Bloomberg's Matthew Lynn on 'The Rich'
futureofcapitalism.com

Bloomberg News's Matthew Lynn has a truly bizarre column out assailing "the rich." He writes: "the rich have changed over the past decade. They are, it turns out, a nasty bunch of people who are only getting nastier."

More: "There is an increasing amount of evidence that the rich are a vicious tribe of people."

And he claims, "The investment bankers and hedge-fund managers who make up most of the new rich elite don't have much contact with ordinary people." This is nuts. Does he assume the rich don't have family members who aren't rich? Or that their children don't have teachers in school? Or that they don't have any interactions with employees or staff people?

Does this blanket description of "the rich" as nasty and vicious include Mr. Lynn's employer, Michael Bloomberg?

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EU Versus American Tech
futureofcapitalism.com

Bloomberg News's Matthew Lynn has a column skeptical of all the antitrust cases that the European Union has been bringing lately against American technology companies:

What exactly is the European Union's beef with America's best technology companies?

Last week, the EU opened an investigation into Google Inc. for allegedly discriminating against competing services in its search results. Last year, it hit Intel Corp. with a 1.06 billion euro ($1.33 billion) fine. Earlier this decade, Microsoft Corp. got socked with a fine by the EU of almost 500 million euros....

Read More...

Bloomberg's Matthew Lynn on 'The Rich'
futureofcapitalism.com

Bloomberg News's Matthew Lynn has a truly bizarre column out assailing "the rich." He writes: "the rich have changed over the past decade. They are, it turns out, a nasty bunch of people who are only getting nastier."

More: "There is an increasing amount of evidence that the rich are a vicious tribe of people."

And he claims, "The investment bankers and hedge-fund managers who make up most of the new rich elite don't have much contact with ordinary people." This is nuts. Does he assume the rich don't have family members who aren't rich? Or that their children don't have teachers in school? Or that they don't have any interactions with employees or staff people?

Does this blanket description of "the rich" as nasty and vicious include Mr. Lynn's employer, Michael Bloomberg?

Read More...

EU Versus American Tech
futureofcapitalism.com

Bloomberg News's Matthew Lynn has a column skeptical of all the antitrust cases that the European Union has been bringing lately against American technology companies:

What exactly is the European Union's beef with America's best technology companies?

Last week, the EU opened an investigation into Google Inc. for allegedly discriminating against competing services in its search results. Last year, it hit Intel Corp. with a 1.06 billion euro ($1.33 billion) fine. Earlier this decade, Microsoft Corp. got socked with a fine by the EU of almost 500 million euros....

Read More...