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This one is not about tech. Just oligarchs buying the influence.

• FrustratedMonky 2y ago
  Yeah, but why would a tech oligarch support someone that is advocating limiting tech? Or is it just splitting the difference, oligarchs (in US) typically support both parties to cover their bases.
  • marcuskane2 2y ago
    > why would a tech oligarch support someone that is advocating limiting tech? Regulatory capture. The last thing they want is a new generation of hungry young entrepreneurs disrupting their businesses and displacing them from positions of power. The key to maintaining power is to work closely with politicians to make sure that the regulations increase the protective moat around your business.
  • maximinus_thrax 2y ago
    > Yeah, but why would a tech oligarch support someone that is advocating limiting tech? Limiting tech applies to the small players who don't have political power. As long as they have a seat at the table when regulations are passed, they will benefit from any regulation. This is why zucc, altman, andreessen and other oligarchs are vocally for increased regulation (ironically andreessen is calling out regulatory capture for AI while at the same time wants 'clear regulation to eliminate bad actors exploiting the technology for nefarious purposes' when it comes to crypto). Because they will have the right lobbyists ready to whisper the proper regulations to government officials making sure the small guy doesn't have a chance to penetrate or thrive in the market.