alt Hacker NewsI wish that were true but it's not. If billionaires ran the country we wouldn't be starting trade wars and restricting immigration.
Replies
the net worth of the current president is several billion dollars.
that is the same person who ran a crypto pump-and-dump scheme in their first month back in office.
billionaires may have competing interests and also act irrationally.
The billionaire running the country is the one starting the trade wars and restricting immigration.
> If billionaires ran the country we wouldn't be starting trade wars and restricting immigration.
I'm not sure if you're joking, so if you are, this comment is not for you.
In the current monopolized and cartelized economic environment, the only effect of trade wars is the reduction of competition due to the suppression of foreign competition - billionaires just love that because it allows them to increase prices and profits without increasing production.
Immigration wasn't really restricted for billionaires, it was restricted only for the small fish who may not be able to afford the new and not-quite-high fees. The end result is again suppressed competition which benefits the cartels and monopolies controlled by billionaires. As I've already said, they love that.
During trading war the US stock skyrocketed.
We live in an era where the wealthiest are made by devaluing fiat and moving the purchase power from average citizens to the richest ones. Creating value, if people are still doing that, is mere a byproduct now.