Excerpt- Look, after reading the details of Elizabeth Warren’s healthcare plan, I was pushed closer to an embrace of full-bore, Reaganite capitalism than I’ve been in a couple of decades, because turning the market for research and development of pharmaceuticals into a command economy is a terrifyingly bad idea.
I asked myself how could anyone read Warren’s plan and think, Sure. Let’s give this socialism thing a try.
And the answer is WeWork.
I mean, the answer is not literally WeWork. But WeWork is a symbol—a giant Bat-Signal of a symbol—of the excesses of the free market. It’s a symbol of how divorced much of finance has become from reality. It’s a symbol of how the grifter who wrecks stuff gets to walk away with a billion dollars while the people working for the company and actually adding some value get kicked to the street.
Art by Hannah Yoest