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joe rogan
Musk, Social Security, and the Ponzi-Scheme Boomerang
Dismantling the most prominent social welfare program of the last century is undoubtedly an extremist undertaking and Musk is employing Trumpism as a discourse to help make that happen. Whether he succeeds is dependent in no small part on our ability to call out and resist his verbal jujitsu.
Mar 03, 2025
In an interview with podcaster Joe Rogan, the world’s richest person Elon Musk late last week called Social Security “the biggest Ponzi scheme of all time.” It was yet another “pot calling the kettle black” moment in the run-on sentence called Trumpism.
I say run-on sentence because it is important to highlight Trumpism as featuring a nefarious discourse self-consciously deployed by Donald Trump and his acolytes to normalize their extremism. Trumpism as a discourse obfuscates so as to legitimate what has become its extremist threat to the existing political system, the rule of law and U.S. Constitution. It is a distinctive way of speaking that facilitates highly questionable action. We see this repeatedly in the Trump era.
Trumpism as a discourse most prominently features three verbal maneuvers: gaslighting, coopting, and boomeranging. All three are intertwined in the disingenuous effort to overturn our liberal democracy and further the move toward a more illiberal autocratic political system, where Trump and his followers get to claim they are saving us from the failures of the current political system. Gaslighting is where you deflect a criticism by saying that the problem is something other than what the critic alleged, thereby insulating yourself from that criticism. For instance, the January 6th attack on the Capitol was actually an inside job perpetrated by the FBI. Coopting is where you adopt the language of your critics so that you are the one with the just cause and they are the one who is deserving of condemnation. The January 6th attack on the Capitol was an instance of Trump supporters standing up for democracy, not trying to undermine it. Boomeranging is where you send criticism directed at you right back at your critics. In this case, the claim is that the critics of the January 6th insurrection are actually the ones who are threatening democracy. These are all lies, aided by disinformation, consciously deployed to pollute public discourse and open the door to allowing Trump and is supporters to overthrow the existing constitutional order.
Why toss the Ponzi scheme boomerang now? Perhaps either because you do not know how Social Security works, or you don’t care because you are so keen to legitimate your extremist actions of illegally decimating the cornerstone of the U.S. welfare state.
With Trump’s second term as president beginning, the discourse of Trumpism has now become commonplace in American politics. It had worked effectively to help Trump regain the presidency. He now is abusing the powers of that office to among other things unleash Musk as a temporary advisor to the president to illegally and unconstitutionally begin without congressional authorization dismantling the federal bureaucracy and the programs its implements.
Musk has been recruited by Trump to take on the role of special advisor for allegedly seeking to root out waste, fraud and abuse from the federal bureaucracy, even as Musk’s private companies continue to profit in the millions of dollars from contracts from that bureaucracy. For some reason, Musk’s own contracts have been exempted from his investigations, but Social Security has not. Dismantling the most prominent social welfare program of the last century is undoubtedly an extremist undertaking and Musk is employing Trumpism as a discourse to help make that happen. Whether he succeeds is dependent in no small part on our ability to call out and resist his verbal jujitsu.
Dismantling Social Security would be very significant, for it not only provides major benefits to over 70 million retirees and persons receiving disability and survivor benefits (about one in five Americans). The program was enacted by Congress during the Great Depression with the Economic Security Act of 1935 (which quickly came to be known as the Social Security Act). It has become the cornerstone of the American welfare state, limited as it is compared to its counterparts in the rest of the developed world. It is nonetheless the most effective anti-poverty program in the history of the country, basically reducing the poverty rate among the elderly by half once its benefits started getting adjusted annually in 1972 to keep up with inflation. It has long been considered the “third rail” of American politics for any politician who tries to tamper with it usually ends up getting repudiated, just as President George Bush did when he tried to privatize it after winning re-election in 2004. Now Trump is going down that road but using the discourse of Trumpism to legitimate undermining this bedrock foundation of the U.S. welfare state.
Calling Social Security the “biggest Ponzi scheme in American history” is pure Trumpism. It is a boomerang. Many people have pointed out the Ponzi-scheme nature of Musk’s own preferred cryptocurrency Dogecoin. Dogecoin was the source for Musk calling his anti-federal government initiative “DOGE” (Department of Government Efficiency). Musk’s response was like him saying “no Dogecoin is not a Ponzi scheme, but Social Security is,” thereby redirecting the criticism of Dogecoin (and all cryptocurrencies) toward the government’s largest and most effective social welfare program. Cryptocurrencies, like Dogecoin, but also even more prominently Bitcoin, have been, for the last decade or so, very popular, especially with people who want to be free of having to rely on government-backed currency like the dollar. Cryptocurrencies have an anti-government elan that attracts all kinds of people, including libertarians and even anarchists. Calling Social Security the biggest Ponzi scheme in history is an anti-government boomerang perpetuated in the name of speculators who want to be free of government regulation.
