This is how you know that polemics about “free markets” and competition require a critical eye. One would think that in a truly competitive market there would be no profits to fund a $45 billion passion project of the CEO,
I for one am somewhat of the opposite view, to a degree anyway. I think we need more money spent on passion projects like that, since it means the money is actually cycling back into the economy instead of just being hoarded like a dragon’s hoard. I agree that in an ideal world there wouldn’t be billionaires at all to do this kind of thing, but in this case at least I think it’s a good thing the money is actually being spent (theoretically).
This is how you know that polemics about “free markets” and competition require a critical eye. One would think that in a truly competitive market there would be no profits to fund a $45 billion passion project of the CEO,
I for one am somewhat of the opposite view, to a degree anyway. I think we need more money spent on passion projects like that, since it means the money is actually cycling back into the economy instead of just being hoarded like a dragon’s hoard. I agree that in an ideal world there wouldn’t be billionaires at all to do this kind of thing, but in this case at least I think it’s a good thing the money is actually being spent (theoretically).