⟳ Репост от Nigel Wallis
Today’s column is on the quiet shift from a society where one’s economic standing was mainly determined by income, to one where wealth does more of the talking. This changes incentives, status, beliefs in fairness, and imo helps explain why many feel the system is broken www.ft.com/content/6a35...
We’ve moved from income world to wealth worldPassive wealth gains increasingly matter more than earnings for one’s standing in societywww.ft.com