A New Brand Of Rich, Ctd

Kevin Drum mulls Chrystia Freeland's article and frets about a collapse of civic responsibility. Felix Salmon strikes me as more on the mark:

When it comes to US plutocrats, most of them are very similar to the Russian oligarchs who seized their country’s natural resources they’re bankers and hedge-fund managers who seized their country’s financial resources. They produced no goods, and they created no jobs quite the opposite. And so it makes sense for Americans who have lost their jobs and their hope to reclaim those financial resources, through mechanisms like a wealth tax or a financial transactions tax. The Silicon Valley elite would happily pay such things. And if the angry bankers went off to destabilize some other financial system, they wouldn’t actually be missed.