Billionaires are a danger to themselves and (especially) us

4 days ago

Billionaires' policy failures have widespread negative impacts due to their wealth and influence.
Historical example: Henry Ford's Fordlandia project in Brazil, which ignored practical considerations like hemisphere differences, leading to failure.
Rich people's mistakes are magnified because they can avoid consequences and surround themselves with yes-men.
Example: Paul Singer's influence on Southwest Airlines led to enshittification, making travel worse for millions.
Bill Gates' charitable efforts, like undermining public education, show how billionaire philanthropy can cause harm.
Jeffrey Epstein's wealth enabled his predatory behavior and bizarre eugenics projects.
Elon Musk's actions mirror past billionaires, from company towns to pushing controversial ideologies.
The myth of meritocracy is debunked by repeated economic crises caused by wealthy individuals.
Billionaires are described as 'machines for producing policy failures at scale.'

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