"Last week, two things happened that may shed some light on where American capitalism is heading."
"First, Tesla’s board caved in to Elon Musk’s demand that he get a pay package of $1 trillion
(if he meets various goals)."
"Second, the voters of New York City — the capital of world capitalism — elected as their mayor
a Democratic Socialist who thinks billionaires shouldn’t exist."
"One can’t draw vast conclusions from all this, but Musk’s bizarre pay package and Mamdani’s unlikely win
together suggest that the unique form of harsh capitalism now practiced in America may be coming to an end."
https://open.substack.com/pub/robertreich/p/musk-and-mamdani-the-end-of-harsh
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