Saudi Press

Saudi Arabia and the world
Sunday, May 11, 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

Saudi Press
0:00
0:00
Close
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Worldwide Markets Decline as U.S.-China Trade Frictions Intensify
OpenAI Lands Unprecedented $40 Billion Investment
Removing the Political Adversary is Dismantling What's Remaining of Turkey's Economy.
Ex-FIFA President and French Football Icon Acquitted of Corruption Allegations
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
Volunteers in Jeddah Ensure No One Goes Hungry During Ramadan Iftar
New Restaurant Opens in Makkah's Iconic Clock Tower for Ramadan Iftar
Saudi Arabia's Project Masam Removes 552 Houthi Mines in Yemen
Saudi Arabia Fines Over 400 Foreign Trucks for Regulatory Violations
Saudi National Campaign for Charitable Work Reports Significant Donations in Ramadan
Historic Al-Hosn Al-Asfal Mosque Restored in Asir as Part of National Heritage Initiative
KSrelief Expands Humanitarian Efforts in Syria, Sudan, and Lebanon
Saudi Arabia Advocates for Global Water Cooperation at Forum
Madinah Governor Tours Islamic Arts Biennale in Jeddah
Saudi Foreign Minister in Cairo to Lead Meeting on Gaza Developments
Recognition of Saudi and Pakistani Entrepreneurs at Riyadh Ceremony
UAE Announces $1.4 Trillion Investment Plan in the United States
Saudi Arabia Innovates in Soil Quality and Water Conservation
Governor of Taif Engages with Rose and Aromatic Plants Cooperative
Saudi Food and Drug Authority Enhances Preparations for Hajj Season
Saudi Arabia Distributes Aid to Yemen and Romania
Restoration of Historic Al-Qalaah Mosque in Riyadh Underlines Heritage Preservation Efforts
Saudi Arabia Arrests Over 25,000 for Immigration Violations in One Week
UAE’s ADQ and Energy Capital Partners Announce $25 Billion Energy Venture in the U.S.
KSrelief Launches Extensive Ramadan Food Aid Initiative
Ramadan Celebrations Revitalize Historic Jeddah
Makkah Authorities Urge Worshippers to Follow Crowd Management Guidelines
Direct Flights Between Dammam and Damascus Reestablished for Syrian Residents
Saudi Main Index Rises to Close at 11,760 Amid Mixed Market Performance
Moroccan Prime Minister Aziz Akhannouch Visits Prophet's Mosque in Madinah
Cultural Development Fund Hosts Third Annual Storytellers Event in Riyadh
×