“We allowed markets to produce a class of politically connected billionaires… Now that enough billionaires have lined up behind fascism and authoritarian consolidation, it’s clear…liberal governments…will need to figure out ways to greatly reduce the wealth and social power of that class overall.”

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  1. Yup, that’s the only basic summary you need. Even the Republicans of the 1970’s understood this would be a problem: see “Equity and Efficiency” by Arthur Okun, once head of Nixon’s CEA.

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