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There is no billionaire who can even remotely approach the purchasing power of a government. If billionaires could truly influence markets, we'd have seen it on
by nickpp 6y ago
There is no billionaire who can even remotely approach the purchasing power of a government. If billionaires could truly influence markets, we'd have seen it on the stock market. Instead, we saw the Fed.
I am not proposing to get rid of the government, that leads to anarchy. A government is required to uphold the rule of law and, for markets, to sustain contracts. I would also argue that they should tax externalities. The trouble starts when governments go beyond that and start regulating and influencing the markets, ending up corrupting them.