by John Rubino
Dollar Collapse
To understand just how grim the coming decade is likely to be for the world’s super-rich, let’s start with three premises:
1) Capitalist democracy — defined as free individuals managing their own property and periodically electing new leaders — is the only system of social organization that’s consistent with human nature and is, therefore, sustainable.
2) Capitalism inevitably produces inequality as a few participants — through energy, creativity, and (frequently) luck — do extremely well while the vast majority do okay and a few do very badly.