All tagged Democratic Socialism

Rich Millennials Plot the End of Civilization

“He wants to put his inheritance toward ending capitalism,” Zoë Beery wrote for the NYT, “and by that he means using his money to undo systems that accumulate money for those at the top, and that have played a large role in widening economic and racial inequality.” Wow, that is some self-loathing. If only Ludwig von Mises were able to counsel young Jacobs, whose grandfather founded Qualcomm, and is set to inherit $100 million. In his book Epistemological Problems of Economics, Mises wrote, “Through all the changes in the prevailing system of social stratification, moral philosophers continued to hold fast to the fundamental idea of Cicero’s doctrine that making money is degrading.”