What Happens When the Superrich Are This Selfish? (It Isn’t Pretty.)

[88m3]

By Guido Alfani

Opinion | What Happens When the Superrich Are This Selfish? (It Isn’t Pretty.)

In a break from the past, the Western world’s wealthiest people no longer try to support the societies they live in.

www.nytimes.com

 

[badboys11]

Paywall

 

[lib123]

It's unsustainable. Rising national debt and inflation will limit ability of government bailouts in the future.

 

[88m3]

Paywall

no

 

[badboys11]

no

Yeah u right it needs an email.

Break the article down for us who ain't signing up

 

[Redwood]

I thought this was already well known though?

 

[Geek Nasty]

This is exactly what the rich wanted post GFC. They bought up everything dirt cheap then jacked up prices. Mitt Romney literally said that was what he thought should happen.

The audacity of rent and car prices and these a$$holes think dropping the rates a little will bring back normalcy.

 

[mastermind]

Paywall

https://archive.is/2023.11.21-234009/https://www.nytimes.com/2023/11/19/opinion/rich-billionaires-philanthropy-covid.html

 

[mastermind]

I thought this was already well known though?

Of course, but the NY Times is one of the last to understand this.

 

[badboys11]

Poor people nowadays brag about the riches and net worths of the wealthy



Times have definitely changed

 

[Redwood]

Of course, but the NY Times is one of the last to understand this.

I would think the opposite once upon a time