nat brunell
· 1w
You don’t hate capitalism. You hate crony capitalism.
Tax the Rich and socialism aren’t the solution.
https://youtu.be/1_0HZEbU4gI?is=6Q4OdygEqSrdITiY
The useful test here is regulatory capture: Stigler coined the term for when regulators end up serving the industries they're meant to oversee, and public choice theory shows special interests predictably lobby for inefficient policies.