The Wealth of Sh-theads

Amidst all of the discussion about Thomas Piketty’s Capital in the Twenty-First Century, which describes how inequality will continue to rise, this is an issue I haven’t seen raised, but, snark aside, seems rather important:

This might not be a problem, were it not that capital is increasingly owned by shitheads. No doubt Piketty’s capital/income ratio was on the high side in Tsarist Russia and medieval Florence, and they invented Tolstoy and the renaissance.

But look at these shitheads (Rich kinds of Instagram). What will they invent?

Are such people going to emulate Lorenzo the Magnificent and sponsor artists and scholars? Or is it more likely that they will order up fine wines and pour them over their bell-ends, howling with mirth while the planet goes to hell? Piketty fails to address this question.

It simply isn’t sustainable that so many of the world’s resources are controlled by people with the cultural level of baboons.

Kidding aside, to me anyway, much of the discussion has neglected who has acquired all this wealth. Is the enrichment of the Walton Clan in the national interest, economic and otherwise?

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3 Responses to The Wealth of Sh-theads

  1. Chris. says:

    Since the “national interest” largely gets defined by rich people, naturally making them richer is in the national interest.

  2. Ketil Tveiten says:

    It looks like you are quoting someone, but there’s no link. Who’s saying this stuff in italics?

  3. Iain Roberts says:

    If Tolstoy himself is to be believed, most of the Russian nobility of his day didn’t really care about being patrons of the arts. They were too busy enjoying their vast wealth, scheming for a better place in the court hierarchy, or dealing with personal angst.

    In 500 years’ time, assuming we still have money and human civilization, people may be moaning about how modern tycoons are so vulgar, and asking why they can’t be benefactors of humanity like Bill Gates and Elon Musk.

    (The point being, given vast wealth some people will make constructive and enlightened use of it, while others will not. I suspect our era is no better or worse than most in this respect, it’s just that we remember the great patrons of the arts and forget the selfish twerps.)

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