This blog post by Cory Doctorow critiques the influence of billionaires on capitalism and market dynamics, arguing that capitalist markets often fail to constrain excessive power. It discusses how billionaires manipulate systems for their advantage while promoting narratives of meritocracy and consumer welfare, ultimately undermining true market principles. Doctorow draws on historical economic theories and current events to illustrate how today's market forces often favor monopolistic behavior and regulatory capture rather than genuine competition that benefits all.