Yanis Varoufakis Critiques Big Tech's Influence in Trump's Administration - PRESS AI WORLD
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Yanis Varoufakis Critiques Big Tech's Influence in Trump's Administration

share-iconSaturday, January 04 comment-icon2 weeks ago 6 views
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Yanis Varoufakis Critiques Big Tech's Influence in Trump's Administration

Credited from: LEMONDE

  • Yanis Varoufakis highlights the paradox of wealth controlling democratic freedom, referencing a 1952 insight by Aneurin Bevan.
  • He describes the rise of the "broligarchy", a group of billionaires supporting Trump's agenda to enrich themselves.
  • At a Mar-a-Lago meeting, these leaders conspire to maximize their financial gains during Trump's anticipated second term.
  • In a brief timeframe after securing Trump's presidency, they reportedly gained hundreds of billions in wealth, with Palantir and Tesla stocks soaring dramatically.
  • In return for their investments, Big Tech receives massive public contracts, reduced regulatory oversight, and increased bargaining power.

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