FOREIGN POLICY MAGAZINE (March 25, 2025): Introducing Foreign Policy’s Spring 2025 Print Issue – Billionaire Rule

Is America a Kleptocracy?

Here’s how life could change for the rich, poor, and everyone in between. by Jodi Vittori

When great changes are afoot, we look for a user manual. There will be new patterns of living and new expectations for the future. The rapidly developing corruption landscape in the United States will be no exception.

Elon Musk’s First Principles

The world’s richest man wants to apply the rules of physics to politics. What could go wrong? by Adam Tooze

Elon Musk is the richest person in the world—one of the richest in history. But Musk’s power is no longer just tied to the financial wealth derived from Tesla, X, or SpaceX. Musk, by virtue of his close relationship with President Donald Trump, has been given a sweeping mandate to influence policy across the entire U.S. government through the newly founded Department of Government Efficiency (DOGE). His life as an entrepreneur sheds important light on his work as a political actor.

How Modi and Trump Treat Billionaires Differently

Both have harnessed industrialists for political ends.

Did China Get Billionaires Right?

The party does not grant impunity to the ultra-rich.