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NYT Mag's Adam Davidson Praises Economic Exploitation

In his latest 1% apologia, Davidson hails the capitalist lottery system for workers. Yves Smith explains the idiocy of this idea.

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I must report that Davidson did e-mail me after one of my salvos at him, but I chose not read his message. If he would like to take issue with one of my posts, he is free to do so in my comments section. I do correct posts pronto if I have made a mistake or misconstrued an argument or data. Felix Salmon argues, and I concur, that one of the values of the blogosphere is that participants can engage in conversations in public, and it forces everyone to sharpen their discourse.

Yves Smith is the founder of Naked Capitalism and the author of 'ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.'

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