Comment by luckylion

5 years ago

> Crony capitalism creates positive feedback loops where the friends of rich people benefit more than strangers to rich people.

That's about class, not race, ethnicity or whatever other grouping you prefer. White billionaires hang out with black billionaires, not with white hobos.

4 comments

luckylion

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shadowgovt  5 years ago

> White billionaires hang out with black billionaires, not with white hobos.

I'm pretty sure that, to a 90%-10% ratio, they hang out with white millionaires, not either of the groups you described.

  • throwaway894345  5 years ago

    You're reinforcing the parent's point that there's not race discrimination but class discrimination. Our hypothetical white billionaire is presumably discriminating utterly on a class basis (hanging out with zero poor people of any race) and not discriminating at all on a racial basis (hanging out with members of his class in proportion to their race / without racial bias).