blair_fix,
@blair_fix@mastodon.online avatar

Peter Thiel says that competition is for losers. He's right of course.

The best way to concentrate wealth is to limit competition and buy your way to power. Here's a look at the evidence.

https://economicsfromthetopdown.com/2023/11/23/stocking-up-on-wealth-concentration/

FantasticalEconomics,
@FantasticalEconomics@geekdom.social avatar

Great deep dive into the billionaire issue and an example of what economics should be used for from @blair_fix (whose blog is very worth following).

Billionare wealth is tied almost perfectly to the stock market. But why?

"The answer, it turns out, is that what appears as stock-market ‘growth’ is in part, an artifact of rising stock-market concentration."

Neoliberal theories are "designed get government out of the way and allow big corporations to purchase their way to power."

blair_fix,
@blair_fix@mastodon.online avatar

Thanks to everyone who supports my research. If you enjoy my number crunching, you can support it here.

https://economicsfromthetopdown.com/membership/

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