Showing posts with label plutocrats. Show all posts
Showing posts with label plutocrats. Show all posts

Friday, December 20, 2024

Elon Musk is becoming a one-man rogue state – it’s time we reined him in; The Guardian, December 20, 2024

 , The Guardian; Elon Musk is becoming a one-man rogue state – it’s time we reined him in

"Elon Musk is, more or less, a rogue state. His intentions are self-serving and nefarious, and his nation-state level resources allow him to flout the law with impunity...

The sheer immorality of any one person possessing so much wealth is obvious to most people with basic amounts of empathy. But when it comes to Musk and the other 14 people worth more than $100bn, the morality of it is almost a secondary concern. Their individual wealth is a society-distorting threat to democracy in the same way that economics has always recognised monopolies to be dangerous to a functional market...

Plutocracy is not enough, though, because nothing is ever enough for the handful of men who have everything. Musk’s new obsessions (beyond the validation and human affection that he mistakenly believes he will find on social media) are attacking public servants, slashing social spending and going after the most vulnerable...

When rogue states behave this way – election interference, active disinformation campaigns, social media manipulation – other states call them out, or even impose sanctions. Musk is not simply a private citizen with an opinion and a large following. His sheer wealth, his control of X, and his new position within the US government place him in a different category...

Soon it will be the EU’s turn. What the union owes its citizens is not to play nice or mete out a meek slap on the wrist over the various alleged legalviolations by Musk and X that are under investigation, it’s to firmly and intently show that even interplanetary amounts of wealth don’t mean impunity, and that some things – like democracy – are not for sale."

Thursday, May 25, 2017

The Trump scandal that has nothing to do with Russia; Washington Post, May 24, 2017

E.J. Dionne Jr., Washington Post; The Trump scandal that has nothing to do with Russia

"And it is worth noting, as Ronald Brownstein did in the Atlantic, that in the five Rust Belt states that swung from Barack Obama to Trump, whites without a four-year college degree — the heart of the Trump constituency — “constitute most of those receiving assistance” from food stamps and the parts of Social Security that Trump would also slash. If Trump really wants people to go to work, how does he think taking money away from job training and college assistance will ease their path to self-sufficiency?

Martin Wolf, the Financial Times columnist, captured Trump’s ideology with precision when he called it “pluto-populism.” It involves “policies that benefit plutocrats, justified by populist rhetoric.”"