[Plura-list] How Goldman Sachs's "tax-loss harvesting" lets the ultra-rich rake in billions tax-free; Happy Independent Bookstore Day!

Cory Doctorow doctorow at craphound.com
Mon Apr 24 11:09:38 EDT 2023


Read today's issue online at: https://pluralistic.net/2023/04/24/tax-loss-harvesting/


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Tomorrow (Apr 25) I'll be in San Diego for the launch of my new novel, *Red Team Blues*, at 7PM at Mysterious Galaxy Books, hosted by Sarah Gailey. Please come and say hi!

https://www.mystgalaxy.com/event/42523Doctorow

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Today's links

* How Goldman Sachs's "tax-loss harvesting" lets the ultra-rich rake in billions tax-free: "Generating a tax loss without a substantial change in the investment."

* Happy Independent Bookstore Day: It lasts a week!

* Hey look at this: Delights to delectate.

* This day in history: 2003, 2008, 2013, 2018, 2022

* Colophon: Recent publications, upcoming/recent appearances, current writing projects, current reading

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🦸🏾‍♀️ How Goldman Sachs's "tax-loss harvesting" lets the ultra-rich rake in billions tax-free

With the IRS Files, Propublica ripped away the veil of performative complexity disguising the scams that the ultra-rich use to amass billions and billions (and billions and billions) of dollars, paying next to no tax, or even no tax at all. Each scam is its own little shell game, a set of semantic and accounting tricks used to gussy up otherwise banal rip-offs.

The finance sector has a cute name for this kind of complexity: MEGO, which stands for "my eyes glaze over." If you're trying to rip off a mark, you just pad out the prospectus, make it so thick they decide there *must* be something good in there, the same way that any pile of shit that's sufficiently large must have a pony under it...somewhere.

Propublica's writers haven't merely confirmed just how little America's oligarchs pay in tax - they've also de-MEGO-ized each of these scams, like the way that Peter Thiel used the Roth IRA - a tax-shelter for middle-class earners to help save a few thousand dollars for retirement - to make *$5 billion* without paying *one cent* in tax:

https://pluralistic.net/2021/06/26/wax-rothful/#thiels-gambit

One of my favorite IRS Files reports described how Steve Ballmer - the billionaire ex-CEO of Microsoft - laundered vast fortunes into a state of tax-free grace by creating hundreds of millions in "losses" from his basketball team, the LA Clippers. Ballmer paid 12% tax on the $656 million he took out of the Clippers - while the players whose labor generated that fortune paid 30-40% on their earnings:

https://pluralistic.net/2021/07/08/tuyul-apps/#economic-substance-doctrine

That was Propublica's first Ballmer story, back in the summer of 2021. But they ran a followup last February that I missed (it came out while I was on a book tour in Australia), and it's *wild*: a tale of "loss harvesting," a form of fuckery involving Goldman Sachs that's depraved even by their own standards:

https://www.propublica.org/article/irs-files-taxes-wash-sales-goldman-sachs

Loss farming is a scam that was invented in the 1920s, whereupon it was promptly banned by Congress. But Goldman and other plutocrat Renfields have come up with tiny modern variations on this century-old con that the IRS is either unable or unwilling to address.

Here's how it works. Say you've got a stock portfolio where some of the stocks have gone up and others have gone down. You want to sell the high stocks and hang onto the low ones until they bounce back. But if you sell those stocks that have gone up, you have to "realize" the profit from them and pay 20% capital gains tax on them (capital gains tax is the tax you pay on money you get from owning things; it's *much* lower than income tax - the tax you pay for *doing* things).

But you pay tax on your *net* capital gains - the profits you've made minus the losses you've suffered. What if you sold those loser stocks at the same time? If you made a million on the good stocks and lost a million on the bad ones, your net income is zero - and so is your tax bill.

The problem is that selling stocks when they've gone down is a surefire way to go broke. Every investing book starts with this advice: you will be tempted to hold onto your stocks that are going up, because they might continue to go up. You'll be tempted to sell your stocks that are going down, because they may continue to go down. But if you do that, you'll *only* sell the stocks that have lost money, and never sell the stocks that have *made* money, and so you will lose everything.

