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Israeli police detain a demonstrator who was participating in a vigil against the earlier arrests of some of leaders of the Arab-Israeli community, outside the Tel Aviv district police station on November 9, 2023.
Arab citizens of Israel "are now criminalized for simply sitting in their homes following the news on Gaza," lamented one professor.
Human rights and free speech advocates on Thursday decried Israeli lawmakers' passage of legislation criminalizing the viewing of social and other media supportive of the Palestinian resistance struggle.
Knesset lawmakers voted 13-4 to amend Article 24 of Israel's Counterterrorism Law—which prohibits "demonstrating identification with a terrorist organization and incitement to terrorism"—to include a temporary two-year ban on "systematic and continuous consumption of publications of a terrorist organization under circumstances that indicate identification with the terrorist organization."
The amendment identifies Hamas and Islamic State as terrorist groups and allows the Ministry of Justice to add more organizations to the list.
Offenders face up to one year behind bars. Videos posted on social media Thursday showed Israeli police at the home of an Arab Israeli woman informing her she was being arrested for allegedly "sharing content that sympathizes with and encourages terrorist actions... and supporting content that incites violence and terrorism."
Adalah-The Legal Center for Arab Minority Rights in Israel said in a statement that "this law is one of the most intrusive and draconian legislative measures ever passed by the Israeli Knesset, since it makes thoughts subject to criminal punishment" and "violates the constitutional right to freedom of speech and is used to muzzle legitimate political expression."
Adalah continued:
At a time when Israeli authorities are ramping up their campaign to stifle the freedom of expression of Palestinian citizens of Israel, conducting extensive surveillance of their online communications, and making unprecedented arrests for alleged speech-related offenses, the Israeli Knesset has enacted legislation that criminalizes even passive social media use. This legislation encroaches upon the sacred realm of an individual's personal thoughts and beliefs and significantly amplifies state surveillance of social media use. Adalah will petition the Supreme Court to challenge this law.
The New Israel Fund (NIF), a U.S.-based progressive advocacy group, called the amendment "dangerous" and "driven by far-right extremists intent on taking Israel backward."
NIF warned that "at a time when dissent is being crushed all over Israel, this law seeks to further silence any internal critics."
The group said the Counterterrorism Law already "has a history of discriminatory use" and "includes extremely blurry concepts" that "if read broadly could include... the entirety of Palestinian society."
Israel's Counterterrorism Law is rooted in the 1945 Emergency Rules enacted by British rulers of what was then called Mandatory Palestine amid a yearslong wave of terrorist attacks by Jewish militant groups targeting U.K. officials, British and Arab civilians, and even a ship full of Holocaust refugees. Many of its provisions remain in place today.
Even before the current war on Gaza, Israel's government faced international condemnation for designating humanitarian groups as "terrorist organizations."
In a joint statement, far-right Israeli Justice Minister Yariv Levin and Defense Minister Yoav Gallant said the amendment "will strengthen the administrative measures that can be used against the terrorist organizations and terrorist operatives, and will enable a more effective suppression of channels of recruitment, financing, and transfer of funds for terrorist purposes."
The 1.2 million Arab citizens of Israel are the descendants of the approximately 150,000 Palestinians allowed to remain in the country following the ethnic cleansing of over 750,000 of their compatriots during the foundation of the modern Israeli state. Although they officially enjoy equal rights under the law, human rights defenders in Israel and around the world say Arab Israelis live as second-class citizens due to structural discrimination.
Since the Hamas-led attacks on Israel last month that killed more than 1,400 civilians and soldiers, Palestinian citizens of Israel have faced a sweeping campaign of arrests for defending resistance against Israeli crimes including occupation, settler colonization, ethnic cleansing, apartheid, and a war in which Israeli forces have now killed over 10,800 people, while displacing 70% of the population of Gaza and obliterating much of the strip.
Many Arab Israelis have been fired from their jobs and face societywide attacks on freedom of speech and association. There is also widespread police harassment and intimidation, including arrests for protesting what even Israeli scholars are calling the "genocide" in Gaza.
Since October 7, more than 100 Palestinian citizens of Israel have been arrested for social media posts, including well-known singer and influencer Dalal Abu Amneh, who was accused of "incitement" for expressing online solidarity with the people of Gaza.
Critics say no one is immune from the Israeli crackdown on free speech, pointing to Thursday's arrest of former Knesset lawmakers for holding a peace vigil in Nazareth.
