We have a new generation of very rich people who want to do more with their money than buy a lot of expensive toys. They want to live meaningful lives.
I'm not overly alarmist about it but I do think there are some worrying signs like the growing accumulation of wealth by a very small proportion of the population plus elections in the US are much more dominated by money than anywhere else calling itself a democracy.
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There is a basic lesson on financial crises that governments tend to wait too long underestimate the risks want to do too little. And it ultimately gets away from them and they end up spending more money causing much more damage to the economy.
