The Underlying Problem (Hamilton Nolan) — “This is happening because some people are too rich.”
The significant thing about the way that Elon Musk is presently dismantling our government is not the existence of his own political delusions, or his own self-interested quest to privatize public functions, or his own misreading of economics; it is the fact that he is able to do it. And he is able to do it because he has several hundred billion dollars. If he did not have several hundred billion dollars he would just be another idiot with bad opinions. Because he has several hundred billion dollars his bad opinions are now our collective lived experience.
And it’s not just Musk:
We have allowed too few people to accumulate too much wealth. The imbalance has grown so severe that a tiny number of individuals with twelve-figure net worths have the means to purchase so much political power that they can effectively make the federal government’s decisions.