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Russia Confiscates $7.6Bln in Assets in Largest Nationalization Yet - The Moscow Times
(www.themoscowtimes.com)
Oligarchs in the US take note⦠this is your future
this post was submitted on 12 Jun 2026
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I can't see SpaceX not getting nationalized in 6-10 years, assuming we make it that long.
If the American gov wouldn't be insane, integrating space X into NASA would be an enormous benefit to humanity in general.
We're not looking to benefit humanity atm.
Shareholder benefit on the other hand...
The assholes ruining the US are in fact interested in benefittinghumanity, the problem is they are outnof touch rich assholes and no not consider 99.9% of people to be human.
SpaceX was built up to not be a government agency. They have received many subsidies that could have been spent on NASA. The US had decided to privatize their space industry. Why should they undo it?
E.g. Starlink in Ukraine is just a private company. It's not an official involvement of the US in the war.
I think midrange investors, upper middle class people with investments, have more to worry about.
Have you seen people migrate in huge numbers from X to mastodon or Reddit to Lemmy? The oligarchs in the US are fully in control. People crave Capitalism.
Except capitalists. Each of them wants to be a monopolist.
Each of them wants to be a monopolist.
The monopolies, that is Capitalism. Free markets with competition is not Capitalism because then people with capital don't have much power.
You can see it that way, but most billionaires we have today aren't monopolitsts but are completely beyond the reach of the law and buy out governments.
you're conflating capitalism with plutocracy.
And yeah, capitalism will lead to plutocracy if left unchecked, but they're not the same thing.
capitalism will lead to plutocracy if left unchecked
But is it Capitalism if it is checked? If something stands above capitalism and controls it, then that is the governing philosophy and deserves the -ism, not capital.
If something stands above capitalism and controls it, then that is the governing philosophy and deserves the -ism, not capital.
capitalism isn't a form of governance it's an economic system.
Democracy is a form of governance, so is plutocracy, or monarchy, or aristocracy.
Many different forms of governance can structure their economy using capitalism.
But a capitalist economy will always push the current form government towards plutocracy
and that can change over night. Seriously media is powerful, but it is pretty easy to have a billionaire thrown into say Guantanamo and tortured until he signs over his wealth or at least most of it. That is sort of what China does and it seems to work.
People crave the luxuries and conveniences they have been sold. A lot of that has been made cheap via capitalism and mass production, but the continued greed and rising prices and subscription fees are starting to make it less convenient to suppress their ire with the decay of society.
The issue is that most people, especially rural folks, donβt have the education or political vocabulary to express themselves or realize theyβve been fucked until itβs too late. Itβs easier for them to repeat predigested propaganda from FauxNews or their religious beliefs, because that is what they have been spoon fed their whole life.
From the article: '...The value of the assets seized from Moshkovich exceeds that of several other high-profile nationalization cases that have reshaped Russia's business landscape in recent years.
Those include the confiscation of seafood magnate Oleg Kan's "crab empire," valued at about $4.3 billion; Moscow's Domodedovo Airport, valued at 320 billion rubles ($4.42 billion); gold producer Yuzhuralzoloto, controlled by billionaire Konstantin Strukov and estimated to be worth around $2 billion; assets belonging to former Yugra Bank owner Alexei Khotin worth more than 200 billion rubles ($2.76 billion); pasta producer Makfa, valued at roughly 100 billion rubles ($1.38 billion); PVC manufacturer Sayanskkhimplast, valued at 92 billion rubles ($1.27 billion); and car dealer Rolf, valued at about 60 billion rubles ($828 million).
...The agency reported that billionaire Suleiman Kerimov, whose fortune is estimated at $11.6 billion by the Bloomberg Billionaires Index, offered during a closed-door meeting with Putin in March to contribute 100 billion rubles ($1.38 billion) to the state budget.
Bloomberg reported that the federal budget subsequently received 220 billion rubles ($3.04 billion) in what officials described as gratuitous contributions following Putin's annual meeting with leading business executives.'
He's shaking them down.
Now THERE's a country where billionaires pay their taxes. They have a weird schedule to do so but they pay them!
Need money for the war machine now, don'cha?