TIL insiders call the British monarchy the Firmhttps://www.nytimes.com/2019/12/01/world/europe/prince-charles-andrew-queen.html?action=click&module=Top%20Stories&pgtype=Homepage …
-
-
Lol decolonization never happened in Britain apparently
“According to a 2010 report for Country Life, a third of Britain’s land still belongs to the aristocracy... lists of major aristocratic landowners in 1872 and in 2001 remain remarkably similar.”https://www.theguardian.com/news/2017/sep/07/how-the-aristocracy-preserved-their-power …Show this thread -
Damn. “Some of the oldest families have survived in the rudest financial health. In one analysis, the aristocratic descendants of the Plantagenet kings were worth £4bn in 2001, owning 700,000 acres, and 42 of them were members of the Lords up to 1999”
Show this thread -
This has to count as the greatest heist in history. Plantegenet’s r2 instead of Ocean’s 11.
Show this thread
End of conversation
New conversation -
-
-
My sense is that wealth and status persistence is surprisingly high. See this paper on German nobility and board seats for instance, paper on persistence of American Southern nobility, or Greg Clark's book https://www.amazon.com/dp/B00HNF5Z96/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1 … https://twitter.com/leah_boustan/status/1112689110819442690 …https://twitter.com/davidshor/status/1200856214453850112 …
-
I have heard the argument from people who work with this wealth data that it seems like family wealth is more persistent in Europe than the US Many American wealthy invested in industry, where wealth could go quickly. European nobles had large land holdings, incl in cities
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.