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b_b · 508 days ago · link · · parent · post: New York State Built Elon Musk a $1 Billion Factory. ‘It Was a Bad Deal.’
Krugman hypothesized that when people become billionaires that they can’t square their own sense of infallibility with the fact that they can’t really change the world around them exactly to the specs they want, so it’s a small leap from there to “It’s gotta be a cabal running things” rather than the more hopeless but logical “I guess the world is complex and stably self-sustaining”. Most of us are ok with the latter because we don’t think of ourselves as demigods.