"Arresting Arab leaders is an alarming escalation by the government, revealing a perilous disregard for the entire Arab community," the Association for Civil Rights in Israel said on social media. "The police unjustly interfered with a protest vigil in Nazareth, violating freedom of expression and acting irresponsibly against the law."
"The past month represents an unprecedented juncture in the government's relationship with Arab society," the group added. "Despite the responsible leadership demonstrated within the Arab community, the minister of national security takes every measure to sow incitement and division."
Ironically, that minister—Itamar Ben-Gvir of the far-right Jewish Power party—was convicted in 2007 by an Israeli court of inciting racism and supporting terrorism.
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
Human rights and free speech advocates on Thursday decried Israeli lawmakers' passage of legislation criminalizing the viewing of social and other media supportive of the Palestinian resistance struggle.
Knesset lawmakers voted 13-4 to amend Article 24 of Israel's Counterterrorism Law—which prohibits "demonstrating identification with a terrorist organization and incitement to terrorism"—to include a temporary two-year ban on "systematic and continuous consumption of publications of a terrorist organization under circumstances that indicate identification with the terrorist organization."
The amendment identifies Hamas and Islamic State as terrorist groups and allows the Ministry of Justice to add more organizations to the list.
Offenders face up to one year behind bars. Videos posted on social media Thursday showed Israeli police at the home of an Arab Israeli woman informing her she was being arrested for allegedly "sharing content that sympathizes with and encourages terrorist actions... and supporting content that incites violence and terrorism."
Adalah-The Legal Center for Arab Minority Rights in Israel said in a statement that "this law is one of the most intrusive and draconian legislative measures ever passed by the Israeli Knesset, since it makes thoughts subject to criminal punishment" and "violates the constitutional right to freedom of speech and is used to muzzle legitimate political expression."
Adalah continued:
At a time when Israeli authorities are ramping up their campaign to stifle the freedom of expression of Palestinian citizens of Israel, conducting extensive surveillance of their online communications, and making unprecedented arrests for alleged speech-related offenses, the Israeli Knesset has enacted legislation that criminalizes even passive social media use. This legislation encroaches upon the sacred realm of an individual's personal thoughts and beliefs and significantly amplifies state surveillance of social media use. Adalah will petition the Supreme Court to challenge this law.
The New Israel Fund (NIF), a U.S.-based progressive advocacy group, called the amendment "dangerous" and "driven by far-right extremists intent on taking Israel backward."
NIF warned that "at a time when dissent is being crushed all over Israel, this law seeks to further silence any internal critics."
The group said the Counterterrorism Law already "has a history of discriminatory use" and "includes extremely blurry concepts" that "if read broadly could include... the entirety of Palestinian society."
Israel's Counterterrorism Law is rooted in the 1945 Emergency Rules enacted by British rulers of what was then called Mandatory Palestine amid a yearslong wave of terrorist attacks by Jewish militant groups targeting U.K. officials, British and Arab civilians, and even a ship full of Holocaust refugees. Many of its provisions remain in place today.
Even before the current war on Gaza, Israel's government faced international condemnation for designating humanitarian groups as "terrorist organizations."
In a joint statement, far-right Israeli Justice Minister Yariv Levin and Defense Minister Yoav Gallant said the amendment "will strengthen the administrative measures that can be used against the terrorist organizations and terrorist operatives, and will enable a more effective suppression of channels of recruitment, financing, and transfer of funds for terrorist purposes."
The 1.2 million Arab citizens of Israel are the descendants of the approximately 150,000 Palestinians allowed to remain in the country following the ethnic cleansing of over 750,000 of their compatriots during the foundation of the modern Israeli state. Although they officially enjoy equal rights under the law, human rights defenders in Israel and around the world say Arab Israelis live as second-class citizens due to structural discrimination.
Since the Hamas-led attacks on Israel last month that killed more than 1,400 civilians and soldiers, Palestinian citizens of Israel have faced a sweeping campaign of arrests for defending resistance against Israeli crimes including occupation, settler colonization, ethnic cleansing, apartheid, and a war in which Israeli forces have now killed over 10,800 people, while displacing 70% of the population of Gaza and obliterating much of the strip.
Many Arab Israelis have been fired from their jobs and face societywide attacks on freedom of speech and association. There is also widespread police harassment and intimidation, including arrests for protesting what even Israeli scholars are calling the "genocide" in Gaza.
