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Backing The Truck Up To The Government -- Tom Sullivan at Digby
https://digbysblog.net/2024/12/07/backing-the-truck-up-to-the-government/See embedded Chris Hayes video: https://www.msnbc.com/msnbc/embedded-video/mmvo226432069961
I’m neither rich enough nor libertarian enough to have invested my time in deciphering how cryptocurrency works, much less invested any of my money. But uber-rich crypto investors, Chris Hayes reports, now have a president-elect ready to backstop their funny money with public money. Even after watching his Friday night report, I still don’t understand how crypto works. But he confirms how oligarchy does.
Like much libertarian dogma, protestations by these shrugging Atlases that government stay out of the way of their Randian penis-enhancement schemes is so much Trumpian puffery. Government is not their enemy. It’s a tool of the moneyed class for making more money.
Matt Taibbi in his heyday understood this. He wrote in Griftopia (2011), “There are really two Americas.” For the grifter class, government is “a tool for making money,” while “in everybody-else land, the government is something to be avoided.”
Elon Musk invested — what other word is there for it? — over a quarter billion dollars in getting Donald Trump reelected. Now it’s time for Trump to pay dividends. Not from his own stash, of course. From America’s. “They’re just backing the truck up to the government,” Hayes warns.
Like much libertarian dogma, protestations by these shrugging Atlases that government stay out of the way of their Randian penis-enhancement schemes is so much Trumpian puffery. Government is not their enemy. It’s a tool of the moneyed class for making more money.
Matt Taibbi in his heyday understood this. He wrote in Griftopia (2011), “There are really two Americas.” For the grifter class, government is “a tool for making money,” while “in everybody-else land, the government is something to be avoided.”
Elon Musk invested — what other word is there for it? — over a quarter billion dollars in getting Donald Trump reelected. Now it’s time for Trump to pay dividends. Not from his own stash, of course. From America’s. “They’re just backing the truck up to the government,” Hayes warns.