Lesson of the 20th century was that when a critical mass of citizens feel the system is rigged against them, we encourage radical politics
Elon Musk is the world’s richest man with a current net worth of roughly $450 billion, according to the Bloomberg Billionaires index. Photograph: Evan Agostini/Invision/AP
His wealth is estimated to have jumped by more than $170 billion since the US election and his alliance with president-elect Donald Trump, largely on the back of Tesla’s share price. Since the November 5th election, Tesla’s stock has surged 70 per cent.Ireland has won the corporation tax game for now, but will that last?
It was only six years ago that companies reached the trillion dollar milestone in terms of valuations and we marvelled, or thought absurd, that a single company could be financially bigger than a developed economy. What this acceleration in individual wealth says about the state of the world or modern capitalism is disturbing. On one level, it suggests that the current period of rapid technological transformation has outgunned the antitrust legislation designed to police it, creating behemoth monopolies and uber elites wielding too much economic power.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Meets Lawmakers to Discuss $2 Trillion Spending CutsThe world's richest man, Elon Musk, met with US politicians on Capitol Hill to discuss his plans as co-chairman of the newly announced Department of Government Efficiency, aiming to trim over $2 trillion from federal spending.
Read more »
Edward Norton: ‘Look at Elon Musk: he’s the ultimate government trust fund baby’Norton might be best known for his blockbuster Hollywood roles, but the actor is also a committed environmentalist and successful entrepreneur
Read more »
EU tech chief strikes conciliatory tone with Elon MuskHenna Virkkunen seeks to repair relations after her predecessor sparked US billionaire’s ire
Read more »
Elon Musk is wasted in the US – but he might shock Europe into changing its waysEurope’s bloated governments need the tech entrepreneur’s efficiency revolution much more than Washington does
Read more »
Elon Musk’s multibillion-dollar Tesla payout gutted by courtTesla board set to appeal ruling Musk called “corruption”
Read more »
Elon Musk’s X vs Coimisiún na Meán sees new online safety code in the crosshairsBig tech fears more stringent rules being applied to their online platforms under a series of domestic and EU laws
Read more »