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#plutocracy — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #plutocracy, aggregated by home.social.

  1. "The Trump administration has likened the need to build out the nation’s artificial intelligence infrastructure to the Manhattan Project, the World War II effort that produced the world’s first atomic bomb.

    The White House’s point person on the effort, Interior Secretary Doug Burgum, has spoken of the “AI arms race” with China as an existential issue for the nation. “AI is manufacturing intelligence, and, if we don’t manufacture more intelligence than our adversaries, it affects every job, every company and every industry,” he said during his Senate confirmation hearing in January 2025.

    But advancing the administration’s AI objectives also could benefit Burgum’s own finances.

    Much of his wealth is held in Arthur Ventures, an investment firm he co-founded, according to his 2026 financial disclosure form, which has not been previously reported. Between $18.1 million and $64.4 million of those investments are in AI companies, according to an analysis of the companies’ marketing materials shared with ProPublica by public lands advocacy group Save Our Parks. (Government financial disclosure forms allow filers to report wide ranges instead of the specific value of their investments.)"

    propublica.org/article/burgum-

    #USA #Trump #BigTech #Plutocracy #MAGA #AI #DataCenters #Kleptocracy

  2. "Up and down the ballot, in all states, voters were generally given the choice between largely normal people trying to fight for the working class and sycophantic cartoon supervillains, nepo picks, fumbling buffoons, and Twitter trolls seeking to enable the regime and Big Tech’s vision of the future, where AI CEOs become trillionaires and everyone else loses their job to a robot and breathes methane gas from the data centers in their backyards. It turns out that from Michigan to Mississippi (yes, Mississippi), people are done accepting “bad things happening” for the benefits of the richest people in the world. Nominally, there were a lot of issues at play in this election, but there is, really, only one issue. There is a vision of the world focused on improving the wellbeing of average people and there is a vision of the world that focused on making a few dozen people in Silicon Valley and Washington, D.C. even richer and more powerful. Newly-elected Texas Democratic Gov (!?!?) Gina Hinojosa recently made this clear to the New York Times, which still doesn’t get it.

    Hinojosa crushed three-term incumbent governor Greg Abbott by running as an “economic populist,” a label the media has wrongly given to Trump and MAGA because they villainize immigrants and trans people but govern like oligarchs. “We are facing an existential crisis in this country because tech giants are having their way with us,” Hinojosa recently told the New York Times, who, like normal, had fully missed the point.

    “There is one fight,” she added, referring to the people vs the oligarchs. Now, Democrats need to govern like it."

    404media.co/there-is-one-fight

    #USA #Politics #Elections #Midterms #BigTech #Plutocracy #SiliconValley

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