Herland Report: Tesla Elon Musk and the Corona Redistribution of Wealth: The Green Wave Corona virus makes “philanthropist” billionaires world’s richest now, as funding pours into the hope of a better world post Covid.
Musk is now the richest man in the world, second only to Jeff Bezos – whose fortune also has rocketed massively during Corona. And Amazon is wonderful, it must be said. One may, for example, purchase items straight from the producer in China much cheaper than if bought in a Western retail store. The revolution is massive.
Bill Gates, whom Musk recently called a “knucklehead” is left behind, the same goes for Facebook’s cheeky face boy Mark Zuckerberg, who a few years ago sat in a student dorm and thought up a plan together with his friends.
Musk’s wealth now stands at $127.9 billion after adding $100.3 billion to his net worth in just this year alone. ZeroHedge writes: We noted back in October that Musk’s compensation had reached $11.8 billion at the same time Tesla was was working on a $5.6 billion accumulated deficit, as per the company’s last 10-Q. According to the Bloomberg’s Billionaire Index, we have seen the richest men alive have their wealth rise 23% – or $1.3 trillion – during Corona and the beginning of the year.
We live in a world where big tech and young boys become the world’s richest, with power to sway opinion in a highly questionable manner. They reportedly rule the world and the Western politicians in it.
The lack of state regulations for the high tech monopolies is dramatic. George Soros also pointed this out in one of his interviews that the market is in desperate need for better regulations.
Yet, the companies he manages are not registered in the USA. In the CBS “60 Minutes” interview he confirms that this is done in order to avoid regulation.
So, governments lose power and private capital takes over the government’s former role.
Elon Musk richest man: The Massive Corona Redistribution of Wealth: Many have noted that the Corona virus has proven to be a massive opportunity to speed up the wished for economic progress that makes possible the enormous transfer of wealth from the middle class to the philanthropic upper classes.
Covid is set to last for some time, or as long as possible before the population revolt becomes too much.
Ruled by philanthropic billionaires
Elon Musk richest man: The Massive Corona Redistribution of Wealth: As almost all the billionaires now are labelled “philanthropic”, this seems to be part of the merging of economy and politics. They are set to take the philanthropic responsibility of caring for us all, not only for personal capital gain?
Are we to understand Klaus Schwab, founder and Executive Chairman of the World Economic Forum correctly, he hopes for the end of neoliberalism and points rightfully out that: “Free-market fundamentalism has eroded worker rights and economic security, triggered a deregulatory race to the bottom and ruinous tax competition, and enabled the emergence of massive new global monopolies.”
And: “Trade, taxation, and competition rules that reflect decades of neoliberal influence will now have to be revised. Otherwise, the ideological pendulum – already in motion – could swing back toward full-scale protectionism and other lose-lose economic strategies.”
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Who would think the Feudal System of overlords would return to dominate the West in the 21st Century, yet here we are with heavy global monopolies.
The question becomes: If the richest businessmen and investors alive are philanthropically preoccupied with the welfare of the human race, would that mean that they have the population’s best interest at heart? And are better leaders than democratically elected politicians? Maybe.
As the current financialized system is set up for speculation, the narrowing gap between economics and politics presents the need to further acquire knowledge about the motivation for action by leading investors.
As billionaires, through high tech and top capital, control much of the world’s wealth as well as the information flow to billions of people, the stake for the ultra rich has never been higher. As banker Jacob Rothschild said in a interview a few years ago, no one knows how the current story will end as debt is currently cured with more debt.
Corona virus means massive opportunity for transfer of wealth
Elon Musk richest man: The Massive Corona Redistribution of Wealth: As we seem to sway from a democratic system where governments are independent from capitalist owners, the merging of private capital and government funds may now be the set solution for Davos, World Economic Forum and other groups.
The key in the the close collaboration between governments and private billionaires may be the billionaire take-over of government funds.
Or, at least, the lavish access to it. In that case, Schwab’s vision of ending global monopolies may fail.
As politicians tend to originate from humble beginnings. Once in high positions, some are thrilled to make the acquaintance of the rich and mighty; it may be easy to sway the will to donate government money into private projects owned by billionaires. Especially if one is promised high pay jobs after politics, which seems to be the trend.
The merging of private capital and government funds may produce a new wave of the old British East India Company, which merged taxpayer money with private capital and became the world’s most earning company. London was very happy and with good reason.
The brilliance of the British is hard to deny. They know a thing or two about how to win a war or steer a country in the desired direction. Just look at South Africa.
Consequently, the moral standard of billionaire business owners and investor systems become even more important. Whose interest do they have at heart? The progress of human kind or solely capitalist gains for individuals?
Philanthropist George Soros
Elon Musk richest man: The Massive Corona Redistribution of Wealth: Back to Soros, he also stated in the CBS 60 Minutes interview, that he solely acts based on monetary gain and do not look at the social consequences of his actions.
On his engagement in hedge funds and the financial market, which reportedly has tended to sending nations into economic crisis, Soros says: “I don’t feel guilty, because I am engaged in an amoral activity which is not meant to have anything to do with guilt.”
This is where it becomes problematic.
Maybe Soros misspoke, or did not explain his view properly. Who is to know, but if we are to have a world in which the billionaires control government funds, or at least have a much greater chance of access to these than in the old system, the need for accountability is even greater.
Are we to enter a system in which the aim is a “pissing contest” between monopolist billionaires, there must be some sort of accountability, as Schwab also seems to address the need for.
Yet, which government systems are able to control or punish the immoral actions of the richest men alive?
Also check out these topics at CNN or FOX News. Other sources may be New York Times, USA Today, the Washington Post or from the British angle, BBC, The Guardian, The Telegraph or Financial Times.
