By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    World Bank agrees $7bn new partnership framework with Egypt
    World Bank agrees $7bn new partnership framework with Egypt
    March 22, 2023
    IFC-supported partnership launched to help increase clean water supply in Egypt
    IFC-supported partnership launched to help increase clean water supply in Egypt
    March 22, 2023
    International powerhouse brands turn to inaugural GITEX Africa 2023 as launchpad to scale operations in the world’s next biggest digital economy
    International powerhouse brands turn to inaugural GITEX Africa 2023 as launchpad to scale operations in the world’s next biggest digital economy  
    March 22, 2023
    Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
    Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
    March 22, 2023
    Egypt aims to attract 30 million tourists in 2028: Tourism Minister
    Egypt aims to attract 30 million tourists in 2028: Tourism Minister
    March 22, 2023
  • Politics
    PoliticsShow More
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    March 22, 2023
    Turkish President  Recep Tayyip Erdoğan and Egypt President Abdel-Fattah Al-Sisi met in Doha
    Opinion| Türkiye and Egypt: For better times with many opportunities
    March 22, 2023
    Drought caused 43,000 deaths in Somalia in 2022: UN
    Drought caused 43,000 deaths in Somalia in 2022: UN 
    March 22, 2023
    Opinion| The Chinese dragon occupies America's place in the Middle East
    Opinion| The Chinese dragon occupies America’s place in the Middle East
    March 22, 2023
    Al Azhar University partners with Google to empower students with latest learning solutions
    Al Azhar University partners with Google to empower students with latest learning solutions
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Opinion| Businessmen make political decisions in the United States of America
Share
Notification
Latest News
World Bank agrees $7bn new partnership framework with Egypt
World Bank agrees $7bn new partnership framework with Egypt
Business
Egypt’s foreign minister phones Algerian counterpart over boosting ties
Egypt’s foreign minister phones Algerian counterpart over boosting ties
Politics Egypt
IFC-supported partnership launched to help increase clean water supply in Egypt
IFC-supported partnership launched to help increase clean water supply in Egypt
Business
Turkish President  Recep Tayyip Erdoğan and Egypt President Abdel-Fattah Al-Sisi met in Doha
Opinion| Türkiye and Egypt: For better times with many opportunities
Politics Opinion
International powerhouse brands turn to inaugural GITEX Africa 2023 as launchpad to scale operations in the world’s next biggest digital economy
International powerhouse brands turn to inaugural GITEX Africa 2023 as launchpad to scale operations in the world’s next biggest digital economy  
Business Technology
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Opinion > Opinion| Businessmen make political decisions in the United States of America
OpinionPoliticsWorld

Opinion| Businessmen make political decisions in the United States of America

Hatem Sadek
Last updated: 2022/10/19 at 11:41 AM
By Hatem Sadek 6 Min Read
Share
Opinion| Businessmen make political decisions in the United States of America
SHARE

Years after the end of the American war on Vietnam, which lasted nearly 20 years, official documents and American press leaks began to reveal and unfold the truth of a war, in which more than 58,000 American soldiers were killed, as well as more than 100,000 wounded and missing. The great surprise was that the main cause of that war, according to these documents, was a group of war brokers and businessmen with close ties to American weapon manufacturers. Of course, the goal was to increase the sales of these companies in a way that enhances their profitability and growth. It’s all about money.

The same experience is currently being repeated from another perspective. Two weeks ago, American billionaire Elon Musk proposed a possible agreement to end the war between Russia and Ukraine, under which Ukraine would permanently cede Crimea to Russia. This is in addition to holding new referendums under the auspices of the United Nations to determine the fate of the territories controlled by Russia. Also, Ukraine would agree to become a neutral country. Musk asked Twitter users for their opinion of his plan, prompting sharp criticism from Ukrainian President Volodymyr Zelensky, who strongly rejected this proposal.

