The multi-billionaire owner of luxury jewellery company Cartier has revealed his greatest fear – robots replacing workers and the poor rising up to bring down the rich.
Speaking at the Financial Times Business of Luxury Summit in Monaco (obviously), the fashion tycoon told his fellow elite that he can’t sleep at the thought of the social upheaval he thinks is imminent.
According to Bloomberg, Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
He said he had been reading about changes in labour technology, as well as recent Oxfam figures suggesting the top 1 per cent of the global population now owns more wealth than the other 99 per cent. Full story...
Related posts:
Speaking at the Financial Times Business of Luxury Summit in Monaco (obviously), the fashion tycoon told his fellow elite that he can’t sleep at the thought of the social upheaval he thinks is imminent.
According to Bloomberg, Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
He said he had been reading about changes in labour technology, as well as recent Oxfam figures suggesting the top 1 per cent of the global population now owns more wealth than the other 99 per cent. Full story...
Related posts:
- The super-rich don’t care about us. It will be their downfall...
- As inequality soars, the nervous super rich are already planning their escapes...
- The Secret Mountain our spies will hide in when Washington is destroyed...
- Billionaires flee havens as trillions are pursued offshore...
- The shocking amount of wealth and power held by 0.001% of the world...
- UK taxpayers pay for the rich’s greed...
- Wealth inequality in America...
- Why are so many wealthy people building futuristic high tech security bunkers?
No comments:
Post a Comment