Rich v. Poor

 from here:

In 1908, the English writer G. K. Chesterton observed that “the poor man really has a stake in the country. The rich man hasn’t; he can go away to New Guinea in a yacht. The poor have sometimes objected to being governed badly; the rich have always objected to being governed at all.”

Chesterton’s observation was astute for the modern era, but for much of Western history, it was only half true. In his 2023 book, As Gods Among Men, the economic historian Guido Alfani chronicles the role of the ultra-wealthy from antiquity to the era of cryptocurrency. The superrich have always wielded inordinate economic and social power and, as such, have plenty of historical ills to answer for. But the affluent of many past periods also invested in the shared betterment of society, understanding that doing so helped justify the existence of wealth inequality. Today’s ultrarich, by Alfani’s telling, are uniquely selfish, and by abdicating the philanthropic role, they are “fuelling resentment and leaving their place in society uncertain.”….