The recent election of Donald Trump was fueled by... an economic system that skews its benefits to a select few and leaves too many... scrambling to … - John Komlos

Status seeking is important. Relative incomes matter... Mainstream... economists said inequality was not a problem, and that's how we got an oligarchy [and populism].

With [incomplete or] assymetric information [and that's practically always the case]... Stiglitz and Greenwald proved... markets are inefficient, and that should be the default model.

Friedrich Hayek made a tremendous mistake in arguing that The Road to Serfdom leads through tyrannical governments... because there are multiple roads to serfdom... [A]nother... leads through the tyranny of oligarchs.