Beloved billionaire Warren Buffet is the face of the monopoly trend that’s making America miserable.
What kinds of monopolies does Buffett love? Well, if you can’t afford dialysis or if you lost a loved one to opioids, chances are Buffett made a buck. A classic Buffett moat is health/pharma, which are easy to monopolize thanks to the captive audience and/or addiction.
If your town only has one newspaper, that might be Buffet’s doing – and if not, it was the doing of one of his buffettistas, using his playbook to buy one paper and then crush its rivals with anticompetitive tactics.
If you own a mobile home and lost money the instant you bought it and get worse off every year in a trailer park, that’s probably Buffett, who understands that when someone is desperately clinging on at the brink of homelessness, you can really squeeze ‘em.