Source: Paul Krugman
by Paul Krugman
“Republicans have settled on their midterm argument: Democrats are all Communists. As an election strategy, this is as lame as it is ludicrous. But there is a small kernel of political reality underlying the new right-wing red-baiting: The emergence of a widespread public backlash against the extreme concentration of wealth in the hands of billionaires. … billionaires have had immense political power for decades, but they chose to exercise that power from the shadows, veiling their actions through patriotic sounding right-wing PACs and think tanks. Only political junkies understood what was going on underneath the surface. Today, however, the new generation of the hyper-wealthy are out there and in your face, flaunting their influence rather than concealing it. And the poster child for this change is, of course, Elon Musk.” (07/23/26)
https://paulkrugman.substack.com/p/elon-musk-the-new-hero-of-populism