From Tech Lords to Dr. Who Villains,

Digby’s Hullabaloo, Published by Tom Sullivan on July 21, 2025

Paul Krugman this morning considers that because “we live in a corrupted democracy in which wealth buys power,” our political discourse is driven by “crazy ideas.” One source of those crazy ideas — the sitting president’s name appears nowhere in Krugman’s comments — is Silicon Valley. Once upon a time, the public saw tech gurus as benificent. But that has changed. They have changed. Wealth that buys political power changed them. Once pro-Democrat tech scions have swung hard right as their public images sank.

Krugman references Wall Street’s post-financial collapse “Obama rage” as an analog:

Were the Masters of the Universe really that angry over Obama calling them “fat cats”? Or was their outrage performative, aimed at heading off tighter financial regulation? Yes.

The antipathy toward Obama came even as Obama’s team foamed the runway for banks in crisis. Their anger at being called out was strategic but also real, Krugman argues, suggesting “nothing makes a privileged man angrier than criticism of his privilege.”

https://digbysblog.net/2025/07/21/from-tech-lords-to-dr-who-villains/