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and it's only going to increase as things get worse.  Only the wealthy will do well.  Get used to it.

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Mon Dec 8th, 2008 at 04:36:13 PM EST
[ Parent ]
Perhaps the very very wealthy will do well. If owning a 10 million dollar yacht is an indication of being wealthy, I know that there are some in that category who are not doing well at all.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Tue Dec 9th, 2008 at 06:48:13 AM EST
[ Parent ]
"The wealthy" is a shibboleth. It's THEM what isn't US.

Generally written by members of the wealthiest part of the world's population to pretend that they're hard done by.

by Colman (colman at eurotrib.com) on Tue Dec 9th, 2008 at 06:52:52 AM EST
[ Parent ]
First, thank you for using the term "shibboleth".  Forced me to look it up at dictionary.com; never heard the term before.

Second, my major point is that, as we continue down the current road, all countries will attempt to protect their own populations in terms of food, jobs, etc. or they will see severe "social unrest" (like Greece is currently experiencing "social unrest") which could force them out of their jobs (oh no, NOT THAT!).

Third, as much as the vast hoard of people are about to see Depression Era conditions, as you would expect, the ultra-wealthy will do just fine as the vast majority fishes through garbage cans for dinner.  No need to go into a strict definition of who's wealthy, who's not.

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Tue Dec 9th, 2008 at 07:38:39 AM EST
[ Parent ]
Owning a $10M yacht could be an indication of being a wannabe, especially if they are not doing too well right now.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Dec 9th, 2008 at 06:55:36 AM EST
[ Parent ]
It takes a few generations to go from "Nouveau riche" to actually wealthy...

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Tue Dec 9th, 2008 at 06:58:24 AM EST
[ Parent ]

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