Comment by roenxi
2 days ago
I would assume by default that billionaires are politically active and causing a problem. However this link doesn't give a lot of hints about how or wherefore. I assume this is a jab at Thiel; but it is a bit light on in the synopsis department.
There are a huge number of threats to democracy and the biggest one is probably the total lack of principles and common sense possessed by the median voter. It is a real problem and a bigger one than some billionaire or even the consensus of the billionaires. Sometimes voters and capital come into actual conflict and generally the voters tend to win Pyrrhic victories when that happens.
1. Consider preordering the book if you're already reacting to part of its premise; it should be a juicy read.
2. Regarding the power of billionaires vs the power of the median voter, consider that each lever in a system deserves attention before pulling on it or reconfiguring it. How can one determine "the biggest threat to democracy" without digging into the details?
> the biggest one is probably the total lack of principles and common sense possessed by the median voter.
Hard disagree.
The biggest problem is a misinformed electorate.
An accurate, honest and truthful press is vital for democracy; how else do people know whom to vote for! The fact this is being dismantled (often supplying deliberate misinformation) is truly worrying.
After all, the electorate is entitled to have a lack of principles and no common sense; nobody ever said democracy was perfect. However the electorate needs to be provided with an honest set facts on which they can base their decisions without cries of "fake news". Whatever their political leanings.
I don't know if you will find a time in US history where the press was accurate, honest, and truthful.
I agree with GP that a primary missing feature is a principled public - without principles people swing wildly in opinion depending on the topic and popular rhetoric.
I see this with much of my own family. They mostly consider themselves conservatives and Republicans of the small government and balanced budget era. Those presumed values go out the window though and when a particular political topic of the day comes up they seem to completely contradict it. The most egregious example in my family is a Ron Paul libertarian that somehow still holds those opinions while supporting virtually everything Trump does.
> I don't know if you will find a time in US history where the press was accurate, honest, and truthful.
1) Spare us the US defaultism!
2) If we are going to make this conversation about the USA, didn't US broadcast media have a 'fairness doctrine' that was abolished some years back? Hence the growth in outlets providing heavily biased dishonest news on broadcast media? I suggest this has driven much of the popular rhetoric of which you speak.
Frankly, every country has seen a growth in biased social media "news" sources regardless as to the broadcast media fairness doctrines that still exist in those countries. Deliberate misinformation and a lack of trust in journalism is real.
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