>Because at least old money understands the concept of noblesse oblige. You can just count in your city how many buildings, libraries, concert halls and simila

>Because at least old money understands the concept of noblesse oblige. You can just count in your city how many buildings, libraries, concert halls and similar have been built by the rich of old, and how many by the rich of new. Maybe the new rich give to ONGs instead, but ONGs can be seen as just another institution to exert power, influence markets, and buy people by giving them a position in ONGs where you invest heavily. On the other side infrastructure is infrastructure, yes, it makes you look good, but you have to build something real and solid that is easy to evaluate.