Since October 7, more than 100 Palestinian citizens of Israel have been arrested for social media posts, including well-known singer and influencer Dalal Abu Amneh, who was accused of "incitement" for expressing online solidarity with the people of Gaza.
Critics say no one is immune from the Israeli crackdown on free speech, pointing to Thursday's arrest of former Knesset lawmakers for holding a peace vigil in Nazareth.
"Arresting Arab leaders is an alarming escalation by the government, revealing a perilous disregard for the entire Arab community," the Association for Civil Rights in Israel said on social media. "The police unjustly interfered with a protest vigil in Nazareth, violating freedom of expression and acting irresponsibly against the law."
"The past month represents an unprecedented juncture in the government's relationship with Arab society," the group added. "Despite the responsible leadership demonstrated within the Arab community, the minister of national security takes every measure to sow incitement and division."
Ironically, that minister—Itamar Ben-Gvir of the far-right Jewish Power party—was convicted in 2007 by an Israeli court of inciting racism and supporting terrorism.
Human rights and free speech advocates on Thursday decried Israeli lawmakers' passage of legislation criminalizing the viewing of social and other media supportive of the Palestinian resistance struggle.
Knesset lawmakers voted 13-4 to amend Article 24 of Israel's Counterterrorism Law—which prohibits "demonstrating identification with a terrorist organization and incitement to terrorism"—to include a temporary two-year ban on "systematic and continuous consumption of publications of a terrorist organization under circumstances that indicate identification with the terrorist organization."
The amendment identifies Hamas and Islamic State as terrorist groups and allows the Ministry of Justice to add more organizations to the list.
Offenders face up to one year behind bars. Videos posted on social media Thursday showed Israeli police at the home of an Arab Israeli woman informing her she was being arrested for allegedly "sharing content that sympathizes with and encourages terrorist actions... and supporting content that incites violence and terrorism."
Adalah-The Legal Center for Arab Minority Rights in Israel said in a statement that "this law is one of the most intrusive and draconian legislative measures ever passed by the Israeli Knesset, since it makes thoughts subject to criminal punishment" and "violates the constitutional right to freedom of speech and is used to muzzle legitimate political expression."
Adalah continued:
At a time when Israeli authorities are ramping up their campaign to stifle the freedom of expression of Palestinian citizens of Israel, conducting extensive surveillance of their online communications, and making unprecedented arrests for alleged speech-related offenses, the Israeli Knesset has enacted legislation that criminalizes even passive social media use. This legislation encroaches upon the sacred realm of an individual's personal thoughts and beliefs and significantly amplifies state surveillance of social media use. Adalah will petition the Supreme Court to challenge this law.
The New Israel Fund (NIF), a U.S.-based progressive advocacy group, called the amendment "dangerous" and "driven by far-right extremists intent on taking Israel backward."
NIF warned that "at a time when dissent is being crushed all over Israel, this law seeks to further silence any internal critics."
The group said the Counterterrorism Law already "has a history of discriminatory use" and "includes extremely blurry concepts" that "if read broadly could include... the entirety of Palestinian society."
Israel's Counterterrorism Law is rooted in the 1945 Emergency Rules enacted by British rulers of what was then called Mandatory Palestine amid a yearslong wave of terrorist attacks by Jewish militant groups targeting U.K. officials, British and Arab civilians, and even a ship full of Holocaust refugees. Many of its provisions remain in place today.
Even before the current war on Gaza, Israel's government faced international condemnation for designating humanitarian groups as "terrorist organizations."
In a joint statement, far-right Israeli Justice Minister Yariv Levin and Defense Minister Yoav Gallant said the amendment "will strengthen the administrative measures that can be used against the terrorist organizations and terrorist operatives, and will enable a more effective suppression of channels of recruitment, financing, and transfer of funds for terrorist purposes."
The 1.2 million Arab citizens of Israel are the descendants of the approximately 150,000 Palestinians allowed to remain in the country following the ethnic cleansing of over 750,000 of their compatriots during the foundation of the modern Israeli state. Although they officially enjoy equal rights under the law, human rights defenders in Israel and around the world say Arab Israelis live as second-class citizens due to structural discrimination.
Since the Hamas-led attacks on Israel last month that killed more than 1,400 civilians and soldiers, Palestinian citizens of Israel have faced a sweeping campaign of arrests for defending resistance against Israeli crimes including occupation, settler colonization, ethnic cleansing, apartheid, and a war in which Israeli forces have now killed over 10,800 people, while displacing 70% of the population of Gaza and obliterating much of the strip.
