The rich don't just get richer, they stay richer...
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I was reading an interesting article on the wealthiest 129 families in the world, in
that list are the DiMedicis and other old, old families. You've heard of many of them. Rothschild. Astor. Anyhow, that
article also concluded that if you're in this group, you stay.
What
I'd like to note is that the ONLY nation in the history of the world
that has created new wealth and new elite families in that list has been
America, due to our (now practically completely dead because: replaced by
cronyism) philosophy of Capitalism. Yeah, your read that right - philosophy first, economics later. Bad things can and have been attributed (and
misattributed!) to capitalism but it is the only system that allows new
families into this elite class. This is good - it is what we want! You want in, right? Or your kids? Or your neighbors? Just so that its not a closed group - it should be open to those who aspire and work and succeed. But its not.
Many
think it is a problem that once you're in this group, you're in. I
agree, I think its this "stickiness" that led to the destruction
of the positive parts of American capitalism and ushered in a progressing, nearly invisible adoption of deadly, dreaded, unfair and corrupt practices of cronyism. The
ultra-wealthy can and do buy politicians to wield political power in their own interest - not yours! - and created a web of loopholes over
time that destroyed the system for everyone.
Most recently, as the wealthy elite + newer, modern billionaires and their companies discovered the value of their controlling the personal data of us peons,
they have been stealthily acquiring it without any regard to morality, lawfulness or invasion of privacy. I do not believe that this
would have been allowed if we had been able to hold onto our Constitutionally-based, uncorrupted American government. Even
socialist Europe has restricted this collection of private data - and you'll notice America isn't
even trying to adopt the European privacy safeguards. Because FB and
Amazon and Google founders and their families are getting very, very
wealthy and they want to keep their wealth. And power.
Cronyisim = danger for you and me, power and money for the monied and wealthy 0.001%.
Cronyisim = danger for you and me, power and money for the monied and wealthy 0.001%.