Back when the pandemic started, your shares in movie theater chains were in the toilet, while your stock in tech companies shot through the roof. If you sold the tech stocks then and held onto your movie stocks and sold them now, you'd have cleaned up - today, tech stocks are down and movie theater stocks are up. But if you sold the cinema shares when they bottomed out, and held onto your tech stocks when they were peaking, you'd be busted today.

So selling your loser stocks to offset the gains from your winners is a bad idea. That's where loss-farming comes in: what if you sold your tech stocks at their peak, and sold your bottomed-out cinema stocks at the same time, but then *bought* the cinema stocks again, right away? That way you'd have the "loss" from selling the cinema stocks, but you'd *still* have the stocks.

That's called "wash trading," and Congress promptly banned it. If you've heard of wash-trading, it's probably something you picked up during the NFT bubble, which was a cesspit of illegal wash-trading. Remember all those eye-popping NFT sales? It was just grifters with multiple wallets, buying NFTs from themselves, making it seem like there was this huge, white-hot market for monkey JPEGs. Wash-trading.

Turns out that crypto really did democratize finance...fraud.

Wash-trading has been illegal for a century, but brokerages have invented modern variations on the theme that are legal-ish, and the most lucrative versions of these scams are only available to billionaires, through companies like Goldman Sachs.

There are a bunch of these variations, but they all boil down to this: there are lots of ways to sell an asset and buy it again, while making it look like you bought a *different* asset. Like, say you're invested in Chinese tech companies through an exchange-traded fund (ETF) that bundles together "all the Top Chinese tech stocks."

Maybe you bought this fund through Vanguard, the giant brokerage. Now, say Chinese stocks are way down, because the Chinese government is doing these waves of lockdowns on the factory cities. If you could sell those Chinese stocks now, you'd get a massive loss, enough to wipe out all the profits from all your good stocks.

But of course, China's going to figure out the lockdown situation eventually, so you don't want to actually get rid of those stocks right now, especially since they're worth so much less than you paid for them. So right after you sell your *Vanguard* Chinese tech ETF shares, you buy the same amount of Schwab's Chinese tech-stock ETF.

An ETF of "leading Chinese tech companies" is going to have basically the same companies' stock in it, no matter whether it's sold by Vanguard, State Street or Schwab. But as far as the IRS is concerned, this isn't a wash-trade, because you sold a thing called "Vanguard ETF" and bought a thing called "Schwab ETF" and these are different things (even if the main difference is the name on the wrapper, and not what's inside).

There's other ways to do this. For example, lots of companies have different "classes" of stock. Under Armour sells both Class A (voting) and Class C (nonvoting) stocks. Though voting stock is worth a little more than nonvoting stock, they both rise and fall together - if the Class A shares are up 10%, so are the Class C shares. So you can dump your Under Armour Class A's, buy Under Armour Class C's and own essentially the same amount of Under Armour stock - but as far as the IRS is concerned, you just sold your interest in one company and bought an interest in a different company, and you can take a big loss and write down your profits from other stock trades.

The IRS *does* prohibit wash-trading, but only in the narrowest sense. Brokerages are obliged to report trades in which a customer buys and sells exactly the same security, with the same unique ID (the CUSIP number), within 60 days. Beyond that, IRS guidance is extraordinarily wishy-washy, calling on filers to "consider all the facts and circumstances" of their transactions. Sure, that'll work.

Propublica found *zero* instances of the IRS targeting any of these trades, ever, for enforcement. That's especially true of the most egregious version of loss-harvesting, a special version that only the ultra-rich can take advantage of, called "direct indexing." You might know about "index funds," where a brokerage sells a single fund that tracks a broad index of stocks - for example, you can buy an S&P 500 index that goes up and down with the total value of the top 500 stocks in America.

Direct indexing is something that giant banks like Goldman Sachs offer to their very richest clients. The brokerage buys a mix of stocks that are likely to track the whole index, and puts those shares directly into the client's account. Rather than owning shares in a fund that owns the stocks, you own the stocks directly. That means that when you want to harvest some losses, you can sell just a few of the stocks in the index, rather than your shares in the whole fund.

