Mostrar mensagens com a etiqueta Stephen Schwarzman. Mostrar todas as mensagens
Mostrar mensagens com a etiqueta Stephen Schwarzman. Mostrar todas as mensagens

sábado, 25 de abril de 2026

The Worst Neo Robber Baron of Them All



I’m tempted to give Elon Musk that title. But when it comes to greedy and irresponsible corporate behavior, one CEO is outdoing even Musk.

When the history of this sordid second Gilded Age is written, the list of neo robber barons will obviously include Musk as well as Meta’s (Facebook’s) Mark Zuckerberg, Palantir’s Alex Karp, Palantir’s co-founder and board chair Peter Thiel, Oracle’s Larry Ellison (and his son, David), Google’s Sundar Pichai, Blackstone’s Stephen Schwarzman, and the Trump Organization’s monumentally corrupt Donald Trump, Donald Trump Jr., and Eric Trump.

But one greedy, public-be-damned CEO stands out even above Musk, Trump, and the rest. His name: Jeff Bezos. His corporation: Amazon.

It is difficult for the human mind to comprehend all the ways Bezos is shafting Americans.

Start with prices. According to a newly unsealed filing released Monday in an antitrust lawsuit brought by California Attorney General Rob Bonta, Amazon has pressured major brands like Levi’s and Hanes to demand that competing retailers raise prices on their products.

The New York Times’s David McCabe reports on unsealed evidence that Amazon punishes sellers on its marketplace for offering lower prices on other websites, like those of Walmart or Target. When it spots a competitor’s lower price, Amazon tells the brands to demand that rival sites raise their prices for the products.

The filing includes an email to Hanes from Amazon, with links to Target’s and Walmart’s lower prices, along with Hanes’s apologetic response that it “reached out to Target and Walmart to have the prices increased.” And an email to Levi’s from Amazon, with links to lower-priced khakis on Walmart’s website, along with Levi’s response that Walmart had agreed to raise its price.

According to the lawsuit, Amazon has been able to exert pressure on different brands to raise their prices because of Amazon’s power and reach.

At a time when most Americans are having trouble making ends meet, Amazon’s push to raise prices — to enlarge its profits (and put more money into Jeff Bezos’s pockets) — is beyond unconscionable.

This is hardly Bezos’s and Amazon’s first brush with antitrust law. In 2023, the Federal Trade Commission and 17 states accused Amazon of illegally maintaining a monopoly in online retail by squeezing merchants who sell on its site and prioritizing its own products, resulting in “artificially higher prices.”

In September, the FTC agreed to settle another lawsuit against Amazon that accused it of making it difficult for consumers to cancel its Prime subscription service. Amazon agreed to pay up to $2.5 billion — including $1 billion in penalties and additional payouts to consumers — but didn’t admit or deny wrongdoing.

Meanwhile, The American Prospect’s Harold Meyerson reports that Virginia is subsidizing Amazon’s “second headquarters” in Crystal City, Virginia — just across the Potomac from Washington, D.C. — with $750 million in taxpayer funds, yet the corporation is wildly behind its job-creation pledge. Having promised to create 25,000 new jobs by 2038, it created a mere 1,600 jobs last year and is up to just 29 percent of the number of jobs it promised by now.

Speaking of Amazon jobs: Until earlier this month, attorneys for the National Labor Relations Board were prosecuting Amazon for firing employees that make Amazon deliveries because they’d voted to join the Teamsters, a clear violation of labor laws.

But then, a few weeks ago, the NLRB attorneys — now firmly under control of Trump’s NLRB general counsel — announced they’d reached a “settlement” with Amazon in which Amazon agreed to pay the workers who’d been laid off for more than two years, two weeks’ worth of wages. Two weeks.

Amazon’s workers are among the worst-treated in America.

