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#wealth

3 posts3 participants0 posts today

Ukraine is the front line in battle against #OligarchicCapitalism

War in #Ukraine not just fight for national sovereignty, it’s a battle at crossroads of collapsing global order

#War exposed an #economic system that has concentrated #wealth, #power, decision-making into the hands of a few

Will this war serve as yet another chapter in story of #oligarchs & corporate elites profiting from conflict while ordinary people #suffer?

kyivindependent.com/ukraine-is

The Kyiv Independent · Ukraine is the front line in the battle against oligarchic capitalismBy Graden Keller

Huge win. Huge. Canadian Court upholds government restricting crypto bullshit use of electricity

"B.C. wins case for power use limits by cryptocurrency miners"

(Its not "mining" its wanking, nothing produced, nothing mined)

"The decision upheld an earlier court ruling against Conifex Timber Ltd., a forestry company located in Prince George .... The company was seeking unrestricted access to B.C. electricity."

nationalobserver.com/2025/03/1

Canada's National Observer · B.C. wins case for power use limits by cryptocurrency minersThe appeal court ruled that B.C. Hydro has the right to act in the public interest – in this case, to protect BC’s electricity supply and contain electricity prices for ratepayers.
Replied in thread

The Fascist Tech Bro Takeover Is Here
theindex.media/the-fascist-tec

"Musk's $277 million campaign contribution secured him unprecedented access to the levers of #Government & cemented his grip on the #political machine... Musk's influence has infected every arm of Govt. And he is using his #wealth, his control of Twitter's husk, & his presence in the #Trump orbit to steer the country away from #democratic principles & toward oligarchic rule."

Benn Jordan does it again: “You are witnessing the death of American capitalism”.

Great video, great insights. Rings true, with all that’s happening around us today. The Great Techbro Takeover is real, and it’s because once you accumulate enough wealth, money in itself ceases to be an important measure of wealth.

It’s a long watch, but a good one. Please check it out.

#capitalism #philosophy #money #wealth #power

youtube.com/watch?v=gqtrNXdlra

Replied in thread

Fight fascism & Elon Musk by taking down Tesla
micahflee.com/fight-fascism-an

"On paper, #ElonMusk is the richest person in the world, but his money... resides in his stake in #Tesla, a wildly overvalued publicly traded company...

movement against Tesla... knocking billions of dollars off Musk's net worth and potentially even causing his #wealth – which honestly is a house of cards built on top of #fraud & over-hyped Tesla stock – to collapse."

Just saw this cartoon posted on the enshittified, dying legacy blogging platform a few worthwhile writers still use. The article says the cartoon is banned on the enshittified, dying legacy social media platform still used by a few worthwhile people - and a lot more worthless ones. (Hint: it's now owned by the cartoon's subject, Cylon Musk.)

Good cartoon, imo.

Replied in thread

Elon Musk’s Open Corruption Revealed in New FAA Plans

The Federal Aviation Administration is now going after one of Starlink’s main competitors.
newrepublic.com/post/192077/el

"The #FAA is reportedly planning to ditch a $2.4 billion contract with #Verizon in favor of a deal with Elon Musk’s #Starlink.

The move would be a blatant favor to the #tech mogul... and further increase the #wealth and power of the [South African immigrant]"

WaPo, but it’s an exclusive 🤷🏼‍♀️ #GiftArticle

#ElonMusk’s business empire is built on $38B in #GovernmentFunding

Govt infusions at key moments helped #Tesla & #SpaceX flourish, boosting Musk’s #wealth

#Musk & his cost-cutting US #DOGE Service team have been on a mission to trim govt largesse. Yet Musk is one of the greatest beneficiaries of the taxpayers’ coffers.
#hypocrisy #USpol #law #economy #business #finance #tech #FederalAgencies #FederalWorkers #kleptocracy
wapo.st/41uIOJ4

The Washington Post · Elon Musk’s business empire is built on $38 billion in government fundingBy Desmond Butler, Trisha Thadani, Emmanuel Martinez, Aaron Gregg, Luis Melgar, Jonathan O'Connell, Dan Keating

Corporations dig deeper: using bunkers to secure data (and their CEOs)

semafor.com/article/02/20/2025

Large corporations are shopping for underground bunkers that can survive a nuclear blast to protect their data centers and C-suite employees as geopolitical tensions rise. The first adopters are primarily cryptocurrency firms, companies that build the facilities told Semafor.