Extreme wealth is not per se a problem, or not a terribly pressing one. The rounds to always that extreme personal and corporate wealth becomes fungible into i

Extreme wealth is not per se a problem, or not a terribly pressing one. The rounds to always that extreme personal and corporate wealth becomes fungible into induced market failure, is deployed exactly that way, leading to you guessed it, even more extreme personal and corporate wealth is a huge problem. It’s going to cook us even faster than carbon emissions in fact on present course. I can see why a middling academic like Friedman, or an embittered Eastern Bloc emigre like Rand, or generations of ambitious apparatchiks and politicos have seen fit to endorse some nonsense, zero-evidence economic theories to the contrary. As for why a community like HN that both knows better and stands to lose thereby endorses this manure? I don’t have any better explanation than Clements on temporarily impoverished millionaires.