Ryan Haas of The Western Edge reports that on April 6, an Amazon warehouse worker collapsed and died on the floor of Amazon’s warehouse in Troutdale, Oregon. A co-worker trained in CPR tried to help but was told by a manager to turn around. For more than an hour, employees said, they were instructed to continue picking items and loading trucks as the man lay dead. One manager reportedly told workers to “just turn around and not look” and get back to work.

Jeff Bezos couldn’t care less. As of April 2026, his net worth is estimated to be between $259 billion and $269 billion, making him one of the three richest people in the world.

Like the robber barons of the first Gilded Age, Bezos’s consumption is of the conspicuous kind.

He celebrated his wedding last year to Lauren Sánchez with a multi-day star-studded event in Venice, Italy, estimated to cost more than $50 million, featuring guests like Oprah Winfrey and Kim Kardashian, and including a ceremony on the island of San Giorgio Maggiore and a pajama-themed afterparty at the Arsenal.

His “homes” include three adjacent properties on Indian Creek Island in Florida, costing over $230 million; the former Warner estate in Beverly Hills, California, which features a 13,600-square-foot mansion and a golf course, which he purchased for $165 million; a 14-acre compound on Maui with a 4,500-square-foot main house and 700-square-foot pool; a $23 million mansion in Washington, D.C.; and a massive multi-lot compound with waterfront frontage in Medina, Washington.

But what puts Bezos at the head of all the other robber barons in this second Gilded Age is his slavish sycophancy toward the worst president in American history.

Bezos bought the legendary Washington Post for $250 million in October 2013 and has turned it into a Trump cheerleader — prohibiting its editorial page from endorsing Kamala Harris in 2024 and barring it from writing anything critical about American capitalism or Trump.

(That’s not all Bezos has done to ruin the Post. In February, he fired more than 300 Post journalists, about a third of its staff.)

Then he shamelessly paid $40 million to license the documentary “Melania” plus $35 million to market it — and earned back a tiny percentage. It was a blatant bribe of Trump.

And he does whatever Trump asks. After Trump complained to Bezos about a report that Amazon planned to display for consumers the costs of Trump’s tariffs, Bezos immediately canceled the plan.

Bezos has sucked up to Trump presumably to secure Pentagon contracts for his Blue Origin rocket company, which landed a $2.3 billion NASA contract early in Trump's second term. And to avoid further antitrust lawsuits or labor law scrutiny.

That he has zero scruples does not necessarily distinguish Bezos from the other robber barons of this despicable era.

But his public-be-damned business practices, his especially conspicuous consumption, and his excessive sucking up to Trump make Jeff Bezos the worst CEO of them all.

What can you do? You might share this post and boycott Amazon.

terça-feira, 7 de abril de 2026

Who's the Biggest Money Behind the Throne?

Para ver com mais detalhe e ampliação aqui

It’s important that we demonstrated against Trump’s assertion of royal powers.

It’s at least as important to follow the money — and learn the identities of America’s billionaire royalty who crowned Trump in the first place. They’re now spending another regal fortune to keep Congress under his control.

Today I’m going to name names.

As of March 1, according to a new report from Americans for Tax Fairness, the 50 biggest-spending billionaires in American politics had already contributed over $433 million to the upcoming midterm political campaigns.

Not surprisingly, 80 percent of this haul is in support of Republican candidates or conservative issue groups.

Given how early we are in the process, and how contributions tend to accelerate closer to Election Day, 2026 will almost surely set a new record for billionaire money in midterm elections. (Because of our current pathetically weak campaign finance laws, courtesy of the Supreme Court, fat-cat contributors are funneling huge sums through super PACs. While such spending is supposed to be independent of the campaign being supported, rules against coordination are now going largely unenforced.)

Who they are
1. Elon Musk
The single biggest contributor is, of course, Elon Musk — the world’s richest person — who has plunked down almost $71 million into Republican midterm campaigns so far.

Musk contributed a total of $278 million in the 2024 election cycle, mostly for getting Trump reelected. His “investment” has paid off nicely. Musk’s net worth has grown 220 percent since Trump won in 2024.

