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Carrying out “the largest deportation operation in American history,” as Trump has pledged to do, will wreck the US economy. It will deliver no material gains to the vast majority of his supporters, who benefit from the underpaid labor of the undocumented and the resulting cheapness of commodities. From a purely economic perspective, exploiting the labor of the undocumented provides more material advantages to Trump’s supporters than deporting them ever could. Deporting a million people in one year will cost eighteen times more than the entire world spends annually on cancer research.
In other words, mass deportations are a costly luxury indulgence that Trump’s supporters see as worth the expense because they experience the need for violence so intensely.
The solution to low wages is worldwide solidarity against the billionaires who exploit and oppress. Deporting people is performative violence intended to channel anger away from those who cause our suffering.
Carrying out “the largest deportation operation in American history,” as Trump has pledged to do, will wreck the US economy. It will deliver no material gains to the vast majority of his supporters, who benefit from the underpaid labor of the undocumented and the resulting cheapness of commodities. From a purely economic perspective, exploiting the labor of the undocumented provides more material advantages to Trump’s supporters than deporting them ever could. Deporting a million people in one year will cost eighteen times more than the entire world spends annually on cancer research.
In other words, mass deportations are a costly luxury indulgence that Trump’s supporters see as worth the expense because they experience the need for violence so intensely.
The solution to low wages is worldwide solidarity against the billionaires who exploit and oppress. Deporting people is performative violence intended to channel anger away from those who cause our suffering.
But because group chats and the channel features are not end-to-end encrypted, Galperin said user privacy is potentially under threat. Pavel Durov, Telegram's CEO, is known as "the Russian Mark Zuckerberg," for co-founding VKontakte, which is Russian for "in touch," a Facebook imitator that became the country's most popular social networking site. "Markets were cheering this economic recovery and return to strong economic growth, but the cheers will turn to tears if the inflation outbreak pushes businesses and consumers to the brink of recession," he added. Anastasia Vlasova/Getty Images That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future.
from ua
