“Democracy is supposed to be ‘of the people, by the people and for the people’. Capitalism is ‘of the capitalist, for the capitalist’. Period.” – Jerry Ash
This blog post previously appeared in The National.
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Dear Billionaires,
I think we can all agree that you’ve won Capitalism. If the goal of Capitalism is to accumulate wealth via the canny deployment of capital (yours or someone else’s) for the purpose of spending that wealth on goods and services to improve your own lifestyle then you have been successful beyond measure. As a billionaire, you now possess more wealth than can be reasonably spent by any individual in a lifetime. In fact, you passed that measure a long, long time ago.