The Dirty Secrets Of Capitalism

By Leo Gura - December 5, 2019

Unlike most billionaires, this billionaire is doing a great job at overcoming his self-bias:

We need more millionaires and billionaires to speak out against the devilry of neoliberal economics. Unfortunately most of them are so comfy it makes them blind to the systemic rigging. A lot of millionaires and billionaires hold libertarian and capitalist ideologies because that’s what serves their survival, and allowed them to rise to the top.

It would be almost impossible for someone who’s conscious of the devilry of neoliberalism to run a giant Fortune 500 company like Microsoft, Amazon, Apple, Facebook, Disney, Exxon, Boeing, Walmart, Coca Cola, AT&T, etc. To run such companies requires that management and investors bullshit themselves about how good and fair it all is. All of these companies need to believe that giant monopolies, low taxes, and deregulation are good for society. Without such a positive mythology, management and investors would have an existential and moral crisis.

“It is difficult to get a man to understand something when his salary depends on his not understanding it.”

— Upton Sinclair

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