And yet legions of lemmings still idolize them.

“The revelation that billionaires are not exceptional except for the size of their net worth marks a schism from the idea that the wealthy are demigods. Silicon Valley’s billionaires insist that technology will transform and save the world. The infamous robber barons, like Carnegie and Rockefeller, often remade their image, after a career of exploiting their workers, as magnanimous philanthropists.”

https://www.vox.com/the-goods/2022/12/20/23509726/billionaire-vibe-shift-elon-sbf-2022

#Musk #News #Twitter

Elon Musk, Sam Bankman-Fried, and the billionaire vibe shift

It was the year the billionaires showed who they really are.

Vox
@Deglassco I think the fact that so much wealth is consolidated into the hands of so few is a huge problem that is under appreciated. I believe it's at the root of may other problems we have.
@72wagon Certainly, it’s a large cause of social and economic instability.
@Deglassco Very true. I think it's becoming more and more clear how much the billionaire class exerts undue political and economic control over everyone else.
@72wagon Yes, a very real threat to global security.