SMP LeaderTalks

#129 | The power of the American oligarchs

SMP LeaderTalks

21. January 2026

Georgiy Michailov meets Julian Heißler

On the decline of democracy, freedom for the few, and the influence on the media.

1 h 16 Min

“When money takes over power, it becomes dangerous for democracy.”

What happens when politics becomes a stage for the super-rich? When billionaires influence elections, the media, and public opinion—and thus systematically undermine the democratic process? US correspondent Julian Heißler knows the political reality in the US. It shows that the influence of a small, extremely wealthy elite has reached a level that not only calls American democracy into question, but also has an impact on political culture worldwide.

“The system is designed to protect the interests of the super-rich – no matter who is in power.”

Julian Heißler has reported from Washington as a correspondent for many years. In this SMP LeaderTalk, he explains the influence of the super-rich on US politics. He analyzes why personalities such as Elon Musk and Peter Thiel are heralding a new era of political influence – and why this influence is not limited to one party. The two also talk about what really drives Silicon Valley, how the media landscape in the US works, whether democracy is on the brink of collapse, and how it differs from the German political system.

*Video only in German

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