Peak billionaire: a billionaire tries to purchase a party nomination to outflank anti-billionaires so he can run against another billionaire

The past two years have seen a tremendous shift in the public perception of capitalism and socialism, the character of philanthropy as reputation-laundry rather than generosity, and the nature of wealth as an indicator of sociopathy, not virtue or cleverness. Read the rest

Washington establishment freaks out as Modern Monetary Theory gains currency

Modern Monetary Theory (previously) is an economic philosophy based on the idea that all state spending is "deficit" spending, since money comes into existence when the government spends it, and when the government raises taxes, it does so in order to take that money out of existence, both in order to control inflation and to limit the concentration of power in the hands of the wealthy. Read the rest

AOC feints towards fully automated luxury communism

During a talk at SXSW yesterday, Alexandria Ocasio-Cortez got an audience question about automation and jobs and answered by saying, "We should not be haunted by the specter of being automated out of work. We should be excited by that. But the reason we’re not excited by it is because we live in a society where if you don’t have a job, you are left to die. And that is, at its core, our problem." Read the rest

Winners Take All: Modern philanthropy means that giving some away is more important than how you got it

Anand Giridharadas was a former McKinsey consultant turned "thought leader," invited to the stages of the best "ideas festivals" and to TED (twice), the author of some very good and successful books, and as a kind of capstone to this career, he was named a fellow to the Aspen Institute, an elite corps of entrepreneurs who are given institutional support and advice as they formulate "win-win" solutions to the world's greatest problems, harnessing the power of markets to lift people out of poverty and oppression. Read the rest