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M. St. Mitchels's avatar

One way our old Uncle Warren, as resolute as Trump's desk, made a good bundle was by buying up trailer parks, putting in a few asphalt driveways and fake flower pots, then raising the lot fees on the poor. And so... there you get the picture.

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Joe Cook's avatar

Respectful. Thoughtful. Honest, short critique of the side-effects of shareholder capitalism.

Hamilton, your title hurt. I have studied Buffett and followed many of his investment principles throughout my life. I have owned the stock at times (for years) and attended the annual meeting a couple times. He played the game well.

But I hear you asking, “is this the right game for widespread human flourishing?”

I had a series of life events that awakened me to new perspectives about the world, more specifically the political economy. I used to separate business and politics with a clean break in my mind. I can no longer see where one begins and the other ends, nor see daylight between the two. The way we order society is a choice, most often a choice by those with immense power in the prevailing system.

The reigning ideology of our lifetimes has been managerial capitalism driven by corporate consensus. The ideology cannot seem to address the greatest issues of our current moment in time. We have a meta-crisis upon us that will require a new ideology to shake the system and reorder the political economy.

This is now my chief concern. It has drawn me into political reform as never before in my life. It is the basis for my first substack—The Common Sense Papers. My next article will speak to the ideological turning point that we now face.

Thank you for jarring me with your title. The Buffett era must close. Something new must rise. It’s time to reboot the system for the common good!

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