Many Arab Israelis have been fired from their jobs and face societywide attacks on freedom of speech and association. There is also widespread police harassment and intimidation, including arrests for protesting what even Israeli scholars are calling the "genocide" in Gaza.
Since October 7, more than 100 Palestinian citizens of Israel have been arrested for social media posts, including well-known singer and influencer Dalal Abu Amneh, who was accused of "incitement" for expressing online solidarity with the people of Gaza.
Critics say no one is immune from the Israeli crackdown on free speech, pointing to Thursday's arrest of former Knesset lawmakers for holding a peace vigil in Nazareth.
"Arresting Arab leaders is an alarming escalation by the government, revealing a perilous disregard for the entire Arab community," the Association for Civil Rights in Israel said on social media. "The police unjustly interfered with a protest vigil in Nazareth, violating freedom of expression and acting irresponsibly against the law."
"The past month represents an unprecedented juncture in the government's relationship with Arab society," the group added. "Despite the responsible leadership demonstrated within the Arab community, the minister of national security takes every measure to sow incitement and division."
Ironically, that minister—Itamar Ben-Gvir of the far-right Jewish Power party—was convicted in 2007 by an Israeli court of inciting racism and supporting terrorism.
"Their plan would force the largest Medicaid cuts in American history—all to pay for more tax giveaways to billionaires," said Democratic Rep. Brendan Boyle.
At a press conference last week, U.S. House Majority Leader Steve Scalise claimed Democrats are lying when they warn that Medicaid is in the Republican Party's crosshairs.
"The word Medicaid is not even in this bill," Scalise (R-La.) declared, waving the text of a budget resolution that House Republicans went on to pass over unified Democratic opposition.
But an analysis released late Wednesday by the nonpartisan Congressional Budget Office (CBO) makes clear that deep cuts to Medicaid would be required under the House GOP resolution, which President Donald Trump has endorsed.
The analysis, produced at the request of leading House Democrats, shows that Medicaid accounts for 93% of projected mandatory spending under the jurisdiction of the House Energy and Commerce Committee over the next decade, not including Medicare.
That means Republicans would have to cut Medicaid, the Children's Health Insurance Program (CHIP), or Medicare to achieve the $880 billion in spending reductions that the House budget resolution instructs the energy and commerce panel to impose between fiscal years 2025 and 2034.
"This analysis from the nonpartisan CBO confirms what we've been saying all along: Republicans are lying about their budget," said Rep. Brendan Boyle (D-Pa.), the top Democrat on the House Budget Committee. "Their plan would force the largest Medicaid cuts in American history—all to pay for more tax giveaways to billionaires."
I keep hearing Republicans claim their budget doesn't cut Medicaid. We all know that's a lie — so I asked the nonpartisan CBO to look into it. Their analysis confirms it: the Republican budget delivers the largest Medicaid cuts in history to pay for giveaways to billionaires.
[image or embed]
— Rep. Brendan Boyle (@congressmanboyle.bsky.social) March 5, 2025 at 5:45 PM
According to the CBO, just $135 billion in spending under the House Energy and Commerce Committee's jurisdiction over the next decade would be available for cuts when excluding Medicaid, Medicare, CHIP, and programs that are "budget-neutral with revenues offsetting spending."
That would leave the GOP far short of the $880 billion in energy and commerce spending reductions proposed in the House budget resolution, which still must make its way through the Republican-controlled Senate before the GOP can move ahead with Trump's legislative agenda.
The CBO's analysis comes a day after Trump neglected to mention Medicaid during his first address to Congress of his second term, a decision that one advocate said confirms the president "knows his plan to cut nearly $1 trillion from Medicaid is so deeply unpopular that he would rather sweep it under the rug."
Rep. Frank Pallone, Jr. (D-N.J.), the top Democrat on the House Energy and Commerce Committee, said Wednesday that the CBO analysis "confirms what we've been saying all along: The math doesn't work without devastating Medicaid cuts."
"The reality is the only way Republicans can cut at least $880 billion within the Energy and Commerce Committee's jurisdiction is by making deep, harmful cuts to Americans' healthcare," said Pallone. "Republicans know their spin is a lie, and the truth is they have no problem taking healthcare away from millions of Americans so that the rich can get richer and pay less in taxes than they already do."
