I think relative values mean more than absolute for them. They just need to keep their position as the richest people in the world even in absolute sense they will lose. Money itself expresses relative values. So billionaires will continue be billionaires.
We hoi polloi think in money numbers and what we can afford to purchase. For the Capital Class, it’s all about power. Money is just how they keep score.
I don’t think the billionaires’ investments are going to be worth billions if the global economy collapses.
I think relative values mean more than absolute for them. They just need to keep their position as the richest people in the world even in absolute sense they will lose. Money itself expresses relative values. So billionaires will continue be billionaires.
We hoi polloi think in money numbers and what we can afford to purchase. For the Capital Class, it’s all about power. Money is just how they keep score.