Here's how that works. In 2017, the US index was up 20%; global indexes were up even more. Steve Ballmer made a *bundle*. But Goldman Sachs, acting on Ballmer's behalf, sold s few of the stocks in the portfolio and harvested a $100,000,000 *loss*, that Ballmer could use to trick the IRS into treating his massive profits as though he'd made very little taxable income.

Goldman uses a whole range of tricks to keep billionaires like Ballmer in a lower tax-bracket than the janitors who clean the floors after his team's games. They not only buy and sell different classes of stock in companies like Discovery and Fox; they also buy and sell the same company's stock in different countries. For example, they sold Ballmer's shares in Shell in one country, and then immediately bought the same amount of shares in another country. The IRS doesn't treat this as a wash-trade, despite the fact that the shares have the same value, and, indeed, companies like Shell routinely merge their overseas and domestic shares with no change in valuation.

Thanks to Goldman's ruses - and the IRS's willingness to accept them - Ballmer's wealth has swollen to grotesque proportions. He generated $579 million in losses from 2014-18, and as a result, got to keep at least $138m that he'd have otherwise had to pay to the IRS.

Goldman's not the only one in on this game: Iconiq Captial - a firm that also offers marriage partner scouting for its richest clients - has $13.2 billion under management on behalf of just 337 people. Among those high-rollers: Mark Zuckerberg, whose $88m in gains from Iconiq investments were offset by $34m in imaginary losses that the company manufactured with wash-trades.

In theory, the simplest form of wash-trading - selling your Vanguard China fund and buying a Schwab China fund - is available to any investor. Leaving aside the fact that the top 1% of Americans own most of the stock, this is still a deceptive proposition. This kind of wash-trading only benefits investors who hold their shares outside of a sheltered retirement account, which is a vanishing minority indeed.

Instead, the primary beneficiaries of this activity are the usual suspects: convicted monopolists like Ballmer, or useless scions of wealthy families, like the kids of Walmart founder Sam Walton, who emerged into this world through very lucky orifices and are thus effectively exempt from the need to work *or* pay tax for life.

Jim Walton is Sam Walton's youngest orifice-lottery-winner. Young Jim saw a $10 billion increase in his wealth from 2014-18, making him the tenth richest person in America. Thanks to wash-trading, he declared only $111 million of that $10 billion on his taxes, and paid $0.00 in tax on that $10 billion gains.

One way that the rich are especially well-situated to exploit loss-harvesting is in converting short-term gains - which are taxed at 40% - into long-term gains, which are taxed at 20%. For people who make a lot of money buying and selling shares as pure speculation, flipping them in less than a year, wash-trading can create the appearance of long-term holdings. Analyzing their trove of leaked IRS files, Propublica showed that Americans who report over $10 million in income almost *never* report short-term gains. Instead, two-thirds of the richest Americans report short-term *losses*.

One fascinating wrinkle is that rich people may not even know this is going on. Whatsapp co-founder Brian Acton, managed to "lose" $2.9 million  when he sold $17 million in shares - the same day he *bought* $17 million in shares in nearly the same companies from another brokerage. Then, a few months later, he reversed those transactions, selling his new fund and buying the old one and harvesting another $600,000 in losses.

When Propublica asked Acton about this, he told them he was "not really aware of any events like that...Broadly my wealth is managed by a wealth management firm and they manage all the day to day transactions."

This is completely believable and consistent with the extraordinarily frank account of how elite money-management works that Abigail Disney described in 2021, where the ultra-rich are insulated from the scams, tricks and wheezes that lawyers and accountants dream up to keep their fortunes steadily mounting with no action needed on their part:

https://pluralistic.net/2021/06/19/dynastic-wealth/#caste

Could the IRS block this kind of wash-trading? Yes, but they'd need action from Congress. The most effective way to do this would be to force shareholders to "mark to market" the value of their holdings, taxing them each year on the fluctuations in their portfolio.

Propublica notes that this is incredibly unlikely to happen, though. As an alternative, Congress could change the rule that blocks investors from claiming losses when they buy and sell "substantially identical" shares with a rule that applies to "substantially *similar*" stocks. This proposal comes from Columbia Law's David Schizer, who says the law "ought to be updated to reflect how people invest today instead of how they invested 100 years ago."

