Elon Musk’s Twitter saga is capitalism gone rogue

Editor’s note (April 21st 2022): After this article was published, Elon Musk said he has received funding to finance a takeover of Twitter, and that he is exploring whether to launch a tender offer to all Twitter shareholders.

IDA TARBELL, author of an exposé of the Standard Oil Company in 1904, described its founder, John D. Rockefeller, as “the most successful man in the world”. By that she meant “the man who has got the most of…