Showing posts with label billionaires. Show all posts
Showing posts with label billionaires. Show all posts

Wednesday, July 2, 2025

ESSAY: Billionaire do-gooding is out. Naked oligarchy is in; The Ink, July 2, 2025

ANAND GIRIDHARADAS, The Ink; ESSAY: Billionaire do-gooding is out. Naked oligarchy is in

 "No one was ever going to announce that the era of performative elite do-gooding had ceded to the era of naked oligarchy. But this week three events made that eclipse clear.

The first was the multi-billionaire Jeff Bezos’s wedding, in Venice, to Lauren Sánchez, who would surely float if she fell into a canal. As celebrities poured into a city already strained by tourism, and the happy couple was photographed frolicking in a literal foam party aboard a yacht, there was an almost refreshing, well, nakedness to the avarice, to the carelessness, to the not-giving of civic fucks. There was a reminder of the omnipotence and the utter loneliness at the commanding heights: you can get anyone you want to your wedding, and the people you want are the people you’d invite if you told your assistant to run to the dentist’s office, pick up People magazine, write down names in it, and invite them. These are people who have everything, and who don’t have the thing everybody else does.

The second was the inevitable announcement by multi-billionaire Mark Zuckerberg’s charitable foundation, run with his wife, Priscilla Chan, that it is no longer focused on ending all the diseases, as it once promised. Rather, in the Trump era, it is focused on things that would not be any trouble to Trump. “Can we cure all diseases in our children’s lifetime?” read a screen behind the couple at a rehearsal in 2016. The answer turns out to be: No. The Washington Post, owned by the oligarch in the above item, nonetheless rightly warned, in the Zuckerberg-Chan case, of “the risks for communities reliant on wealthy private donors.”

The third event was the passage today of Donald Trump’s and the Republicans’ budget, a document of searing meanness that former Labor Secretary Robert Reich calls the “Worst Bill in History” — a “giant budget-busting, Medicaid-shattering, shafting-the-poor-and-working-class, making-the-rich-even richer bill.” Like the Bezos wedding and the Zuckerberg-Chan pivot, the bill had one refreshing quality, though. It made zero effort to mask its ugliness. It said the cruel part out loud.

There is a nakedness to our oligarchy now, and it is pruny as hell. But at least there is this: As far as I can tell, the era of highly performative elite do-gooding is passing."

Sunday, October 27, 2024

‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives; The Guardian, October 26, 2024

, The Guardian; ‘Anticipatory obedience’: newspapers’ refusal to endorse shines light on billionaire owners’ motives

"When two American billionaires blocked the newspapers they own from endorsing Kamala Harris this month, they tried to frame the decision as an act of civic responsibility.

“I think my fear is, if we chose either one, that it would just add to the division,” Patrick Soon-Shiong, the biotech billionaire who owns the Los Angeles Times, said. He emphasised that though some might assume his family is “ultra-progressive”, he is a registered “independent”.

At the Washington Post, which reported that its billionaire owner, Jeff Bezos, was behind the decision, publisher William Lewis described the retreat from making presidential endorsements as “a statement in support of our readers’ ability to make up their own minds”.

Veteran journalists and media critics are using a very different phrase to describe Soon-Shiong’s and Bezos’s choice: they’re saying the two billionaires, among the richest men on the entire globe, are performing “anticipatory obedience” to Donald Trump.

Yes, “cowardice” has also been a popular way to describe the choice by the billionaire owners of two of the country’s major newspapers to not to risk angering Trump by allowing their papers to endorse his opponent.

But “anticipatory obedience” is more specific. The term comes from On Tyranny, the bestselling guide to authoritarianism by Timothy Snyder, a historian of eastern and central Europe. The phrase describes, in Snyder’s words, “the major lesson of the Nazi takeover, and what was supposed to be one of the major lessons of the twentieth century: don’t hand over the power you have before you have to. Don’t protect yourself too early.” It’s a way of describing what Europeans did wrong as totalitarians came to power: by “mentally and physically conceding, you’re already giving over your power to the aspiring authoritarian”, Snyder explains."