Particle.news
Download on the App Store

Krugman Ties Iran War Missteps to Billionaire Power as Reports Flag Oil-Risk Dismissals and Press Limits

New reporting underscores heavy billionaire financing in 2024 politics alongside expanding control of major media platforms.

Overview

  • The New York Times reported Trump officials brushed off warnings that attacking Iran could disrupt global oil supplies, with Trump pointing to Venezuelan output despite far larger flows through the Strait of Hormuz.
  • The Washington Post reported the Pentagon barred photographers from war briefings after photos of Pete Hegseth were deemed unflattering by his staff.
  • A Times analysis found billionaires supplied about 19% of 2024 campaign contributions, with roughly $5 going to Republicans for every $1 to Democrats.
  • Paul Krugman argues billionaire influence helped secure tax cuts, deregulation, and promotion of crypto and unregulated AI, along with administration roles for more than a dozen billionaires.
  • Sen. Chris Murphy called the Iran campaign an “epic disaster” spreading across multiple countries and described Iran’s new leader, Mojtaba Khamenei, as more hardline.