But for any of that to have an effect, the IRS would have to change its auditing and enforcement practices, which currently see low-income earners (who can't afford fancy tax-lawyers who'll tie up the IRS for months or years) being disproportionately targeted, while America's super-rich, ultra-rich, and stupid-rich are allowed to submit the most hilariously, obviously fictional returns and get away with it.


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🦸🏾‍♀️ Happy Independent Bookstore Day

It's Independent Bookstore Day! I *love* bookstores, especially indies. I'm a recovering bookseller (love you, BakkaPhoenix!) and an inveterate and absurdly optimistic buyer of books - just this weekend, I bought three books at the *LA Times* Festival of Books, from Pages and Octavia's Bookshelf!

Supporting indie bookstores doesn't mean foregoing the convenience of buying online. Libro.fm pioneered a model that lets you nominate your favorite local bookstore, which receives part of the proceeds from every audiobook you buy at Libro (where all the audiobooks are DRM-free).

Libro is celebrating indie bookstores all week with stellar deals on an incredible lineup of audiobooks, from Octavia Butler's *Parable of the Sower* to *Chokepoint Capitalism*, the book Rebecca Giblin and I wrote about how monopolies (including bookstore monopolies like Amazon) destroy the livelihoods of creative workers, and how to fight back:

https://libro.fm/ibd

You can also back your favorite indie bookstore when you shop online at Bookshop.org, who - like Libro - donate a portion of the cost of every book you buy to a nominated local bookseller:

https://bookshop.org/

Of course, nothing beats actually *visiting* your local bookstore, browsing the books, reading the shelf-reviews, and talking to knowledgeable, intelligent, passionate booksellers in person. I'm about to embark on a tour for my next novel, *Red Team Blues*, and I'll be stopping at many great indie stores on the way.

Tomorrow, I'll be in San Diego at Mysterious Galaxy Books for a launch with Sarah Gailey. On Wednesday, I'll be in Burbank at Dark Delicacies. On May 5, I'll be in Mountain View with Mitch Kapor at Books, Inc. There are plenty more stops, in PDX, Toronto, Vancouver, Calgary, DC, Gaithersburg, and all over the UK, finishing in Berlin:

https://pluralistic.net/2023/04/19/whats-wrong-with-iowa/#red-team-blues-tour

I hope to see you there! Also, my family has asked that you stage an intervention if you see me buying more books while I'm on tour!


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🦸🏾‍♀️ Hey look at this

* Scams, conspiracies, and surprising theories on why we fall victim to them https://www.cbc.ca/radio/ideas/scams-fraud-credulity-1.6816036

* Escape Speed https://xkcd.com/2765/

* 'Let's Get It On' ... in court https://www.npr.org/2023/04/20/1171161616/lets-get-it-on-in-court (h/t Jamie Boyle)

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🦸🏾‍♀️ This day in history

#20yrsago “Daddy, Are We There Yet?” Alan Kay’s talk at ETCON https://craphound.com/kayetcon2003

#20yrsago A Group Is Its Own Worst Enemy: Clay Shirky’s talk at ETCON 2003 https://craphound.com/shirkyetcon2003.txt

#20yrsago Journalism 3.1b2, Dan Gillmor’s talk at ETCON https://craphound.com/gillmoretcon2003.txt

#20yrsago Notes from Meg Hourihan’s “Edges of the Writable Web” talk at ETCON https://craphound.com/megetcon2003.txt

#20yrsago Stewart Butterfield: “The Game Context as a Testing Ground for Social Software.” https://craphound.com/stewartetcon2003.txt

#15yrsago TSA screener who smuggled a gun into the airport is still on the job https://web.archive.org/web/20080428192830/http://www.myfoxcolorado.com/myfox/pages/News/Detail?contentId=6389294&version=1&locale=EN-US&layoutCode=TSTY&pageId=3.2.1

#15yrsago Sleazy proposed new Dungeons and Dragons license seeks to poison open gaming systems https://web.archive.org/web/20080506004830/www.networkperformancedaily.com/2008/04/mysql_isnt_going_from_open_to.html

#10yrsago Man has eaten at 6,297 Chinese restaurants in the USA and Canada https://www.latimes.com/local/la-me-chinese-eater-20130422-dto-htmlstory.html

