Ultrarich tech elites are becoming much more prominent in American politics—and they don’t care who knows it, @alibreland writes.
The energy is different now. “There’s a real shift in ruling-class vibes,” Rob Larson, an economics professor who has written about the new ultrarich and Silicon Valley’s influence on politics, told me. Many of America’s plutocrats seem not to care if people know that they’re trying to manipulate the political system and the Fourth Estate in service of their own interests. Billionaires such as Andreessen and Ackman are openly broadcasting their political desires and “definitely feeling their animal spirits,” Larson said. Or, as the Northwestern University political-science professor Jeffrey Winters put it in a postelection interview with Slate, this feels like a moment of “in-your-face oligarchy.”
Regardless of its provenance, the practical impact of this behavior is a less equal system. Many people are worried about President-Elect Donald Trump’s forthcoming administration’s corrosive effects on democracy. The corrosion is already happening, though. A particularly vocal subset of the ultrarich is steering the ship, and doesn’t care who knows.