"Nobel Laureate economist Angus Deaton has delivered a ferocious rebuke to his own profession, saying economists have failed to understand that #capitalism is about #power."
"when efficiency comes with upward redistribution — frequently though not inevitably — our recommendations become little more than a license for plunder”
https://www.crikey.com.au/2024/03/12/nobel-laureate-economist-angus-deaton-capitalism-power/
"“We have largely stopped thinking about #ethics and about what constitutes human well-being."
![Screenshot of 2 tweet tweet thread beginning with a tweet by THR The Hollywood Reporter @THR: Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M- $500M Hit to 2023 Earnings [redacted Twitter account avatar and name replies:] Choosing to lose over $500m when the workers were just asking for $47m tells you everything you need to know. This is about power not $$$](https://pub-1146fd6c5b9443ce8a2adde617e7847d.r2.dev/images/status/c1cf62ec-8cea-4f3d-b9ed-a60f48fd05d3.png "Screenshot of 2 tweet tweet thread beginning with a tweet by THR The Hollywood Reporter @THR: Warner Bros. Discovery Says Ongoing Strikes Will Mean $300M- $500M Hit to 2023 Earnings [redacted Twitter account avatar and name replies:] Choosing to lose over $500m when the workers were just asking for $47m tells you everything you need to know. This is about power not $$$")
