All wealth has become industrial wealth and industrial capital the fully developed objective form of private property. Thus, we see that it is only at this point that private property can perfect its rule over men and become, in its most universal form, a world-historical power.
70% of wealthy families lose it all by the second generation; 90% by the third.
According to a survey conducted by the Williams Group wealth consultancy, 70% of wealthy families lose it all by the second generation; 90% by the third. Part of an economic pattern known as the Kondratieff Cycle, family wealth accumulated over generations tends to wane and waste away with each successive, financially floundering generation. It turns out what Biggie said about hustling applies equally to wealthy families: mo’ money, mo’ problems. Read more
Also (this is pearls-changing-owners anon) thoughts on the fact that the Diamonds seem to only have one Pearl each? Pearls are treated as a status symbol, but a lot of status symbols can be cumulative (for instance, a hypothetical rich prat might take pride in owning ten entire lamborghinis, which makes him feel superior to people who only have one) and this seems like it's just a yes-or-no thing. Otherwise, you'd think the Diamonds of all gems would have more.
That’s a very good point to bring up! It’s something that I’ve talked about before on the blog.
And I think that’s because it’s just plain wasteful to have gems do nothing. It was the entire point Yellow Diamond brought up in “What’s the Use of Feeling (Blue)?” and it’s a central tenet of Homeworld’s value system.
Another good point you make is how some status symbols can be cumulative. But it’s not something that’s seen on Homeworld. The Diamonds have one ship, one palanquin, one Pearl. Their status lies in their huge size, their age, and their rumoured power (I mean, we’ve never actually seen them do anything).
These symbols move from the material to the more formal. They’re things that quite literally can’t be earned by anyone else. The social structure is set such that the Diamonds inherently are powerful. They’re powerful because they’re the Diamonds.
Something in the past proved to gems that the Diamonds were as Peridot puts it, “objectively superior.” But more and more we’re seeing that cast into doubt, because the Diamonds err; they make mistakes and get emotional. If they were truly objectively better, it’s something we haven’t seen yet, but following Homeworld’s value system, they must have done something of use.
It is almost Lunar New Year in Hong Kong! My family is doing Chinese Calligraphy right now, to write all the blessings for the coming year 😉
I have written some in English for all of you 😶😶 Here I wish all of my friends and followers a great year ahead, always be happy and loved, staying healthy and pretty, getting more wealthy, having good luck and fortune!! 😙😘😚😄