Musk’s latest cash infusion to Republicans came after his short destructive stint as head of the “Department of Government Efficiency,” where he helped place his cronies into high-level positions throughout the federal government.

Yes, I know. Musk and Trump had a falling out. But since then both have realized they have more to gain as political partners. And now that Musk’s SpaceX satellite system is integral to Pete Hegseth’s Department of “War,” Musk has filed for an initial public offering, seeking a valuation over $2 trillion and potentially raising $75 billion, which would make it the largest IPO in history.

The New York Times reports that Musk participated in a phone call on Tuesday with Trump and Prime Minister Narendra Modi of India. Musk’s companies have taken on significant investment from sovereign wealth funds from Middle Eastern countries, including Saudi Arabia and Qatar, and he has long coveted a greater commercial presence in India.

2. Jeff Yass
Musk is followed in the billionaire-spending-on-politics sweepstakes by Wall Street financier Jeff Yass, who has contributed more than $55 million so far in this midterm election cycle. He’s donated $16 million to MAGA, Inc., Trump’s super PAC, dedicated to supporting candidates he backs.

The Yass donations came as Trump was deciding whether to delay the forced sale of the social media app TikTok, in which Yass was a major investor. Trump repeatedly delayed the sale, saving Yass’s lucrative investment.

In addition, Yass has donated $10 million apiece to the anti-tax Club for Growth PAC; to another PAC that wants to drain funds from public schools to support private ones; and to a PAC that supports the political ambitions of former Republican presidential candidate Vivek Ramaswamy. Yass has also donated $7.5 million to a PAC dedicated to supporting House members of (and House candidates aspiring to belong to) the radical-right Freedom Caucus.

3.Greg Brockman
In third place is San Francisco AI tech mogul Greg Brockman, who has given $25 million in midterm money so far — mostly to Trump’s super PAC, presumably because Brockman wants to dismantle state-level AI regulations through federal preemptive action and thinks Trump will help him.

As president of OpenAI, Brockman recently agreed to let the Pentagon use his company’s AI technology — which his competitor Anthropic publicly refused to do over concerns about mass surveillance and autonomous weapons.

4. Dick Uihlein
Packaging titan Dick Uihlein has long been a major donor to right-wing candidates and causes. (Among the beneficiaries of his largesse have been many politicians who denied Donald Trump’s loss to Joe Biden in the 2020 presidential election.)

The biggest recipients of Uihlein midterm money so far are two super PACs for which Uihlein and his wife are the principal backers: $5 million to Restoration of America, supporting conservative political candidates; and $3.5 million to Fair Courts America, which the Uihleins founded to support conservative candidates for judicial office.

5. Stephen Schwarzman
Private equity mogul Stephen Schwarzman has long been a major Republican Party megadonor. As CEO of the giant investment management company Blackstone, Schwarzman has built a career on predatory business practices and disregard for the public good, while leveraging his immense wealth to rig the system in his favor.

So far in the midterms, Schwarzman has spent: $5 million for Trump’s super PAC; $5 million for the Republican Senate Leadership Fund; $1 million for the Republican Congressional Leadership Fund; and $1 million to a super PAC exclusively backing Republican Senate Whip John Cornyn.

***

As we approach the 250th anniversary of our independence from the British monarchy, it’s more important than ever to commit ourselves to getting big money out of American politics.

As I’ve noted, here’s a potential way to do this without waiting for the Supreme Court to reverse its Citizens United decision or amending the Constitution. Another is through small-donor financing. The two aren’t mutually exclusive; indeed, we should push for both.

Billionaires are not singularly responsible for corrupting our system of government, of course — and not all billionaires are doing this.

But as wealth continues to concentrate at the top, America finds itself in a doom loop in which giant campaign donations from the super-rich buy political decisions that make them even richer.

This doom loop is the power behind the throne on which Trump shits sits.