#10yrsago Prof says he’ll grade students on a curve, so they organize a boycott of the exams and all get As https://www.insidehighered.com/news/2013/02/12/students-boycott-final-challenge-professors-grading-policy-and-get

#5yrsago Cops shoot man, then interrupt his funeral to press his corpse’s finger to his Iphone https://www.tampabay.com/news/publicsafety/Cops-used-dead-man-s-finger-in-attempt-to-access-his-phone-It-s-legal-but-is-it-okay-_167262017/

#5yrsago The problem isn’t that Facebook is creepy, it’s that it’s creepy AND HUGE https://www.wired.com/story/competition-is-at-the-heart-of-facebooks-privacy-problem/

#5yrsago It’s 2018, and Google just proposed an instant messaging tool with no encryption https://www.bleepingcomputer.com/news/google/google-accused-of-showing-total-contempt-for-android-users-privacy/

#5yrsago ISO rejects the NSA’s IoT crypto standard, believing it to be backdoored https://web.archive.org/web/20180424134658/https://www.wikitribune.com/story/2018/04/20/internet/67004/67004/

#20yrsago Movable Type launches TypePad https://web.archive.org/web/20030603160143/http://www.guardian.co.uk/online/news/0,12597,942024,00.html

#20yrsago Rheingold’s “Technology Innovation and Collective Action” at ETCON https://craphound.com/hlretcon2003.txt

#20yrsago Eric Blossom and Matt Ettus’s talk on GNU Radio at ETCON https://craphound.com/gnuradioetcon2003.txt

#20yrsago Notes from Wireless Routing and Multi-Hop Architectures at ETCON https://craphound.com/meshetcon2003.txt

#15yrsago Anti-teen noise-weapon comes to the USA https://web.archive.org/web/20080429232132/https://www.cnn.com/2008/TECH/04/23/teen.be.gone.ap/index.html

#15yrsago EMI: backing up music files online is illegal https://consumerist.com/2008/04/22/emi-says-you-cant-store-your-music-files-online/index.html

#10yrsago Early American tombstone euphemisms for death https://www.vastpublicindifference.com/2008/08/101-ways-to-say-died.html

#20yrsago Cisco’s routers designed for governmental eavesdropping https://web.archive.org/web/20030808191949/http://news.com.com/2010-1071-997528.html

#20yrsago Chandler goes 0.1 https://web.archive.org/web/20030603202506/http://blogs.osafoundation.org/mitch/000166.html

#20yrsago Notes from “Legal Issues and Emerging Technology” https://craphound.com/fvletcon2003.txt

#20yrsago Patents in Emerging Tech https://craphound.com/etconpatents.txt

#20yrsago Andrew “Bunnie” Huang’s tutorial on Hardware Hacking https://craphound.com/bunnieetcon2003.txt

#15yrsago MSN Music customers lose *all* their music the next time they buy a new PC https://arstechnica.com/information-technology/2008/04/drm-sucks-redux-microsoft-to-nuke-msn-music-drm-keys/

#15yrsago Middlesbrough cops, goons and clerks grab and detain photographer for shooting on a public street https://memex.craphound.com/2008/04/22/middlesbrough-cops-goons-and-clerks-grab-and-detain-photographer-for-shooting-on-a-public-street/

#15yrsago Disneyland bans pictures in its parking lots https://disneylandcompendium.blogspot.com/2008/04/photo-disneyland-doesnt-want-you-to-see.html

#10yrsago Fox sends fraudulent takedown notices for my novel Homeland https://memex.craphound.com/2013/04/22/fox-sends-fraudulent-takedown-notices-for-my-novel-homeland/

#10yrsago William Gibson tries the Google Glass https://www.flickr.com/photos/1800joe/8666284626/in/photostream

#10yrsago Then-and-now photos of Disney Parks from early days and today https://www.imagineeringdisney.com/thenandnow/2013/2/17/then-and-now-photo-collection.html

#10yrsago Finnish websites go dark tomorrow to call for copyright reform https://web.archive.org/web/20130601000000*/https://arcticstartup.com/2013/04/22/finnish-sites-blacking-out-tomorrow-in-support-of-copyright-petition

