Opinion Today: Elon Musk and the cult of the genius entrepreneur

“We’re clearly living in the age of the petulant oligarch.” [View in browser](~/AAAAAQA~/RgRlhDcZP4QoAWh0dHBzOi8vbWVzc2FnaW5nLWN1c3RvbS1uZXdzbGV0dGVycy5ueXRpbWVzLmNvbS90ZW1wbGF0ZS9vYWt2Mj9jYW1wYWlnbl9pZD0zOSZlbWM9ZWRpdF90eV8yMDIyMTIyMCZpbnN0YW5jZV9pZD04MDY2MyZubD1vcGluaW9uLXRvZGF5JnByb2R1Y3RDb2RlPVRZJnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xMjAzNTcmdGU9MSZ1cmk9bnl0JTNBJTJGJTJGbmV3c2xldHRlciUyRjNhYTM4Yjk0LTY4ZjEtNTkzMy05MWQ1LWEzM2E5OTlmZTA3OCZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmOQGbKhY861F8FSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~)|[nytimes.com](~/AAAAAQA~/RgRlhDcZP0SwaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vP2NhbXBhaWduX2lkPTM5JmVtYz1lZGl0X3R5XzIwMjIxMjIwJmluc3RhbmNlX2lkPTgwNjYzJm5sPW9waW5pb24tdG9kYXkmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTEyMDM1NyZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKY5AZsqFjzrUXwVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAA)[Continue reading the main story](#a11y-skip-ad-marquee) ~/AAAAAQA~/RgRlhDcZP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYyMTM5JmxpPVRZJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1UWV8yMDIyMTIyMFcDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ [Read more from Opinion](~/AAAAAQA~/RgRlhDcZP0S_aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vc2VjdGlvbi9vcGluaW9uP2NhbXBhaWduX2lkPTM5JmVtYz1lZGl0X3R5XzIwMjIxMjIwJmluc3RhbmNlX2lkPTgwNjYzJm5sPW9waW5pb24tdG9kYXkmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTEyMDM1NyZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKY5AZsqFjzrUXwVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAA) December 20, 2022 [Author Headshot](~/AAAAAQA~/RgRlhDcZP0S7aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvbmljay1mb3g_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) By [Nick Fox](~/AAAAAQA~/RgRlhDcZP0S7aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvbmljay1mb3g_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) Editor at Large, Opinion “Privilege corrupts,” Paul Krugman [writes in his latest column](~/AAAAAQA~/RgRlhDcZP0TuaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8xOS9vcGluaW9uL2NvbHVtbmlzdHMvZWxvbi1tdXNrLXR3aXR0ZXItb2xpZ2FyY2hzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~). “Enormous privilege corrupts enormously, in part because the very privileged are normally surrounded by people who would never dare tell them that they’re behaving badly.” Paul makes that observation about Elon Musk and the chaos surrounding his takeover of Twitter. But Paul is not just commenting on the flaws of one immensely wealthy man. He is noting the flaws in our society and political system. “We’re now ruled by such people,” he writes. “For we’re clearly living in the age of the petulant oligarch.” This is different, he says, in quality and dimension, from the role that the wealthy played in the past, the power they held. It’s due largely to the net worth of the richest sliver of Americans. “The immense wealth of the modern super-elite has surely brought a lot of power,” he says, “including the power to act childishly.” It has helped create a “cult of the genius entrepreneur,” which is now being discredited by men like Musk and Sam Bankman-Fried, who went from crypto hero to criminal defendant seemingly overnight. “A happy ending to this story,” Paul says, “seems increasingly unlikely.” [Read the full column here.](~/AAAAAQA~/RgRlhDcZP0TuaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8xOS9vcGluaW9uL2NvbHVtbmlzdHMvZWxvbi1tdXNrLXR3aXR0ZXItb2xpZ2FyY2hzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [[Article Image] Dimitrios Kambouris/Getty Images](~/AAAAAQA~/RgRlhDcZP0TuaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8xOS9vcGluaW9uL2NvbHVtbmlzdHMvZWxvbi1tdXNrLXR3aXR0ZXItb2xpZ2FyY2hzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [PAUL KRUGMAN Why Petulant Oligarchs Rule Our World The cult of the genius entrepreneur has done a lot of damage. By Paul Krugman](~/AAAAAQA~/RgRlhDcZP0TuaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8xOS9vcGluaW9uL2NvbHVtbmlzdHMvZWxvbi1tdXNrLXR3aXR0ZXItb2xpZ2FyY2hzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [Continue reading the main story](#a11y-skip-universal-0) ADVERTISEMENT ~/AAAAAQA~/RgRlhDcZP0RsaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9NTk3ODUmbGk9VFkmbT1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkNyZwPVRZXzIwMjIxMjIwVwNueXRCCmOQGbKhY861F8FSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~ Here’s what we’re focusing on today: Editors’ Picks [What (if Anything) Did You Change Your Mind About This Year? Student loans. The war in Ukraine. Queen Elizabeth. These are the arguments that defined the year.](~/AAAAAQA~/RgRlhDcZP0ToaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vaW50ZXJhY3RpdmUvMjAyMi8xMi8yMC9vcGluaW9uLzIwMjItb3Bpbmlvbi1kZWJhdGVzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [Article Image](~/AAAAAQA~/RgRlhDcZP0ToaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vaW50ZXJhY3RpdmUvMjAyMi8xMi8yMC9vcGluaW9uLzIwMjItb3Bpbmlvbi1kZWJhdGVzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [KATHERINE MILLER Was the World Collapsing? Or Were You Just Freaking Out? In 2022, we debated the apocalypse. By Katherine Miller](~/AAAAAQA~/RgRlhDcZP0TcaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uLzIwMjItYW1lcmljYS1kZWJhdGVzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [Article Image](~/AAAAAQA~/RgRlhDcZP0TcaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uLzIwMjItYW1lcmljYS1kZWJhdGVzLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) More From Opinion [GUEST ESSAY The Jan. 6 Committee Just Made History. Here’s What That Means for Prosecutors. 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Some people may spend more than they should when they use a ‘buy now, pay later’ company. By Peter Coy](~/AAAAAQA~/RgRlhDcZP0TZaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8xOS9vcGluaW9uL2J1eS1ub3ctcGF5LWxhdGVyLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [Article Image](~/AAAAAQA~/RgRlhDcZP0TZaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8xOS9vcGluaW9uL2J1eS1ub3ctcGF5LWxhdGVyLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [GUEST ESSAY With This Supreme Court, the Way Liberals Dissent Matters The liberal justices should plead for — and thereby help legitimize — the imposition of external constraints on its powers. By Ryan D. Doerfler and Samuel Moyn](~/AAAAAQA~/RgRlhDcZP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uL3N1cHJlbWUtY291cnQtbGliZXJhbC1kaXNzZW50Lmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [Article Image](~/AAAAAQA~/RgRlhDcZP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uL3N1cHJlbWUtY291cnQtbGliZXJhbC1kaXNzZW50Lmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [GUEST ESSAY The True Cost of Expanding the Child Tax Credit The short-term benefits wouldn’t outweigh the long-term downsides. By Scott Winship](~/AAAAAQA~/RgRlhDcZP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uL2NoaWxkLXRheC1jcmVkaXQtYmFzaWMtaW5jb21lLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [Article Image](~/AAAAAQA~/RgRlhDcZP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uL2NoaWxkLXRheC1jcmVkaXQtYmFzaWMtaW5jb21lLmh0bWw_Y2FtcGFpZ25faWQ9MzkmZW1jPWVkaXRfdHlfMjAyMjEyMjAmaW5zdGFuY2VfaWQ9ODA2NjMmbmw9b3Bpbmlvbi10b2RheSZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTIwMzU3JnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0QgpjkBmyoWPOtRfBUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [GUEST ESSAY In India, the Case of a Missing American Ambassador Washington hasn’t been represented at the top level in New Delhi for almost two years. By Meenakshi Ahamed](~/AAAAAQA~/RgRlhDcZP0TbaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uL2luZGlhLXVzLWJpZGVuLW1vZGkuaHRtbD9jYW1wYWlnbl9pZD0zOSZlbWM9ZWRpdF90eV8yMDIyMTIyMCZpbnN0YW5jZV9pZD04MDY2MyZubD1vcGluaW9uLXRvZGF5JnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xMjAzNTcmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmOQGbKhY861F8FSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~) [Article Image](~/AAAAAQA~/RgRlhDcZP0TbaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8xMi8yMC9vcGluaW9uL2luZGlhLXVzLWJpZGVuLW1vZGkuaHRtbD9jYW1wYWlnbl9pZD0zOSZlbWM9ZWRpdF90eV8yMDIyMTIyMCZpbnN0YW5jZV9pZD04MDY2MyZubD1vcGluaW9uLXRvZGF5JnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xMjAzNTcmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmOQGbKhY861F8FSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~) [LETTERS House Panel Backs Prosecution of Trump Readers react to the Jan. 6 committee’s action and a guest essay by a Capitol Police officer. 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