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by chongli 2509 days ago
If you only look at wealth as a bunch of numbers on account statements, then yes, it's pretty unfair to feel responsibility thrust upon you for having a bigger number.

But that's an abstraction and a distraction from the truth of the matter: wealth is capital. It's access to means and it's ownership of resources and property and everything else. It's one thing to be bullied because you drive an expensive car (as a teenager) and take luxury vacations to private islands. It's another thing entirely to be heir to a huge corporation, let alone a petro-state like Saudi Arabia.

With the twin spectres of climate change and trade war (escalating into armed conflict), there is a hell of a lot of responsibility placed upon the elite. Frankly, I'm not shocked at all that people are overwhelmed enough to abdicate. The question is who will step and take charge? The current crop of candidates do not inspire confidence.