The once was something called noblesse oblige. Feudal lords and then nobels thought they had an obligation to be charitable towards people of lower standing. The general idea was these people work the land and support their success, so they should keep them healthy and satisfied. Also this prevented revolts.
The gentry in 1790s France choose to ignore this tradition. “Let them eat cake( the fancy bread)” was an expression that came out of this shift and we all know what happened after that. After that that the principal was brought back. Old money in the new and old world followed it because they understand how to be successful over multiple generations.
Guess where we are again. The new money billionaires have no concept of noblesse oblige and they will soon find out that to have multiple generational wealth, means surviving with your head on your body. Just a little fun fact, when people talk about techno-fuedalism
The once was something called noblesse oblige. Feudal lords and then nobels thought they had an obligation to be charitable towards people of lower standing. The general idea was these people work the land and support their success, so they should keep them healthy and satisfied. Also this prevented revolts.
The gentry in 1790s France choose to ignore this tradition. “Let them eat cake( the fancy bread)” was an expression that came out of this shift and we all know what happened after that. After that that the principal was brought back. Old money in the new and old world followed it because they understand how to be successful over multiple generations.
Guess where we are again. The new money billionaires have no concept of noblesse oblige and they will soon find out that to have multiple generational wealth, means surviving with your head on your body. Just a little fun fact, when people talk about techno-fuedalism