Central planning doesn't work any better if you put billionaires in charge. What was even the point of escaping socialism if the so-called capitalists are going to reinvent it? I could have stayed home and enjoyed better ham.https://twitter.com/rabois/status/1192512119893188608 …
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The centrally planned tech startup economy (where the planners are a few hundred venture "capitalists") has some social benefit, like deeply subsidized food delivery, but is also terrifically wasteful and not sustainable in the absence of giant slush funds of oil wealth.
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Most of my Twitter wars about socialism are pointless because the kind of highly-regulated capitalism I love is isomorphic to most Americans' concept of socialism, but we have a golden example of the failures of central planning right in the middle of our most lucrative industry
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End of conversation
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is not the hero America deserves, just the one that it needs right now.
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