Three Faces of American Capitalism: Buffett, Musk, and Trump

https://www.newyorker.com/news/the-financial-page/three-faces-of-american-capitalism-buffett-musk-and-trump

by mitchbob • 1 year ago

32 5 1 year ago

newyorker.com

mitchbob• 1 year ago

https://archive.ph/2025.05.12-182227/https://www.newyorker.c...

ty6853• 1 year ago

The top 1% hold a minority of the capital in America.

The face of American capitalism is much closer to the guy who owns the local car repair shop.

Terr_• 1 year ago

True from a certain perspective, but I don't think it's a useful one: A loose class that collectively owns lots of stuff is not really the same as individual (or group) which possesses agency as a capitalist entity.

In other words, those aren't the guys making lawsuits to limit regulations, lobbying for international trade agreements, or helping change the worldwide blend of industries and services.

Gothmog69• 1 year ago

Musk is definitely in the industrial class. He literally sleeps in his factories.

SpicyLemonZest• 1 year ago

Has anyone other than Elon Musk confirmed that story? I'm not so willing to trust his word as I once might have been. (There do seem to have been multiple reports that he was sleeping in the DOGE offices, but that's very different IMO.)

Three Faces of American Capitalism: Buffett, Musk, and Trump

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