{"id":189299,"date":"2025-11-11T09:32:09","date_gmt":"2025-11-11T09:32:09","guid":{"rendered":"https:\/\/dailytalks.org\/?p=189299"},"modified":"2025-11-11T09:32:09","modified_gmt":"2025-11-11T09:32:09","slug":"in-praise-of-the-idle-rich-wastrel","status":"publish","type":"post","link":"https:\/\/dailytalks.org\/?p=189299","title":{"rendered":"In Praise of the Idle Rich Wastrel"},"content":{"rendered":"<p>In 2014, the economist Thomas Piketty warned in his bestselling Capital in the Twenty-First Century that patrimonial capitalism, wherein inheritance is the dominant form of wealth acquisition, was making a comeback. The book is best remembered for the formula r > g, where r is return on capital and g is economic growth.The basic idea was that we risked recreating the wealth aristocracy that prevailed throughout Europe prior to the twentieth century&#8230;<br \/><a href=\"https:\/\/newrepublic.com\/article\/202044\/billionaires-dissipation-piketty-generational-wealth\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2014, the economist Thomas Piketty warned in his bestselling Capital in the Twenty-First Century<\/p>\n","protected":false},"author":1,"featured_media":189300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-189299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"featured_image_urls":{"full":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel.jpeg",1200,800,false],"thumbnail":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-150x150.jpeg",150,150,true],"medium":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-300x200.jpeg",300,200,true],"medium_large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-768x512.jpeg",640,427,true],"large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-1024x683.jpeg",640,427,true],"1536x1536":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel.jpeg",1200,800,false],"2048x2048":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel.jpeg",1200,800,false],"chromenews-featured":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-1024x683.jpeg",1024,683,true],"chromenews-large":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-825x575.jpeg",825,575,true],"chromenews-medium":["https:\/\/dailytalks.org\/wp-content\/uploads\/2025\/11\/189299-in-praise-of-the-idle-rich-wastrel-590x410.jpeg",590,410,true]},"author_info":{"display_name":"Jonathan Jeriah","author_link":"https:\/\/dailytalks.org\/?author=1"},"category_info":"<a href=\"https:\/\/dailytalks.org\/?cat=16\" rel=\"category\">Europe<\/a>","tag_info":"Europe","comment_count":"0","_links":{"self":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts\/189299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=189299"}],"version-history":[{"count":0,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/posts\/189299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=\/wp\/v2\/media\/189300"}],"wp:attachment":[{"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=189299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=189299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailytalks.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=189299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}