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Josh Marshall

Josh Marshall is editor and publisher of TalkingPointsMemo.com.

Articles by Josh

We are told we are entering a period of economic nationalism and right wing populism. We see it in the UK with Brexit, in the USA with Trumpism and in other nations and regions with their own unique inflections. From others we hear this is simply a tantrum or irrationality, perhaps a generalized breakdown of trust in elites. These are each true to a degree. But I think they are each also quite misleading. I see a very different or much more specific pattern in the country whose politics I know best, the USA, and the demographics and the voting parallels seem evident enough in Britain as well.

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If you've read my editors' blog posts over the years, you likely know that I am at heart a small-c conservative and instinctive institutionalist. There are up and down sides to that way of approaching the world. But it's a posture that colors my reactions to most things. On that front, last night's events in the UK fill me with no little foreboding. Sure, the pound was in free fall over night. The British equities market is getting hammered. Those are likely transitory events - at least the instability, if not the absolute values. But look a bit further down the road.

Look at the map.

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As you know, I've been piecing together what we know about Donald Trump's Potemkin $10 billion real estate, tie and steak empire. Mark Cuban is an actual billionaire and friend or frenemy of Trump's. And he's been increasingly public in his suspicions about Trump's wealth too. Cuban and I had an email exchange sharing notes and trying to figure out why Trump seems so hard up for cash. Here's the exchange.

Before the results are in, I just wanted to say a few words on Brexit, Britain's proposed exit from the EU. This is an issue for the British. But it is an issue that I think everyone has some right to chime in on since it will have a real effect on the whole global economy, and real effects in the US since Britain and the EU are among the United States' largest trading partners. In short, the idea strikes me as simply crazy.

Here's why.

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Today we're publishing part two of our series on privatization. I think you will really like it. It's about the so-called "corrections industry". But what it shows is that the corrections industry is about way, way more than just prisons. To use the jargon of industry, the corrections industry has managed to scoop up business along the whole supply line, from the moment of arrest to the last check-in with the parole officer. Read this. You'll find it very eye-opening.

Editor's Note: Mark Cuban is a genuine billionaire and frenemy of Donald Trump’s who’s been increasingly critical of Trump and the purported scale of his wealth over the course of the 2016 campaign. Having written at some length about the evidence that Trump’s claim to be worth over $10 billion is vastly exaggerated (technically speaking, a big fat lie) and that Trump may not even be a billionaire, I wanted to chat with Cuban about what makes him so suspicious. After all, billionaires have unique insights into how billionaires handle their money, even how purported billionaires handle their money. What follows is a lightly edited email exchange between Cuban and me over the course of Tuesday and Wednesday.

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I don't know if you heard Donald Trump's anti-Hillary speech this morning. It was filled with a slew of demonstrable falsehoods about Hillary and this very overheated argument about Hillary being responsible for the deaths of thousands and using the State Department as her own "private hedge fund." A reader wrote in this afternoon to ask for help understanding what Trump was even trying to say with that remark. I didn't get a chance to respond to her yet. But the gist I think is that there's no there there to understand. The point is that Hillary's a crook, uses any position in government as a way to enrich herself and is just generally awful. Tossing in "hedge fund" is nothing more than Trump's permanent need to act out dominance politics via hyperbole, even when it's devoid of any actual meaning. And yet, once you got past the febrile Hillary bashing, the most notable thing about the speech was how relatively normal it was.

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TPM hiring an ad salesperson. If you're interested, see the full listing after the jump. If you know someone who might be, please send the link on to them.

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