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I'm highly doubtful that billionaires want to do away with capitalism.
by zach_garwood 4y ago
I'm highly doubtful that billionaires want to do away with capitalism.
- findalex 4y agoCapitalism has nothing to say about massive government contracts and subsidies following to these people from tax payer pockets.
- cykros 4y agoMost billionaires are terrified of unrestrained capitalism; they got where they were via government subsidies, regulatory lock-in, or simply measures came about at a time when they were big enough to afford regulations and their startup competitors could not. Not that I'd completely advocate for taking the gloves off completely -- at some point, unrestrained capitalism has a tendency to devolve into absolute feudalism, unless certain non-aggression principles are adhered to. But in either case, you'd have fewer billionaires.