The reason: capitalism selects sociopaths to the top.
@sspopovich @greengordon @pkrugman
Here you are, friend https://archive.vn/NYRuy
@TheBierFrau @sspopovich @pkrugman
Awesome, thank you! I never read the NYT because it’s always paywalled and on the whole, it’s very biased if not outright crappy at times. (Remember the recent article where the author wasn’t sure of Musk’s political leaning? This was after he told everyone to vote Republican.)
In this case, Prof Krugman gets it half right:
“ the lesson I took from my moment of pettiness was that privilege corrupts, that it very easily breeds a sense of entitlement.”
He misses that privilege and power ATTRACT corrupt people - sociopaths. Decent people are not necessarily corrupted by money and power. Musk was never a decent person, and never will be.
@pkrugman some brutal headlines op/eds today. One might say that it's unwise to make enemies of journalists.
So much of Musks successes can be tracked back to media support. I suspect he's lost that.
@ftranschel @vertis @pkrugman sounds a bit like a justice fantasy, predicated on worthiness. Sure he's not worthy, but he wasn't before either. It's just been made more foolishly obvious, but it changes nothing.
Would love to be wrong and witness consequence. Wouldn't hold my breath.
@selfagency if you're gonna police language, you're gonna get a bunch assholes telling you to piss off. This conversation already reached the logical endgame-- insults.
People are going to keep using language in ways you don't like, thicken your skin or stay off social media.
@ttlawrie one tweet = "personal crusade"
jesus christ you fucking clowns are fragile
@henryfarrell @pkrugman
Really excellent piece.
What if the anti-real world of MAGA, anti-vaxx, big lie etc can’t be “cured”, but can only be mitigated and lived with? I share Dick’s fascination with the lines of reality and not. Hopefully I can avoid his fate. I’m a shitty writer, so I have that going for me.
Elon buying Twitter, and giving himself a platform from which to pontificate is a real life John Galt soliloquy played out in slow cringe-inducing motion.
And it illustrates the flaw in Ayn Rand's thinking. In real life, the wealthy industrialists aren't noble super men. Narcissism with a taste for authoritarianism seems to be their common coin.
@ravenonthill @pkrugman Income and asset caps.
Aristocracy is a formalized rationalization (well, one of a bunch of a range of rationalizations) for the legitimacy of guaranteeing wealth and the generational transfer of wealth.
If nobody can get rich, no aristocrats.
Don't do it slowly with the tax system; that's been tried and failed.
min(median income, mean income) x 10 = max annual income.
THIS YEAR'S max annual income x50 (you worked from 20 to 70 at max, somehow...) is the asset cap.
@ravenonthill @pkrugman And you do this all at once and as fast as you can, and you ideally do it while extirpating limited liability from everything and certainly the limited liability corporation.
LLCs fatally distort prices -- it's free if the people you're exploiting/poisoning/murdering lack the political power to stop you! -- they permit the CEO to be supreme sole autocrat of a domain.
That's the big emotional need people have that makes them want to be an aristo, and we should kill it.
Pretty disappointing, to be honest. I expected to be ruled by pseudo-autocratic oligarchs that valued hoarding wealth over human life… but I at least expected them to be competent.
Why the NYT and other publishers tie themselves to oligarchs' platforms I do not understand.
@pkrugman nice Mastodon tip at the end ;)
Free of paywall: https://archive.ph/NYRuy
@pkrugman I have hypothesis that there are two kinds of companies:
* Those that make products
* Those that make money
Microsoft makes products; they've been improving Visual Studio for decades.
Meta makes money; they'll sell you whatever they can shove out the door.
Which type does better I suspect depends on the primary culture the company does business in.
I'm sure I'm sure I'm not the first to come up with the idea. Any thoughts?