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Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by SpicyLemonZest on Sunday November 03, 2019 @12:30PM (#21435242)
I'm unware of stories where Richard Branson, or any other present-day British or American billionaire, got their wealth by capturing a business as it was spun off from government control. Private corrections companies are the closest example I can think of, and I don't think anyone would accuse the media of being friendly towards them.
Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by toyg on Sunday November 03, 2019 @08:43PM (#21438267)
Branson preyes on privatizations in the UK. He captured the most profitable train line in the country and extracted large profits from it. He's currently busy doing the same with the National Health Service.
Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by zipwitch on Sunday November 03, 2019 @01:26PM (#21435609)
Scientific American recently had an article on how wealth concentration is inevitable, without active mechanisms to continually counter it:

https://www.scientificamerican.com/article/is-inequality-ine...

Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by acqq on Sunday November 03, 2019 @02:33PM (#21436034)
And there was already in ancient Greece, some 2600 years ago:

https://en.wikipedia.org/wiki/Seisachtheia

"a set of laws instituted by the Athenian lawmaker Solon (c. 638 BC–558 BC) in order to rectify the widespread serfdom and slavery that had run rampant in Athens by the 6th century BC, by debt relief."

"The seisachtheia laws immediately cancelled all outstanding debts, retroactively emancipated all previously enslaved debtors, reinstated all confiscated serf property to the hektemoroi, and forbade the use of personal freedom as collateral in all future debts. The laws instituted a ceiling to maximum property size - regardless of the legality of its acquisition (i.e. by marriage), meant to prevent excessive accumulation of land by powerful families."

Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by rscho on Sunday November 03, 2019 @12:58PM (#21435420)
State company privatizations are a form of theft. Not with guns, but same results.

The value is such that no one could normally buy the infrastructure, yet such infrastructure is often sold for pennies.

Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by nradov on Sunday November 03, 2019 @01:12PM (#21435510)
Sometimes that infrastructure is only worth pennies due to associated debts, and restrictions that governments impose on laying off unproductive workers.
Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by anonuser123456 on Sunday November 03, 2019 @02:32PM (#21436022)
If it's sold on a market, then it's value is it's sale price. Competing investors want to make money too.
Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by anigbrowl on Sunday November 03, 2019 @07:31PM (#21437869)
Well, according to market proponents anyway. I think we should stop treating them as economic oracles and consider other forms of valuation as well, like the marginal cost to the population if the service and the jobs it provides didn't exist.

Obviously people who are potential bidders in a market are heavily incentivized to downplay the value of what they're bidding on, so it's not clear to me why their metric of valuation should be privileged above all others. It's just like the idea that efficiency should be conceived of in terms of minimizing production cost, without regard to the effects of that approach on customer/employee retention or organizational resilience - partly because those second-order effects are a little harder to measure, partly because owners have an economic incentive to promote that particular definition above all others.

Re:The Money Farmers: How Oligarchs and Populists Milk the E.U. by the-dude on Sunday November 03, 2019 @05:49PM (#21437290)
Elon Musk comes to mind.