Krugman: Why Billionaires Bought an Incompetent Administration

https://www.dailykos.com/stories/2026/3/12/2372834/-Krugman-Why-Billionaires-Bought-an-Incompetent-Administration?pm_campaign=front_page&pm_source=trending&pm_medium=web

16 Comments

  1. RealBigBossDP on

    Billionaires are not that smart, they are opportunists and there’s nothing wrong with that. But to think they know better than anyone else is just dumb.

  2. > He suggests two reasons:

    >One is that no, competent allies weren’t available. Money buys a lot of influence, but to actually take over the U.S. government requires more than money — it requires politicians who are utterly corrupt . . . and corruption and incompetence go hand in hand.

    > My second answer is that the vast wealth of tech billionaires has made many of them unconcerned with the little people’s lives — and deeply unpatriotic.

  3. It’s a simple as this: They have no loyalty to the United States of America, and instead are selfish cockstains. In Trump, they found a brother in arms, so to speak. The traitor will do anything it can do benefit them even at the expense of poor people’s lives, because we don’t matter.

  4. It’s never a good idea to do this – even though it might seem superficially appealing to Billionairs to ‘get their way’ it’s always backfires.

    The best solution is to run the country as well as possible for the benefit of all of the people in it.

    That leads to a wealthy, stable society.
    An impoverished, unstable society is a recipe for disaster.
    For instance, the USA should have ‘Universal Healthcare’.

  5. PriscillaRain on

    Because, no matter how bad this administration is they’re still making money.

  6. I certainly hope this is referring to the Biden administration. None has been more incompetent.

  7. Savings_Bee_6016 on

    To get wealthier…. To take and take and take from all those pesky fellow Americans the need to fukn eat damn food. Such a bother…..

  8. DissedFunction on

    many americans still fall into the trap of nationalism (patriotism for USA) when in fact, oligarchs could give a damn about nationalism.

    Nationalism is only a tool to invoke emotions in voters to get them to vote for a candidate the oligarchs support.

    I don’t know if people have been around the uber wealthy but it’s true they are mostly not like us. Oligarchs are like modern day royalty. You are here to serve them: to work for them, to buy their stuff so they can make more money. Oligarchs do not care for you. You are the people that fight their wars.

    Why would billionaires back trump? simple. Zionist billionaires backed the candidate most likely to support Bibi. Non zionist billionaires wanted the person who would be most likely to help them make even more money and keep even more of the money they make. Forget they are already billionaires, they want more because more isn’t even enough.