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> Crony capitalism creates positive feedback loops where the friends of rich people benefit more than strangers to rich people. That's about class, not race, e
by luckylion 6y ago
> Crony capitalism creates positive feedback loops where the friends of rich people benefit more than strangers to rich people.
That's about class, not race, ethnicity or whatever other grouping you prefer. White billionaires hang out with black billionaires, not with white hobos.
- shadowgovt 6y ago> White billionaires hang out with black billionaires, not with white hobos. I'm pretty sure that, to a 90%-10% ratio, they hang out with white millionaires, not either of the groups you described.
- throwaway894345 6y agoYou're reinforcing the parent's point that there's not race discrimination but class discrimination. Our hypothetical white billionaire is presumably discriminating utterly on a class basis (hanging out with zero poor people of any race) and not discriminating at all on a racial basis (hanging out with members of his class in proportion to their race / without racial bias).
- shadowgovt 6y agoYou missed the "black billionaires / white millionaires" distinction.
- throwaway894345 6y agoI did, my mistake. In that case I'm skeptical of your premise (that white billionaires hang out with white millionaires but not black billionaires).