Monday, October 16, 2023

Why Get Super Rich?

Regulars will know that I am a huge fan of David McRaney's podcast called You Are Not So Smart. Each episode takes an area of life which many of us think we understand and then politely and gently explains why we are usually wrong. Sometimes it debunks, occasionally it demythologises and almost always it has a guest who knows what they are talking about. There have been 271 episodes so if you enjoy it I just cost you a lot of your future listening time. No apology. Find it, as they say, wherever you get your podcasts.

The latest episode is a rebroadcast of an episode called Survival of the Richest and the guest is Douglas Rushkoff. Rushkoff is a media scholar, cyberpunk journalist and professor of digital economics. You may not have heard of him but he gave us a number of much-used expressions such as viral media, digital native and social currency. His documentaries are on YouTube. His books are available.

A group of billionaires called him in and asked him to address them about the future. And, surprisingly for Rushkoff, the majority of the conversation was about their 'bunker mentality'. The question that bothered them was how they might maintain control of their security once their money no longer had value. They were preparing for the inevitability of an apocalypse over which they would have no control. And Rushkoff's answer did not cut it for them. It's a fairly obvious answer. If you are nice to your security team now they will find it harder to shoot you in the face when they take over.

But these guys (yes guys) were addicted to insulating themselves. Insulating themselves from the problems of the future created by the shit they had done to people by the way had earned their money today. The US slang for this sort of person is prepper. They treat life as a computer game in which there is a secret to survival to the next level but you gotta find it.

If you often find yourself asking how people can be so rich and so stupid you should listen.

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