“My academic colleagues and I often lament that even after the Occupy movement, Thomas Piketty’s bestselling book Capital in the Twenty-first Century, and Oxfam’s campaigning work focusing on the huge divides between rich and poor, inequality has only got worse. But this tends to be how inequality works. More wealth at the top means more power at the top. The rich capture our political, economic and social systems, block efforts for change and scare those who resist into submission. So rather than serious proposals to address our unequal society, all we are left with is the same old ‘education will fix it’ mantra, or an emphasis on the individual to ‘pick themselves up by their bootstraps’.”
Are these five famous old-money dynasties still wealthy today? – msn