The author of a book on the ultrawealthy says billionaires 'have taken their winnings and used them to stack the deck against everybody else' — but the solution isn't complicated
"None of that is an accident — it was engineered," Peter Goodman, the global economics correspondent for The New York Times and the author of"Goodman's new book is the latest entry into the canon of how the world's wealth became so concentrated and the measures they've taken to maintain that. It examines the"Davos Man," a moniker created by political scientist Samuel P.
"The result of that is just that there's fewer opportunities for everybody else to get a piece of the action," Goodman said."Capitalism is still a great bountiful system. It's the best thing we got in terms of how to organize an economy, but it needs regulation, progressive taxation, antitrust enforcement, and the billionaires have very effectively defenestrated all of that.
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