this post was submitted on 31 May 2024
1146 points (97.7% liked)

Technology

59641 readers
2694 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Aux@lemmy.world 9 points 5 months ago (1 children)

The funny thing is that people always forget about old money - people who don't know what work is or what actual money is. And who see billionaires as just mere peasants.

[–] Ragnarok314159@sopuli.xyz 11 points 5 months ago (1 children)

There is a lot of old money where I grew up, and it was funny hearing about Blackrock trying to buy their properties. They would offer these people ten times the value, but old money was just “but, that’s just a little bit more money in the money bin. I have a massive house and estate to look at the peasants. Why would I bother?”

[–] Aux@lemmy.world 5 points 5 months ago (1 children)

And now imagine old money in Europe. For example, the British aristocracy owns at least 30% of land in England (that's the official number, but Land Registry doesn't have information about who owns 15% of land at all and it is most likely owned by aristocracy as well). And England has a leasehold system. So if Blackrock would come to a king or some lord to buy some of their land, the land would be sold to them easily as a long term lease, for like 100+ years. And then Blackrock would also pay yearly rent on top of that. Because you ain't buying shit here, dirty peasant.

Another thing to keep in mind is that old money here have their wealth for over a thousand years. They're not simply entrenched, they're a part of the fabric of the country itself. They have all kinds of exceptions in the laws and regulations and exist above everyone else not only in social status, but also in economic and political status as well.

People can hate the rich as much as they want, but there's a layer in the society which doesn't care about the existence of the rich and the poor. And they are all related to each other through centuries of strategic marriages, so basically one incredibly large family spread across the whole of Europe.

[–] xenoclast@lemmy.world 2 points 5 months ago

Just more for the guillotines. Still massively outnumber them.