Influence of Wealthy Tech Entrepreneurs in American Politics

Liberal democracies need to restore entrepreneurial opportunity and competition. The influence of billionaires on American politics is growing, with Silicon Valley billionaires shifting money to the populist Republican Party. Wealthy tech entrepreneurs are feared to dominate American politics, imposing a progressive agenda and limiting dissent. Mackenzie Scott has donated billions post-divorce. Trumpist populism challenges oligarchic power, but corporate concentration remains an issue.

Steve Bannon's caution to Republicans about tech 'oligarchs'

Steve Bannon warns Republicans about fully embracing tech 'oligarchs' like Mark Zuckerberg and Elon Musk, highlighting concerns about their influence and potential betrayal. He expresses distrust in these billionaires and emphasizes the need for tough antitrust measures. Bannon also criticizes Musk's approach and warns against cutting Medicaid.