Life During Class Wartime: How the Richest 0.1% Are Winning the Economic War
By
Tim Bray
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The article argues that society is engaged in an undeclared "class war" where the richest 0.1% are winning at the expense of the vast majority, who are losing ground economically. The author describes how the ultra-wealthy are consolidating power and morphing into a hereditary aristocracy, and explores what ordinary people can do in response to this ongoing, un-chosen conflict. The piece references wealth distribution data from sources like Oxfam and Wikipedia to illustrate the severity and accelerating pace of inequality.
Key quotes
· 4 pulledWar is bad. Don't start one. But we're already in a class war and we're losing.
Where by 'we' I mean most people; the winning side comprises, roughly, the richest 0.1% of the population, who are morphing into a hereditary aristocracy.
So, what to do in a war one didn't choose?
It's really bad, and getting worse fast.
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