Tuesday, May 31, 2016

Tuesday Morning: Family

Don’t read anything into this music video. It’s the only one I could think with family as the theme.

Which is why I have to bail on you folks today: family. My folks are in town and are now subsuming the entire day here. I’ll try to have a normal post tomorrow, but no guarantees since the folks are here through Thursday. And you surely know how it works when family arrives from out of state — anything can happen.

Speaking of family, this post is worth some discussion:

The richest families in Florence in 1427 are still the richest families in Florence (QZ) — Wow. I wonder how this fits into Piketty’s work on inequality?

You can see this at work elsewhere across Europe; they protected the wealthy with peerage and pulled them into royalty.

Like the marriage this past week of Lady Charlotte Wellesley, the Duke of Wellington’s daughter, to Alejandro Santo Domingo, a Colombian investment banker.

Not just any banker; a billionaire already highly connected and swimming up to his ears in more billions from your beer consumption.

Two hundred years ago this would have been unthinkable, a scandal; peers did not wed the trade class. Apparently wars and the expensive amusements of the idle rich have a way of upending class barriers when capital accrues on the other side of the tracks.

Side note: Fear of Zika kept attendees away from the couple’s engagement party this February. If big money is afraid of Zika, why aren’t we seeing more investment in addressing prevention, infection control, vaccine, and therapy?

I guess not every family matters. Open thread as usual, play nicely!

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