They’ve set out their stall for the Defence of Billionaires,
which their owners just happen to be,
So the Economist is really no different to Trump
Not something they want you to say
With Amol at the Beeb, Gideon on the books,
And Sarah Sands at Radio Four,
Evgeny decides what goes on in the UK
Kleptocratic Kremliminal Kontrol
The Economist argues billionaires are a sign of healthy capitalism.
George Osborne sits on the advisory board of The Economist’s major shareholder — Exor.
The Economist says the place where reform is needed is in intellectual property.
They cite George Lucas selling Lucas Film for $4 billion 40 years after Star Wars as the most compelling flaw in the economic system.
Osborne’s name appears in the credits for the Star Wars Film Force Awakens – he gave it tax relief.
But no mention of Industrial Scale Tax Avoidance, Lobbying, Rise of Political Lying, Censorship, Competition Policy, Billionaire Owned-Press or Highly Securitised Social Media.
Billionaires are better CEOs, according to the latest figures.
The FT’s Wealth Correspondent Stefan Wagstyl quotes the head of the ultra high net worth unit at UBS:
But this is just puff
Here’s the original press release:20191108-mr-billionaire-report-2019-en
And the actual report:ubs-billionaires-insights-2019
There seems to be a real selling of philanthrocapitalism here.
The same philosophy that wants to get rid of the state entirely and allow the ultra-wealthy to choose who lives and who dies.
In Thomas Frank’s Pity the Billionaire he outlined how the Tea Party used left wing iconography to promote Billionaire Republican interests.
They attacked Obama from the Left. A strategy Donald Trump perfected against Hilary Clinton.
With Jeffrey Epstein hanging out with Peter Mandelson, you have to wonder where all of this could go.
Mandelson and Osborne were both famously close to Oleg Deripaska, a Russian aluminium oligarch.
And guess what,