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‘We will coup whoever we want!’: the unbearable hubris of Musk and the billionaire tech bros
(www.theguardian.com)
this post was submitted on 25 Nov 2023
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politics
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Sounds to me like the individual most-megabillionaires of today aren't as rich as their individual predecessors, but there are a lot more super-wealthy people in general and the general populace is poorer on average.
It’s the latter.
Unless I missed it, your quote only mentions the comparative wealth of modern robber barons to their predecessors, and not the comparative poverty faced by the world today. So when you said, as I understood it, maybe today’s robber barons aren’t any wealthier than their predecessors but that the rest of the world is poorer (comparatively speaking) than in previous times, I said I believe that the rest of the world has gotten poorer than it has been before due to what I perceive as current robber barons working to hoarding away resources from the rest of the world’s current availability. I hope this makes sense.
Yes
It means the absolute richest are not as rich as a hundred years ago...but there are a lot more of the very rich that don't quite reach the lofty heights of those top ones, which means overall, more wealth is in the hands of people with over a hundred million dollars.