What direction do you see the world going in (future jobs etc)

dowie said:
none of those people are aristocrats, neither are most of the guys who head up major investment banks, plenty of them are from middle class backgrounds or working class backgrounds

George Soros is a Hungarian Jew who had to flee the Nazis, how on earth is he an 'aristocrat'?

Peter Theil was the son of an engineer.

these investors and bankers are largely self made just as the tech execs and entrepreneurs are
Click to expand...

From Dictionary.com for aristocracy
1. a class of persons holding exceptional rank and privileges, especially the hereditary nobility.
2. a government or state ruled by an aristocracy, elite, or privileged upper class.
3. government by those considered to be the best or most able people in the state.
4. a governing body composed of those considered to be the best or most able people in the state.
5. any class or group considered to be superior, as through education, ability, wealth, or social prestige.
Click to expand...

This is a class of people with exceptional wealth who have the money and influence to capture the bulk majority of any future production from society.

How are they not an aristocracy? Do you dispute that this class of people are considered superior? that they have wealth? that they have social prestige? that they are privileged upper class with opportunities not available to a regular member of the public?
 
Society is doomed.

Governments will collapse and corparations will take over. Walls will be thrown up to keep all the undesirables out. Something like Eleysium or Time. Probably be a few wars before then though.

Or a superbug.
 
drakioned said:
This is a class of people with exceptional wealth who have the money and influence to capture the bulk majority of any future production from society.

How are they not an aristocracy? Do you dispute that this class of people are considered superior? that they have wealth? that they have social prestige? that they are privileged upper class with opportunities not available to a regular member of the public?
Click to expand...

So you're using an example consisting of people who've made fortunes within their own lifetime to dispute the idea that others will make fortunes within their own lifetime? :confused:

Aside from actual aristocratic wealth which is handed down a line of succession of first sons new money tends to be divided among offspring, then grand kids and so on - give it more than a couple of generations and suddenly that particular family isn't anything of note. Unless these people start handing money down via single heirs or the traditional landed gentry somehow gain a monopoly over most tech IP then there isn't much stopping others from becoming very wealthy as a result of tech going forwards whether they be founders or early investors with foresight to pick good ideas. The employees also are going to be rather wealthy - demand is just increasing and you can see the affects of this in Silicon valley today where tech talent is being paid investment banker wages and one start up tried to poach a senior google engineer for 500k only to find out he was already on 3 million a year.
 
Last edited:
dowie said:
So you're using an example consisting of people who've made fortunes within their own lifetime to dispute the idea that others will make fortunes within their own lifetime? :confused:

Aside from actual aristocratic wealth which is handed down a line of succession of first sons new money tends to be divided among offspring, then grand kids and so on - give it more than a couple of generations and suddenly that particular family isn't anything of note. Unless these people start handing money down via single heirs or the traditional landed gentry somehow gain a monopoly over most tech IP then there isn't much stopping others from becoming very wealthy as a result of tech going forwards whether they be founders or early investors with foresight to pick good ideas. The employees also are going to be rather wealthy - demand is just increasing and you can see the affects of this in Silicon valley today where tech talent is being paid investment banker wages and one start up tried to poach a senior google engineer for 500k only to find out he was already on 3 million a year.
Click to expand...

What has the Tech world done for the likes of San Fran then?

It's dreadfully boring place now.
 
StriderX said:
What has the Tech world done for the likes of San Fran then?

It's dreadfully boring place now.
Click to expand...

I'm not sure what that has to do with anything being discussed, I've not commented on how good or bad the impact of having those tech firms in that place are. The thread asks what direction do you see the world headed in, I made a somewhat exaggerated first reply about a tech elite forming.
 
dowie said:
So you're using an example consisting of people who've made fortunes within their own lifetime to dispute the idea that others will make fortunes within their own lifetime? :confused:

Aside from actual aristocratic wealth which is handed down a line of succession of first sons new money tends to be divided among offspring, then grand kids and so on - give it more than a couple of generations and suddenly that particular family isn't anything of note. Unless these people start handing money down via single heirs or the traditional landed gentry somehow gain a monopoly over most tech IP then there isn't much stopping others from becoming very wealthy as a result of tech going forwards whether they be founders or early investors with foresight to pick good ideas. The employees also are going to be rather wealthy - demand is just increasing and you can see the affects of this in Silicon valley today where tech talent is being paid investment banker wages and one start up tried to poach a senior google engineer for 500k only to find out he was already on 3 million a year.
Click to expand...

