For them, and for everyone who still regards them as heroes, there is no morality in business or economics. The winnings go to the most ruthless
Elon Musk and Donald Trump on 30 May 2020 in Cape Canaveral, Florida.f this past week presents any single lesson, it’s the social costs of greed. Capitalism is premised on greed but also on guardrails – laws and norms – that prevent greed from becoming so excessive that it threatens the system as a whole.
Every other president since Nixon has released his tax returns. Trump told America he couldn’t because he was in the middle of an IRS audit. But we now learn that the IRS never got around to auditing Trump during his first two years in office, despite beingdating back to Watergate, stating that “individual tax returns for the president and the vice-president are subject to mandatory review”.
If the charge sticks, it represents one of the largest frauds in American history. Until recently, Bankman-Fried was considered a capitalist hero whose philanthropy was a model for aspiring billionaires . Musk has never been overly concerned about laws and norms . For him, it’s all about imposing his gargantuan will on others.
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