Meta’s announcement that it will abandon fact-checking in the United States — in what appears to be an appeasement to fact-averse Donald Trump — is just the latest illustration of the importance of billionaires in the president-elect’s second term.
Some of the world’s wealthiest business leaders have lined up to support Trump, while his cabinet choices also reflect his penchant for the wealthy.
To an unprecedented degree, Trump has stacked his cabinet with conspicuous loyalists. The fact that most are rich white men isn’t out of step with previous Republican administrations. Titans of finance and captains of industry have always had a seat at the table during Republican presidencies.