A few days ago, Musk repeated his experience, but this time between China and Taiwan. He suggested the possibility of ending tensions between China and Taiwan by handing Beijing some control over Taiwan. It is known that the electric car company “Tesla” owned by the American billionaire runs a large factory in Shanghai. So Musk said he believed a conflict over Taiwan was inevitable and warned of its potential impact not only on Tesla, but also on Apple, the maker of iPhones, and on the economy more broadly. On the positive side, both the Russian and Chinese sides agreed to Musk’s proposals and considered it a good step in ending conflicts and wars.

In February, when the Internet in Ukraine was disrupted in the wake of the Russian attack, Musk responded to a tweet by a Ukrainian government official seeking help to explain that SpaceX’s satellite broadband service, Starlink, was available in Ukraine and that the company would send more support. “The cost of (SpaceX) to enable and support (Starlink) in Ukraine is about $80m so far. Our support for Russia is $0. We are pro-Ukraine,” Musk wrote on Twitter.

There is no doubt that money has a strong influence on economic structures around the world, as it is the beating heart of it. Naturally, whoever has more money will have more power and influence. At present, the largest companies have become the entity that gathers huge capital. With the passage of time and the frantic pursuit of profit, giant companies have emerged that possess financial and real estate assets and budgets equivalent to those of entire countries.

Among the most prominent of these companies are American companies specializing in various economic and commercial fields, such as the arms industry, petroleum, media, and banking. Due to the alliances and cartels between them, each of them has become dominant in the field in which it operates and exercises a kind of monopoly and control over the markets. More than that, these major companies have exceeded the scope of their work, to interfere directly and indirectly in American political decision-making, both internal and external, to ensure that they continue their business, increase their profits, and maintain their interests.

Under the special nature of the political system in the United States of America, and the policies of governance and elections there, the owners of money were able to form lobbies that worked to secure their interests until it came to the point of exchanging roles. We see, for example, a businessman becoming a seasoned politician, and we may see the latter entering the arena of commercial competition to become one of the wealthy.

Therefore, it can be noted that American politicians are indispensable to the owners of capital, and the latter are also indispensable to the politicians. They complement each other. Any American politician needs financial and media support from a certain economic bloc (often a major company), and in return, he guarantees its interests through political and economic decisions. Only the owners of huge wealth can donate it, in exchange for the continuation or change of the status quo for the benefit of the donor.

Big companies play a role in US political decision-making with the elements they possess of economic power and political influence. Its influence even extended to the people as well, with its enormous media power that shapes public opinion and controls tastes and moods. 

Dr. Hatem Sadek: Professor at Helwan University

You Might Also Like

Egypt’s foreign minister phones Algerian counterpart over boosting ties

Opinion| Türkiye and Egypt: For better times with many opportunities

Drought caused 43,000 deaths in Somalia in 2022: UN 

Opinion| The Chinese dragon occupies America’s place in the Middle East

Al Azhar University partners with Google to empower students with latest learning solutions

TAGGED: america
Share this Article
Facebook Twitter Email Print
Previous Article Opinion|Biden's threats to punish Saudi Arabia are much ado about nothing Opinion| Biden’s threats to punish Saudi Arabia are much ado about nothing
Next Article Opinion| Either side wins, global destruction is guaranteed Opinion| Either side wins, global destruction is guaranteed
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

World Bank agrees $7bn new partnership framework with Egypt
World Bank agrees $7bn new partnership framework with Egypt
Business
Egypt’s foreign minister phones Algerian counterpart over boosting ties
Egypt’s foreign minister phones Algerian counterpart over boosting ties
Politics Egypt
IFC-supported partnership launched to help increase clean water supply in Egypt
IFC-supported partnership launched to help increase clean water supply in Egypt
Business
Turkish President  Recep Tayyip Erdoğan and Egypt President Abdel-Fattah Al-Sisi met in Doha
Opinion| Türkiye and Egypt: For better times with many opportunities
Politics Opinion
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?