Also: a leader and beneficiary of various enormous centrally-planned economic units that only made him rich by carefully and deliberately avoiding competitive market forces (this is practically the only way to get rich—hypothetical perfect markets drive profits toward zero, you make the big bucks by ensuring you experience as little competitive pressure as possible) claims without qualification that central planning can’t beat market signals.
It’d sure be interesting if he took his own idea seriously and tried to apply it to the companies he has a major stake in. If his stated hard-line position is correct, it should make his companies do much better. If he actually believes it, he’ll surely try. Right?
It’d sure be interesting if he took his own idea seriously and tried to apply it to the companies he has a major stake in. If his stated hard-line position is correct, it should make his companies do much better. If he actually believes it, he’ll surely try. Right?