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Democratic capitalism – marriage on the rocks

Start the Week

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Is a Billion Too Much?

The pre-capitalist society was one of unlimited rent extraction by very narrow elites. Capitalism to me was essentially the inverse of that. My view is we should really try to stop wealth transmission across the generations. But if you start a business which just turns out to be worth $100 billion and that's your achievement, I don't have a huge problem with it. What I do have a problem with, and I agree completely with Bernie on that, is allowing them to buy politics.

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