#10yrsago China Mieville’s turn-it-to-11 high weirdness reboot of “Dial H” https://memex.craphound.com/2013/04/23/china-mievilles-turn-it-to-11-high-weirdness-reboot-of-dial-h/

#5yrsago Colorado Senate Republicans introduce legislation to fire, imprison striking teachers https://www.denver7.com/lifestyle/education/colorado-senate-bill-seeks-to-punish-teachers-with-jail-time-should-they-go-on-strike

#5yrsago The used cars that Europe sends to Nigeria are filled with illegal, toxic e-waste https://collections.unu.edu/eserv/UNU:6349/PiP_Report.pdf

#5yrsago The BBC finally admits that MI5 secretly vetted its employees, an open secret for generations https://www.bbc.com/news/stories-43754737

#1yrago Don't believe Obama's Big Tech criti-hype https://pluralistic.net/2022/04/22/mesmer-2-point-oh/#thanks-obama

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🦸🏾‍♀️ Colophon

Today's top sources: Nelson's Weblog (https://www.somebits.com/weblog/).

Currently writing:

* A Little Brother short story about DIY insulin PLANNING

* Picks and Shovels, a Martin Hench noir thriller about the heroic era of the PC. FIRST DRAFT COMPLETE, WAITING FOR EDITORIAL REVIEW

* The Bezzle, a Martin Hench noir thriller novel about the prison-tech industry. FIRST DRAFT COMPLETE, WAITING FOR EDITORIAL REVIEW

* Vigilant, Little Brother short story about remote invigilation. ON SUBMISSION

* Moral Hazard, a short story for MIT Tech Review's 12 Tomorrows. FIRST DRAFT COMPLETE, ACCEPTED FOR PUBLICATION

* Spill, a Little Brother short story about pipeline protests. ON SUBMISSION

Latest podcast: How To Make a Child-Safe TikTok https://craphound.com/news/2023/04/17/how-to-make-a-child-safe-tiktok/

Upcoming appearances:

* Red Team Blues at Mysterious Galaxy (San Diego), Apr 25
https://www.mystgalaxy.com/event/42523Doctorow

* Red Team Blues at Dark Delicacies (Burbank), Apr 26
https://www.darkdel.com/store/p2873/Wed%2C_Apr_26th_6pm%3A_Red_Team_Blues%3A_A_Martin_Hench_Novel_HB.html#

* Red Team Blues at SFPL with Annalee Newitz (San Francisco), Apr 30
https://sfpl.org/events/2023/04/30/author-cory-doctorow-red-team-blues

* Red Team Blues at Powell's with Andy Baio (PDX/Cedar Hills Crossing), May 2
https://www.powells.com/book/red-team-blues-martin-hench-1-9781250865847/2-1

* Red Team Blues at Books, Inc with Mitch Kapor (Mountain View), May 5
https://www.booksinc.net/event/cory-doctorow-books-inc-mountain-view

* Bay Area Bookfest (Berkeley), May 6/7
https://www.baybookfest.org/session/cory-doctorow/

* Open Source Summit (Vancouver), May 10
https://events.linuxfoundation.org/open-source-summit-north-america/

* Massy Books Red Team Blues event with Sean Cranbury (Vancouver), May 10
https://www.eventbrite.ca/e/red-team-blues-cory-doctorow-in-conversation-with-sean-cranbury-tickets-608877016547

* Wordfest (Calgary), May 11
https://wordfest.com/2023/event/wordfest-presents-cory-doctorow/

* Gaithersburg Book Festival, May 20
https://www.gaithersburgbookfestival.org/featured_author/cory-doctorow/

* Public Knowledge Emerging Tech keynote (DC), May 22
https://www.eventbrite.com/e/emerging-tech-tickets-600582126307

* WEPFest with Ron Diebert, Dave Bidini and Nancy Olivieri (Toronto), May 23
https://www.westendphoenix.com/shop/wepfest-spring-fundraiser

* HowTheLightGetsIn (Hay), May 28
https://howthelightgetsin.org/events/the-ai-enigma-12147

* HowTheLightGetsIn (Hay), May 29
https://howthelightgetsin.org/events/the-danger-and-desire-of-the-frontier-12246

* Red Team Blues event with Tim Harford (Oxford), May 29
https://www.eventbrite.co.uk/e/cory-doctorow-red-team-blues-with-tim-harford-tickets-574673793787

