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To the sibling commenters, even if 100% of billionaires did not come from family wealth, that doesn't mean they should exist. A tiny rotating ruling class is n
by ihm 6y ago
To the sibling commenters, even if 100% of billionaires did not come from family wealth, that doesn't mean they should exist.
A tiny rotating ruling class is no different from a hereditary one from the point of view of everyone else in society.
- zozbot234 6y agoA "rotating" ruling class is a lot more contestable than a hereditary one. That makes it at least potentially more meritocratic. (It could also theoretically be less meritocratic, depending on how power is contended in any given case. But typically, the "hereditary" case involves battle-axes, dark intrigues and treacheries, which is the polar opposite of actual merit.)
- nwienert 6y agoIt’s not very democratic. Someone was in the right place at the right time as much as they earned it, do they then deserve to have basically 100s of orders of magnitude more influence for their life? Just doesn’t add up.