People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right. The sensitivity of the poor to injustice is a trivial thing compared with that of the rich.
~ John Kenneth Galbraith
The 'little people' all over the globe are beginning to stir and let their resentments be heard.
Yet the central planners and their entitled elite brethren are responding with confusion, and sometimes a deep callousness that knifes through the air. “Let them eat cake!” some almost say.
A recent example of such oligarch-like disconnected-ness comes, quite appropriately, from Davos. So here’s the quote from Steven Schwartzman, billionaire CEO of private equity giant Blackstone:
“I find the whole thing astonishing and what’s remarkable is the amount of anger whether it’s on the Republican side or the Democratic side,” the Wall Street mogul said at the World Economic Forum in Davos. “Bernie Sanders, to me, is almost more stunning than some of what’s going on in the Republican side. How is that happening, why is that happening?
(Source)
No, this is not confusing at all. Ordinary people are entirely fed up with poisoned water, a corrupt system of money, and unlivable wages. Meanwhile the Blackstone CEO jets around the world seemingly unaware that most people don’t have their sumptuous meals brought to them on a silver platter three times per day.
Inter-class enmity isn't remotely avoidable at this point. A massive inequality of wealth, the widest on record, is now so bad that just 62 individuals control as much of the world's material wealth as do 3.5 billion people:
Richest 1% Now Wealthier Than the Rest of the World, Oxfam Says
Jan 19, 2016
The richest 1 percent is now wealthier than the rest of humanity combined, according to Oxfam, which called on governments to intensify efforts to reduce such inequality.
In a report published on the eve of the World Economic Forum’s annual meeting in Davos, Switzerland, the anti-poverty charity cited data from Credit Suisse Group AG in declaring the most affluent controlled most of the world’s wealth in 2015.