"We know it won't be easy," said the AFL-CIO president. "There's no fight more righteous than ensuring that every single worker who wants a union has a fair shot to join or form one."
As U.S. Sen. Bernie Sanders and Congressman Bobby Scott reintroduced the Richard L. Trumka Protecting the Right to Organize Act on Wednesday, labor union leaders prepared to fight for the legislation that would strengthen workers' rights.
While Sanders (I-Vt.) and Scott (D-Va.) have long led the battle for the bill on Capitol Hill, most Democrats in Congress—including both minority leaders—also support the PRO Act, which features a wide range of policies intended to hold companies accountable for violating employees' rights and make it easier for workers to form and negotiate with a union.
"Never before in the history of our nation have income and wealth inequality been greater than today. Workers are falling further and further behind. In response, millions of Americans have expressed their desire to join a union," Sanders said in a statement. "However, the billionaire class is fighting with all its might to put down attempts by workers to exercise their constitutional right to unionize."
The PRO Act's reintroduction comes as U.S. President Donald Trump and billionaire Elon Musk work to gut the federal government while congressional Republicans—who have narrow majorities in both chambers—work to cut healthcare and food assistance programs that serve working-class people to fund tax giveaways for the ultrawealthy and corporations.
"Congress has an urgent responsibility to ensure that workers can join a union and negotiate for higher pay, better benefits, and safer workplaces."
Sanders pointed to Trump's decision "to illegally fire National Labor Relations Board Member Gwynne Wilcox and effectively shut down the NLRB," and warned that "without a functioning NLRB, corporate bosses can illegally fire unionizing workers, flagrantly violate labor laws and render free and fair union elections near impossible."
"Supporting the immediate reinstatement of Member Wilcox and the swift passage of the PRO Act would be major steps toward building real worker power," added the senator, who is the ranking member of the Senate Committee on Health, Education, Labor, and Pensions. "The PRO Act is long overdue and I am proud to be introducing this bill."
Scott also framed the bill as a necessity, saying that "unions are essential for building a strong middle class and improving the lives of workers and families. Regrettably, for too long, workers have suffered from anti-union attacks and toothless labor laws that undermined their right to form a union."
"As union approval remains at record highs, Congress has an urgent responsibility to ensure that workers can join a union and negotiate for higher pay, better benefits, and safer workplaces," he argued. "The PRO Act is the most critical step Congress can take to uplift American workers. I urge my House and Senate colleagues on both sides of the aisle to join me in advancing the most significant update for workers' labor organizing rights in over 80 years."
Labor leaders also called on members of Congress across the political spectrum to back the bill—which largely lacks GOP support, but is co-sponsored by Rep. Brian Fitzpatrick (R-Pa.).
"In too many workplaces, in too many industries across the country, big corporations and billionaire CEOs still retaliate against us for organizing," said AFL-CIO president Liz Shuler, who has led the federation since the bill's namesake, Trumka, died in 2021.
"They refuse to negotiate our contracts, force us to sit through hours of anti-union propaganda and engage in illegal union-busting every day," she said of companies and executives. "Now they have an unelected, unaccountable union-buster trying to illegally fire tens of thousands of our fellow workers in federal jobs and an administration rolling back the workplace protections."
Shuler added that "we know it won't be easy, but the labor movement never backs down from a righteous fight. And in today's economy, where our workers' hard-earned paychecks are covering less of what they need while still facing unsafe conditions and a lack of respect on the job, there's no fight more righteous than ensuring that every single worker who wants a union has a fair shot to join or form one."
American Federation of State, County, and Municipal Employees president Lee Saunders reiterated AFSCME's support for the legislation on Wednesday, calling out billionaires and big business for "anti-union extremism" that "is deepening economic inequality, halting progress on health and safety, and harming millions."
"The PRO Act will loosen billionaires' grip on our economic future and make clear that their days of using illegal union busting tactics without consequence are over," he said. "This legislation will level the playing field, giving workers the legal protections they need to organize without fear of retaliation or obstruction. It's about time Congress prioritized workers over billionaires and gave them a fair shot at improving their workplaces."
Other groups that support the PRO Act include the American Federation of Teachers, Communications Workers of America, International Association of Machinists and Aerospace Workers, International Brotherhood of Electrical Workers, National Nurses United, Service Employees International Union, United Autoworkers, and United Steelworkers, among others.
The right to a union means fair wages, benefits, and security—but corporate greed stands in the way," the Laborers' International Union of North America said on social media Wednesday. "The PRO Act fights back! Congress must choose: Stand with working people or bow to Wall Street. The time is now!"
