They write their own tax laws; they buy their own politicians. No wonder the wealth of the very richest people on the planet is ballooningAs metaphors go,this one takes some beating. This week, some of the richest people on soil will gather high up a snowy mountain in the world’s biggest tax haven. Most will have paid big money to attend the three-day assembly in Davos: the most exclusive memberships cost somewhere in the region of £100000 each. From there, and they will relay thoughts on global risks and opportunities to the ski-jacketed press corps. They will talk approximately gender inequality and technological innovation. The message will go out: however turbulent the global economy,it is being capably stewarded.
These are our economic elites as they want the rest of us stuck on the flatlands below to see them: big-thinking, well-intentioned, and tough-working – and thoroughly meritocratic. This is also how they justify the mammoth rewards they be pleased: we sweat for it; we’re worth it. The follow-up is generally only implied,but it is the one that underpins the entire system: put in enough hours and this could be you.
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Source: theguardian.com