PanamaTimes

Wednesday, Jan 15, 2025

0:00
0:00

Why Do Tech Executives Support Kennedy Jr.?

Robert Kennedy Jr. is running for the Democratic presidential nomination. The support of tech executives for him reminds Paul Krugman of Henry Ford, in a negative sense.
Robert Kennedy Jr., a candidate for the Democratic presidential nomination, is a nutcase - claims Prof. Paul Krugman in The New York Times. His views are a mix of right-wing fantasies with remnants of the progressivism he once embraced: pushing for Bitcoin, anti-vaccine conspiracy theories, claims that Prozac causes massacres, opposition to aid to Ukraine. If it weren't for his family name, no one would pay attention to him - and despite his family name, he has zero chance of winning the nomination.

But now, as Ron DeSantis's campaign seems to be not taking off, Kennedy is suddenly receiving support from some big names in Silicon Valley. Twitter founder, Jack Dorsey, announced his support for him and several other prominent tech figures are helping him raise funds. Elon Musk hosted him on "Twitter Space". What does this say about the role of high-tech billionaires in American politics?

It seems that what attracts some tech types to RFK Jr. is his contrarianism - the scorn he shows for conventional wisdom and expert opinions. Therefore, Krugman says, a few words must be said about being "contrary to sense". The sad but true fact is that most of the time - conventional wisdom and experts are right; but there is a significant advantage in finding the places where they are wrong. For this, a delicate balance is needed between excessive skepticism towards accepted assumptions and over-credibility.

In this balancing act, it is very easy to fall on the wrong side. When I was young and ambitious - Krugman testifies about himself - I rolled my eyes at older economists, whose response to every new idea was "it's obvious, it's wrong and I said it in 1962"; today he fears that he himself has become such a type. On the other hand, always saying the opposite is a brain-destroying poison, in the words of economist Adam Ozimek. Those who get addicted to this poison, he continues, "lose their ability to judge others that they themselves consider contrarians, cannot distinguish between good and bad evidence and they deteriorate into a low-grade hobby of saying the opposite."

The high-tech guys are immediate suspects of such negative contrariness. Their financial success convinces them that they are especially brilliant and that they can deal with any topic without needing to consult those who work hard to understand the issues. In many cases, they get rich by breaking the conventional wisdom, which makes them believe that this approach is always right. Then they surround themselves with those who tell them what they want to hear, and if they talk to someone else at all - it's with their likes. This explains the strange opinions recently adopted by billionaires.

Krugman wants to add his own speculation. It may be odd to see significant capitalists and influencers buying conspiracy theories about world ruling elites; aren't they the elite themselves? But Krugman guesses that celebrities and the rich may be especially frustrated by their inability to control events or even prevent their trolling online. So instead of coming to terms with the fact that the world is a complex place where no one is in control, they embrace the idea that there is a group of villains chasing them. There is a precedent for this: Henry Ford, who financed the English translation of "The Protocols of the Elders of Zion".

In any case, what we are seeing now is extraordinary. The craziest faction in American politics right now is not blue-collar men in red hats in diners, but high-tech billionaires living in huge estates and flying in private jets. On some level, this is pretty funny. But unfortunately, these people have enough money to do serious damage."
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
California Wildfires Set to Become Costliest in U.S. History
Chief Justice Roberts Warns Against Threats to Judicial Independence
Generation Z Faces Scrutiny Over Workplace Readiness
Democrats Call on Biden to Protect Controversial Temporary Protected Status Program
Trinidad and Tobago Declares State of Emergency as Murder Rates Surge
Migrant Children Abandoned at U.S.-Mexico Border
The Closure of the Global Engagement Center: Controversy, Claims, and Conclusions
The American Democrats Party Strives to Rise from the Ashes
Trump Nominates Kevin Marino Cabrera as Ambassador to Panama Amid Canal Dispute
Texas Congresswoman Kay Granger Located in Nursing Home Following Six Months of Inactivity
A large group of unauthorized migrants is traveling through Mexico with the aim of reaching the USA before Trump assumes office.
A Democrat Congresswoman with blue and black hair is having a breakdown over "President Musk."
Argentina Defies Predictions with Record $17 Billion Trade Surplus, But Is the Growth Sustainable?
Disney's High Seas Gamble: Navigating the Waters of Cruise Expansion
The Surprising Impact of Extreme Heat on Mexico's Youth
Polarization: The Word That Unites a Divided Era
Exoneration in the Subway: The Complexities of Self-Defense and Public Safety
The Tragic Passing of UnitedHealthcare CEO Highlights Corporate Security Challenges
Global Developments: Violence in Sinaloa, Political Chaos in the Bahamas, Venezuelan Voting Disputes, and a Major UK Drug Bust
OpenAI and Anduril: Charting AI's Path in Modern Warfare
The Pardon of Hunter Biden: A Symbol of Hypocrisy
Biden Crafted the Strategy Used by Trump
South Korea's Democracy Tested: President Yoon’s Martial Law Reversal Sparks Political Reckoning
Seoul Crisis: Yoon Suk Yeol's Martial Law Blunder Triggers Political Upheaval
Generative AI's Limited Impact on Elections Highlighted by Meta
France at the Precipice: Barnier’s Administration Confronts Unprecedented No-Confidence Vote
Jaguar Unveils Electric Concept Car, Type 00
White House Defends Presidential Pardon of Hunter Biden
xAI by Elon Musk: Transforming Ambition with a $50 Billion Valuation
President-elect Donald Trump, has announced on Truth Social that Kashyap "Kash" Patel, will be the next Director of the FBI
A Historic Milestone or Risky Precedent? The Assisted Dying Bill Splits both Parliament and the Nation in England and Wales
Trump's Tariff Threat Looms Large as Trudeau Heads to Mar-a-Lago for Talks
Canada's Oil Industry Faces Uncertainty Amidst Trump's Tariff Threat
World Court to Assess Global Legal Responsibilities on Climate Change
What the Pink Elephant Test Reveals About Thought Control
Trudeau Visits Trump in Florida Amid Rising Tariff Concerns
Is Elon Musk the Unofficial President of America?
Impact of Proposed US Tariffs on Canadian Oil Exports
U.S. policymakers face a contentious debate over whether to engage with Nicolás Maduro's regime in Venezuela.
COP29's Carbon Trading Deal Faces Major Criticisms
Indian Diplomats in Canada Monitored: Government Raises Alarm
Putin Warns Trump of Ongoing Safety Concerns
Claudia Sheinbaum Challenges Trump's Migration Claims
Insights from Dostoevsky: The Impact of Self-Deception
Trump Administration Nominees Face Threats, FBI Confirms
Elon Musk Criticizes Fighter Jets, Advocates for Drone Warfare
Kim Kardashian's Social Media Activity Fuels Political Speculation
An Examination of AI's Influence on Future Work and Life
Tulsi Gabbard's Contentious Nomination for Director of National Intelligence
$100,000 Trump Watch Faces Slow Sales
×