Musk buying twitter, Bezos buying WaPo, Ellison buying CBS—all are less profitable now. But they’re political investments that increase the value of the new owners’ portfolios
Wealth concentration makes this possible, and that’s one mechanism by which inequality destroys democracy
Someone at work shared this today. Amazingly, the tweet is still live.
Not sure any human alive is responsible for more death and destruction on a per-capita basis than Elon Musk... 🤔
T. Greg Doucette
Jake Grumbach
For the good of the entire open source community and all open source contributors, these people need to be sued into the ground
A problem with authoritarianism and media conglomeration is that the owners of these media companies don't care if they are profitable so they use them rather to send signals to the authoritarian who wields control over their profit-making businesses.
When they tell you it's the baby boomers retiring that caused this they are lying. If demographics were all it was we'd be solvent for another 30 years.. The 1983 reforms were designed to absorb the boomer retirement spike.
The larger reason we are hovering on the 2032-2035 zone as opposed to the mid 2060s and have been for 15 plus years is through massive unaccounted for earning inequality since 1983 and the insufficient fiscal response to the Great Recession.
