Charlie Eaton
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charlieeaton.bsky.social
Charlie Eaton
@charlieeaton.bsky.social
1.2K followers 3.4K following 94 posts
Economic sociologist. University of California, Merced professor. Author Bankers in the Ivory Tower. Subscribe: https://charlieeatonphd.substack.com
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To my surprise, my book is on sale for just $3.99 on Kindle!

With big endowments under fire and elite universities fighting for their lives, the book tells part of the story for how we got here.
Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education
Buy Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education: Read Kindle Store Reviews - Amazon.com
www.amazon.com
"Shadow student debts" is a much better term for what we've normally called institutional student debts or sundry debts. Nice contribution. @debtcollective.bsky.social @dalie.bsky.social ir.library.louisville.edu/cgi/viewcont...
ir.library.louisville.edu
This intra-elite power struggle has implications for efforts to save freedom and democracy in the US. I'm looking forward to thinking with this piece.
Silicon Valley Godzilla vs. Wall Street Mothra
The only two sectors thriving in Trump’s economy are increasingly sparring with each other.
prospect.org
"The sitting justices might well rule that a law limiting their service on the Supreme Court is unconstitutional. But that self-interested decision in favor of two unpopular ideas—gerontocracy and juristocracy—could help get the term-limits amendment ratified by the states." 4/4
"Under term-limits legislation... justices would... have lifetime appointments to the bench, but they would rotate off the Supreme Court to appellate courts after a fixed term of, say, 18 years. Each president would then have two Supreme Court appointments per four-year presidential term." 3/4
"Judicial reform is politically treacherous because it invites tit-for-tat changes in the Court, but Republican overreach on the Court has left Democrats little choice, and term limits provide the means of a settlement." 2/3
"The size of the Supreme Court... has been changed in the past through ordinary legislation. Between 1863 and 1869, Republicans changed the Court’s size three times: first adding a tenth seat to give Abraham Lincoln an extra appointment." 1 /3
The Premature Guide to Post-Trump Reform
American history offers three general strategies of repair and renewal.
prospect.org
I don't see how democracy survives if the next Democratic president does not unpack the court.
let's take stock here:

(Democratic) Presidents, via the Dept of Education, can't cancel student debt because statutes don't clearly authorize it.

Republican Presidents can cancel/shut down the Dept of Education because, even though only Congress can shut down departments ..., ... 🤷‍♀️ YOLO?
BREAKING: The Supreme Court allows the Trump administration to move forward with the abolition of the Department of Education. It gives no explanation for its order. All three liberals dissent. www.documentcloud.org/documents/25...

From Sotomayor's dissent:
Has the parliamentarian ruled that making the 2017 Trump tax cuts permanent are allowed? Are any other parliamentarian decisions still pending?
So a president who has military parades for his birthday is anti war?
My latest: Trump's war on universities is not a bottom-up assault responding to working class resentment. It is driven by tensions between techno-financial elites, their professional workforce, and the elite universities that embedded the rise of both groups.
The Elite War on Universities
Video and notes from my University of Chicago lecture.
www.charlieeaton.net
Down is up. War is peace. Dictatorship is democracy.
Kristi Noem: "We are not going away. We are staying here to liberate the city from the socialists and the burdensome leadership that this governor and that this mayor have placed on this country and what they have tried to insert into the city."

Sen. Alex Padilla is then forcibly removed!
I hope they televise this show trial.
Another prominent Democrat Pam Bondi arrested w/o presenting to a GJ.

Especially egregious here given that complaint just guesses what David Huerta is communicating on his phone.

This is literally, "he was texting on his phone so entered into a conspiracy."

www.documentcloud.org/documents/25...
This is truly something to behold.
Reposted by Charlie Eaton
Social scientists have called this out for a while. From my own work to Latrica Best, Aaron Panofsky, Evelyn Hammonds, Reanne Frank, Alondra Nelson, Jonathan Kahn, Oliver Rollins, Rina Bliss, Ruha Benjamin, Troy Duster, & many more. Race as proxy fails because racial groups are not a genetic reality
To my surprise, my book is on sale for just $3.99 on Kindle!

With big endowments under fire and elite universities fighting for their lives, the book tells part of the story for how we got here.
Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education
Buy Bankers in the Ivory Tower: The Troubling Rise of Financiers in US Higher Education: Read Kindle Store Reviews - Amazon.com
www.amazon.com
I did an interview on Elite Embeddedness & why financiers like to be university trustees. @Chronicle.com also spoke to financier & Penn trustee Scott Bok who said we got it right: “[It's] a networking business. It’s useful... to be on a board that has people from all kinds of different industries.”
Does it feel like private-equity guys are suddenly everywhere talking about higher ed? Perhaps because they are: A paper out earlier this year found a big rise in the percentage of top-ranked university trustees who are private-equity and hedge-fund managers: www.chronicle.com/article/priv...
Private-Equity Wealth Is Growing on the Most Prestigious University Boards, Study Finds
“That’s become a political vulnerability,” one researcher said.
www.chronicle.com
Reposted by Charlie Eaton
Coverage of the important work by @charlieeaton.bsky.social & colleagues about private equity in higher ed 👇
Does it feel like private-equity guys are suddenly everywhere talking about higher ed? Perhaps because they are: A paper out earlier this year found a big rise in the percentage of top-ranked university trustees who are private-equity and hedge-fund managers: www.chronicle.com/article/priv...
Private-Equity Wealth Is Growing on the Most Prestigious University Boards, Study Finds
“That’s become a political vulnerability,” one researcher said.
www.chronicle.com
Reposted by Charlie Eaton
From a different angle, it gives you a peek at the dynamics @charlieeaton.bsky.social and Albina Gibadullina discuss in their recent paper on the rise of financiers on university boards.
With billionaires on the march, we just published a paper about how the financiers among them are socially embedded through top university trustee positions. We find that these trustee ties to other elites help private equity firms to increase returns. academic.oup.com/ser/advance-...
Elite embeddedness: the rise of financiers on university boards as parallel social organizations
Abstract. We develop a theory of elite embeddedness in which social organizations parallel to the economy can provide advantages via private information an
academic.oup.com
Reposted by Charlie Eaton
From an Odd Lots episode last month, here's the head of hedge funds at Blackstone discussing tapping the Brown alumni network when he was the CIO of the endowment there.

omny.fm/shows/odd-lo...
Just say no.
A lot of people are replying on the assumption that this is the Trump administration. This is an initiative of Governor Gavin Newsom. A $2K limit on assets in a state where that would not cover monthly rent for most.
I guess I should have seen this coming
Trump turns heel on the Federalist Society
I increasingly struggle to imagine any way out the US authoritarian turn that doesn't involve the next Democratic President unpacking the Supreme Court.