No. I said:

There's probably going to be the tech boom, but the current aristocracy will just own all the IP. The tech guys will be workers like everybody else (minus the odd dozen that might break through).
Click to expand...

The tech boom isn't the dozen or few dozen at Google or Facebook who've managed to join the aristocracy. The majority of tech work will be done by the millions of techs on $20/hr or less for which their economic output will largely end up at ABC Capital Partners.

EDIT: We're not going to end up with a sensible debate unless we can agree a definition of aristocracy. I posted the one I'm working with. Yours seems to involve inheritance and land.
 
Last edited:
drakioned said:
The tech boom isn't the dozen or few dozen at Google or Facebook who've managed to join the aristocracy. The majority of tech work will be done by the millions of techs on $20/hr or less for which their economic output will largely end up at ABC Capital Partners.

EDIT: We're not going to end up with a sensible debate unless we can agree a definition of aristocracy. I posted the one I'm working with. Yours seems to involve inheritance and land.
Click to expand...

no I'm happy to refer to yours and like I've pointed out they're self made and I've already pointed out the obvious flaw there in that their wealth doesn't necessarily last much more than a generation or two

so again, rather than getting bogged down in semantics, I'm still not sure why you think the existence of self made rich people - or if you like new aristocrats or whatever you want to call them prevents others from also becoming self made rich people?
 
Tefal said:
i'm assuming theres a typo in there somewhere or you don't know what those words mean as that sentence is literally gibberish and contradictory.
Click to expand...

Internet back yipe, been off all bloody day. :mad:

I should have said conditioned to be predispositioned and subjective.

I know what the words mean its just hard sometimes to be contextual.

English is not my best subject, you know what I mean like! :p

Caged said:
Well he lives in Liverpool so...
Click to expand...

It used to be very bad but not anymore, try visiting sometime it is nothing like it used to be. ;)
 
V F said:
No one gives a **** anymore? Is that why so many are offended? If nobody cared political correctnes wouldn't be like it is today.
Click to expand...

I think it's because (most) like to be in the right, even though most of the time they are in the wrong behind the scenes, without others knowing. (If you get me?) I don't actually think the majority care and the majority are just getting on with what they have to do day by day. It's how I see it.
 
Last edited:
itchy said:
Internet back yipe, been off all bloody day. :mad:

I should have said conditioned to be predispositioned and subjective.

I know what the words mean its just hard sometimes to be contextual.

English is not my best subject, you know what I mean like! :p



It used to be very bad but not anymore, try visiting sometime it is nothing like it used to be. ;)
Click to expand...

Subjective makes absolutly no sense in that sentence though
 
dowie said:
no I'm happy to refer to yours and like I've pointed out they're self made and I've already pointed out the obvious flaw there in that their wealth doesn't necessarily last much more than a generation or two

so again, rather than getting bogged down in semantics, I'm still not sure why you think the existence of self made rich people - or if you like new aristocrats or whatever you want to call them prevents others from also becoming self made rich people?
Click to expand...

I don't dispute that the tech industry might mint a few new aristocrats. I dispute that there's a tech elite that's going to replace the aristocracy.

I believe the bulk majority of the tech work is being done by people largely unlikely to become any sort of elite. i.e. A Dell Inc or an Apple might add one Michael Dell or one Steve Jobs to aristocracy, but the tech work is being done by 100,000+ people on $20/hr or less in China or India with Dell/Jobs and XYZ Capital Partners receiving most of the profits.

Apple is probably the best example of this. Actual tech work being done by Chinese Hon Hai workers who have to threaten mass suicide to get better conditions, whereas millions going to a few guys in the US who own some IP for icon colour schemes (who go around suing competitors for lookalikes).
 
You must log in or register to reply here.
Back
Top Bottom