"Krone" commentary

The power of the US billionaires

Reviewed for the "Krone": Chief Economist Georg Wailand(Bild: Krone KREATIV)

In his farewell speech, former US President Joe Biden warned of the power of US billionaires: "Today, an oligarchy of extreme wealth, power and influence is emerging in America that literally threatens our entire democracy."

How right he is! Billionaires Elon Musk (Tesla, X), Jeff Bezos (Amazon, Washington Post) and Mark Zuckerberg (Meta) are already kowtowing to Donald Trump, who is set to flush more profits into their coffers. What's more, they are not only dreaming of resetting the rules of the game in the most powerful world power, but also of conquering space. They already have the media and advertising world under control.

Joe Biden is an old man, but he has correctly recognized that a new challenge has arisen here: the power of the US billionaires is beginning to control our world.

What should we do as a small country? We can help to strengthen Europe and we can make sure that responsible people are elected again. Those who are not primarily interested in their huge fortunes, but in a better life for as many people as possible.

These days, funeral services are being held in Austria for personalities such as Androsch, Taus and Raidl. They thought outside the box. We have them, the "good guys", but they also need the voters' approval. Otherwise, only the rich and greedy will rule. . .