Sunday, September 3, 2023

How Musk, Thiel, Zuckerberg, and Andreessen - Four Billionaire Techno-Oligarchs - Are Creating an Alternate, Autocratic Reality | A 27-year-old investor building a retirement portfolio of $2 million in 8 years shares why he's heavily buying a fund paying a 12% annualized yield on a monthly basis with tax advantages | What's next for Disney as CEO Bob Iger works to streamline the company, cut costs, and make streaming profitable

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How Musk, Thiel, Zuckerberg, and Andreessen - Four Billionaire Techno-Oligarchs - Are Creating an Alternate, Autocratic Reality   

Four very powerful billionaires—Peter Thiel, Elon Musk, Mark Zuckerberg, and Marc Andreessen—are creating a world where "nothing is true and all is spectacle." If we are to inquire how we got to a place of radical income inequality, post-truth reality, and the looming potential for a second American Civil War, we need look no further than these four—"the biggest wallets," to paraphrase historian Timothy Snyder, "paying for the most blinding lights."

I call them the Technocrats, in recognition of the influence of the technocracy movement, founded in the 1930s by Elon Musk's grandfather, Joshua Haldeman. The Technocrats make up a kind of interlocking directorate of Silicon Valley, each investing in or sitting on the boards of the others' companies. Their vast digital domain controls your personal information; affects how billions of people live, work, and love; and sows online chaos, inciting mob violence and sparking runs on stocks. These four men have long been regarded as technologically progressive heroes, but they are actually part of a broader antidemocratic, authoritarian turn within the tech world, deeply invested in preserving the status quo and in keeping their market-leadership positions or near-monopolies—and their multi-billion-dollar fortunes secure from higher taxes. ("Competition is for suckers," Thiel once posited.)

Indeed, they are American oligarchs, controlling online access for billions of users on Facebook, Twitter, Threads, Instagram, and WhatsApp, including 80 percent of the US population. Moreover, from the outside, they appear to be more interested in replacing our current reality—and our economic system, imperfect as it is—with something far more opaque, concentrated, and unaccountable, which, if it comes to pass, they will control.

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Want to accelerate software development at your company? See how we can help.

NUS - Chief Strategy Officer Programme



Want to accelerate software development at your company? See how we can help.

NUS - Chief Strategy Officer Programme


Want to accelerate software development at your company? See how we can help.

NUS - Chief Strategy Officer Programme


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