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tiffanyg | 2 years ago
People like Warren Buffett and Charlie Munger are / were far closer to sound / faithful capitalists than most seem to be, lately:
https://www.nytimes.com/2019/05/05/business/warren-buffett-c...
But, one can go further, IMO:
https://link.springer.com/article/10.1007/s10551-020-04521-5
Those who stress the idea that "greed is good" set themselves (and, unfortunately, the rest of us, as well) up for misery and the kinds of instability / inequality / tightrope walk that may culminate in events like the Reign of Terror (one example that always comes to my mind, at least - a la Les Misérables, for example [but, so much more than 'just' that theatrical version of events]).
* ~3 hours ago - and, not a common thought at all for me (though thinking about economics in general is common)
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