A New Gilded Age

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Victor K
Victor K
2 months ago

I’m never going to wear a Tuxedo again, except to the Crematorium

Kaushik Andra
Kaushik Andra
2 months ago

The University degree is the symbol that perfectly represents our Gilded Age.

BostonDad
BostonDad
2 months ago
Reply to  Kaushik Andra

um, really? when 1/3 of americans, and 2/3 of people under 30 have one?

Rob Mann
Rob Mann
2 months ago
Reply to  BostonDad

Most likely referring to degrees from specific Universities which we needn’t name but all know about. . Graduates from the University of Northern Vermont may feel differently.

Adam
Adam
2 months ago

I recall after vacationing in Dubai for a week having this weird, confusing feeling about everything there. I compared it to Vegas. In Vegas, everything is fake, and everyone knows it’s fake and they don’t care. In Dubai, everything is fake, but everyone pretends it’s real, and there was a sadness to it. But yeah, this article could easily be written about Dubai.

Ben Hunt
2 months ago
Reply to  Adam

I had *exactly* the same feeling about Dubai.

jeffrey barnett
jeffrey barnett
2 months ago
Reply to  Adam

I see your point. I couldn’t stand the place. The thought that people vacation there is beyond me.

Adam
Adam
2 months ago

It seemed like a dream place to go for a structural engineer… oh well.

cartoox
cartoox
2 months ago
Reply to  Adam

Yea, Singapore is kinda that way too……not as bad as Dubai though……

Mark Kahn
Mark Kahn
2 months ago
Reply to  Adam

I spent one day (no overnight) in Vegas and found that was all I could take. I’m glad I saw it; I understand the kitsch and have no issue at all with those who enjoy it (hey, I’m not releasing my Netflix viewing activity), but it felt so fake, so contrived that I took no inherent enjoyment from it. And, as noted, everyone knows it’s fake and still many love it. To each his own. But a great example of people not caring if something isn’t real.

ET82
ET82
2 months ago
Reply to  Adam

“Nothing is real, everything is fake. Bizarrely, most people like it that way.”

J.G. Ballard interviewed by Hans-Ulrich Obrist, published in the catalogue for the Beck’s Futures art exhibition, Institute of Contemporary Arts, London, 2003.

Davis Rushing
2 months ago

One of the most amazing things about Epsilon Theory is that Rusty is every bit the writer and thinker as Ben. Well done.

Ben Hunt
2 months ago
Reply to  Davis Rushing

Fact check: TRUE

Kelly Rushing
Kelly Rushing
2 months ago

Tuxedo Park reminds me of the Goose Creek section of Baytown, Texas where I was raised. There was a very strict dress code, “No shirt, no shoes, no service”.

Lawrence Pusateri
Lawrence Pusateri
2 months ago

It could easily be written about my home town of Louisville Ky. We have a handful of families that run the city behind the scenes. They have kept professional sports out of our city , they kept a bridge from being built for about 30 years because the didn’t want the “wrong type” of people from Indiana wondering too close to their neighborhood.

Anyway great tie in with current state of markets and politics I always feel that time reading espsilon theory is time well speant👍

Cooper Sinclair
2 months ago

As a Louisville resident I find your statement to be all too true. I’ve been here for almost 20 years (I grew up in central Indiana) and the “families” run the show. I doubt it’s all that different in most towns this size, however.

Mark Kahn
Mark Kahn
2 months ago

Rusty, you have a career as a published author if you want one. I’m sure there are many options, but one I see is as the next popular historian in the mode of Stephen Ambrose or David McCullough. Not that you couldn’t do serious academic work (I’m sure you’d excel), but you have such a talent for telling history in a way that speaks to the average person (me), that the opportunity is screaming out at you.

Tedd Potts
Tedd Potts
2 months ago

Very good piece. But “real capitalism” and “real democracy” aren’t compatible, because under “real democracy” the majority can vote against capitalism. The founding fathers knew that, so they built a republic based on individual rights.

“Democracy never lasts long. It soon wastes, exhausts and murders itself.” ~ John Adams

Mark Barish
Mark Barish
2 months ago

I grew up in this area and learned a lot from this. All of our local history was focused on events around the Revolutionary War.

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