Category: 
So how did I derive this wonderful category?
From Robert Frank of the Wall Street Journal, of course!
I’m a great admirer of his writings on the sad state of affairs of people of wealth: the die-hard competition to become more and more exclusive and insulated from the rest of the world while at the same time desperately looking for good help.
While there have always been people of wealth, the way the elite live their lives has changed: there are more multi-millionaires and billionaires today than ever, increasing competitiveness (as anyone can see on the auction floor). The wealthy have become diversified (not just white folks) and through memberships in such clubs as CORE and NetJets have created a separate sphere outside of borders and classes.
Yet what I find fascinating about this book is how Frank concludes: because of the mass diversification of people of wealth, they in general feel great anxiety as they feel they are not rich enough, or at least richer than their neighbor. When Richistanis are asked how much money would make them feel secure, they inevitably choose a figure that is double their own net worth.Richistanis aren’t people who spend a lot of time looking at themselves in the mirror. If they did, the contradictions behind their high-profile philanthropic ventures on the one hand and ordering alligator-skin toilet seats for their private jets on the other.
Reminds you of anyone?
Recently:
- Place related post plugin php here...
- - Post 1
- - Post 2
- - Post 3
- - Post 4
- - Post 5
- - Post 6
