Gerontocapitalism

December 29, 2005

I love articles like this. I suspect that young, hungry reporters are fascinated by the idea of craggy old men grasping for more and more and staying alive in the process.

Entrepreneurship | Gerontocapitalism | Economist.com

GETTING old is a depressing prospect. If things go well, you may find yourself playing shuffleboard on a cruise ship with some fellow geriatrics; if things go badly, then it is off to the old folks’ home.

So far, so good.

Finally, “greed”—the pursuit of wealth—is obviously good for you: keeping at it is helping to keep these men young. The money, evidently, is not the point. The Kerkorians, Redstones, Icahns and Murdochs have stashed away more billions than they could ever spend on new houses or wives, yet they go on slugging. Maybe it’s the lust for power that drives them to fulfil their evolutionary destiny. Maybe it’s the love of the chase. Either way, it beats shuffleboard.

That it does.

Dave, not that he would know.

Posted by Dave | Filed Under Economics, People