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

(newyorker.com)

30 points | by mitchbob a day ago ago

7 comments

  • mitchbob a day ago ago
  • Gothmog69 21 hours ago ago

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

    • SpicyLemonZest 20 hours ago 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.)

  • ty6853 a day ago 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_ 21 hours ago 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.