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'Every Billionaire Is a Policy Failure,' Says Oxfam as Global Elite Gather in Davos

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Submitted ⁨⁨2⁩ ⁨years⁩ ago⁩ by ⁨N01⁩ to ⁨Economics⁩

https://www.commondreams.org/news/billionaires-policy-failure-oxfam

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  • sj_zero ⁨2⁩ ⁨years⁩ ago

    At the end of the day, behind every billionaire or at least almost every billionaire you find the backing of a nation state.

    It comes from a thousand different directions. One massive one is the banking system which isn't at all a private industry given how much the state steps in to make it relatively safe to basically engage in perpetual fraud.