"This shift [to inheritocracy] has alarming economic and social consequences, because it imperils not just the meritocratic ideal, but capitalism itself. ... It creates a rentier class that faces a series of bad incentives." www.economist.com/leaders/2025... - ThreadSky

codendahl.bsky.social • 6 hours ago

"This shift [to inheritocracy] has alarming economic and social consequences, because it imperils not just the meritocratic ideal, but capitalism itself. ... It creates a rentier class that faces a series of bad incentives." https://www.economist.com/leaders/2025/02/27/inheriting-is-becoming-nearly-as-important-as-working

Comments

nadeali.bsky.social•6 hours ago

Much like the FT, the economist finally comes round to admitting a problem but never ever admitting it’s central role in providing the ideological basis and legitimation for the conditions of its creation. We did it Patrick. We saved the city.

truskers.bsky.social•6 hours ago

🌭 We’re all trying to find the guy who did this!!!

dutchess1970.bsky.social•6 hours ago

A return to Feudalism was always the goal.

somuchderp.bsky.social•25 minutes ago

Who the hell thinks this is new? The wealth of the richest people is mostly inherited and that has always been the case. It may have accelerated over the past generation, but nothing has changed fundamentally since either of the times Trump took office.

atlas1885.bsky.social•6 hours ago

When even a conservative magazine like the Economist calls out nepotism and oligarchy, you know we’re in trouble

bimblinghill.bsky.social•6 hours ago

The GOP likes to take the mantle of 'conservative', but they are quite the opposite. They're radicals. Conservative publications were their dupes for a long time - finally some are waking up.

atlas1885.bsky.social•6 hours ago

The Economist is British, so it’s a more nuanced form of conservatism than the GOP. But yes, some are waking up that Trumpism has nothing to do with conservatism.

bimblinghill.bsky.social•6 hours ago

Oh I assure you that we have similarly deranged wingnuts here in Blighty... running at a slightly lower % currently at least.
(while it gives me a small patriotic glow that you would think our maniacs more nuanced, I draw your attention to the last decade of us soiling ourselves on the world stage)