r/technology • u/DontFearTheCreaper • 1d ago

Social Media Tech CEOs who grinned behind Trump at inauguration lose billions in wake of tariffs

https://www.independent.co.uk/news/world/americas/us-politics/trump-tariff-bezos-musk-zuckerberg-b2727147.html
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u/clueless_as_fuck 1d ago

It's pretty obvious at this point that this is the plan.

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u/DouglasHundred 1d ago

I mean, it's an economic system they designed to work for their exclusive benefit, so it's hardly a surprise.

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u/ovirt001 1d ago edited 1d ago

There was a period of a few decades where taxes and regulations reined in wealth concentration. Since the 80s that has been carefully rolled back.

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u/kos-or-kosm 1d ago

That was always going to fail. Capitalism as a system concentrates power. Enough power was always going to pool into a small enough number of hands that the powerful could capture the government. It's the inescapable outcome of any system that concentrates power.