American capitalism is run by millionaires, not billionaires

andsoitis 13 points 8 comments June 10, 2026
www.economist.com · View on Hacker News

Discussion Highlights (6 comments)

pinewurst

https://archive.ph/alWe8

Ancalagon

You mean except the billionaire in the presidency man-handling the oil crisis?

zug_zug

I feel like the title needs to be clarified -- the premise of this article is that they also found people with 25-50m who were causing corruption. So it should be called "Some Multi Milloinaires are corrupt too!" Doesn't mean that billoinaires aren't, because billoinaires obvious couldn't care less about your local car dealerships, they'd be operating at a much higher level (e.g. preventing the import of cars from China, forcing their nonsense stocks into your retirement account, being president).

nobody77

People who are not a billionaire or millionaire are corrupt too. So boring the kids are still complaining about people who have more money than them.

nobody77

People who are not a billionaire or millionaire are corrupt too. It's so boring the kids are still complaining about people who have more money than them. The only person that is keeping you down is yourself.

1shooner

>Barrels of newspaper ink have, for instance, been spilled over the political influence of Elon Musk, who may soon become the world’s first trillionaire. Far fewer have been dedicated to explaining why most American states ban or severely limit carmakers, including Tesla, from selling vehicles directly to customers. This is a terrible example. Musk has changed the laws in 15 states to exempt Tesla specifically from these bans.

Semantic search powered by Rivestack pgvector
10,094 stories · 94,891 chunks indexed