For every dollar donated by billionaires and their immediate families to a candidate or committee associated with Democrats, five dollars went to Republicans.
Much of that was a result of ultrawealthy people in the tech industry, who aligned with Mr. Trump’s tax and deregulation policies. More than a dozen billionaires were awarded roles in his administration.
And these explicit money flows don’t capture the immense effect of other deployments of billionaires’ wealth, notably the subversion of both conventional and social media. Elon Musk purchased Twitter in 2022 and quickly began converting it into the Nazi-friendly cesspool it is today—and no, that’s not hyperbole. How much did this contribute to the degradation of public discourse? Paramount, controlled by Larry Ellison and run by his son, has taken over CBS News—which is rapidly going downhill—and is on the verge of taking over CNN too. And Jeff Bezos is gutting The Washington Post, although kudos to the remaining reporters who are still trying to do their jobs.
There is, however, something that is still puzzling me: To a large extent billionaires bought themselves a government friendly to their
The Billionaires’ War - Paul Krugman
https://paulkrugman.substack.com/p/the-billionaires-war
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