{"id":7046,"date":"2015-04-03T07:01:27","date_gmt":"2015-04-03T12:01:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7046"},"modified":"2015-04-03T07:01:27","modified_gmt":"2015-04-03T12:01:27","slug":"warren-buffett-is-everything-thats-wrong-with-america","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7046","title":{"rendered":"Warren Buffett is Everything That\u2019s Wrong With America"},"content":{"rendered":"

Warren Buffett is Everything That\u2019s Wrong With America<\/a><\/h3>\n

I think I\u2019ve never understood the American \u2013 and international \u2013 fascination with money, with gathering wealth as the no. 1 priority in one\u2019s life. What looks even stranger to me is the idolization of people who have a lot of money. Like these people are per definition smarter or better than others. It seems obvious that most of them are probably just more ruthless, that they have less scruples, and that their conscience is less likely to get in the way of their money and power goals.<\/p>\n

America may idolize no-one more than Warren Buffett, the man who has propelled his fund, Berkshire Hathaway, into riches once deemed unimaginable. For most people, Buffett symbolizes what is great about American society and its economic system. For me, he\u2019s the symbol of everything that\u2019s going wrong.<\/p>\n

Last week, Buffett announced a plan to merge a number of \u2018food\u2019 companies in a deal he set up with Brazilian 3G Capital. For some reason, they all have German names (I\u2019m not sure why that is or what it means, if anything): Heinz, Kraft, Oscar Mayer. Reuters last week summed up a few of the \u2018foods\u2019 involved:<\/p>\n

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His move on Wednesday to inject Velveeta cheese, Jell-O, Lunchables, Oscar Mayer wieners, and Kool-Aid into his portfolio, stuffs an already amply supplied larder. The additions came from the acquisition of Kraft Foods Group Inc by H.J. Heinz Co, which is controlled by 3G Capital and Buffett\u2019s Berkshire Hathaway. His larder already included everything from Burger King\u2019s Triple Whopper burgers, Coca-Cola soft drinks and Tim Horton donuts to See\u2019s Candies and Dairy Queen icecream Blizzards, as well as such Heinz brands as Tomato Ketchup, Ore-Ida fries, bagel bites and T.G.I. Friday\u2019s mozzarella sticks.<\/i><\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Warren Buffett is Everything That\u2019s Wrong With America I think I\u2019ve never understood the American \u2013 and international \u2013 fascination with money, with gathering wealth as the no. 1 priority in one\u2019s life. What looks even stranger to me is the idolization of people who have a lot of money. Like these people are per […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[4585,4588,4589,319,4399,4400,536,4586,654,4587,4590,2567,868],"class_list":["post-7046","post","type-post","status-publish","format-standard","hentry","category-economics","tag-berkshire-hathaway","tag-burger-king","tag-dairy-queen","tag-food","tag-heinz","tag-kraft","tag-money","tag-oscar-mayer","tag-processed-food","tag-tim-hortons","tag-type-2-diabetes","tag-warren-buffet","tag-wealth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7046"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7046\/revisions"}],"predecessor-version":[{"id":7047,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7046\/revisions\/7047"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}