"If you think back at the last economic crashes... the rich were able to buy up assets on the cheap and emerged even wealthier and more powerful than before," noted one progressive commentator.
Are U.S. President Donald Trump, top adviser Elon Musk, and allied oligarchs deliberately trying to tank the economy in order to line their own gilded pockets?
More and more observers from both sides of the political aisle are asking the question this week as the U.S. president implemented steep tariffs on some of the country's biggest trade partners, threatened a global trade war, and is taking chainsaw to government spending and programs—policies that, while inflicting economic pain upon nearly everyone else, could dramatically boost their already stratospheric wealth.
Numerous observers have likened it to the " disaster capitalism" examined in Naomi Klein's seminal 2007 book, The Shock Doctrine: The Rise of Disaster Capitalism—politicians and plutocrats exploit the chaos of natural or human-caused crises to push through unpopular policies like privatization and deregulation that harm the masses while boosting the wealth and power of the ruling class.
Economic alarm bells were already ringing before Trump's 25% tariffs on most products from Canada and Mexico and an additional 10% on China—for a total of 20%—took effect on Tuesday, prompting retaliatory measures and threats of more to come.
Then, during his rambling joint address to Congress on Tuesday night, Trump threatened to impose reciprocal tariffs on every nation on Earth starting April 2 (because he "didn't want to be accused of April Fools' Day") if those countries did not lower barriers to trade with the United States.
@jamellebouie Replying to @C. Stetzer ♬ original sound - b-boy bouiebaisse
New York Times economic policy reporters Alan Rappeport and Ana Swanson called Trump's sweeping tariffs "one of the biggest gambles of his presidency," and a move "that risks undermining the United States economy."
But what if that's the whole point?
"I've been entertaining this theory a little bit more lately, because [Trump's] economic moves seem so stupid and terrible and counterproductive without thinking that he is intentionally trying to cause harm," progressive political commentator Krystal Ball—who also has a degree in economics and is a certified public accountant— said Tuesday on the social media site X.
Ball cited an X
post by Saikat Chakrabarti, a progressive Democrat running for Congresswoman Nancy Pelosi's (D-Calif.) House seat who worked on Wall Street for six years and helped found the online payment processing company Stripe, in which he accused Trump of "manufacturing a recession."
"But it makes sense when you realize his goal is to create something like Russia where the economy is run by a few oligarchs loyal to him," Chakrabarti added. "Creating that state is hard in a large, dynamic, powerful economy with too many actors who can oppose him. So he's accelerating concentrating money and power into the hands of his loyalists while he crashes the rest out."
Responding to this, Ball asserted that "at this point, until proven otherwise, the primary actor in the government and the economy is actually Elon, so I think it makes sense to think of Elon's incentives here and what he may actually want to accomplish."
"If you think back at the last economic crashes—both in Covid and in the 2008 financial crash—while initially everyone suffered, including the rich, out of both, the rich were able to buy up assets on the cheap and emerged even wealthier and more powerful than before," she noted.
"So in 2008, not only did they get their own custom bailout, but they were able to buy housing stock at absurdly low prices," Ball recalled. "The rich got richer than ever, inequality skyrocketed, and the big banks got bigger than ever."
"Same deal with the Covid-era recession," she continued. "So, while again, everyone suffered initially, there was a huge bailout package which, yes, did benefit ordinary people, but if you look at who came out really on top... you could see people like Elon Musk, people like Jeff Bezos, people like Mark Zuckerberg getting far wealthier. Their net worths, which were already very high, skyrocketed beyond anyone's wildest dreams."
Indeed, as Common Dreams reported, 700 billionaires got $1.7 trillion richer during two years of pandemic. Between March 2020 and April 2022, Musk got 10 times richer, while Zuckerberg's net worth more than tripled and Bezos' grew by nearly $80 billion, according to Forbes.
"Here's the other piece that's worth thinking about as well," Ball added. "Crash and crisis leads to governments and authoritarian leaders claiming more power for themselves. They can use the crisis and the emergency as a justification for taking on extraordinary powers and for taking extraordinary measures... measures that can be custom fit to primarily benefit oligarchs like Elon Musk."
"So I don't know guys, while we're running around here going... 'can't they understand how this is going to be devastating for the economy,' maybe they do understand," she concluded, "and maybe that's kind of the point."