Comment by bko
18 hours ago
Your image is wealthy people is cartoonish. Sure if you go to a high end place they'll try to meet every one of your demands. But chances are is you're very wealthy you're running a business or group of people, and you'll hit obstacles constantly. I've watched this happen multiple times. Internally there are sycophants but when you deal with the real world and try to get deals done, people don't owe you anything.
>> Your image is wealthy people is cartoonish.
In the meanwhile, we can all publicly see how the the billionaires and trillionaires, behave and settle their priorities exactly, in the cartoonish way you are dismissing.
- The incredible insecurity and constant need for personal validation.
- The absurd and obsessive pursue of further wealth when it would be temporally impossible to even spend 1% of their current capital.
- The extreme level of cowardice, where an auto plant worker, can call out the powers to be, the pedophile protectors that they are. At the same time, only Jensen Huang did not submit itself, to the humiliation of standing behind face and front at the presidential inauguration...
> "The absurd and obsessive pursue of further wealth when it would be temporally impossible to even spend 1% of their current capital."
That shows profound lack of imagination. Mark Shuttleworth's founding of Canonical was a choice to expend his wealth to try to popularize Linux. So was Gabe Newell's long running efforts with the Steam Machine (dating back to the original one in 2015) and Proton that only started bearing fruit in recent years. These were business decisions you say? At the level of wealth we're talking about, the two are intertwined.
I love what he'd done for linux gaming, but man the cult of personality for gabe is strong on the internet.
gabe is not a philanthropy who want to see linux gaming happen no matter what. he's a reasonable man who saw a threat to his business when every operating system started making their own store and windows was directly trying to eat his lunch starting from window 7 and going at it the strongest in window 8 when they had their dedicated to game store directly pinned in the windows bar menu.
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Given the state of ... well, everything ... it still surprises me when people pretend there's some level of modesty or decorum the rich and powerful still need to abide by at the risk of some sort of popular revolt. I guess it's a way to compensate for the material powerlessness most people actually experience (especially in politics), much like the handwringing over the Second Amendment in the US as if merely handing a town full of ordinary people guns is sufficient to defeat a modern military. Sure, it looks like nowadays you can do that with a stockpile of low budget drones because even the military industrial complex has found a way to optimize for profit by literally delivering nothing in return for extracting the lion's share of the federal budget, but even that still requires actual work like planning, training and organizing with sufficient political motivation, not just going to the range or "hunting".
The expectation of a need for decorum against all evidence almost seems like a quaint remnant of the aristocracy at this point. There's no advantage to being a nice or sensible person if you're a billionaire. People talk about "business" like it's still the 1800s and billionaires are the factory owners. The real economy (i.e. anything involving any pretense of being an exchange of goods and services in any shape or form) is now a minute fraction of the global economy. Everything else is finance. And if the nature of the finance "industry" wasn't obvious enough the US has given up all pretense to the point that members of the US government now intentionally manipulate online betting "markets" directly.
You may have needed some table manners to be able to run a tincan factory. You can let your entire ass hang out on TV 24/7 and still be a billionaire today. And people will still cheer you on like you're the inventor of sliced bread.
A slight tangent, but on your first point - defeating a modern military does not mean engaging them in head-to-head combat and coming out on top, but making it impossible for them to comfortably operate. This is how Afghanistan, with basic weapons and religious extremists running around in sandals, managed to defeat not only the US but also the USSR.
The big factor that works against military victory anywhere is that the military is left to visibly identify themselves as a means of projecting influence, whereas militants can seamlessly blend in with the population. And trying to punish the population at large to weed out the militants mostly just tends to backfire and create even more militants.
There is even modern precedent for this like the Algerian War where the people of Algeria managed to kick out the French even with the French engaging in widescale massacres, torture, and all other sorts of fun stuff that explains how anti-Western powers are so comfortably gaining influence in Africa today.
If one doesn't believe there was a conspiracy, then the assassination attempt on Trump would exemplify this - one guy with a rifle nearly single-handedly killed one of the most guarded men alive. Your average military logistics support doesn't have anything remotely like a team of secret service and police covering every single angle of attack in one well secured location.
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I guess you don't observe those billionaires yourself. Is it possible the cartoonish image you assume to be obvious comes through media channels and your societal bubble layers?
Can we all agree the owner of X is a cartoonish goof?
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HN must be the only place on the web where billionaires are propped up. 98% of you, are already in the SQL result set, of the next layoffs at your big five...
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Elon Musk runs his own media channel, which he uses to depict himself like this. Many others are run by other billionaires. State-owned media like the BBC and France24 tends to paint them in a better light, perhaps out of a desire to treat their subjects charitably and without bias.
This “billionaires couldn’t spend their money” thing comes up a lot, and it show’s a child’s idea of what people might spend money on. “$1000 a month buys more ice cream than I can eat and more toy cars than anyone can play with, and I don’t want anything other than ice cream and toy cars, so nobody needs more than $1000 a month.”
I can think of loads of things I’d do with hundreds of millions of dollars of disposable income. Make large buildings that look like how I think buildings should look, fund scientific research in areas I’m personally interested in but have little aptitude for, find artists that align with my tastes and give them the ability to realise their visions, contribute to political organisations and charities that align with my values, et cetera. Those all are basically infinite money sinks.
In the past, the ultra-wealthy did do all of these things, funding loss-making research and expeditions, monumental architecture, philanthropic organisation and artistic works. The problem might be that you think billionaires shouldn’t do some or all of these things, but that is a very different position than that they can’t do any of these things.
This comment seems needlessly insulting and also kind of obtuse?
I don’t think the GP meant that it’s impossible to dispose of a large amount of money. But it is effectively impossible to spend down a certain level of accumulated wealth by purchasing goods and services that any human being or their family could require to maintain even lavish standards of living.
The examples you gave are conversions of wealth to power, using money to reshape the world. Which, I think, is kind of the crux of the issue. Perhaps you were alluding to this at the end of your comment.
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People misuse the term "wealthy" to refer to whatever is in their head at the time. I think GP's point stands if you consider "wealthy" to mean "billionaires". Sure, people like Bezos or Musk get to hear "no" quite frequently but they don't take kindly to it and they can usually offload "getting around it" to other people.
The point is less that these people are surrounded by "yes-men" but more that wealth (especially when measured in billions) is power and with sufficient power it becomes easy to forego any question of consent, let alone of whether consent is coerced or not. Remember that power is ultimately about the ability to enact violence and violence can take many forms, most of which are perfectly legal (because the legal system itself exists to regulate how, by who and against whom violence can be used).
You tend to hear "no" a lot less when you always point a gun at the head of the persons you're asking. Note that "wealth" isn't the only way to get there but a certain level of it is usually necessary to get to the point where other options become available - and some of the ways are a lot riskier in the long term (cf. Epstein).
Side note: this is also why I hate the pseudo-intellectual counter argument against "billionaires" of "that doesn't mean they have billions of dollars sitting in a bank account" - it's like arguing that De Beers didn't benefit much from holding a quasi-monopoly on natural diamonds because the diamonds would be devalued if they flooded the market with the ones they had intentionally kept off the market to drive up value: beyond a certain amount money ceases to be about liquidity and starts being about leverage. Unless you happen to be dealing with lower level bureaucracy in Russia, the most efficient way to use wealth to your advantage isn't to just hand people stacks of dollar bills.