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JustPlainBill's avatar

A most excellent piece. I agree with you that the rich and powerful are in general no smarter than the average "commoner." They have obviously been more successful at amassing wealth (usually = power), but I see three basic reasons for that.

Many simply "chose their ancestors well," inheriting their wealth. This says nothing about their intelligence or competence.

Some (many/most?) simply have fewer scruples than the rest of us. This is not related to intelligence or competence either, unless one considers that a willingness to violate society's norms is some perverted form of that. There are certain things most of us will not do even for vast sums.

Finally we must acknowledge that there are those who have truly earned their wealth by virtue of an extraordinary accomplishment, invention, or product. Even then, all we can say about them is that they are good at that one thing, or are good at turning it into wealth. But they are just as likely as the rest of us to be mediocre at other things.

You commented that when the rich Romans saw that things were going really out of control, they scrambled to save themselves while, at the same time, denying that things were as bad as they looked.

Perhaps this is not denial, but mere acceptance of the fact that even if one is rich and powerful, there are still limits to his ability to control the world around him. But to regain such control as might preserve him, he must cut himself off from almost everything, and what kind of life would that be?

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ArtDeco's avatar

Hello Ugo and commentators... somewhat related to this post, and the latest Oxfam report on how (the Big B) billionaires got richer during the pandemic while (the very small b) billions who suffer poverty every day lost ground to rising prices for basics... If I understand current economics correctly, about 100 families own about as much wealth as all the families in the poorer half of the entire world. And those few hundred individuals are getting a bit nervous about the rest of us .

IDK if Ugo's series on exterminations is on Substack.com or Blogger.com but it's time to find it and reread it ... ArtDeco

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