Tuesday, December 20, 2022

Why Petulant Oligarchs Rule Our World

Dimitrios Kambouris/Getty Images

OPINION: PAUL KRUGMAN

THE NEW YORK TIMES: Some years ago — I think it was 2015 — I got a quick lesson in how easy it is to become a horrible person. I was a featured speaker at a conference in São Paulo, Brazil, and my arrival flight was badly delayed. The organizers, worried that I would miss my slot thanks to the city’s notorious traffic, arranged to have me met at the airport and flown directly to the hotel’s roof by helicopter.

Then, when the conference was over, there was a car waiting to take me back to the airport. And just for a minute I found myself thinking, “What? I have to take a car?

By the way, in real life I mostly get around on the subway.

Anyway, the lesson I took from my moment of pettiness was that privilege corrupts, that it very easily breeds a sense of entitlement. And surely, to paraphrase Lord Acton, enormous privilege corrupts enormously, in part because the very privileged are normally surrounded by people who would never dare tell them that they’re behaving badly.

That’s why I’m not shocked by the spectacle of Elon Musk’s reputational self-immolation. Fascinated, yes; who isn’t? But when an immensely rich man, accustomed not just to getting whatever he wants but also to being a much-admired icon, finds himself not just losing his aura but becoming a subject of widespread ridicule, of course he lashes out erratically, and in so doing makes his problems even worse.

The more interesting question is why we’re now ruled by such people. For we’re clearly living in the age of the petulant oligarch. » | Paul Krugman | Monday, December 19, 2022