I agree with @DanRiffle on this. Billionaires are a function of political capture of a market or series of markets, not productive enterprise. https://mattstoller.substack.com/p/what-is-a-billionaire … https://twitter.com/DanRiffle/status/1193162131216187393 …
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Replying to @matthewstoller @DanRiffle
I'm not sure about this. Isn't it more a function of declining marginal cost businesses (software, IP, etc.) and a massively expanded global market (free trade)? Let's take AWS for example—how does political capture play into it?
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Replying to @realchrisrufo @DanRiffle
No, ip is a political choice. So are global trading arrangements. And corporate charters.
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Replying to @matthewstoller @DanRiffle
Interesting, I see this perspective. Appreciate the thoughtful reply. Keep up the good work.
4:46 PM - 9 Nov 2019
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