The Wall Street Journal Treats Monopoly Extraction as Human Nature
A newsletter that can call the investor who sold at the bottom a “fool” and then, in the next paragraph, tell you that the same instinct that helped your ancestors survive a lion attack is why you should buy SpaceX at the IPO—that newsletter is not doing analysis. It is doing liturgy. And the liturgy’s function, whether the editor knows it or not, is to naturalize the…
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