The historical record on these kinds of run-ups in wealth inequality ending peacefully is ...https://press.princeton.edu/titles/10921.html …
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I think the thing that is different this time is how quickly wealthy inequality reasserted itself in the decades after the compression during WWII. Capital accumulates so much more quickly in modern financial markets.
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Also different this time: the shocking level of entitlement (and lack of philanthropy) among the super rich
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That’s not different. https://www.kirkusreviews.com/book-reviews/sven-beckert/the-monied-metropolis/ …
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Eh.... “conspicuous consumption” was coined on by a guy who literally lived on Sand Hill Road a century ago.
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Replying to @kimmaicutler @rsg and
What I meant was that the West Coast has its own brand of conspicuous consumption. Like, killing your own goats for dinner...
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Replying to @rsg @kimmaicutler and
Postmodern consumption. It’s consumption as performance art. It’s like that Warhol quote:pic.twitter.com/5QoJg4ZSzW
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1979, by Lewis Lapham, who grew up in SF and clearly hated it.
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End of conversation
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