Why Billionaires Destroy Jobs
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Nov. 7, 2017 | OPINION | The journalism world was shocked and appalled last Thursday, when billionaire Joe Ricketts abruptly shut down a slew of media properties he owned...throwing 115 people out of work...The move comes only one week after Gothamist and DNAInfo voted to unionize, and it is widely assumed that the sites were shuttered as punishment for the vote. It's a perfect example of the capital strike — how wealthy business owners will destroy jobs and production when it suits their politics…the case that this was a move motivated by ideology and spite, not business considerations, is evidenced by three things. First, Ricketts hates unions… The Week
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