Key Words: Why Warren Buffett is a ‘prime example’ of the failure of American capitalism

‘Warren Buffett should not be celebrated as an avatar of American capitalism; he should be decried as a prime example of its failure, a false prophet leading the nation toward more monopoly and inequality.’

That hot take comes from David Dayen, ripped from a deep dive published on Thursday in the Nation headlined “The dirty secret behind Warren Buffett’s billions.” Not quite the fawning media coverage of the Berkshire Hathaway BRK.A, +0.90% boss you’ve probably come to expect.

After all, he’s the Oracle. The folksy host of the “Woodstock for capitalists.” Bill Gates’s bridge-playing buddy. And, as Dayen points out, Obama and Clinton hailed his endorsements, while Bernie Sanders backed his take on taxes.

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