Did you make it to the Allen & Co conference in Sun Valley, Idaho this past week? More fundamentally, the conference is, like Davos, a mechanism for the concentration of wealth, dressed up as something friendlier. Everything that happens at Sun Valley will contribute to the ability of attendees like Jeff Bezos, Bill Gates, and Mike Bloomberg to increase their society-warping fortunes. We are developing a private class of billionaire kings whose will is omnipotent and untouchable by any democratic force. This is the state of affairs that the Sun Valley conference serves to intensify.

Source: The Guardian July 12, 2021 10:17 UTC