The Price of Status: How Billionaire Status Became a Symbol of Power and Inequality

The article explores the concept of the gilded age and its impact on society. It argues that the sources of status have changed over time, with wealth now being viewed as a less significant factor in determining social standing. The article emphasizes the importance of non-zero-sum activities and the value of expertise and persuasion power. It also discusses the potential dangers of concentrating too much power in the hands of a few individuals, and suggests the need for stronger institutional mechanisms to limit the influence of the privileged.