London Daily

Focus on the big picture.
Friday, May 09, 2025

0:00
0:00

Why Do Tech Executives Support Kennedy Jr.?

Robert Kennedy Jr. is running for the Democratic presidential nomination. The support of tech executives for him reminds Paul Krugman of Henry Ford, in a negative sense.
Robert Kennedy Jr., a candidate for the Democratic presidential nomination, is a nutcase - claims Prof. Paul Krugman in The New York Times. His views are a mix of right-wing fantasies with remnants of the progressivism he once embraced: pushing for Bitcoin, anti-vaccine conspiracy theories, claims that Prozac causes massacres, opposition to aid to Ukraine. If it weren't for his family name, no one would pay attention to him - and despite his family name, he has zero chance of winning the nomination.

But now, as Ron DeSantis's campaign seems to be not taking off, Kennedy is suddenly receiving support from some big names in Silicon Valley. Twitter founder, Jack Dorsey, announced his support for him and several other prominent tech figures are helping him raise funds. Elon Musk hosted him on "Twitter Space". What does this say about the role of high-tech billionaires in American politics?

It seems that what attracts some tech types to RFK Jr. is his contrarianism - the scorn he shows for conventional wisdom and expert opinions. Therefore, Krugman says, a few words must be said about being "contrary to sense". The sad but true fact is that most of the time - conventional wisdom and experts are right; but there is a significant advantage in finding the places where they are wrong. For this, a delicate balance is needed between excessive skepticism towards accepted assumptions and over-credibility.

In this balancing act, it is very easy to fall on the wrong side. When I was young and ambitious - Krugman testifies about himself - I rolled my eyes at older economists, whose response to every new idea was "it's obvious, it's wrong and I said it in 1962"; today he fears that he himself has become such a type. On the other hand, always saying the opposite is a brain-destroying poison, in the words of economist Adam Ozimek. Those who get addicted to this poison, he continues, "lose their ability to judge others that they themselves consider contrarians, cannot distinguish between good and bad evidence and they deteriorate into a low-grade hobby of saying the opposite."

The high-tech guys are immediate suspects of such negative contrariness. Their financial success convinces them that they are especially brilliant and that they can deal with any topic without needing to consult those who work hard to understand the issues. In many cases, they get rich by breaking the conventional wisdom, which makes them believe that this approach is always right. Then they surround themselves with those who tell them what they want to hear, and if they talk to someone else at all - it's with their likes. This explains the strange opinions recently adopted by billionaires.

Krugman wants to add his own speculation. It may be odd to see significant capitalists and influencers buying conspiracy theories about world ruling elites; aren't they the elite themselves? But Krugman guesses that celebrities and the rich may be especially frustrated by their inability to control events or even prevent their trolling online. So instead of coming to terms with the fact that the world is a complex place where no one is in control, they embrace the idea that there is a group of villains chasing them. There is a precedent for this: Henry Ford, who financed the English translation of "The Protocols of the Elders of Zion".

In any case, what we are seeing now is extraordinary. The craziest faction in American politics right now is not blue-collar men in red hats in diners, but high-tech billionaires living in huge estates and flying in private jets. On some level, this is pretty funny. But unfortunately, these people have enough money to do serious damage."
Newsletter

Related Articles

0:00
0:00
Close
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
180-Year-Old Christian University in South Carolina Announces Closure Due to Unmet $6 Million Fundraising Goal
Brazilian Woman Jailed for Fourteen Years for Writing “You Lost, Idiot” on Statue During Protest
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Dutch Politician Eva Vlaardingerbroek Receives Spyware Threat Alert from Apple
Paramount Board Considers Settlement in Trump’s $20 Billion Lawsuit Over "60 Minutes" Interview
U.S. Economy Shrink in Trump’s First Quarter as Tariff Policy Raises Questions
Deadline Looms for RTS Meter Replacement: Hundreds of Thousands at Risk of Heating Disruption
Sweden Grapples with Deadly Gun Violence: Suspect Arrested After Three Young Men Killed in Uppsala Hair Salon
Walz Reveals Why Harris Chose Him as Her Running Mate and Reflects on Democratic Losses
Spain Restores Power After Unprecedented Nationwide Blackout
Carney Secures Liberal Mandate in Canada’s Federal Election
Death Penalty Sought as Luigi Manion Pleads Not Guilty in CEO Murder Case
President Trump contacts Jeff Bezos after reports of Amazon considering listing tariff surcharges; company clarifies no such plan for main platform
Spain and Portugal Recover from Massive Blackout
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Singapore Politicians Warn Against Foreign Interference in Election
Driver Ploughs into Vancouver Festival Crowd, Killing Nine
Depression, Fear of Defamation, and a Tragic End: New Details on Virginia Giuffre’s Suicide
“Sharia for UK, Allah Akbar!”
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Incident Reflection: A Harsh Reality Check
Pakistani migrants to Danish man: “ “We have 5 children while you have 1 or 2. In 10 years, there will be more Pakistanis than Danes here.“
Clashes Erupt in London as Tensions Rise Between Indian and Pakistani Communities
Specialized anti-drone weapons deployed among security personnel Ahead of Papal Funeral
How do you fix this culture?
×