pay for food, housing, medical care or daily transportation in the past year compared with 13 percent of upper-income adults.”
@nytimes
nytimes.com/2026/10/14/busin…
Carter Dougherty retweeted
Andreessen has been running the same playbook for at least the past 22 years. Claim to be a Dem, but say the party's anti-business positions forced him into the arms of Republicans. At what point do journalists stop falling for it and just start recognizing hium for what he is?
The famous investor Marc Andreessen has said the Biden administration pushed him to the political right, but sources say his grievances don't always match reality. bloomberg.com/news/features/…
Carter Dougherty retweeted
Over the past few years, corporate profits as a share of GDP have continued to increase. Many companies have been able to raise prices far more than their increased costs. Some of this is "excuseflation."
Rather than everyone sharing the pain, wage-earners, consumers, and small businesses are bearing the brunt of it. Washington is largely ignoring this.
bloomberg.com/news/articles/…
Carter Dougherty retweeted
This is the result of 7+ years of Trump's attacks on @Ilhan, Somali-Americans, & the Muslim community.
Everyone, regardless of party, must speak out against this fascistic abuse of power.
If they can do this to a sitting Congresswoman, they can & will do it to anyone.
BREAKING WSJ:
The Trump admin's investigation into Rep. Ilhan Omar is aimed at building a case to strip her of her U.S. citizenship and ultimately deport her, according to U.S. officials and other people familiar with the probe. wsj.com/politics/policy/ilha…
Securing durable change after Wall Street wrecks the economy is never easy. Now is the time to improve the odds by ensuring that the spirit of a revived antimonopoly movement animates our response to the next financial collapse. @DemJournal democracyjournal.org/magazin…































