Post #1634865

2025-08-17 20:28 UTC

@jay_peper > The existence of billionaires is a market failure I don't know anything about economics, but it seems to be a feature of capitalism. 🍕

Replies (3)

@jay_peper@chaos.social 2025-08-17 20:39

@AnnyJoe I did not mention capitalism

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@dacig@mastodon.social 2025-08-17 21:17

@AnnyJoe @jay_peper If markets worked as The Hand intended, it would be very difficult to have such lopsided results with billionaires and poors. Captured markets, monopolies and other distortions make billionaires possible.

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@PeachMcD@union.place 2025-08-18 01:53

@AnnyJoe @jay_peper I do know something about the theory/game of capitalism from having it rammed down my throat since childhood If any other theory/system had failed So F'in Spectacularly to deliver on its promises, we'd have rejected it a century ago Capitalism is maintained by force of arms & by Very Expensive Propaganda #Abolition #Solidarity #Truth is the road to the Reign of Love so that's where I focus as best I can I am #Episcopalian 🕊 :BLM: :better_pride: :iww: 🖖🏽 🇵🇸

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