Scott Boehmer

Tag: Billionaires

  • Billionaires Are Not Like Us

    Now, here we are, an era in which the men of cyber industry — having monopolized goods distribution, security algorithms, internet satellites, social networks, and our attention — have seen fit to attempt a sort of siege on the American government. Is this techno-­fascism? Sure! Should it concern us that power and tech — and the power of tech — are so concentrated in so few hands and that Trump appears to be a Trojan horse for Silicon Valley’s most neo-reactionary ambitions? Absolutely! Do we want America remade in the image of a tech startup by men who like to move fast and break things (especially when most of the systems they’re breaking are ones that they, in fact, would never rely on)? Not I! But also: What is going on with this idea that humans should even want to live in space? What sort of lack of reality testing are we dealing with here?

    Alex Morris

    What You’ve Suspected Is True: Billionaires Are Not Like Us (Rolling Stone)

  • Emulating Trump’s Lack of Decency

    Even the way people on Wall Street talk and interact is changing. Bankers and financiers say Trump’s victory has emboldened those who chafed at “woke doctrine” and felt they had to self-censor or change their language to avoid offending younger colleagues, women, minorities or disabled people.

    “I feel liberated,” said a top banker. “We can say ‘r****d’ and ‘p***y’ without the fear of getting cancelled . . . it’s a new dawn.”

    Some Wall Streeters also feel able to embrace making money openly, without nodding to any broader social goals. “Most of us don’t have to kiss ass because, like Trump, we love America and capitalism,” one said.

    FT Reporters

    Is corporate America going Maga? (Financial Times)

  • A Second Gilded Age

    Now, more than a century later, America has entered a second Gilded Age.

    Monopolies are once again taking over vast swaths of the economy. So we must strengthen antitrust enforcement to bust up powerful companies.

    Now another generation of robber barons, exemplified by Elon Musk, is accumulating unprecedented money and power. So, once again, we must tax these exorbitant fortunes.

    Wealthy individuals and big corporations are once again paying off lawmakers, sending them billions to conduct their political campaigns, even giving luxurious gifts to Supreme Court justices. So we must protect our democracy from Big Money, just as we did before.

    As it was during the first Gilded Age, voter suppression is too often making it harder for people of color to participate in our democracy. So it’s once again critical to defend and expand voting rights.

    Working people are once again being exploited and abused, child labor is returning, unions are being busted, the poor are again living in unhealthy conditions, homelessness is on the rise, and the gap between the ultra-rich and everyone else is nearly as large as in the first Gilded Age.

    So once again we need to protect the rights of workers to organize, invest in social safety nets, and revive guardrails to protect against the abuses of great wealth and power.

    Robert Reich

    From the Robber Barons to Elon Musk: Will History Repeat Itself? (Robert Reich)

  • Elon Musk, the Right, and Wikipedia

    Similar attacks on speech are becoming only more common throughout the American right, with president-elect Trump’s longstanding hostility to the media escalating at a rapid clip. In recent months, Trump has suggested he wouldn’t mind if reporters were shot, threatened to jail journalists, editors, and publishers who refuse to reveal confidential sources, threatened to investigate or pull broadcasting licenses for news organizations that reported on him unflatteringly, and filed SLAPP suits of his own against news publications and pollsters.

    This hostility to information sources outside their control extends far beyond the media. Right-wing groups have launched coordinated campaigns to ban books from schools and libraries, particularly those discussing race, gender, or LGBT topics. They’ve pushed legislation like the “Kids Online Safety Act” that, while framed as protecting children, would require platforms to restrict access to information deemed “harmful” or “inappropriate for minors”, which is likely to include resources for LGBT youth and information about reproductive or gender-affirming healthcare, sexual education, or mental health. And they’ve supported state-level laws requiring internet platforms to implement age restrictions that threaten privacy and are vulnerable to weaponization against content deemed “obscene”. The common thread connecting these efforts is not protecting children or promoting “family values,” but controlling what information people can access.

    Molly White

    Elon Musk and the right’s war on Wikipedia (Citation Needed)

  • A System Built to Eat People Never Stops Eating

    So I live in a nation, and so do you, maybe. Nations are made-up things, but they are wicked popular these days. They’re literally everywhere. Mine is called “The United States of America,” and growing up I was told that it was the greatest best country in the whole world and of all forever times, and I believed it, too. There was even a rumor going around that God loved us most, which even as a kid seemed fishy to me, but damn if a lot of people didn’t believe it.

    …

    This nation was founded in the traditional belief that creating wealth by consuming human beings—owning them and using them and murdering them—was not only good, but goodness; generative, nurturing, sustaining. This nation was founded in the belief that the proof that winners are noble is that they had won, and the proof the losers are savage is that they had lost, and so the winners should have not only wealth but all exoneration, while the losers should have not only poverty but all consequences.

    A. R. Moxon

    A System Built to Eat People Never Stops Eating (The Reframe)

  • Silicon Valley Heads to Mar-a-Lago

    When Zuckerberg visited Mar-a-Lago on the evening before Thanksgiving, he and other guests reportedly stood with hands over hearts while listening to a recording of the national anthem sung by people accused of January 6–related crimes. Whether Zuckerberg knew who the singers were is unclear. But the scene was uncanny given that January 6, when it happened, was a bright-red line for the tech industry. Facebook, Twitter, Instagram, and Twitch banned or suspended Trump, and companies such as Amazon paused donations to election deniers. Now, with the arrival of Trump 2.0, that red line has been erased entirely.

    Lora Kelley

    Silicon Valley Heads to Mar-a-Lago (The Atlantic)

  • The Dangerous Ideas of “Longtermism” and “Existential Risk”

    By reducing morality to an abstract numbers game, and by declaring that what’s most important is fulfilling “our potential” by becoming simulated posthumans among the stars, longtermists not only trivialize past atrocities like WWII (and the Holocaust) but give themselves a “moral excuse” to dismiss or minimize comparable atrocities in the future. This is one reason that I’ve come to see longtermism as an immensely dangerous ideology. It is, indeed, akin to a secular religion built around the worship of “future value,” complete with its own “secularised doctrine of salvation,” as the Future of Humanity Institute historian Thomas Moynihan approvingly writes in his book X-Risk. The popularity of this religion among wealthy people in the West—especially the socioeconomic elite—makes sense because it tells them exactly what they want to hear: not only are you ethically excused from worrying too much about sub-existential threats like non-runaway climate change and global poverty, but you are actually a morally better personfor focusing instead on more important things—risk that could permanently destroy “our potential” as a species of Earth-originating intelligent life.

    Émile P. Torres

    The Dangerous Ideas of “Longtermism” and “Existential Risk” (Current Affairs)

  • Why Billionaires Obey in Advance

    The Trump administration is being actively taught right now that it can expect the full cooperation of the leaders of industry. Why are they offering themselves without being asked? Because that’s what they’re trained for.

    The myth of the moral billionaire has dogged me my entire career. For years I’ve been reassured by people inside and outside the power structure of Silicon Valley that the moral judgement of people at the top of major companies was so reliable that it required no real oversight.

    Jacob Ward

    Why Billionaires Obey in Advance (The Rip Current)