> I feel That’s fine. I don’t. One of the core claims of capitalism being an improvement over centrally planned economies is that no entity is capable of maki

> I feel That’s fine. I don’t. One of the core claims of capitalism being an improvement over centrally planned economies is that no entity is capable of making all the most efficient decisions without being an actor in the transaction. The decentralized nature of the free market is supposed to create efficiencies as the actors closer to the transaction and with better information, make more efficient transactions. Mega rich billionaires are massive concentrations of wealth and as long as they control how it is deployed they are becoming closer and closer to the heads of centrally planned economies. The fact that they are private individuals doesn’t change that fact. In my most charitable view, billionaires are a sign of a market failure, as in a competitive market they never would have had the margins to accumulate that much extra capital