The old rich were tied to a place and thus had more of a direct drive to improve the place they lived, which benefited those around them.

· Bits and Bobs 10/5/26
  • The old rich were tied to a place and thus had more of a direct drive to improve the place they lived, which benefited those around them.
    • The bank owner or factory family lived in the town, their kids went to school there, and their reputation depended on the neighbors.
    • Today's elite is globally mobile and can opt out of shared institutions entirely:
      • Private schools.
      • Private security.
      • Private aviation.
      • Even a second passport.
    • When your fate isn't linked to the public's, obligation starts to feel optional.