
@remixtures@tldr.nettime.org We are finding out in real time what will happen when the authoritarian regime in the USA is too harsh on billionaires.
Don’t assume this power will be used for the benefit of the people. It will be used for the benefit of the authoritarians.
China’s model is not one we should wish to copy, but we are.
@remixtures@tldr.nettime.org All of the billionares that weren’t in on the recent insider trading scam lost a large fraction of their wealth. It’s the same principle as the CCP - terrorize the wealthy into compliance and paying off the top authoritarian. You think China paid off Trump for the Apple/Google tariff exemption? Of course not. Apple/Google paid off Trump.