Work hard, children are told, and you will succeed. In recent decades this advice served the talented and the diligent well. Many have made their own fortunes and live comfortably, regardless of how much money they inherited. Now, however, the importance of hereditary wealth is rising around the rich world, and that is a problem.
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This article appeared in the Leaders section of the print edition under the headline “The new inheritocracy”
- →Donald Trump has begun a mafia-like struggle for global power
- →Inheriting is becoming nearly as important as working
- →Germany’s election victor must ditch its debt rules—immediately
- →Prabowo Subianto takes a chainsaw to Indonesia’s budget
- →CRISPR technologies hold enormous promise for farming and medicine
From the March 1st 2025 edition
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