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@ Cory Doctorow
2025-02-24 10:50:27
But Ellis couldn't stomach the corruption, and he went public, publishing a report for the American Economic Liberties Project called "Rate of Return Equals Cost of Capital" that lays out the con in stark detail:
https://www.economicliberties.us/wp-content/uploads/2025/01/20250102-aelp-ror-v5.pdf
I first encountered Ellis last week when he was interviewed on Matt Stoller and David Dayen's excellent Organized Money podcast, where he memorably referred to these utilities as "pocket-picking machines":
https://www.organizedmoney.fm/p/the-pocket-picking-machine
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