Stop worshipping billionaires.
Elon Musk threw away tens of billions of dollars to buy Twitter, and has spent the last year running it into the ground.
When billionaires take control of our most vital platforms for communication, it’s not a win for free speech.
It’s a win for oligarchy.
Two centuries of #bankfailures in a single chart... and the extraordinary period of stability between 1950 & 1970.
Whatever #bankers may claim about the 'problem' of regulation & the hand of the state, as @RichardJMurphy pointed out this morning - this is the period where Kenynsianism shaped public policy & delivered financial stability...
If you wanted an illustration of why #capitalism works best when it is regulated carefully, this would be it.