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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Greed Is Good — To A Point

March 9, 2021March 8, 2021

But first . . . so important, I’m linking to it again:


Democrats’ Only Chance to Stop the GOP Assault on Voting Rights
If the party doesn’t pass new protections, it could lose the House, Senate, and White House within the next four years.

. . . More and more Democrats are coming to recognize that “this isn’t just about trying to do something now that we can do later. This is about doing something now that we may not get the chance to do again for another 50 years.” Democrats face an unforgiving equation: a fleeting window in which to act, and potentially lasting consequences if they don’t. “If you look at all the stakes that are involved,” Sarbanes continued, “the notion that you would miss this opportunity becomes incomprehensible.”


→ We need to exempt HR1 from the filibuster so people’s right to vote can be protected.



And now . . .

Billionaire Ray Dalio says we need to reform capitalism to make it work for everyone. (An interview.)

We must reform capitalism, not abandon it.  (An op-ed.)


. . . Can’t we all — capitalists, socialists, Republicans and Democrats — agree on that? Can’t we all agree that whatever system we have, it must do a great job of both increasing the size of the pie and dividing it well?

If we can agree that these things are essential because the alternatives are terrible, then people of different ideologies will be more civil with each other and more willing to work through their disagreements thoughtfully so that we can achieve agreement for the good of the whole. We must figure out how to do that in a collaborative and skilled way. If we can’t do that, we will have a civil war of some form that will tragically tear us apart and shrink the pie for everyone.


Billionaire Nick Hanauer agrees– The dirty secret of capitalism — and a new way forward.

In short: greed is good — to a point.

 

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