* Red Team Blues event with Christian Reilly (Nottingham), May 30
https://www.waterstones.com/events/an-evening-with-cory-doctorow/nottingham

* Red Team Blues event with Ian Forrester (Manchester), May 31
https://www.waterstones.com/events/in-conversation-with-cory-doctorow/manchester-deansgate

* UCL Peter Kirstein Lecture, Jun 1 (London):
https://www.eventbrite.co.uk/e/peter-kirstein-lecture-2023-featuring-cory-doctorow-registration-539205788027

* Cymera Festival, Jun 3 (Edinburgh)
https://www.cymerafestival.co.uk/cymera23-events/2023/4/4/connection-interrupted-with-nina-allan-cory-doctorow-and-ian-mcdonald

* Red Team Blues with Martha Lane Fox at the British Library, Jun 5 (London):
https://www.bl.uk/events/an-evening-with-cory-doctorow-techno-thriller

* Re:publica keynote, Jun 7 (Berlin)
https://re-publica.com/de/news/rp23-keynote-von-cory-doctorow-rebecca-giblin-kreative-arbeitsmaerkte-und-monopole

Recent appearances:

* IFTF Future Now
https://soundcloud.com/institute-for-the-future/future-now-003-chokepoint-capitalism-with-cory-doctorow?si=b46c7320d8bd48789fa2783ff52975d8

* Examining capitalism's chokepoints (Changelog)
https://changelog.com/podcast/535

* Cory Doctorow knows why monopolies are killing art (Canadaland)
https://www.canadaland.com/podcast/bonus-cory-doctorow-knows-why-monopolies-are-killing-art/recent

Latest books:

* "Chokepoint Capitalism: How to Beat Big Tech, Tame Big Content, and Get Artists Paid, with Rebecca Giblin", on how to unrig the markets for creative labor, Beacon Press/Scribe 2022 https://chokepointcapitalism.com

* "Attack Surface": The third Little Brother novel, a standalone technothriller for adults. The *Washington Post* called it "a political cyberthriller, vigorous, bold and savvy about the limits of revolution and resistance." Order signed, personalized copies from Dark Delicacies https://www.darkdel.com/store/p1840/Available_Now%3A_Attack_Surface.html

* "How to Destroy Surveillance Capitalism": an anti-monopoly pamphlet analyzing the true harms of surveillance capitalism and proposing a solution. https://onezero.medium.com/how-to-destroy-surveillance-capitalism-8135e6744d59 (print edition: https://bookshop.org/books/how-to-destroy-surveillance-capitalism/9781736205907) (signed copies: https://www.darkdel.com/store/p2024/Available_Now%3A__How_to_Destroy_Surveillance_Capitalism.html)

* "Little Brother/Homeland": A reissue omnibus edition with a new introduction by Edward Snowden: https://us.macmillan.com/books/9781250774583; personalized/signed copies here: https://www.darkdel.com/store/p1750/July%3A__Little_Brother_%26_Homeland.html

* "Poesy the Monster Slayer" a picture book about monsters, bedtime, gender, and kicking ass. Order here: https://us.macmillan.com/books/9781626723627. Get a personalized, signed copy here: https://www.darkdel.com/store/p2682/Corey_Doctorow%3A_Poesy_the_Monster_Slayer_HB.html#/.

Upcoming books:

* Red Team Blues: "A grabby, compulsive thriller that will leave you knowing more about how the world works than you did before." Tor Books, April 2023

* The Internet Con: A nonfiction book about interoperability and Big Tech, Verso, September 2023

* The Lost Cause: a post-Green New Deal eco-topian novel about truth and reconciliation with white nationalist militias, Tor Books, November 2023

This work - excluding any serialized fiction - is licensed under a Creative Commons Attribution 4.0 license. That means you can use it any way you like, including commercially, provided that you attribute it to me, Cory Doctorow, and include a link to pluralistic.net.

https://creativecommons.org/licenses/by/4.0/

The excerpt from *Red Team Blues* in this edition is all rights reserved.

Quotations and images are not included in this license; they are included either under a limitation or exception to copyright, or on the basis of a separate license. Please exercise caution.

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