Strictly speaking, a Ponzi scheme is where those who initially invest in some initiative reap profits from those who subsequently invest, and those subsequent investors will gain only if there are further investors. People are lied to in that there is no actual productive activity that is being invested in, contrary to what they were told. There is only a system of forwarding investments forward to the people who came before you. Once no new investors appear, the flow of profit stops and people are left with no returns on their investment. The largest Ponzi scheme ever was conducted by Bernard Madoff who for decades told people he successfully invested their money in stocks and other investments but actually just forwarded new investments to his clients until the flow of money stopped and he was revealed in 2008 to have defrauded people of tens of billions of dollars.
Actually, neither Social Security nor cryptocurrency is necessarily a Ponzi scheme. Crypto investors are not usually lied to that there is some supposed productive enterprise they are investing in, and Social Security recipients are told that will receive government guaranteed benefits regardless of how their contributions are invested or not. In both cases though, current contributions are used to pay out benefits to people who paid in previously.
In an attempt to make Social Security seem all-American, individualistic and capitalistic, it was originally sold to the American public as a “social insurance” program making it seem like it was no different than private insurance where people pay in to finance their own benefit. This sleight of hand was called the “insurance myth,” for people were never really financing their own benefit but contributing to a collective funding of the program overall. Social insurance is simply not the same as private insurance. It is more a collective than individual effort.
Yet, what is important here regarding the boomerang is that Social Security is in fact superior to cryptocurrencies just because it provides government backed, guaranteed benefits. The anti-government posture of cryptocurrencies, including Musk’s preferred Dogecoin, makes them vulnerable to being seen as way riskier than Social Security. Musk’s boomerang fails, Dogecoin is more like a Ponzi scheme than any government guaranteed benefit.
It is true that Social Security periodically needs tweaking by Congress to ensure that contributions keep up with what is needed to pay out to retirees and others. But that has consistently been done for almost a century. Why toss the Ponzi scheme boomerang now? Perhaps either because you do not know how Social Security works, or you don’t care because you are so keen to legitimate your extremist actions of illegally decimating the cornerstone of the U.S. welfare state. Is it because Musk as an adult immigrant never bothered to learn American public policy while in college or later, or because Musk just wants to destroy the government in the name of his libertarian fantasy? In any case, his Ponzi-scheme boomerang might to some degree work with segments of the public. For that reason alone, we need to highlight this particularly pernicious instance of Trumpism as a dangerous discourse.
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Zuckerberg Extols 'Masculine Energy' in Corporate America as Meta Kills DEI Programs
"Remember, Zuckerberg built Facebook not for social connection but to rate the hotness of his female college mates," noted one critic.
Jan 11, 2025
As numerous U.S. corporations bend to the right with the political winds swirling around Republican President-elect Donald Trump's imminent return to power, Meta CEO Mark Zuckerberg is following up on his company's termination of its fact-checking program by ending its diversity, equity, and inclusion programs and praising "masculine energy" in corporate America.
"I think a lot of the corporate world is, like, pretty culturally neutered," Zuckerberg said during an interview with the eponymous host of "The Joe Rogan Experience" podcast on Friday. Meta is the parent company of social platforms including Facebook, Instagram, and Threads.
Explaining that he has "three sisters, no brothers" and "three daughters, no sons," Zuckerberg continued: "So I'm, like, surrounded by girls and women, like, my whole life. And it's like...I don't know, there's something, the kind of masculine energy, I think, is good."
"And obviously, you know, society has plenty of that, but I think corporate culture was really like trying to get away from it," he said. "And I do think that... all these forms of energy are good. And I think having a culture that, like, celebrates the aggression a bit more has its own merits that are really positive."
The tech industry is built on 'masculine energy', a bro--no girls allowed--culture. Remember Zuckerberg built Facebook not for social connection but to rate the hotness of his female college mates. www.bloomberg.com/news/article...
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— Amy Diehl, Ph.D. (@amydiehl.bsky.social) January 11, 2025 at 8:09 AM
Zuckerberg elaborated:
I do think that if you're a a woman going into a company, it probably feels like it's too masculine. Right? And it's like there isn't enough of the kind of the energy that you may naturally have. And it probably feels like there are all these things that are set up that are biased against you. And that's not good either, 'cause you want women to be able to succeed.
But I think these things can... go a little far. And I think it's one thing to say we want to be kind of, like, welcoming and make a good environment for everyone. And I think it's another to basically say that masculinity is bad. And I, I just think we kind of swung culturally to that part of the... spectrum where, you know, it's all like, okay, masculinity is toxic. We have to, like, get rid of it completely.
