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I think the article implies - but does not state it explicitly, unfortunately - that the real problem is not that there are individuals with massive wealth or a
by haspok 9y ago
I think the article implies - but does not state it explicitly, unfortunately - that the real problem is not that there are individuals with massive wealth or assets (that are almost impossible to get due to their limited availability, eg. land - google "leasehold" if you are not "astonished by the fact that rich people buy London real estate"), but rather that the source of their wealth is simply that they were born into it.
A successful startup or enterpreneur achieves wealth because they create something that people want and are willing to pay for, in most cases on a non-zero sum playing field. And also if company A does X, and company B also tries to do X, there is a healthy competition in which there is usually a winning strategy for both companies. If there isn't, it is usually called a monopoly which is at least attempted to be limited by the law.
In the case of nobility, the playing field is so much unlevel that this gives them "unjust" advantages from the start. Even worse, they did not "earn" their rights by creating something new that has value, for example. And nobody calls owning the bottom of a river a monopoly, not even when they get paid by simply allowing a bridge to be built over it (does this really not sound absurd to you?).
The next question one could ask is if there is a better solution to this injustice. At this point in time, we already know several attempts at the solution, most of which failed spectacularly.
- gwern 9y agoIf the real problem is simply inequality, it has done a bad job of arguing it. Many wealthy people in England are born into it regardless of whether their silver spoon came with an engraved coat of arms, many more wealthy people have little better claim to their London real estate (eg the Russian oligarchs), and more fundamentally, personal traits like intelligence are not earned or deserved either but are (currently) flukes of the genetic lottery + good luck in parental genes. Talking about the aristocracy, as opposed to all the much larger and more important groups, would be a severe case of missing the big picture, and runs up against all the ranting in the article & title about the aristocracy, so I am pretty sure that is not what they were aiming at in the first place.