Something I find interesting are the parallels from current day billionaires to dictators and depots throughout history. I was recently listening to Behind the Bastard, where they spoke of Nicolae Ceaușescu [1]. Among the terrible things he did, he also constructed the largest civilian government building in the world, the Parliamentary Palace. It's sits at 30% capacity today; because it was built not to be used, but to fan his ego.
I remembered always being told growing up that capitalism was superior to communism because it intelligently allocated resources based on the market. But by giving a few people billions of dollars, we're seeing them do the same things communist dictatorships did; throwing money blindly into vanity projects. Like The Line [2], or Telosa [3]. I have to wonder if the modern billionaires are creating a similar instability in society, even if it is lessened by their not being the head of government.
I remembered always being told growing up that capitalism was superior to communism because it intelligently allocated resources based on the market. But by giving a few people billions of dollars, we're seeing them do the same things communist dictatorships did; throwing money blindly into vanity projects. Like The Line [2], or Telosa [3]. I have to wonder if the modern billionaires are creating a similar instability in society, even if it is lessened by their not being the head of government.
[1]: https://en.wikipedia.org/wiki/Nicolae_Ceau%C8%99escu [2]: https://en.wikipedia.org/wiki/The_Line,_Saudi_Arabia [3]: https://en.wikipedia.org/wiki/Telosa