Friday, April 14, 2023

Dimon's Little Pink Houses - by Peter Venetoklis

Dimon's Little Pink Houses - by Peter Venetoklis
"Jamie Dimon, billionaire CEO of JPMorgan Chase...qualifies by any reasonable measure as one of the Best-and-Brightest.
Regular readers know I use that phrase derisively, because those Best-and-Brightest are not only spectacularly wrong too often, they also tend to be broadly disinterested in the individual rights and liberties of the peons masses that sit beneath them on the socioeconomic ladder. 
The Best-and-Brightest narrative stands athwart the libertarian ethic of leaving people alone, because those Best-and-Brightest suffer a noblesse-oblige "calling" to manage the world on behalf of those peons masses, whether we want them to or not.
Thus, my annoyance at one of Dimon's recent comments:
[P]ermitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives...

 

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