25min chapter

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E50: Elon Musk’s Move Into Politics: Yanis Varoufakis and Cory Doctorow on Fighting Billionaire Control

DiEM25

CHAPTER

Capital, Control, and the Rise of Cloud Capital

This chapter explores the historical connections between big business and government, particularly focusing on figures like Rockefeller and Ford, and the emergence of 'cloud capital' as a means of manipulating economic systems. The discussion critically analyzes the role of modern tech magnates like Elon Musk in shaping political landscapes and the potential threats posed by monopolistic practices and exaggerated technological promises. Participants engage in a broader reflection on the implications of billionaire influence on democracy and market structures, while advocating for a grounded approach to technological advancements.

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