There are too many super rich people now, and that spells trouble
n Berkeley Square in Mayfair is a private members’ club called Annabel’s. The entrance is reached by a green felt carpet, the doorman is dressed in a cashmere wool uniform and inside it feels like how Versailles might have been before the Terror. A £20 million Picasso hangs in the entrance, the terrace boasts a 5ft golden unicorn and the wallpaper looks like silk. A recent refurbishment cost £100 million.
It may sound wonderful, or ghastly, depending on your perspective. But I wonder if it may also serve as a metaphor for these strange times.
For there are two big economic trends.… Seguir leyendo »