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by gruez
1484 days ago
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>this author seems to take as a fairly key element of their argument that people getting stupid rich and then doing government type stuff without democratic oversight is good [...] Which part is bad? The "government type stuff" or the "without democratic oversight"? I agree that billionaires fielding their own armies/police forces would be pretty bad, but what's wrong with funding homeless shelters or schools? If I decide to volunteer at a soup kitchen, am I also "doing government type stuff without democratic oversight"? |
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You don't get to be fabulously wealthy without some of the second order effects of your wealth accumulation being unsavory. Generally speaking, these people will do things like run out competition, foster massive economic inequality, and perpetuate labor abuses to pad their bottom line and then buy the indulgences by doing a cosmetically "good" bit of philanthropy. But they probably could have done more good by doing their day job in a less exploitative way.