Wealth = Power
Power is more addictive than wealth, which is why the superwealthy pursue so much more than they need for even the wildest consumption, or can actually use in the future.
Without considering power and the role it plays culturally and institutionally, economics is poking in the dark as a social science. It's ignored the matter of real importance.
Business Insider
Linette Lopez
2 comments:
What is interesting is that the most naive and innocent schoolboy in every society throughout history has understood this basic fact. It is only American idiots who have trouble grasping the most obvious lessons of human history and human nature who think that power can be shielded from wealth, and that plutocrats should be idolized and protected because of their success.
Gotta add in paranoia & fear, & plain fraud.
Orthodox economists are ignorant of those realities as well.
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