“Our Coming Plutocracy”

Francis Fukuyama for Persuasion warning, in particular, about the latest moves from Elon Musk and especially Larry Ellison. The latter, with his son, are seeking to (in Fukuyama’s words) “control a vast array of outlets, both legacy and new media, that will allow them to directly influence American politics.” There is also this snippet:

“The Supreme Court’s 2010 Citizens United decision that declared campaign spending to be protected by the free speech provisions of the First Amendment looks worse and worse as time goes on. Context matters here: corporations and wealthy individuals may have speech rights, but concentrations of wealth in the United States have gotten so extreme that the speech of a few individuals is vastly more impactful than that of the rest of us.”

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