4 ms·
This whole new fantasy that billionaires know best for consumers is quite concerning. The idea that these institutions, like FTC, are bad for consumers, and th
by libertine 2y ago
This whole new fantasy that billionaires know best for consumers is quite concerning.
The idea that these institutions, like FTC, are bad for consumers, and this new blind faith that things must be deregulated because the market will solve it for the better is going to be interesting.
By the way, when things turn bad, it's we who will pay the price again for this deregulation, not billionaires. It's like people are choosing fantasy and magical thinking over History... 2008 wasn't that long ago.
- jjeaff 2y agoThe idea of the wealthy robber barons knowing better is actually no new. It's a renewal of what the old robber barons like Rockefeller and Carnegie et al espoused.