Published in


Photo by on

Would an Efficient Economy Create Billionaires?

I’ve been running the numbers. It doesn’t look good.

Scratch a conservative and they will tell you that capitalism is the best system for allocating scarce resources. I’m not sure about that. How about capital? I’m not so sure about that, either. We don’t have very many useful metrics for understanding wealth. We’re not in the habit of using them…




What matters now. A publication from Medium about politics, power, and culture.

Recommended from Medium

Sensex Opens Flat; FMCG & Bank Stocks Underperform

The Great Outdoors & Payments

COVID The United States and Two Emerging Economies

The True Power of the Trump Economy?

Donald Trump giving thumbs up next to text “Our economy is the envy of the world. Perhaps the greatest economy we’ve had …

影響股市上下震盪的背景因素之連載(下):俄烏戰爭 Background factors affecting the ups and downs of the stock market…

See No Evil, Speak No Evil…

The path to COVID recovery: the urgent need for the EU Green Deal and a new approach to Industrial…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


Husband, father, worker, philosopher, and observer. Plumbing the depths of consciousness to find the spring of happiness. Write on.

More from Medium

Breaking Up America, Meat-Shaming, Corporations Sending People to Prison, and Tax Evasion

Everything You Hear About Inflation is Bullsh*t

Is CNN About to Implode?

The Sonos Patent Win Against Google