The New Captains Of Industry

The New Captains Of Industry

Except, no industry, and very little real world experience, or common sense.

Churning oceans of money with algorithms and privilege. Absolutely no sense of noblesse oblige.

Welcome our new overlords. N.B. They don't like other people very much.

Originally shared by ****

From March, and long-ish, but a terrific read. Worth your time.

“Robert Mercer now owns a sizeable share of the United States Presidency.” Potter, a Republican, sees Mercer as emblematic of a major shift in American politics that has occurred since 2010, when the Supreme Court made a controversial ruling in Citizens United v. Federal Election Commission. That ruling, and several subsequent ones, removed virtually all limits on how much money corporations and nonprofit groups can spend on federal elections, and how much individuals can give to political-action committees. Since then, power has tilted away from the two main political parties and toward a tiny group of rich mega-donors.
https://www.google.com/amp/www.newyorker.com/magazine/2017/03/27/the-reclusive-hedge-fund-tycoon-behind-the-trump-presidency/amp

Comments

  1. Drew McCarthyAugust 4, 2017 at 6:41 AM

    Yes, well. Important to note that this guy has done this with Other People's Money. And when the Other People are poked with Populist pitchforks (not to mention the ire of us Right Thinking folk), they'll turn on him, and each other.
    Eventually.

    ReplyDelete

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