1/ If you've heard that the Department of Labor is proposing to allow crypto and private equity/credit into 401(k)s, you haven't heard the whole story. The media is being misled -- it's much worse than that!
We’ve spent decades told that if the economy grows, people’s lives will get better.
Millions are working harder, paying more, and losing faith that institutions can deliver.
Imagine an economy and democracy that actually make life better.
That’s why today, we’re launching The #GoodLife Agenda. 🧵
Brad Lipton
Read the full comment letter from our Director of Corporate Power and Financial Regulation, @bradlipton.bsky.social, on why the DOL should withdraw the proposal.
Brad Lipton
As explained in the Roosevelt Institute's comment, despite the proposal’s misleading name, this rulemaking is not really about investments in “alternative assets.” Rather, the Department of Labor is t...
2/ And the proposal's approach would also exacerbate some of the worst features of the financialization of our society. Check out our letter commenting on the rule.
4/ The “Made in the USA” pitch also got… edited. Early marketing leaned hard into American manufacturing. Later language got softer, more like “American-proud” and “brought to life” here, which is corporate-speak for “thank you for the deposit and now please stop asking questions.”
2/ Trump Mobile announced a shiny gold “T1” phone in June 2025, pitched as a patriotic, American-made alternative to Big Tech. Price: $499. Deposit: $100. Vibes: QVC meets constitutional crisis.
3/ The phone was supposed to ship months ago. Then later. Then later-later. Now, nearly a year after launch, reports say hundreds of thousands of people are still waiting….
1/ USA Today says the “Trump phone” may be coming soon but also maybe not coming soon. This saga is lolz. I’m still waiting for the Trump FTC to announce its investigation! Don’t worry not holding my breath. Here’s the debacle for anyone not terminally online. Vibes=QVC meets constitutional crisis.
