Failkids and failgrandkids seem to be root cause of half the big, systemic problems in the world. Seems to take till the 4th generation to get to “ordinary”
Conversation
Ironic that 2/3 of new-wealth America now has debilitating woke derangement syndrome and can’t think straight… and it’s almost entirely due to kids/grandkids of older wealth dominating slacktivist sinecures
Their own kids/grandkids will definitely do similar things in 10-20y
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Failchild Communism: Negative political externalities in kin-selected trustafarian economies by I. Ronic
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Or rather, easy money/curse of resources drives expressions of fuck-up potential that would otherwise go unexpressed.
I’d probably have done a lot of damage if I’d had a big trust fund or an easy-money slacktivist sinecure like ESG job in a parental hedge fund.
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Non-oligarchic kids have to pass basic standards of competence and years of performance filters to get a portion that kind of systemic power. Filters out a lot of bozos.
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