No... Both of these things are good, right? It's like, you want, like, feminine energy, you want masculine energy... I think that that's all good. But I do think the corporate culture sort of had swung towards being this somewhat more neutered thing. And I didn't really feel that until I got involved in martial arts, which I think is still a more, much more masculine culture.
While some social media observers attributed Zuckerberg's shift to factors like "the power of gym bro masculinity," others noted the rightward shift in corporate America accompanying Trump's White House return and Republicans' control of both houses of Congress.
"Zuck is a Cuck": Meta's Billionaire Bends The Knee to MAGA Mark Zuckerberg joins a rogue's gallery of billionaires capitulating to Donald Trump's threats and promoting MAGA's agenda against truth, democracy, and diversity for the sake of self-preservation. thelefthook.substack.com/p/zuck-is-a-...
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— Wajahat Ali (@wajali.bsky.social) January 10, 2025 at 6:47 PM
Nowhere is this more pronounced than in the wave of companies ending or dialing back diversity, equity, and inclusion (DEI) programs. The growing list includes McDonald's, Walmart, Boeing, Molson Coors, Ford, Harley-Davidson, John Deere, Amazon, and—as of Friday—Meta.
According to an internal memo from Meta vice president of human resources Janelle Gale viewed by several media outlets, Meta is immediately ending DEI programs in hiring, training, and supplier selection because the "legal and policy landscape surrounding diversity, equity, and inclusion efforts in the United States is changing."
"The term 'DEI' has also become charged, in part because it is understood by some as a practice that suggests preferential treatment of some groups over others," Gale explained.
Meta's move follows Tuesday's announcement that the company is ending its third-party fact-checking program because it is "too politically biased" and replacing it with community notes à la X, the social media platform formerly known as Twitter and owned by Elon Musk, who will co-chair the Trump administration's Department of Government Efficiency.
The announcement also said Meta "will be moving the trust and safety teams that write our content policies and review content out of California to Texas and other U.S. locations."
As part of its broad new "free expression" policy, Meta will also permit certain speech widely considered hateful by human rights defenders.
According to training materials
viewed byThe Intercept and other media outlets, Meta users will be able to say things like "immigrants are grubby, filthy pieces of shit," "Black people are more violent than whites," "Italians are dickheads," women are "household objects" or "property," and transgender people are mentally ill. Calling trans people "trannies" or "it" is now also acceptable on Meta sites.
I got a warning for posting "you are an evil man" to Zuck but not for posting "you are a degenerate tranny." Real nice system they have at Meta.
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— Alejandra Caraballo (@esqueer.net) January 10, 2025 at 7:50 PM
The New York Timesreported Friday that Meta has ordered its offices in Silicon Valley, New York, and Texas to remove the tampons which had been offered to transgender and nonbinary employees who use men's restrooms. The report also said that Meta has removed trans and nonbinary themes from its Messenger chat app.
Zuckerberg has also appointed UFC CEO Dana White, a friend and supporter of Trump, to Meta's board of directors,
explaining, "I've admired him as an entrepreneur and his ability to build such a beloved brand."
These moves followed a November meeting between Trump and Zuckerberg at the former's Mar-a-Lago resort in Florida, after which Meta reportedly also gave $1 million to the president-elect's inauguration fund.
Zuckerberg's alignment with key elements of Trumpism represents a stark departure from just a few months ago, when, in a new book, Trump accused him of inimical "plotting" during the 2020 election and said he threatened to imprison the tech billionaire for life if he did so again in 2024.
Now, Zuckerberg's blasting outgoing Democratic President Joe Biden. He told Rogan Friday that during the coronavirus pandemic, Biden administration officials would "call up and, like, scream... and curse" at Meta leaders over Covid-19 misinformation.
Some internet users poked fun at Meta's new policies, with one popular meme satirically claiming that Zuckerberg "died of coronavirus and complications from syphilis."
Who needs dumb old facts anyways?
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— JonZoidberg ( @jonzoidberg.bsky.social) January 7, 2025 at 8:42 PM
But others took a more serious view of Zuckerberg's about-face, with the Electronic Frontier Foundation (EFF) asserting this week that "these changes reveal that Meta seems less interested in freedom of expression as a principle and more focused on appeasing the incoming U.S. administration."
"Meta has long been criticized by the global digital rights community, as well as by artists, sex worker advocacy groups, LGBTQ+ advocates, Palestine advocates, and political groups, among others," EFF added. "A corporation with a history of biased and harmful moderation like Meta [needs] a careful, well-thought-out, and sincere fix that will not undermine broader freedom of expression goals."
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